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Hefty $235M cost of Founders Memorial and $599M cost of NS Square raises concerns on use of taxpayer dollars

SINGAPORE: The hefty projected costs of the Founders Memorial and NS Square has raised critical questions on the use of taxpayer dollars, among Singaporeans online.

Concerns erupted in the hours after the ground-breaking ceremony of the Founders’ Memorial took place on Wednesday (5 June). The memorial, which is designed to commemorate the founding fathers of Singapore as well as cover the country’s history from after World War II to its first few decades of independence, has begun construction and it is slated to open its doors to the public in 2028.

The memorial at Gardens by the Bay’s Bay East Garden will consist of two connected two-storey buildings that will also function as a viewing gallery that overlooks Singapore’s city skyline, alongside having an amphitheatre, exhibition galleries and multi-purpose rooms for workshops and programmes.

It has since come to light that the memorial will cost a whopping $235,660,000 to construct.

The information was exposed online by Reddit user ‘shimmynywimminy‘ who cited publicly available data at the Building Construction Authority’s online database for March 2024.

Hours later, another Redditor ‘potatetoe_tractor‘ cited the same BCA database to reveal that the upcoming NS Square costs more than double the cost of the Founders Memorial at more than $599 million.

NS Square is an upcoming outdoor multi-purpose venue, meant to replace The Float@Marina Bay. Construction of NS Square, which will house a 30,000-seat grandstand, a National Service-themed gallery, community sports facilities and a public waterfront promenade, began this March and the project is scheduled to be completed in 2027.

The cost projections as per BCA’s database has stirred discontent on social media, with many asking if these expensive developments are truly a wise use of taxpayer funds. Many pointed to the recent goods and services tax (GST) hike and questioned if the hike was implemented to fund such opulent structures instead of being used in a way that may better benefit ordinary Singaporeans.

Some also pointed to founding Prime Minister Lee Kuan Yew’s aversion to monuments as cast doubts on the need for a founders memorial.

In response to events organized to commemorate Mr Lee’s first death anniversary in 2016, his only daughter, Dr Lee Wei Ling, said he would have “cringed at the hero worship.”

In a Facebook post, she added, “…in looking at acts of commemoration in general, I would ask how the time, effort and resources used to prepare these would benefit Singapore and Singaporeans.”

Asserting that “Papa was dead set against a personality cult and any hint of cronyism,” Dr Lee said:

“Papa’s focus never wavered. What he did was all for the welfare of the nation and its people. Yes, it is good that we remember history. But it would be even better if we honour Lee Kuan Yew by working for the well-being of Singapore and Singaporeans.

“Any veneration could have the opposite effect and lead future generations of Singaporeans to think that my father’s actions were motivated by his desire for fame, or creation of a dynasty. He strove hard and determinedly in life to advance Singapore, and not for his place in history, or leaving a great legacy. He is a rare politician and leader, who did what he had to do with no thought to any gain for himself.”

Mr Lee Kuan Yew’s eldest son, Lee Hsien Loong who transitioned from Prime Minister to Senior Minister just last month, agreed in 2016 that their father “made it very clear throughout his life that he did not need and did not want any monument.”

Mr Lee Hsien Loong, however, mooted the idea of the Founders Memorial to commemorate not just his father but the team that led Singapore forward. He said, in 2016, “Indeed, Mr Lee himself had thought that there was value in such a memorial.”

Asserting that such a memorial “need not be a grand structure,” Mr Lee Hsien Loong said the development must stand for the ideals and values of Singaporeans.

Mr Lee said, at the ground-breaking ceremony this week: “I hope this Founders’ Memorial will become a space where Singaporeans reflect on our ongoing nation-building journey; appreciate our precious inheritance from the founding generation; and resolve to continue building a harmonious and successful Singapore, based on our foundational values and ideals, for generations to come.”

