Tag: Josephine Teo

Josephine Teo: Comparing CPF Investment Scheme to investing pension funds in other countries ‘not meaningful’

Singapore— In Parliament on Monday, August 5, Josephine Teo, the country’s Manpower Minister explained that comparing the CPF Investment Scheme to pension funds in other countries would not be “meaningful.” Ms Teo gave this answer to Member of Parliament for West Coast GRC Foo Mee...

Josephine Teo: Cabbies need to upskill in order to keep up with ride-hailing operators

Singapore—Manpower Minister Josephine Teo met with taxi drivers from ComfortDelGro, the country’s biggest taxi company on July 29, Monday. In recent years, ComfortDelGro has faced increased competition from ride-hailing operators, resulting in fewer taxis even as the ranks of private-hire drivers have grown. Ms Teo encouraged...

Josephine Teo: There are around 60,000 job openings, half for PMETs

Singapore— The country’s Manpower Minister, Josephine Teo, said on July 22, Monday, that in spite of present economic sluggishness, there are good jobs available even for PMETs (professionals, managers, executives, and technicians). At the announcement of a new initiative to re-skill white-collar air transport workers...

Josephine Teo: “Policing needs to get better” all over the world

Singapore — Manpower Minister Josephine Teo, speaking at the Interpol World 2019 on July 2, highlighted the need for crime fighters all over the globe to have better weapons in the ever-evolving area of fighting security threats. Mrs Teo points out that three aspects of...

Manpower Minister Josephine Teo announces update on retirement age will happen before September

Singapore — Josephine Teo, the country’s Manpower Minister, announced via her Facebook account on June 11, Tuesday, that an update concerning Singapore’s Retirement Age and Re-employment Age will be coming before September. The Manpower Minister uploaded her post while in Geneva, Switzerland, where she is...

Josephine Teo warns against fake news as her image and alleged comments were used in an online scam

Singapore— The country’s Manpower Minister Josephine Teo has taken to social media to warn the public of a website that falsely attributes comments to her for the purpose of getting people to disclose their financial details. On Wednesday (May 15) night, she wrote on her...

Josephine Teo: Consensus to raise ages for retirement and re-employment beyond 62 and 67 a “significant milestone”

Singapore—In her May Day Message, Josephine Teo, the country’s Manpower Minister, called the tripartite consensus to raise the retirement age and re-employment age beyond 62 and 67 a “significant milestone,” as it will serve senior citizens who want to keep on working. This consensus was...

“It’s common sense, automatic payout should start at 65” says Calvin Cheng on CPF

Former Nominated Member of Parliament (NMP) Calvin Cheng is known for his pithy no-nonsense remarks on social media. The comments he made on the withdrawal of the Central Provident Fund (CPF) following the announcement of the Budget 2019 were no different, and hard-hitting. Cheng wrote, “It...

SG advances to 9th spot after a decade for its best female workers’ performance among OECD countries

In a recent parliamentary inquiry of Ang Hin Kee, Member of Parliament (MP), to Josephine Teo, Minister for Manpower (MOM), regarding the female labour force participation rate (LFPR), the latter cited the country’s female LFPR aged 15 and above has shown a steady growth...

Manpower Minister Josephine Teo: No plans to decrease eligibility age for CPF payout

Currently set at age 65, there are no plans at the moment to decrease the eligibility age for the payout for the Central Provident Fund (CPF) members. Manpower Minister Josephine Teo said this in Parliament in response to a question on November 20, Tuesday. The...