The move is meant to help senior workers build up their retirement savings, said PM Wong. Read more at straitstimes.com.

BETWEEN 1961 and 2024, Singapore’s average inflation was 2.6 per cent; and in the past four years, 3.9 per cent. This is the pace at which the cost of living is rising, faster than the nominal 2.5 per ...

SINGAPORE is still studying the idea of a Central Provident Fund (CPF) retirement investment scheme, to see if such a programme can be designed to provide certainty of greater returns while minimising ...

This CPF change may seem minor, but it makes a difference in terms of how much interest ... The first option is not optimal as 2.5% can barely allow you to beat the long-term inflation rate of 2% to 3 ...