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Joe2020 ( Date: 25-Apr-2011 14:51) Posted:
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the original motivation for GST, help the poor more
* * * *
the fUTUre wIll arrIve ? ? ? ?
DOG the G S T ? ? ?
lIke hOng kOng ? ? ? ?
nO GST ? ? ? ?
zerO GST ? ? ? ?
bAn GST ? ? ? ?
pharoah88 ( Date: 25-Apr-2011 14:47) Posted:
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GOD saId: " Y E S !"
No need to raise GST as Singapore budget is in a healthy state
Mr Tharman said there is no need to raise the GST as Singapore's budget is in a healthy state.
The GST was last raised from 5 per cent to 7 per cent in 2007.
Mr Tharman was speaking to reporters on the sidelines of a community event in Jurong on Saturday.
He said: " As Finance Minister, I have made that very clear in Parliament that at least for the next five years - it does not mean we will raise it in five years' time - but at least for five years, there is absolutely no reason to raise the GST, because this was the whole idea - we strengthen our revenue base in time. In fact, in the good years before the crisis, it came in very handy in the crisis but it is also going to come in handy in the next five years when we build our infrastructure in health, in infrastructure and we increase our support for the poor.
" Basically, the GST and changes to the constitution have provided us a lot addition to our revenue base. Firstly, it has provided us to react very forcefully during the crisis, it wasn't just the draw on the reserves...we were very fortunate that we made the revenue changes in time so that we could react forcefully to help Singapore through the crisis and now post-crisis, it has helped us to build up our infrastructure, education, health, including continuous education and training.
" That was the original motivation for GST, help the poor more and prepare Singaporeans for the future through investment income, two very solid sources of revenue to help us in the years to come."
Mr Tharman also said that his team is taking the Opposition seriously, whether they are well-known or otherwise.
But he said that the People's Action Party (PAP) team has a track record in Jurong, having made many improvements for the elderly, children and low-income families in the last 10 years.
Mr Tharman added that aside from national schemes, Jurong also has its own local schemes that have benefited the residents there, and so residents already know what the PAP can do more and that they can deliver on their promises.
Will there be another COLLNG MEASURE before election and before its TOO LATE?? Then, more supporters for PAP?
Scarley one week before election, announcement of HDB flat going only for 100 psf in yishun or ponggol.....So, Happy or not? Some will cry (wanting to sell their lats), some will rejoice (wanting to buy flats)
Issit wise to wait for House hunting after eletion?
pharoah88 ( Date: 22-Apr-2011 20:25) Posted:
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China Raises Bank Required Reserve Ratio [BRRR] for 4th Time in 2011 to Curb Inflation
Apr 18,2011 9:48 AM Source:Xinhua
BEIJING, Apr. 18 -- China's central bank announced Sunday that it would raise the required reserve ratio of the country's lenders by 50 basis points for the fourth time this year, in the latest effort to curb stubbornly high inflation.
The new tightening measure becomes effective April 21, the People's Bank of China (PBOC) said in a statement on its website.
The move would raise the required reserve ratio for China's large financial institutions to a record high of 20.5 percent, which means they have to lock up 20.5 percent of their deposits as reserves.
The tightening measure has been widely expected after the government said Friday that the consumer price index (CPI), a main gauge of inflation, had reached a 32-month high of 5.4 percent in March.
Alongside reserve hikes, China has also raised the benchmark interest rates four times since last October to battle persistent inflation.
The increase was in line with market expectations because outstanding foreign exchange funds picked up in March and massive bills and repurchase agreements will mature in April, said Lian Ping, a chief economist with the Bank of Communications.
" Open market operations are not enough to absorb liquidity and the hike in the required reserve ratio will freeze about 350 billion yuan (53.6 billion U.S. dollars) again," he said.
Government data showed that China's funds outstanding for foreign exchange increased by 407.9 billion yuan in March and by more than 1.1 trillion yuan in the first quarter of this year. Further, the market will see 911 billion yuan of central bills mature in April.
The central bank reported on Thursday that China's foreign-exchange reserves surged to 3 trillion U.S. dollars by the end of March and Chinese banks lent 679.4 billion yuan of loans in March, up from 535.6 billion yuan in February.
