View Full Version : National Day Rally Speech
Guess all the messages may just add up to what PM going to deliver:
S'pore will lose vitality and drive without immigrants, says Lee Kuan Yew
•S'poreans have to choose the kind of politics they want, says ESM Goh
•S'pore will lose vitality and drive without immigrants, says Lee Kuan Yew
•PE: Voters should scrutinise candidates closely, says ESM Goh
Transport is the other issue.
Eastern regions line mrt location ? Is that what u mean, dc33 ?
http://www.asiaone.com/News/AsiaOne%2BNews/Singapore/Story/A1Story20110814-294365.html
PM Lee to address housing, education and jobs
AsiaOne
Sunday, Aug 14, 2011
Prime Minister Lee Hsien Loong will later today speak about housing, education and jobs in his National Day Rally 2011 speech.
The Straits Times reported that the rally will address issues highlighted in May's General Elections.
The*Prime Minister's press secretary, Mr Chen Hwai Liang said in a statement yesterday that PM Lee will address how individuals and the community can help build a better Singapore.
RELATED STORIES
PM Lee to deliver National Day Rally speech this Sunday
He will also speak about*the Government's plans to improve social safety nets.
The rally will begin at 6.45pm this evening.
PM Lee will first speak in Malay, then in Mandarin. There will be a half hour break before he speaks in English from 8 - 10pm.
Catch the highlights and updates from the speech at AsiaOne.com. Local television channels and radio stations will broadcast the rally 'live'.
You can also watch the webcast of the rally on websites of the Prime Minister's Office (www.pmo.gov.sg) or REACH (www.reach.gov.sg/ndrsg).
Alternatively, you can watch the "mobile" webcast by going to www.ndr.sg on your smartphones' web browser.
PM Lee will deliver the National Day Rally 2011 speech at the University Cultural Centre at the National University of Singapore.
Hopefully PM rally will not be another threatening session like "hard times coming, better do XYZ, if not...", & or " better vote wisely, or else...". Wonder if he reveal any good news...or any apology for MP Penny Low's blatant disregard for the National Anthem....
Hopefully PM rally will not be another threatening session like "hard times coming, better do XYZ, if not...", & or " better vote wisely, or else...". Wonder if he reveal any good news...or any apology for MP Penny Low's blatant disregard for the National Anthem....You will soon find out lor! :spliff:
Max 10k for BTO and 12k for EC.
Recall highlights of 2010 National Day Rally speech..., which include CM:
http://www.businesstimes.com.sg/sub/...01632,00.html?
Published August 30, 2010
Another dousing to cool property market
More flats to be built; govt looking at measures on resale deals and private housing
By CONRAD TAN
(SINGAPORE) The government will take further action to cool the property market and curb speculation in the resale market for HDB flats, including building 22,000 new public homes next year - up from 16,000 this year, Prime Minister Lee Hsien Loong said last night.
'We've twice acted to cool the market - once last year, and once in February this year - but the prices are still rising,' Mr Lee said in his National Day Rally speech. 'I think we need to do more.'
The National Development Ministry is expected to announce more details this morning, before the stock market opens.
'I don't want to go into the details tonight, otherwise you will remember nothing else about my speech,' Mr Lee said, drawing laughter from the audience at the University Cultural Centre at the National University of Singapore.
Private-home prices have risen 38 per cent in the year to the second quarter, according to an index compiled by the Urban Redevelopment Authority.
Prices rose 5.3 per cent in the second quarter, only slightly slower than the 5.6 per cent increase in the first quarter. The prices of HDB flats in the secondary, or resale, market have also risen sharply in recent months.
The government will tighten rules that allow private-property owners to buy an HDB flat in the resale market, and then sell it soon after. 'Quite a number' of private-property owners have bought HDB resale flats and then sold them after a year or two, Mr Lee said. 'I think we should tighten the rules further, so that it's quite clear that HDB flats are meant primarily for owner-occupation.'
The surge in property prices in Hong Kong and Singapore is in part 'a reflection that there's a lot of liquidity flowing to Asia', which has weathered the financial crisis better than the United States and Europe, said Selena Ling, an economist at OCBC Bank.