Interestingly, mainstream media outlets – which covered Mr Lee’s comments as well as the plans for the memorial, right down to what sort of flowers would be available there – did not include information on how much the project would cost.

TISG/

Parents who expect financial support from children earn criticism online

SINGAPORE: A recent survey conducted by Manulife has highlighted a contentious issue in Singapore: the expectation that children should provide financial support to their parents in retirement. These parents, however, have been met with criticism online.

According to The Business Times, The Manulife Asia Care Survey 2024 reveals that many parents view their children as a “great investment” for retirement.

Although this may be the “norm” in most Asian households, not just in Singapore, younger Singaporeans on social media felt that this “good old traditional Asian family values” are “reducing children to being great investments.”

The survey, which involved 1,038 Singapore residents aged 25 to 60, found that 60 per cent of those planning to have children, as well as those who already have them, see their offspring as a financial safety net for their retirement. This sentiment is echoed across Asia, with 59 per cent of respondents having the same perspective.

Ironically, a significant 55 per cent of respondents also see the responsibility of supporting their own elderly parents as a financial burden.

According to Manulife, “It appears to suggest that Singapore respondents are trapped in a cycle of financial obligations to parents and, subsequently, the financial dependence on their children.”

Singaporeans online responded strongly to this survey, with many criticising the expectation that children should provide financial support to their parents.

One commented, stating, “They better hope they were good parents then. My dad wasn’t around most of my life and won’t be getting a single cent from me. My mum, who made sacrifices to raise me even till today, will have me there till the end.”

Another shared a similar sentiment, “For me, it’s both—an absent dad and a mum who kept comparing me to my cousins, asking why I couldn’t be like them.”

Some parents joined the discussion, wondering why parents who expect support from their children are not more responsible themselves.

One parent wrote, “Speaking as a parent, people who expect this are not good parents. So old enough to be retired and still don’t understand personal responsibilities.”

Another parent agreed, saying, “So true. As a parent of two, I already plan to help my kids financially as much as I can, because this country is too expensive.” She shared that she recently checked her CPF balance and felt frustrated that so much of it is locked up, noting that she can’t use it for her family’s needs right now.

On the flip side, some people acknowledged the support they have received from their financially responsible parents. 

One noted that he’s so glad his parents are financially literate and fiscally responsible. He shared that when he offered to give them some of his monthly income, they declined, knowing that he was saving for a home.

This, in turn, made him more inclined to support his parents voluntarily. He noted, “They often do their best to not impose on me and my sister, but to be honest, that disposition of theirs makes us want to support them even more.”

Another shared that mutual support within a family is natural. “I think it’s alright to expect your kids to love and support you the same like you loved, encouraged, and supported them. That is what love is. In fact, it’s probably what you will get back from your kids even if you don’t ask.”

Many of the comments shared a common theme. “It’s one thing to expect love and support and another thing to expect a certain monetary value every month. Maybe you have great parents, but unfortunately, the people I know who have to give financial support to their parents are guilt-tripped into giving a specific amount each month,” one commenter shared.

Another chimed in, “If parents have this financial expectation of their children, how about walking the talk by giving them everything they ask for when they’re young? It’s only fair to reap what you sow.”

How about you? Do you view financial support as a natural part of family love or a financial burden? /TISG

Read also: Financial Support to Parents in SG: A Tradition or Obligation?

Some Singaporeans desire GE to be held in September just for public holiday 

SINGAPORE: Amid speculation regarding the timing of the next General Election, there appear to be some in Singapore who want the polls to be held in September but for a very specific reason—so that everyone can have a holiday.

A number of Singaporeans online expressed a desire for a public holiday in September while discussing a recent article in the national broadsheet about when the polls will be called.

The article underlines that while the next GE, which must be held before November 13, 2025, could be called by September, the Electoral Boundaries Review Committee (EBRC) has not yet been convened, which would be the first step toward the elections.

