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Post by om on Nov 24, 2013 19:46:57 GMT 7
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Post by me200 on Nov 24, 2013 20:32:21 GMT 7
A lot of CEOs can't even predict next 3 years business outlook, yet IES is mapping out beyond 2030.  Surprise to note that Malaysia per capita forecast USD23K in 2018? Malaysia per capita for 2013 is only USD10.3K, it must have CAGR 15% inorder to reach USD23K in 2018 time? Impossible! Malaysia boleh!  |
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Post by zuolun on Feb 21, 2014 0:41:52 GMT 7
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Post by oldman on Feb 21, 2014 20:06:35 GMT 7
Good chart showing that corporate taxes, GST and personal income tax are the highest contributors to the yearly $60 billion government coffers of roughly 22%, 17% and 13% respectively. Stamp duty accounted for 7% of government revenues. Interestingly, vehicle quota premiums and motor vehicle taxes contributed about 5% and 3% respectively. Also interesting is the projected reduction of stamp duty reduction from 7.09% to 4.77% for budget 2014. In 2008, the stamp duty was at its low of 3.48%. www.businesstimes.com.sg/bt_files/2014/budget2014_charts_140214/rev_percent.html |
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Post by zuolun on Jun 10, 2014 7:38:11 GMT 7
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Post by zuolun on Sept 17, 2014 18:05:48 GMT 7
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Post by oldman on Oct 2, 2014 20:06:47 GMT 7
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Post by kenjifm on Oct 3, 2014 1:35:43 GMT 7
The hard truth is some people would prefer to get low pay which come with short work hours job so as to be eligible for Government Subsidy like cheap rental for lodging, school subsidy on text books for children.
This means whatever they earn would have to be utilize for living expenses without savings, low pay high expense equal no savings.
Some would even request no cpf contribution and would not take up the job if cpf have to be in forced, which is bylaw required.
Bylaw these people who refuse cpf rules cannot be hired and is not wise to hire them in case they twist their words that the employer are the one who suggest the law breaking.
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Post by firecrest on Oct 3, 2014 8:01:06 GMT 7
The hard truth is some people would prefer to get low pay which come with short work hours job so as to be eligible for Government Subsidy like cheap rental for lodging, school subsidy on text books for children. This means whatever they earn would have to be utilize for living expenses without savings, low pay high expense equal no savings. Some would even request no cpf contribution and would not take up the job if cpf have to be in forced, which is bylaw required. Bylaw these people who refuse cpf rules cannot be hired and is not wise to hire them in case they twist their words that the employer are the one who suggest the law breaking. Hi Kenjifrm, I do agree that some people prefer to get low pay. According to this report, lkyspp.nus.edu.sg/wp-content/uploads/2013/06/straitstimes.com-The_invisible_poor.pdf , the number of household living in poverty is quite significant. What Spore need to do is to measure poverty and combat them. Large scale poverty will cause social unrest. |
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Post by pain on Oct 3, 2014 8:49:26 GMT 7
The hard truth is some people would prefer to get low pay which come with short work hours job so as to be eligible for Government Subsidy like cheap rental for lodging, school subsidy on text books for children. This means whatever they earn would have to be utilize for living expenses without savings, low pay high expense equal no savings. Some would even request no cpf contribution and would not take up the job if cpf have to be in forced, which is bylaw required. Bylaw these people who refuse cpf rules cannot be hired and is not wise to hire them in case they twist their words that the employer are the one who suggest the law breaking. Kenji, I did notice some housewives took on short work hours jobs balancing their work life / home commitments. However, without realising one full potential in career growth and with the purpose of obtaining subsidies / grants seems a bit foolish to me. I understood some people will prefer shorter work weeks or even working part time. This can be possible if one has a home business or some other streams of income to support the living style. Another possibility is the person is taking a short break before embarking on a career move. Freelancers, part timers, subcontract persons, temporary staffs and person on contract assignment basis are not required by law to contribute to CPF. Hence, for employers, they have to scrutinise the scope of employment / tasks before taking the particular persons for the works. Yet, as pointed rightly by you, some employers do accede to requests not to contribute CPF and gives the cash instead. My 1 cent opinion. |
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Post by kenjifm on Oct 3, 2014 14:09:36 GMT 7
