therock Supersonic August 19, 2018 Share August 19, 2018 PM Lee to address cost of living, housing, water prices and medical costs at National Day Rally SINGAPORE - Prime Minister Lee Hsien Loong will speak on four issues that are on people's minds at the National Day Rally on Sunday (Aug 19). These are: The cost of living, water and electricity prices, medical costs and housing. He also said in a video posted on his Facebook page on Friday (Aug 17) that the Government is closely watching the changes taking place internationally. "Domestically, we are working hard, improving people's lives, addressing problems, preparing to grow further," he added. PM Lee will deliver his speech at the Institute of Technical Education (ITE) College Central campus in Ang Mo Kio. PM Lee will commence the Rally at 6.45pm in Malay. He will then speak in Mandarin, and begin his English speech at 8.15pm. Widely seen as the most important political speech of the year, the National Day Rally is traditionally used to map out the country's future directions and announce new policies. In his annual National Day Message, PM Lee had touched on concerns over the cost of living, noting that people worry about education, healthcare and housing. He also said in his message that existing housing estates will be maintained and upgraded as the years pass. Related Story Bold creative planning can re-imagine the country, says PM Lee in National Day Message Related Story Got a question about the National Day Rally? Ask chatbot Raleigh "Though the leases still have many years to run, we should think ahead about how we can keep older estates in good living condition, and also start to redevelop them, in order to build new homes and towns for future generations," he added. PM Lee had cited the need for bold, creative planning to take the country forward, and held up the newly developed Kampung Admiralty retirement community as an example of what the Government is doing to transform education, healthcare and housing to improve lives. Kampung Admiralty, which is in Woodlands, is Singapore's first retirement community and took in its first residents in August last year. The 11-storey complex comprises public housing for seniors integrated with healthcare, wellness and eldercare facilities. WATCH IT LIVE The English speech will be streamed live on the ST website from 8.15pm. Before this, Mr Lee will be speaking in Malay from 6.45pm, then Mandarin. Things I am going to look out for: - the lease on HDB flats - cost of living - do we have enough of the right people for the jobs - taking care of the aged ↡ Advertisement 2 Link to post Share on other sites More sharing options...
Pocy Hypersonic August 19, 2018 Share August 19, 2018 I want to watch Asian Games Link to post Share on other sites More sharing options...
Hoseyboh Twincharged August 19, 2018 Share August 19, 2018 PM Lee to address cost of living, housing, water prices and medical costs at National Day Rally WATCH IT LIVE The English speech will be streamed live on the ST website from 8.15pm. Before this, Mr Lee will be speaking in Malay from 6.45pm, then Mandarin. Things I am going to look out for: - the lease on HDB flats - cost of living - do we have enough of the right people for the jobs - taking care of the aged Don't add salt add vinegar jin happy liao... 5 Link to post Share on other sites More sharing options...
Solar Turbocharged August 19, 2018 Share August 19, 2018 The FT taking jobs issue gau tim already? No jobs these 4 topics are useless. But isn't this only 1 broad topic.. Costs of living. What about the rest? 2 Link to post Share on other sites More sharing options...
Evillusion Supersonic August 19, 2018 Share August 19, 2018 Will bet somebody will broached on 'its a bullet that we must bite'........then say its a necessary evil so that the country will survive and can move forward. Thats the gist of everything here.......nothing to see or hear......move on. 6 Link to post Share on other sites More sharing options...
Yeshe Turbocharged August 19, 2018 Share August 19, 2018 No talk about remove gst?? 5 Link to post Share on other sites More sharing options...