Many commenters weighed in on the topic, with some appearing to look forward to the election because of the holiday it brings. Polling Day for General or Presidential Elections are public holidays in Singapore, although this is not the case for by-elections.

Those seeking a public holiday in September pointed to the “public holiday drought” this year between National Day (Aug 9) and Deepavali (Oct 31).

Some, however, added that the GE could also be held at the end of October for an “extended looooong weekend.”

A Reddit user joked that not only should there be a holiday for Polling Day itself, but the public should be given another day off  “to prepare for the election.”

“We need time off to think and analyze which party to vote for,” they added.

The other commenters, however, took the topic more seriously and debated about the possible timing of the next GE.

One wrote that this month would be too soon, and August would be too close to the National Day Rally, making it “highly unlikely,” while October is “exam season” and November and December are holiday months already, which would affect voter turnout.

“This leaves July and September as the most feasible windows for the election,” they concluded.

Some said they tend to believe that the GE won’t be held until 2025, with one guessing it would be sometime after Chinese New Year, when inflation levels would be, hopefully, close to normal.

Others, however, felt that this would be too close to the preparation of the national budget before the fiscal year begins on April 1.

Read also: Buzz around next GE grows strong, but PAP may need more time to strengthen its constituencies before next GE is called

TISG/

Featured image by Depositphotos

US website says Malaysia is Asia’s most beloved country, while Singapore ranks 3rd

SINGAPORE: Malaysia has taken pole position in an online ranking of the 20 most loved countries in Asia, while Singapore was ranked third.

Insider Monkey, a site that tracks hedge funds and corporate insiders, published a list of the best-loved Asian countries on May 28.

The 20 countries were ranked according to various factors like respect, friendliness, most visited, diversity, and democracy, with 75 per cent weight given to the first three categories and the remaining 25 per cent to the last two.

The site explained that Asia is the fastest-growing continent across the globe, and in the next decade and a half, is likely to represent over half of the world’s GDP. Due to its huge potential, there has been a mass inflow of visitors with an eye toward finding jobs, remote work, or investment opportunities.

First-placer Malaysia’s overall score was 0.701, with high rankings for friendliness, number of visitors, and democracy. Its lowest ranking was for diversity.

In 2022, Malaysia welcomed more than 10 million visitors. Insider Monkey noted that people visit Malaysia not only for its “stunning beaches and posh city life” but also for the local culture and tradition, “enriched by hospitable and friendly locals.”

Runner-up Taiwan took first place for democracy and second place for respect, which means it could have easily taken first place. However, for diversity and number of visitors, Taiwan ranked last among the 20 locations on the list. Its overall score was 0.595.

Insider Monkey noted how Taiwan has been deemed an advanced economy by the World Bank and the IMF, with its GDP per capita at $72,490 (S$97,455)  in 2023.

Singapore comes in third with an overall score of 0.593, just a shade below Taiwan’s score. The Little Red Dot ranked well when it comes to friendliness (5th), respect (6th), and number of visitors (6th), but did not fare quite as well for democracy (15th) and diversity (18th).

Nevertheless, the piece took note of Singapore’s status as a stable global business and financial hub, with some of the biggest companies choosing to locate their regional headquarters there. The list also emphasized that Singapore is also “among the least corrupt and richest countries in the world.”

Taking fourth place is Japan, with an overall score of 0.553. It took first place for respect and second place for democracy, but interestingly, Insider Monkey did not give Japan a rating for diversity and friendliness.

In fifth place is the United Arab Emirates, with an overall score of 0.520. The UAE took first place for friendliness and second place for number of visitors.

TISG/

Singapore stocks edge higher on Friday—STI up by 0.2%

SINGAPORE: Singapore stocks edge higher on Friday amid anticipation of US payrolls data and European Central Bank (ECB) rate cuts.

