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Clara Ng

Hakuna Matata

Clara Ng

Community Manager at Seedly

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Community Manager at Seedly

Clara Ng

Community Manager at Seedly

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In the News

Singapore General Elections 2020

Policies

What do you think about WP chief Pritam Singh saying that there is room for fair comment on population numbers?
Clara Ng
Clara Ng, Community Manager at Seedly
Level 6. Master
Answered 2d ago
Workers' Party (WP) chief Pritam Singh has questioned if Singapore Democratic Party (SDP) chief Chee Soon Juan's comment on population numbers should be labelled a falsehood. He added that there should be room for fair comment on the population target that Singapore is aiming for, since ministers have alluded in the past to the possibility of a larger population size. Mr Singh made the remarks during a morning walkabout in Punggol West with the party's candidate Tan Chen Chen, one day after the ruling People's Action Party said a key plank of the SDP's election campaign is based on a false claim that the Government plans to raise the country's population to 10 million. The PAP added that the honourable thing for SDP chief Chee Soon Juan to do would be to admit that his party's campaign was based on a falsehood, withdraw it, and apologise to Singaporeans for misleading them. In the SDP's Four Yes, One No campaign, the opposition party had pledged that one of the things it would do if elected would be to say "No to 10 million population". Weighing in, Mr Singh said the matter "seems to be an issue because of the nature of Pofma and the nature of falsehoods and how do we describe a falsehood". Referring to the Protection from Online Falsehoods and Manipulation Act (Pofma), he noted that the law defines a falsehood as a false statement of fact. He acknowledged that Foreign Minister Vivian Balakrishnan had said that Singapore was not even going to reach a population of 6.9 million. Source: The Straits Times
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In the News

COVID-19

Lifestyle

Entertainment

When can hotels be open for staycations again? And if hotels put in safe management measures, will you go for a staycation soon or would you wait?
Clara Ng
Clara Ng, Community Manager at Seedly
Level 6. Master
Answered 2d ago
Locals will soon be able to opt for staycations in hotels again as Singapore passes the one-month mark into into phase two of the post-circuit breaker period. Hotels are facing the worst occupancy rates in history, with foreign visitor arrivals to Singapore all but dried up due to the COVID-19 pandemic. The Singapore Tourism Board (STB) has announced that hotels may now apply to resume two activities: providing accommodation to guests for the purpose of leisure, and opening their recreation areas for children. But the STB said in its advisory that all must adhere to various safe management measures to do so. The STB said that the safe management measures that each hotel must comply with include reducing capacity and inter-mingling of hotel visitors in the hotel's lobby and guest facilities, such as disallowing more than five individuals from different households from gathering in any guest room. The hotel must also screen every individual for symptoms, including a fever or a runny nose, before allowing anyone to enter the hotel or each guest facility. It must also have in place rigorous cleaning and disinfecting regimes, and implement the national digital check-in system SafeEntry for every individual entering or leaving the hotel. For the hotel's function areas, the hotel is required, among other things, to identify hot spots for potential bunching of visitors and implement a control mechanism to prevent or disperse crowds. Source: The Straits Times
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In the News

Education

How quickly are schools being filled up for Primary 1 spots after the sibling registration in Phase 1 started and which are these schools? Parents, wondering which primary schools are your top picks?
Clara Ng
Clara Ng, Community Manager at Seedly
Level 6. Master
Answered 2d ago
Nineteen schools have had more than half of their Primary 1 (P1) places filled by siblings of pupils currently studying at those schools, after the first phase of registration. Princess Elizabeth Primary School topped the list, with 60 per cent of its places filled. Out of 200 spots, 120 were taken. Other schools with over half of their available P1 spots already filled are: Nan Hua Primary School, Radin Mas Primary School, Pei Hwa Presbyterian Primary School, Rosyth School, and Rulang Primary School. By comparison, only seven schools had filled more than half of their places after Phase 1 in last year's registration exercise. Phase 1 is reserved for children whose siblings are currently in the school they wish to attend. All children registered under this phase are guaranteed places in the schools. The results were announced by MOE on its website yesterday night (July 2). Another school, Kuo Chuan Presbyterian Primary School, has exactly half of its 240 P1 places filled. But some other popular schools still have more than half of their vacancies available. At CHIJ St. Nicholas Girls' School (Primary), 141 of its 210 places are available, while Ai Tong School still has 157 of 300 places up for grabs. Raffles Girls' Primary School has 181 out of 270 slots unfulfilled and St Joseph's Institution Junior has 180 of 240 vacancies available. Source: The Straits Times
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In the News

