DIRS.INFO top alerts submit data jurnalism about API
login
Top related persons:
— - 2 Vanessa Tai - 1 They're - 1 hadn't - 1 It's - 1 we're - 1 it's - 1 We're - 1
Top related locs:
Singapore Europe Croatia Holland Village Holland Sengkang we're
Top related orgs:
Central Provident Fund - 2 DBS - 1 Service - 1 Board - 1 Housing - 1 Google - 1

Search resuls for: "Central Provident Fund"


3 mentions found


☆ Singapore's gig workers are its most financially stretched group, DBS study says
  + stars: | 2023-07-14 | by ( Goh Chiew Tong | ) www.cnbc.com   time to read: +1 min
A DBS study conducted in May 2023 found that gig workers were the most financially stretched, with relatively less stable income flows and savings declining year on year to an "unhealthy range." High inflation and interest rates have diminished the purchasing power of Singaporeans — and gig workers and low-income individuals are the most affected. That's according to a new DBS study conducted in May 2023, which analyzed its database of about 1.2 million customers. In Singapore, gig workers are generally self-employed. The expense-to-income ratio of gig workers was 112% in May 2023 — "significantly higher" than the median customer's 57%, DBS said.
Persons: — Organizations: DBS, Central Provident Fund Locations: Singapore
☆ We're a millennial couple in Singapore, where real-estate prices are skyrocketing. House hunting was surprisingly easy.
  + stars: | 2023-06-02 | by ( Amanda Goh | ) www.businessinsider.com   time to read: +5 min
For about a year, he lived with me and my family in our five-room Housing Development Board flat in Holland Village. Housing Development Board flats are public housing, and they're home to about 80% of the country's resident population. The seller's agent told us the Housing Development Board valuation was SG$430,000, and we ended up making an offer of SG$445,000, which was accepted. After the down payment, most people either take a Housing Development Board loan or a bank loan to finance their homes. The Housing Development Board interest rate is fairly stable and has stayed at 2.6% a year for a few years now, though the Housing Development Board acknowledges that it may be adjusted over the year.
Persons: Vanessa Tai, —, They're, hadn't, It's, we're, it's, We're Organizations: Service, Board, Housing, Google, Central Provident Fund Locations: Europe, Singapore, Croatia, Holland Village, Holland, Sengkang, we're
☆ Grab, Gojek are 'supportive' of Singapore's move to expand job protection for gig workers
  + stars: | 2022-11-24 | by ( Sheila Chiang | ) www.cnbc.com   time to read: +1 min
Southeast Asian tech giants Grab and Gojek said they are "supportive" of recommendations made by an advisory committee to expand gig worker protection in Singapore starting in 2024. In Singapore, platform or gig workers, often ride-hailing or food delivery drivers, have thus far been considered self-employed. As a result, they do not receive employer contributions to the Central Provident Fund, the national pension savings scheme. As of 2020, the city-state's Ministry of Manpower estimated that such workers made up about 3% of the resident workforce, or 79,000 people. Under the CPF measure, both platform workers and platform companies such as Grab, Gojek, Foodpanda and Deliveroo will need to make contributions at the same rate as employees and employers.
0 next >>
Total: 3