News
MediSave Required Amount To Be Raised to $18,000
From 1 January 2009, the Required Amount for MediSave will be raised from the current $14, 000 to $18,000, after adjusting for inflation. The Required Amount will increase by $2,500 (in 2003 dollars) each year until it reaches $25,000 (in 2003 dollars) on 1 January 2013.
Source: CPF Board
NTU & NUS Among Asia’s 30 Best Asia Universities List
US News & World Report just came out with its rankings of the best universities in the World. NUS is ranked No. 4 in Asia; and NTU No. 12. Singapore’s got the world’s best universities! Aren’t you proud?
1 University of Tokyo, Japan
2 Kyoto University, Japan
3 University of Hong Kong, HK
4 National University of Singapore (NUS) (more…)
Income Tax Act Amended & Enhanced
Via CNA,
The Income Tax Act has been amended and enhanced to better help Singapore achieve economic and social objectives.
The key takeaway are:
- Qualifying Child Relief will be doubled to S$4,000.
- Handicapped Child Relief will be raised to S$5,500.
- Working mothers will also be able to claim up to 100% of earned income for all qualifying Singaporean children including the fifth child and beyond.
- The cap for the total amount claimable for all three relief schemes in respect of the same child has been doubled to S$50,000.
- For the S$5,000 Parenthood Tax Rebate, it will be extended to the first child.
- Parents can also get S$20,000 for each child beyond the fourth one.
Obama’s Victory Speech: “Change has come to America”
Barack Obama’s presidential acceptance speech. Obama gives victory speech November 4th 2008 at Grant Park. Barack Obama wins 44th president of United States Of America.
Obama Acceptance Speech HQ (Part 2) (more…)
Revised ERP Rates on ERP-Priced Roads, Expressways & Starting ERP Rates for PIE Before Eunos from 3 Nov 2008
The Land Transport Authority (LTA) has completed its quarterly review of traffic conditions on Electronic Road Pricing (ERP)-priced roads and expressways. (more…)
The First Dormitory for Maids Opens on Nov 1 2008
The first dormitory for maids is set to open its doors on November 1, but so far, no maid agencies have signed up to house their maids there.
The dormitory in Woodlands can house up to 400 maids with a boarding charge of S$25 per maid a day.
SingTel Land Line Telephone Rates To Be Raised in 2009; Get Your $10 Credit Vouchers
SingTel fixed telephone line customers will have to pay an additional $10 a year in subscription rates starting from 1 January 2009 (increase of 83 cents a month). (more…)