An employee is entitled to CPF contributions if they meet the following conditions: He/she is a Singaporean or Singapore Permanent Resident (SPR) He/she earns more than $50/-(1) in a month. - See more at: www.mom.gov.sg/employment-practices/employment-rights-conditions/workright/Pages/cpf-contributions.aspx#sthash.iqCr7IsV.dpufCPF is payable for the following employees: Full-time employees Part-time employees/ casual workers Employees who work on a temporary/contract basis Employees on probation or in their last month of employment Employee on concurrent employment (i.e. working for more than one employer in a month) Students (Secondary Schools and Junior Colleges) who work outside their gazetted school holidays2 Tertiary students (Polytechnics, ITEs and Universities) who work3 Operationally Ready National Servicemen who are on in-camp training Company directors who are drawing wages Family workers who are receiving wages for work done for the proprietor - See more at: www.mom.gov.sg/employment-practices/employment-rights-conditions/workright/Pages/cpf-contributions.aspx#sthash.iqCr7IsV.dpuf(1) Applicable for employees aged 35 years and below. 2 CPF contributions are payable for students who work in November/December after completing their GCE ‘A’ level examinations. 3 CPF is not payable for registered students employed during vacation or term, under training programmes approved by the following institutions: National University of Singapore, Nanyang Technological University, Singapore Management University, Nanyang Polytechnic, Ngee Ann Polytechnic, Republic Polytechnic, Singapore Polytechnic, Temasek Polytechnic, Republic Polytechnic or Institute of Technical Education. - See more at: www.mom.gov.sg/employment-practices/employment-rights-conditions/workright/Pages/cpf-contributions.aspx#sthash.iqCr7IsV.dpufDefinition of an Employee An employee is any person who is employed in Singapore and any Singaporean seaman who is employed by an employer under a Contract of Service or other agreement entered into in Singapore. Some of the factors which form the contract of service are: the control over payment, duration of work, dismissal, substitution of workers and method of work. - See more at: www.mom.gov.sg/employment-practices/employment-rights-conditions/workright/Pages/cpf-contributions.aspx#sthash.iqCr7IsV.dpufpain, do you have any link that can tell the exemption of cpf contribution? |
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Post by pain on Oct 3, 2014 16:27:08 GMT 7
An employee is entitled to CPF contributions if they meet the following conditions: He/she is a Singaporean or Singapore Permanent Resident (SPR) He/she earns more than $50/-(1) in a month. - See more at: www.mom.gov.sg/employment-practices/employment-rights-conditions/workright/Pages/cpf-contributions.aspx#sthash.iqCr7IsV.dpufCPF is payable for the following employees: Full-time employees Part-time employees/ casual workers Employees who work on a temporary/contract basis Employees on probation or in their last month of employment Employee on concurrent employment (i.e. working for more than one employer in a month) Students (Secondary Schools and Junior Colleges) who work outside their gazetted school holidays2 Tertiary students (Polytechnics, ITEs and Universities) who work3 Operationally Ready National Servicemen who are on in-camp training Company directors who are drawing wages Family workers who are receiving wages for work done for the proprietor - See more at: www.mom.gov.sg/employment-practices/employment-rights-conditions/workright/Pages/cpf-contributions.aspx#sthash.iqCr7IsV.dpuf(1) Applicable for employees aged 35 years and below. 2 CPF contributions are payable for students who work in November/December after completing their GCE ‘A’ level examinations. 3 CPF is not payable for registered students employed during vacation or term, under training programmes approved by the following institutions: National University of Singapore, Nanyang Technological University, Singapore Management University, Nanyang Polytechnic, Ngee Ann Polytechnic, Republic Polytechnic, Singapore Polytechnic, Temasek Polytechnic, Republic Polytechnic or Institute of Technical Education. - See more at: www.mom.gov.sg/employment-practices/employment-rights-conditions/workright/Pages/cpf-contributions.aspx#sthash.iqCr7IsV.dpufDefinition of an Employee An employee is any person who is employed in Singapore and any Singaporean seaman who is employed by an employer under a Contract of Service or other agreement entered into in Singapore. Some of the factors which form the contract of service are: the control over payment, duration of work, dismissal, substitution of workers and method of work. - See more at: www.mom.gov.sg/employment-practices/employment-rights-conditions/workright/Pages/cpf-contributions.aspx#sthash.iqCr7IsV.dpufpain, do you have any link that can tell the exemption of cpf contribution? Kenji, The main word for employee is Contract of Service. However, companies nowsaday are quite 'innovative'. They can park a temporary worker / students, etc. under a Contract for Service i.e. basically they are treating them as a subcontractor with a subcontract agreement and thus no CPF is mandatory. If a worker is engaged under a Contract of Service, then he is an employee as defined in your writing. Hence, you can see creative accounting in business world and at same time, creative hiring practices. |
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Post by zuolun on Oct 4, 2014 12:15:43 GMT 7
It is criminal to force our young into huge debt — 5 Oct 2012 "Do not follow the ideas of others, but learn to listen to the voice within yourself. Your body and mind will become clear and you will realize the unity of all things." - Dogen Zenji (道元禅師) Japanese Buddhist monk and philosopher 1200-1253. 
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Post by zuolun on May 5, 2015 15:20:00 GMT 7
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