Ten days ago, the Hong Kong government announced more measures to curb speculation in its own red-hot property market, including raising the supply of land for sale and barring the resale of new condominiums before the properties are delivered.
The government will also allow Singaporean households who earn $8,000-$10,000 a month to buy HDB flats under its design, build and sell scheme (DBSS). Such households often can't afford private homes, but could previously buy only executive condominiums from HDB, since they earned more than $8,000. The government will release more land for executive condos and DBSS flats to ensure adequate supply, Mr Lee said.
Elsewhere in his wide-ranging speech, Mr Lee strove to reassure Singaporeans that the government would put their needs first, emphasising efforts to sharpen the distinctions between citizens, permanent residents and non-residents, as well as to protect Singaporeans' jobs.
He hinted that the foreign-worker levy that employers of foreign workers must pay could rise beyond the levels already announced in February, making it more attractive for firms to hire local workers where they can.
'The levies are going up, they're going to go up further - and I think they'll have to go up further beyond that in the longer term, or maybe the not so long term,' he said. 'Some employers may feel the pinch, but it is necessary because we need to manage the inflow and not have an indefinite number' of foreign workers, he said.
Mr Lee also announced a new award, totalling $9,000, to recognise the national-service contributions of Singaporean men.
The sum will be paid in tranches at 'major milestones' of an NSman's service into his Post-Secondary Education and Central Provident Fund accounts, Mr Lee said. The award is for citizens only; permanent residents who have done national service will receive the award when they take up citizenship. The Defence Ministry is expected to announce details this week.
The government also expects to pay out some $400 million to 400,000 Singaporeans who qualify for the Workfare Income Supplement scheme for low-wage workers aged 35 or older this year, Mr Lee said. That scheme, too, is for Singaporeans only, and puts them at an advantage over low-wage foreigners here, he noted.
'But the protection can only go so far,' he added. 'If you lack the skills or are not competitive, then it doesn't matter how high the foreign-worker levy is, or how generous the Workfare is, the jobs are still going to go elsewhere.'
Max 10k for BTO and 12k for EC.
Ok this is done. Now it's very interesting to see how mass market segment reacts on this
Allthepies
14-08-11, 20:59
Ok this is done. Now it's very interesting to see how mass market segment reacts on this
Dbss price cheong up, ec price cheong up, mass market no choice but to cheong too :D
Dbss price cheong up, ec price cheong up, mass market no choice but to cheong too :D
i think mass market will stabilise or drop - less demand. Whatever little demand left in this market goes to DBSS and ECs...
what's worse is that with this "Singaporeans First" policy (which I do support)...FT will be less attracted to Singapore = lagi less demand for mass market.
Dbss price cheong up, ec price cheong up, mass market no choice but to cheong too :DHas DBSS been restored or still under review?
Ok this is done. Now it's very interesting to see how mass market segment reacts on this
Congrats to those who bought new private properties close to EC prices in last six mths. Ceiling raised will mean private prop needs to command a gap.
Dbss price cheong up, ec price cheong up, mass market no choice but to cheong too :D
Developers happy...can up prices since higher income ceiling mean these buyers can pay more!
Geylang OKT
14-08-11, 23:57
Ok this is done. Now it's very interesting to see how mass market segment reacts on this
They are going to lose market share for this segment going back to the subsidised HDB and EC market :D
You can be very sure the developers will raise the price of EC and government will also raise the price of HDB. The yardstick is affordability. Currently HDB and EC are affordable, so if income ceiling is raised by $2k or 20% from $10k, it allows a maximum rise of 20%. My estimation is at least 10% price increase for ECs. ECs are now at about 10-20% discount from 99LH mass market pte condo. The net effect is to cushion against any price fall of 99LH pte condo. The only way forward for 99LH pte condos not located near MRT is to become stagnant.
Sim Lian launched a DBSS few months back in Tampines (right in MBT GRC!), and the high price tag was in anticipation of the upward revision in income ceiling. However it failed to anticipate the public uproar due to mis-timing of its launch near election time and announcement of prices (how daring!).