therock Supersonic August 19, 2018 Author Share August 19, 2018 https://www.straitstimes.com/singapore/political-cost-of-rising-prices The Oh family earns a household monthly income of more than $10,000 - above the national median income of $6,913 excluding Central Provident Fund contributions. "It is a decent wage for my family," says Mr Eric Oh, who left his job as a property agent in 2012 to look after his two sons, aged 12 and 14, and two elderly parents. His wife, a bank executive, is the sole breadwinner. But the 52-year-old says he feels poorer than before because of his impression that the cost of living has skyrocketed in recent years. Asked to give an estimate, Mr Oh says his living costs have risen by 30 per cent while wages have climbed by 20 per cent in the last decade. Like many others, he draws this conclusion based on his family's expenses. Aside from the $1,000 he gives his parents each month for maintenance and the $300 for both children's monthly allowance, nearly every expenditure item on his budget list has increased since 2008, he says. The largest expense is transport, which soaks up a quarter of the family's income. This includes a second-hand saloon car that Mr Oh uses to drive his family around. The perceived lower purchasing power is why he insists on thrift: He buys cheaper clothes from Johor outlets, owns an older model smartphone and dismisses any notion of upgrading from his decade-old four-room Nee Soon South flat. "I might have felt rich 10 years ago, but not today. Nowadays, everything has become more expensive," he says. But his perception of rising prices does not match the reality measured by the consumer price index (CPI). CPI is a broad measure that tracks the prices of a weighted basket of goods, such as food, transport and utilities, and reflects the inflation experienced by households in day-to-day spending. Prices of all items increased by around 17 per cent, not 30 per cent, from 2008 to 2017, according to the index. Meanwhile, the median resident household income rose at a faster rate, by more than 50 per cent in the same period. But public perception of inflation based on people's personal everyday experience remains persistently higher than the published inflation rate since 2014, says Singapore Management University assistant professor of finance Aurobindo Ghosh. This overestimation of inflation has not abated even as inflation was at a lower level from 2014 to today, compared with between 2010 and 2013, says Prof Ghosh, who heads the Singapore Index of Inflation Expectations project. It collects data about public expectations of inflation from around 500 randomly selected individuals representing a cross section of households. What accounts for this mismatch between public perceptions and the reality reflected by statistical measures like the CPI? Academics give three reasons people overestimate the rise in general prices. First, the public perceives that everyone's living standards have increased and feels pressured to match that, says National University of Singapore sociologist Tan Ern Ser. 1 Link to post Share on other sites More sharing options...
Playtime Twincharged August 19, 2018 Share August 19, 2018 No talk about the total destruction of our presidency into a farce?? 3 Link to post Share on other sites More sharing options...
Picnic06-Biante15 Supersonic August 19, 2018 Share August 19, 2018 Oh nooooooooooo too much work for Ministers to look into his plans. So Ministers pay must increase just as gct said.... 1 Link to post Share on other sites More sharing options...
Freeder Hypersonic August 19, 2018 Share August 19, 2018 Make sure he dun Peng San can already.. 2 1 Link to post Share on other sites More sharing options...
Picnic06-Biante15 Supersonic August 19, 2018 Share August 19, 2018 Make sure he dun Peng San can already.. no worries, many doctors there. One Son-of-Punggol to son-in-law of AMK 3 Link to post Share on other sites More sharing options...
Tiger1 6th Gear August 19, 2018 Share August 19, 2018 What's could be new? Help here help there, end of the day, help themselves to us. Remember chicken drumstick? Link to post Share on other sites More sharing options...
Sosaria Turbocharged August 19, 2018 Share August 19, 2018 https://www.straitstimes.com/singapore/political-cost-of-rising-pricesThey will surely announce new aid schemes (terms and conditions apply, not mentioned) and new vouchers to issue etc. to address rising cost of living. But only the very poor will qualify. And it's only treating the symptoms, not the cause, that is, what's really driving the high costs. Rentals? Land costs? It all cascades down the line to consumers. Many people who are feeling the bite of rising living costs do not qualify for aid. Like the Mr Oh in this article, household income more than 10k but sandwiched between his kids and old parents. 4 Link to post Share on other sites More sharing options...
Mockngbrd Supersonic August 19, 2018 Share August 19, 2018 Talk bird talk 2 Link to post Share on other sites More sharing options...
Friendstar Supercharged August 19, 2018 Share August 19, 2018 "we are a country with no natural resource" "No one owe us a living" "It's a bullet we have to bite to progress" 4 Link to post Share on other sites More sharing options...
DACH Supersonic August 19, 2018 Share August 19, 2018 Costs of living would not be so high if not for his policy of 2% GST, million dollars salaries and excessive and wasteful spending on un-necessaries for the past 14 years. Inflation could not be avoided but 2% GST increase and overpaying themselves can be avoided which can slow down the pace of the costs of living for the past decade. So much talk about the same issues that has been happening for the past decades but nothing much has been done on the costs of living. It just keep increasing and increasing, and they are still talking about another 2% GST increase in the coming years. 1 Link to post Share on other sites More sharing options...
Evillusion Supersonic August 19, 2018 Share August 19, 2018 (edited) Make sure he dun Peng San can already..Wont pengsan wan......he expecting a salary increase.....die die need to stand.... Edited August 19, 2018 by Eviilusion Link to post Share on other sites More sharing options...
DACH Supersonic August 19, 2018 Share August 19, 2018 Dont know what they are taking bro........even taking viagra wont stay up forever... ↡ Advertisement 2 Link to post Share on other sites More sharing options...
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