The Straits Times Index (STI) opened 0.2%, or 5.41 points, higher at 3,336.22 by 9:01am. In a broad market view, the number of gainers surpassed the number of losers, with 47 stocks rising compared to 28 that fell. A total of 27.7 million securities had been traded, valued at S$48.3 million, according to The Business Times.

Jasper Investments was the most actively traded stock by volume, with 11.9 million shares changing hands. It also opened with a significant leap, up 50% or S$0.002, landing at S$0.006.

Singtel shares experienced a slight dip of 0.4% or S$0.01, bringing the price to S$2.52. In contrast, Thai Beverage slipped 1% or S$0.005 to S$0.505.

Banking stocks also opened stronger. DBS saw an increase of 0.4% or S$0.15, with its shares trading at S$35.65. OCBC nudged up 0.1% or S$0.02 to S$14.32, and UOB also gained 0.1% or S$0.04, reaching S$30.81.

The US market was mixed the previous day as US investors await a key labour market report. The S&P 500 slightly decreased by 0.02% to 5,352.96, and the Nasdaq edged down 0.1% to 17,173.12. Meanwhile, the Dow Jones Industrial Average managed to rise by 0.2%, closing at 38,886.17.

European shares closed higher following the ECB’s decision to cut lending rates for the first time since 2019. However, the bank left the market uncertain about the timing of future rate changes. The pan-European Stoxx 600 index ended the session up 0.7% at 524.68. /TISG

Read also: Singapore shares started strong on Thursday—STI rose 0.3%

Featured image by Depositphotos

Aviation lawyer questions SIA’s responsibility in SQ321 incident

SINGAPORE: An aviation lawyer is questioning whether Singapore Airlines might be at fault following a turbulence incident on Flight SQ321 from London to Singapore that led to one passenger’s death and left many others critically injured.

The flight, which encountered severe turbulence on May 21, was diverted to Bangkok. Out of the 211 passengers and 18 crew members onboard, 79 passengers and six crew members required hospitalization.

Peter Carter, Director of Carter Capner Law and legal representative for some of the injured passengers, has pointed to preliminary findings by the Transport Safety Investigation Bureau (TSIB) of Singapore, which allegedly suggest potential lapses in the airline’s handling of the situation.

According to Carter, issues under scrutiny include the airline’s possible failure to avoid an evident area of thunderstorms and a lack of timely warning for passengers to fasten their seat belts.

“It’s looking likely that this is not a simple case of unexpected turbulence,” Carter said. He emphasized that if the airline’s actions contributed to the incident, it could significantly impact compensation claims. The 1999 Montréal Convention limits claims to $175,000 if the airline is not at fault, but if negligence is proven, compensation could be unlimited.

The TSIB’s initial report, based on the flight data recorder and cockpit voice recorder, indicated that the aircraft was likely flying over an area with developing convective activity. Carter is investigating whether thunderstorms near the flight path were detected and appropriately monitored by the crew.

“The cockpit voice recorder will answer questions about the attention the air crew was paying to developing thunderstorms,” Carter noted, adding that despite claims of a fasten seat belt announcement, passengers reported no such warning.

The TSIB reported that a pilot called out that the fasten seat belt sign had been switched on moments before passengers were thrown from their seats. However, Carter urged Singapore Airlines to clarify several points: why the aircraft did not divert to avoid thunderstorms, how frequently the weather radar was checked, and the experience level of the flight crew.

In response to growing turbulence-related injuries, including the recent SQ321 incident, airlines are under increased scrutiny.

A Jetstar flight from Auckland to Dunedin recently faced significant turbulence but reported no injuries. Turbulence remains a leading cause of in-flight injuries, with over a third of U.S. airline incidents from 2009-2018 attributed to it, according to the National Transportation Safety Board (NTSB).

Research indicates that clear-air turbulence has increased significantly over recent decades, contributing to numerous injuries. A Qatar Airways flight also encountered severe turbulence, injuring 12 passengers, just days after the Singapore Airlines incident.