Foreign-worker policies to be tightened
By Rachel Kelly | Posted: 14 August 2011 2216 hrs
Related News
*
SINGAPORE: The government will further tighten its policy on middle-income foreign workers, said Prime Minister Lee Hsien Loong on Sunday during his National Day Rally speech.
PM Lee said this was to address challenges at the workplace.
The measures include raising the salary thresholds for Employment Passes and tightening educational qualifications.
Details of the changes will be announced soon by the Ministry of Manpower.
Mr Lee said the ministry will work with tripartite partners to develop guidelines for fair and responsible recruitment and employment practices.
The change comes just a few months after the ministry raised qualifying salaries for foreign professionals and skilled workers.
Mr Lee said the issue in the middle-lower range arose because foreigners on Employment Pass work alongside Singapore's middle-level managers and executives
Mr Lee said Singapore may be seeing full employment, but Singa poreans still worry about competition from foreigners.
"One polytechnic student asked me this very direct question," Mr Lee said.
"He said 'you know you have the S Pass for people who are one level above the work permits; why do you set the S Pass qualifying salary at S$1800?'
"Why did he ask me that question? Because really, what he meant was, S$1,800 is less than what many diploma holders are earning.
"Diploma holders earn more than that, so if you set the level there, we are going to be having people who are earning less than us, but competing against us. Why do you let the foreigner compete directly against me?
"And I understand those feelings, but we need some non-Singaporeans to complement the Singaporeans and to make up our short falls."
From July 1, 2011, to qualify for S Pass, applicants' monthly salaries have to be S$2,000 or more, up from S$1,800.
Similarly, the qualifying salary thresholds for Q1, P2, and P1 Passes were raised to S$2,800, S$4,000, and S$8,000 respectively.
Mr Lee added small and medium sized enterprises must also be taken into consideration, as they often need foreign workers the most.
He cautioned tightening on foreign workers does not mean Singaporeans will automatically get better jobs or higher pay, and that slowing down the inflow of foreign workers means accepting slower economic growth.
Mr Lee said Singapore must stay open to the world, attracting global winners to invest here, and with diverse teams creating jobs and prosperity for Singaporeans.
-CNA/wk
Pls get ready for another round of inflation due to labour costs.
They are going to lose market share for this segment going back to the subsidised HDB and EC market :D
That will happen when up hve extremely high demand in. the area.Otherwise, it will drop instead of going up.
increasing the ceilings is an implicit agreement that what used to be cheap and affordable no longer true. Agreed inflation play a part.but hdb underbuilt, too many ft, r main cause.
As hyenergix said, it only lead to higher developer price .
Recall when government increased child care subsidy, child care center raise price, no relief to parents at all!!?
You can very sure the developers will raise the price of EC and government will also raise the price of HDB. The yardstick is affordability. Currently HDB and EC are affordable, so if income ceiling is raised by $2k or 20% from $10k, it allows a maximum rise of 20%. My estimation is at least 10% price increase for ECs. ECs are now at about 10-20% discount from 99LH mass market pte condo. The net effect is to cushion against any price fall of 99LH pte condo. The only way forward for 99LH pte condos not located near MRT is to become stagnant.
Sim Lian launched a DBSS few months back in Tampines (right in MBT GRC!), and the high price tag was in anticipation of the upward revision in income ceiling. However it failed to anticipate the public uproar due to mis-timing of its launch near election time and announcement of prices (how daring!).
Allthepies
15-08-11, 08:38
will rental go up now tat we r gg to have more higher paid FT? :D
will rental go up now tat we r gg to have more higher paid FT? :DYa, maybe can....
It is not just their salary. It is their housing allowance.
Ya, maybe can....
It is not just their salary. It is their housing allowance.Yes, those S,Q and P2 (new rule will be $2k, $3.8k, $4k) passes majority would be renting HDB and Mass market condos, not all have housing allowances. Those on P1 pass ( $8k )likely should have partial/full housing allowance
Rally did touch on transport..., think bus and mrt fares increase liao, so keep quiet on COE, becos PM got no solution and it's cash cow...for Gov.:doh:
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