Moreover, the broad money supply (M2), which covers cash in circulation and all deposits, increased 16.6 percent year on year as of the end of March, 0.9 percentage points higher than by the end of February. The increase has exceeded the government's target ceiling of 16 percent for 2011 set down in the government work report released in March.
" The current cash in the economy is still ample, which prompted the hike," said Zhao Xijun, a finance professor at Renmin University of China.
The continuous tightening of the central bank seeks to remove monetary factors that are related to inflation, said Yin Jianfeng, a researcher with the Chinese Academy of Social Sciences, a government think tank.
The view echoed that of the PBOC governor Zhou Xiaochuan, who also said Saturday that " China will continue tightening monetary policy for some time" on the sidelines of the Boao Forum for Asia in south China's Hainan Province. He said there is not an absolute ceiling for the level of banks' reserve requirements.
Premier Wen Jiabao said earlier this month, during an inspection tour in the eastern Zhejiang Province, that keeping the overall price levels stable was the top priority for current macro regulation.
The government would use tools, including open-market operation, required reserve ratio, interest rates, and the exchange rate to eliminate the monetary basis for inflation, he said.
Also, the central bank again chose to increase the required reserve ratio instead of interest rates based upon concerns of an inflow of speculative foreign money into China, said Liu Yuanchun, professor with Renmin University.
China's economy expanded at 9.7 percent in the first quarter of this year, the National Bureau of Statistics said Friday.
Li Xunlei, a chief economist with the Guotai Junan Securities, said the liquidity in the economy is still excessive and China is likely to adopt more tightening measures in the future, including hikes of interest rates and the required reserve ratio.
no need to attend rally.
hIgh transport costs.
What For ?
GOD will take CARE !
Just inflect the facts.
Human beings can't do anything like GOD!
So......which rally are you attending ?
pharoah88 ( Date: 22-Apr-2011 21:43) Posted:
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Foreign talent in geylang help us a lot!
They work very hard to serve us u know?
They blow and suck so hard, we should support and wellcome them, not catch them!
pharoah88 ( Date: 22-Apr-2011 21:06) Posted:
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fOreIgn talent ? ? ? ?
INCREASES COSTS ? ? ? ?
Of gOOds and servIces ? ? ? ?
Why hire a foreign coach?
Letter from Chan Teck Guan
AS I read with interest the report “Under-16
boys meet their master” (April 21), I simply
cannot understand why the Football Association
of Singapore (FAS) has once again
appointed a foreign coach to take charge of
our national youth team.
With all due respect, what has Takuma
Koga won as a youth coach that gives him
an edge over our local coaches?
To support his appointment with the
trophies he won in J-League as a player is
naive.
Adbullah Noor was the assistant coach
of the Youth Olympic Games team last
year, and with Kadir Yahya’s departure, one
would have thought the FAS would appoint
Noor as the new coach.
But to our surprise, the FAS has again
shown its preference for foreigners by appointing
Koga as the new coach — with
Noor as the assistant.
How about local coaches such as V Sundramoorthy
and D Tokijan who were involved
with youth teams in recent years?
Did the FAS even consider Fandi Ahmad for
the post?
FAS president Zainudin Nordin should
be upfront and tell us: Are our local coaches
good enough? If not, why not?
It is ironic that the FAS appointed a foreign
coach for the YOG team, when the FAS
president announced earlier this month
that FAS is working towards having a league
with no foreign teams.
Reform Party wants to contest Ang Mo Kio GRC
Neo Chai Chin
chaichin@mediacorp.com.sg
SINGAPORE
the Reform Party’s contest of West Coast
GRC, its secretary-general, Mr Kenneth
Jeyaretnam, revealed its greater ambitions:
It hopes to send a team to contest the sixmember
Ang Mo Kio GRC helmed by Prime
Minister Lee Hsien Loong.
Two of the six potential candidates
for Ang Mo Kio will be “loaned” from the
Singapore People’s Party (SPP): Mr Alex Tan
and Mr Jay Ting. The identities of the remaining
members are still being finalised.
The RP already has one SPP member on
its books, Mr Frankie Low, who will be part
of the its West Coast GRC team.