Carter suggested that these turbulence events could lead to higher compensation payouts if it can be shown that aircrews should have diverted their flight paths away from developing thunderstorms. NIWA research meteorologist Richard Turner highlighted that while some turbulence, like clear-air turbulence, is challenging to predict, thunderstorms typically offer visual or radar warnings.

Emirates is addressing the issue by installing advanced turbulence detection tools on its fleet, sharing data through the International Air Transport Association’s platform. The TSIB’s investigation continues, with Singapore Airlines declining comment.

TISG/

Nearly 70% of college graduates think it is difficult to land a job this year: Survey

SINGAPORE: A recent survey has shed light on the growing anxieties faced by new graduates in Singapore, revealing that nearly 70% believe finding a job this year is challenging. The survey, conducted by a prominent media company, indicates a strong preference among graduates for employment in more stable industries amid economic uncertainties and technological advancements.

The survey, which gathered responses from over 11,600 graduates across 25 public and private universities, highlights several key concerns. Chief among them is the rising cost of living, which has left nearly 80% of respondents worried that their future salaries might not suffice to meet these escalating expenses.

In light of these concerns, salary has emerged as the primary factor influencing job choices, reflecting a pragmatic approach to financial stability in uncertain times.

Approximately half of the participants also expressed apprehension about the role of artificial intelligence (AI) in their chosen fields, fearing it could affect job security and long-term career development.

A representative of the company that conducted the survey told 8World that the priority placed on salary reflects graduates’ anxiety and awareness of the changes happening around the world, coupled with the challenges brought on by the rising cost of living.

When it comes to preferred employers, the Agency for Science, Technology and Research topped the list, followed closely by tech giant Microsoft. Other favored employers include the Ministry of Education, the Ministry of Health, DBS Bank, and JPMorgan Chase, signaling a blend of interest in both public sector stability and private sector opportunities.

Conducted from August last year to April this year, the survey captures a snapshot of the evolving job market sentiment among new graduates, suggesting that ground realities may differ from optimistic reports promoting high salaries for new job market entrants.

TISG/

ST draws flak for placing article on how to stretch grocery budget behind paywall

SINGAPORE: The Straits Times has received online criticism for putting an article offering practical tips on how to stretch the grocery budget behind a paywall.

Singaporeans have been feeling the financial pinch more acutely in the past year, with the GST hike and increases in water, gas, and electricity prices further straining household budgets already stretched thin by inflation.

With the cost of essential goods and services climbing, many citizens seek ways to manage their expenses more effectively.

Against this backdrop, the national broadsheet’s decision to publish an article on grocery budgeting behind a paywall has been criticized by critics as a missed opportunity.

The article, which promised to provide valuable advice on making every dollar count in the supermarket, was inaccessible to those who do not subscribe to the newspaper, sparking widespread criticism on social media and public forums.

Facebook user Cynthia Ong pointed out, “Before you want to know more about tips on saving, you have to first spend on the subscription.”

Critics argue that in a time of economic hardship, essential information that can help families save money should be freely accessible to everyone, regardless of their ability to pay for a subscription.

Interestingly, the comments section under ST’s Facebook post linking the article has emerged as a forum where Singaporeans freely share their tips on maximising their budgets.

Quite a number of commenters advocated for going food shopping in nearby Johor Bahru, Malaysia, while others said portion control could help rein in costs.

The incident has reignited the broader debate over the ethics of paywalls.

While many understand the need for media outlets to monetize their content, the argument for free access to essential information becomes more compelling when public welfare is involved.

Trump stripped of gun rights after felony conviction

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Former President Donald Trump has been legally barred from owning firearms after being convicted of 34 felonies last week. The New York Police Department (NYPD) is now moving to enforce this decision by officially revoking his gun licence, thereby stripping him of his gun rights.

Trump’s firearm licence had already been suspended following his indictment on felony charges, with two of his pistols being handed over to the NYPD in March of last year.

