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Morning Digest, Aug 4

Employer asks how to prevent confinement nanny from bulling the maid

 

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AFP PHOTO / GUILLAUME SOUVANT

An employer worried about her helper being bullied by her confinement nanny asked how she could prevent the latter from happening.

A Confinement Nanny is an individual hired to care for a new baby and a new mother either daily between 9am – 6pm or on a live-in basis.

Read more here…


 

Rising Interest Rates and Returns for Singapore Savings Bonds (SSB) — Should You Start Investing In It?

 

rising-interest-rates-and-returns-for-singapore-savings-bonds-(ssb)-–-should-you-start-investing-in-it?

With the increased attention toward personal assets, people are looking to strengthen their portfolios by investing in low-risk bonds. Learn more about Singapore Savings Bond (SSB), a bond with a steady rise in interest rates with no capital loss!

Read more here…


Higher CPF interest rate would help resolve ‘inadequate retirement savings problem’ — Lee Hsien Yang agrees with Lam Keong Yeoh, ex-GIC chief economist

 

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Photo: AFP

Former GIC chief economist Lam Keong Yeoh voiced his disagreement in a Facebook post to an Aug 2 (Tuesday) speech in Parliament by Manpower Minister Tan See Leng regarding Central Provident Fund (CPF) interest rates.

The minister said that CPF members earn higher interest rates on their savings than local banks and securities since the CPF Board places a greater emphasis on the long term.

Read more here…


 

Jamus Lim on MAS $7.4 billion loss: ‘I see little reason to fault the actions of MAS, or to criticize the losses incurred’

 

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Photo: Facebook screengrab/ Jamus Lim

Workers’ Party MP Jamus Lim weighed in on the S$7.4 billion loss recorded by the Monetary Authority of Singapore (MAS) for the last financial year, saying he saw no fault with MAS for these losses.

The Sengkang GRC Member of Parliament is an Associate Professor of Economics at ESSEC Business School. He is currently at Stanford University in the United States on a summer fellowship.

Read more here…


 

5-Star Grab driver of 10 years banned indefinitely after passenger complains she got uncomfortable with ‘inappropriate’ questions he asked

 

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Photo: TikTok screengrab/user14153979978577

In a video that has now gone viral, a TikTok user wrote that their father, a longtime Grab driver who has consistently gotten high ratings from his customers, was recently banned indefinitely via email after one passenger complained about the questions he asked.

Although Grab’s decision to ban him was appealed, the company stood by its decision.

Read more here…


Hot this week

Chinese national man, 47, gets S$560K fine in Singapore for evading over S$60K in customs duty on more than 28K bottles of duty-unpaid beer

The 47-year-old man faces 164 days in jail after failing to pay the penalty for false declarations of bringing thousands of beer bottles into Singapore

Air quality in Singapore reaches unhealthy range in central region due to transboundary haze from Indonesia fires

Dry weather and smoke from fires in Sumatra and Kalimantan pushed haze levels higher, prompting daily advisories from Singapore’s environment agency

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