ST Explains: Inflation raises calls for CPF interest rates to go up, but higher rates - Printable Version
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ST Explains: Inflation raises calls for CPF interest rates to go up, but higher rates - RiseofAsia - 07-11-2022
https://www.straitstimes.com/business/inflation-raises-calls-for-cpf-interest-rates-to-go-up-but-higher-rates-may-not-benefit-everyone
RE: ST Explains: Inflation raises calls for CPF interest rates to go up, but higher rates - RiseofAsia - 07-11-2022
Then higher property price may also not benefit everyone.
Property price can rise uncontrollably but CPF rate can remain stagnant for donkey years and cannot rise..
RE: ST Explains: Inflation raises calls for CPF interest rates to go up, but higher rates - Notdumb - 07-11-2022
Higher rates will be bad for the poor.
RE: ST Explains: Inflation raises calls for CPF interest rates to go up, but higher rates - RiseofAsia - 07-11-2022
(07-11-2022, 03:26 PM)Notdumb Wrote: Higher rates will be bad for the poor.
Shd be bad for the rich.
RE: ST Explains: Inflation raises calls for CPF interest rates to go up, but higher rates - Notdumb - 07-11-2022
(07-11-2022, 03:30 PM)RiseofAsia Wrote: Shd be bad for the rich.
Only gst is good for the poor.
RE: ST Explains: Inflation raises calls for CPF interest rates to go up, but higher rates - sogo - 07-11-2022
so we must subsidize those that borrow alot?
RE: ST Explains: Inflation raises calls for CPF interest rates to go up, but higher rates - RiseofAsia - 07-11-2022
(07-11-2022, 03:33 PM)Notdumb Wrote: Only gst is good for the poor.
GST is a poor man tax, how can it be good for the poor?
Even poor will need to pay GST.
RE: ST Explains: Inflation raises calls for CPF interest rates to go up, but higher rates - Wy:Nox - 07-11-2022
Can the Snr Correspondent Chor dare to specify higher interest do not benefit which group? Temasek?
RE: ST Explains: Inflation raises calls for CPF interest rates to go up, but higher rates - Instinct - 07-11-2022
(07-11-2022, 03:24 PM)RiseofAsia Wrote: https://www.straitstimes.com/business/inflation-raises-calls-for-cpf-interest-rates-to-go-up-but-higher-rates-may-not-benefit-everyoneIt won't benefit Temasek and those that borrow alot of money from CPF to buy house.
RE: ST Explains: Inflation raises calls for CPF interest rates to go up, but higher rates - Instinct - 07-11-2022
CPF money is for retirement and high interest is to fight against inflation. Only the govt is finding excuse not to raise interest rates for CPF.
RE: ST Explains: Inflation raises calls for CPF interest rates to go up, but higher rates - Sticw - 07-11-2022
Singapore is the most democratic country by voting and make believed front, most socialistic country by policy on paper and definitely a dictatorship by rule in all angles. Lol
Told you they say up CPF interest is bad. But up CPF min sum is a must to fight inflation. Up gst is a must to help the poor. Estate tax is difficult and complicated (but estate tax has been there until just before Mrs lky passed away, so why so difficult to reinstate it now?)... Up civil service and politicians pay by few percentage points is justified but up a couple of dollars to help low income in social welfare or suggesting min income for them is not the right thing to do ..
By now everyone should know the map has been wrong. This is actually North Korea and Kim is just running a side show following our supreme leader's commands. Lol
RE: ST Explains: Inflation raises calls for CPF interest rates to go up, but higher rates - Scythian - 07-11-2022
(07-11-2022, 03:26 PM)Notdumb Wrote: Higher rates will be bad for the poor.
.
If so, Then, cut OA interest rate from 2.50% to 1.50% pa.
CPF savings are $$$ locked in for over 35-45 years
RE: ST Explains: Inflation raises calls for CPF interest rates to go up, but higher rates - Scythian - 07-11-2022
(07-11-2022, 08:50 PM)Instinct Wrote: It won't benefit Temasek and those that borrow alot of money from CPF to buy house.
Temasek posts 24.5% one-year return; posts record investments and divestments
CLAUDIA TAN
The Business Times
RE: ST Explains: Inflation raises calls for CPF interest rates to go up, but higher rates - Scythian - 07-11-2022
(07-11-2022, 11:41 PM)Scythian Wrote: Temasek posts 24.5% one-year return; posts record investments and divestments
CLAUDIA TAN
The Business Times
CPF CEO pays 4.1 mio members only one % (IE 2.50%) of what Temaseks one year ROI 24.5%.
Are CPF elderly and pensioners demanding too much from CPF CEO?
RE: ST Explains: Inflation raises calls for CPF interest rates to go up, but higher rates - Ahnya - 07-11-2022
(07-11-2022, 08:32 PM)Wy:Nox Wrote: Can the Snr Correspondent Chor dare to specify higher interest do not benefit which group? Temasek?
The ones who got HDB loans.