Gun rights no more

Now, as a convicted felon, the 45th President of the United States faces a complete ban on gun ownership under federal law.

A senior NYPD official disclosed that an ongoing investigation “will likely lead to the revocation of [Trump’s] license” to carry firearms. Additionally, a third weapon that Trump transferred to Florida after changing his official residence from Trump Tower to Mar-a-Lago is also expected to be surrendered, although CNN has not confirmed whether this has already occurred.

Trump’s history as a gun owner dates back long before his presidential run in 2015. His application for a firearm license included a request for confidentiality, which exempted it from public records.

Throughout his presidency, despite having a permanent Secret Service detail, he maintained his gun licence.

Powerful man vs. powerlessness

In an interview with Valeurs Actuelles, Trump once stated, “I always carry a weapon on me. If I’d been at the Bataclan or one of those bars, I would have opened fire. Perhaps I would have died, but at least I would have taken a shot. The worst thing is the powerlessness to respond to those who want to kill you.”

This loss of gun rights marks a significant blow for Trump, who has long been a staunch supporter of the gun lobby. During his campaign, he pledged to overturn numerous gun reform policies introduced under President Joe Biden’s administration, including the Safer Communities Act, a piece of legislation passed in response to the tragic shooting at Robb Elementary School in Uvalde, Texas in 2022.

Cover Photo: Depositphotos

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NYPD to officially revoke Trump’s concealed carry license after his 34 felony convictions

Trump’s gun license expected to be revoked following felony conviction, media reports say

Guns: No more permits and background checks

The post Trump stripped of gun rights after felony conviction appeared first on The Independent News.

Rivals beware: Trump suggests jailing adversaries

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In a fiery interview on Tuesday night, former President Donald Trump launched fresh attacks on writer E. Jean Carroll and hinted that his political rivals might soon face jail time.

As Trump awaits his sentencing on July 11, legal experts are debating whether his repeated violations of a gag order in the case will influence the judge’s decision.

The gag order prohibits Trump from commenting publicly about the jury, yet he appeared to defy this restriction again during the Newsmax interview.

Rivals BEWARE

In a twist, Trump addressed his past statements about his former Democratic rival, Hillary Clinton. “I said, ‘Wouldn’t it really be bad?… wouldn’t it be terrible to throw the president’s wife and the former secretary of state… put the president’s wife into jail?’” Trump recounted on Newsmax.

He implied that his political opponents are leading the country down a “terrible path” that might result in them facing jail time.

Trump didn’t hold back when discussing his recent guilty verdict and other legal battles. He vehemently denied ever meeting Carroll, despite a jury finding him liable for sexually abusing her in the 1990s and subsequently defaming her.

“I’ve never met this woman, I don’t know this woman,” Trump insisted, echoing statements central to the defamation cases against him.

Carroll has successfully sued Trump twice, winning $5 million in damages for the initial case and an additional $83.3 million in a subsequent defamation suit after his repeated attacks.

More lawsuits to come?

Despite posting a substantial bond while appealing the second case, Trump’s ongoing assaults on Carroll have prompted her attorney, Roberta Kaplan, to consider further legal action. Kaplan told The New York Times that “all options are on the table” regarding potential future lawsuits.

As Trump navigates a labyrinth of legal challenges, his latest comments and actions continue to stir controversy and keep his contentious relationship with the law in the spotlight.

Cover Photo: Depositphotos

Related Stories:

Trump Floats Jailing Political Enemies, Attacks E. Jean Carroll in Wild Interview

Trump’s Fresh Attacks on E. Jean Carroll Could Lead to Yet Another Multimillion-Dollar Defamation Lawsuit: “All Options Are on the Table”

Federal jury slams Trump with $83.3M payout in E. Jean Carroll legal saga

The post Rivals beware: Trump suggests jailing adversaries appeared first on The Independent News.