AIA SURVEY SHOWS THAT SOME SINGAPOREANS DO NOT SEE A NEED FOR INSURANCE

Amanda Feng from Channel News Asia reports that a survey by American International Assurance Singapore (AIA) showed that only a little more than one in 10 Singaporeans are adequately insured. One-fifth of these uninsured Singaporeans also said that they do not see the need for insurance. Nearly half of the respondents polled felt it is … Continue reading

CAUSE OF PRE-SCHOOL POISONING CASES: SALMONELLA

Imelda Saad of Channel News Asia reports that the cause of a food poisoning outbreak in 10 pre-schools last month, which affected over 270 people has been traced to a bacteria called Salmonella Enteritidis: It was found in the seafood marinara pasta supplied by Mum’s Kitchen. The company was the caterer for eight of Pat’s … Continue reading

MEDISAVE TO BE USED FOR CANCER SCREENINGS.

Mustafa Shafawi from Channel News Asia reported that with effect from July 1, patients will be able to use their Medisave for mammograms to screen for breast cancer and colonoscopies for colorectal cancers: The Ministry of Health (MOH) said this will help make the screening tests for more affordable and accessible to Singaporeans. Patients can … Continue reading

INCREASING NUMBER OF SINGAPOREANS ARE TOPPING UP CPF ACCOUNTS OF THEIR LOVED ONES.

S Ramesh of Channel News Asia reported that an increasing number of Singaporeans are topping up the CPF accounts of their loved ones: The number of Singaporeans taking part in the Minimum Sum Topping-Up scheme last year rose 24 percent compared to 2009, says the Central Provident Fund Board. For the Tan brothers, the well-being … Continue reading

SURVEY FINDS THAT CPF SAVINGS ARE INSUFFICIENT FOR RETIREMENT.

Travis Teo of Channel News Asia reports that Singaporeans believe that they will have to work for as long as they can to supplement their retirement income. This is according to a survey by Citibank Singapore. The bank added that respondents think their CPF savings are insufficient to support them through retirement. According to the … Continue reading

COVERAGE FOR MEDISAVE AND MEDISHIELD COULD BE EXTENDED.

Hetty Musfirah Abdul Khamid of Channel News Asia reported that the Ministry of Health in Singapore will continue to explore ways to make sure healthcare remains affordable in Singapore: This may include extending the coverage of Medisave and MediShield schemes. The Ministry will also study how to make it easier for patients to undergo day … Continue reading

RECENT PROPERTY MEASURES ARE CALCULATED AND STRATEGIC.

Channel News Asia reports that National Development Minister Mah Bow Tan said the latest property cooling measures were not meant to crash the market: He described them as “calibrated”, “targeted” and “pre-emptive”. Mr Mah was speaking to reporters at a community event on Saturday. Explaining the government’s rationale for the recently announced property cooling measures, … Continue reading

RECENT PROPERTY MEASURES HIT PRIVATE PROPERTY MARKET.

Joanne Chan from Channel News Asia reports that the latest round of property cooling measures which kicked in Friday appears to have caused a knee-jerk reaction from the private property market: Channel NewsAsia understands that some sellers even rushed to close deals before midnight to avoid the new rules. Others pulled their properties from the … Continue reading

MORE PROPERTY MARKET MEASURES REVEALED.

Mustafa Shafawi from Channel News Asia reports that the government in Singapore has announced more measures to maintain a stable and sustainable property market: From Friday, the holding period for imposition of Seller’s Stamp Duty (SSD) will be raised to four years from the current three. The SSD rates would also be raised while the … Continue reading