HDB resale market to focus on transaction prices rather than COV
Published: 10 Mar 2014 2035 hrs
Prices of resale transactions will be published daily to reduce the focus on Cash-Over Valuation (COV) in negotiations and improve the long-term stability of the HDB resale market. MND will study ways to enhance monetisation options for our elderly and better support vulnerable families. MCI announced two libraries to open in 2014 in Sembawang and Orchard. There will also be a new National Translation Committee to enhance Government translation capabilities and improve translation quality.
Preparing Singaporean workers and companies for the future
Published: 07 Mar 2014 2109 hrs
A $500 million top up to the Lifelong Learning Endowment Fund and a major review of the CET Masterplan will help create better job opportunities for Singaporeans. MOM will also study the need for the Progressive Wage Model in the landscape sector. Processes and regulations will be streamlined and reviewed to support business growth. New initiatives include an electronic PIC claims submission process and amendments to Companies Act to broaden eligibility criteria for audit exemption.
Working together for a balanced pace of economic development and a safe and secure home
Published: 06 Mar 2014 2114 hrs
The Government has announced plans to explore the set up of a SAF Volunteer Corps and to enhance National Service as moves to enhance the safety and security of Singapore. Internal security systems will also be strengthened together with other measures to address lapses in the Home Team. Through R&D efforts and grants, more support will be extended to SMEs.
COS 2014: Enhancing legal frameworks and diplomatic ties to strengthen governance
Published: 05 Mar 2014 2058 hrs
The Prime Minister’s Office, Ministry of Law, and Ministry of Foreign Affairs presented their plans at the start of the Committee of Supply Debates. In line with new strategic directions, Singapore experienced its slowest population growth in the last 9 years. The Government will work towards a balanced approach for our population needs. MinLaw announced new measures to develop a more vibrant legal sector, and MFA will continue to build good relations with our key partners.
Budget Round-Up: Pioneer Generation Package to roll out earlier in 2014
Published: 05 Mar 2014 2054 hrs
The Pioneer Generation Package (PGP) will be rolled out earlier with Medisave top-ups issued from Jul 2014 and the Community Health Assist Scheme starting in Sept 2014. In DPM Tharman’s Budget Round-Up, he also shared the Government’s focus on helping SMEs transform as Singapore moves to its next phase of restructuring. DPM also clarified that the report by the Economist Intelligence Unit on the cost of living in Singapore does not reflect actual costs for locals.