While SPP told
came about because the RP “needs
the help”, Mr Jeyaretnam reiterated that his
party “have more than enough candidates
to form a second GRC team, or the nucleus
of a GRC team”.
Speaking to reporters during a Telok
Blangah walkabout last night, Mr Jeyaretnam
described the arrangement between
the RP and the SPP as “the culmination of
the process” that began when SPP chief
Chiam See Tong approached him to contest
a GRC together in May 2009.
Should Mr Jeyaratnam decide to lead
the RP’s Ang Mo Kio GRC team, it would
set up an eye-catching contest between
him and the Prime Minister. Apart from
also having a political pedigree, Mr Jeyaretnam
was quick to point out — when he
first came onto the political scene — that
like Mr Lee, he also had double first class
honours.
But Mr Jeyaretnam, who took up the
RP baton following the death of his father
Joshua Benjamin Jeyaretnam, stressed that
he was “committed” to West Coast. The
party chose Ang Mo Kio because it is one of
the few GRCs that none of the Opposition
parties had declared an interest in.
“Our main concern is to see every seat
contested. Most of the other GRCs are already
spoken for,” he said.
On whether a RP team would face an
uphill task, given its lack of outreach efforts
in Ang Mo Kio, Mr Jeyaretnam said: “We
want to answer the popular demand that
there should be no more walkovers. So,
that’s our primary motivation.”
The party will begin outreach activities
in the constituency soon, he added.
Spotted at the walkabout yesterday
was Mr Jeyaretnam’s 14-year-old son Jared.
The youngster helped snap pictures of the
candidates on their block visit and deposit
flyers at the doors of residents who were
not at home.
Said Mr Jeyaretnam: “He’s very interested
in politics ... It’s a good learning
experience.“
— A day after he announcedToday that the arrangementOur main concern
is to see every seat
contested. Most of
the other GRCs are
already spoken for.
Reform Party secretary-general
Kenneth Jeyaretnam
Mr Jeyaretnam (centre), his son (in white) and members of the Reform Party during a walkabout
yesterday.
Photo by Neo Chai ChinOur main concern
is to see every seat
contested: Jeyaretnam
I’m my own man: Kuan
Ph oto by Erne st Chua
Ian De Cotta
ian@mediacorp.com.sg
Let’s have a clean fight in Marine Parade: SM Goh
TAN WEI ZHEN and SHAMIR OSMAN
weizhen@mediacorp.com.sg
The R E A L I T Y is :
fOreIgn talent entered every sector ? ? ? ?
and INCREASED COST of gOOds and servIces and UNEMPLOYMENT in every sector ? ? ? ?
AND the WHOLE ECONOMY ? ? ? ?
WHAT FOR ? ? ? ?
wOrst Of ALL ? ? ? ?
every sector's middle-aged and senior workers ? ? ? ?
lOst theIr jObs ? ? ? ?
after the fOreIgn talent entered each sector ? ? ? ?
# # # #
whIch sectOr's middle-aged and senior workers did not loose jobs after the foreign talent entered the sector ? ? ? ?
fresh graduates also lOst theIr OppOrtUnIty tO secUre fIrst jOb ? ? ? ?
# # # #
REVEAL # R A W # EMPLOYMENT DATA Of every fOreIgn talent employed in Singapore fOr TRANSPARENT scrUtIny ? ? ? ?
fOr Singaporeans to CHALLENGE theIr Capability & Capacity in the OPEN ? ? ? ?
fOreIgn talent entered the RETAIL sectors ? ? ? ?
cOst of RETAIL gOOds and servIces ? ? ? ?
WENT UP AND UP AND UP AND UP ? ? ? ?
pharoah88 ( Date: 22-Apr-2011 21:06) Posted:
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fOreIgn talent entered Medical sectors ? ? ? ?
cOst of MEDICAL services ? ? ? ?
WENT UP AND UP AND UP AND UP ? ? ? ?
pharoah88 ( Date: 22-Apr-2011 21:06) Posted:
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when fOreIgn talent entered the TRANSPORT sectOrs ? ? ? ?
cOst of car, taxi, MRT, buses ? ? ? ?
WENT UP AND UP AND UP AND UP ? ? ? ?
pharoah88 ( Date: 22-Apr-2011 21:06) Posted:
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