Stocks Discussion

SGX

Online Brokerages

Wondering what are the different stocks the community look at. What are some stocks to watch for today?
Clara Ng
Clara Ng, Community Manager at Seedly
Level 6. Master
Updated 3d ago
Ascendas Real Estate Investment Trust (A-Reit) The manager of A-Reit announced today an agreement to buy a new logistics property in Sydney, Australia for A$23.5 million (S$21.1 million). Units of A-Reit ended today at S$3.28. Singapore Airlines (SIA) With international travel still largely on hold, the SIA group has stored four more aircraft in Australia, taking the number of planes parked in Australia to 22, this according to The Business Times. SIA shares closed at S$3.85 today. Suntec Real Estate Investment Trust (Suntec Reit) Suntec Reit has bumped up its stake in Harmony Investors Group, which indirectly holds Suntec International Convention and Exhibition Centre, for a total of S$40 million. Units of the trust gained closed at $1.45 today. United Industrial Corporation (UIC) UIC chief executive officer and president Lim Hock San will retire on Sept 30 after 28 years in both roles, this according to the property group. Shares of UIC ended today at $2.23. Frasers Centrepoint Trust (FCT) Analysts are optimistic on FCT, believing that the suburban retail Reit's acquisition of an additional 12.07 per cent in PGIM Real Estate Asia Retail Fund will bring it closer to acquiring the assets held under the fund. Units of FCT closed at $2.34 today. Source: The Straits Times
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In the News

Singapore General Elections 2020

WP's Jamus Lim won the hearts of viewers last night for his stellar performance during the online debate. What do you think about Jamus's concluding statement that the WP are not denying PAP a mandate but a blank cheque?
Clara Ng
Clara Ng, Community Manager at Seedly
Level 6. Master
Answered 3d ago
The Workers' Party (WP) is not trying to deny the ruling People's Action Party (PAP) a strong mandate, said WP candidate for Sengkang GRC Jamus Lim yesterday. In all likelihood, the PAP will get this mandate by the end of the July 10 election, added Associate Professor Lim, an economist at Essec Business School, during a live debate broadcast on TV and online. "What we're trying to deny them is a blank cheque," he said. "That is what I think this election truly is about, so that we can actually have this kind of debate not just in a constrained form over a table but in the forum which was designed for this, which is Parliament. "I call on voters: If you believe in having all voices heard, if you believe that we succeed only when we have sound and rational debate about what matters, if you believe in the essence of a democratic, modern society for the 21st century, then we ask that you make your vote count, and that you will vote for the Workers' Party." Prof Lim, in his closing statement, said it was clear from the debate, which he said he had enjoyed, that the PAP "does not have a monopoly on the best ideas on how we should bring society forward". Responding, Foreign Minister Vivian Balakrishnan said he completely agreed with Prof Lim. "The PAP does not claim a monopoly on wisdom. The PAP is not afraid of an open contest of ideas. We do so in real life during campaigns, we do so online and we do it in Parliament." The minister noted that regardless of the election outcome, the next term of Parliament will have more opposition MPs than before. The minimum number of opposition, including Non-Constituency MPs, was raised from nine to 12 in 2016. Source: The Straits Times
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In the News

Savings

Savings Accounts

DBS Multiplier Account

DBS will cut interest rates on flagship Multiplier savings account again from Aug 1, amid a low interest rate environment and macro uncertainties. Will this push you to consider other banks instead?
Clara Ng
Clara Ng, Community Manager at Seedly
Level 6. Master
Answered 3d ago
Singapore's largest lender DBS will again this year cut rates on its flagship deposit account from Aug 1 amid a low interest rate environment and macro uncertainties. This comes two months after a set of rate revisions for the DBS Multiplier account that took effect on May 1. The DBS Multiplier account offers customers tiered interest rates that is stepped up if customers have more transactions with the bank, and transact in larger amounts. The determined rate is then applied on the account balance. The latest changes affect interest rates that are applied to account balances of up to the first $50,000. For example, when customers credit an income stream - defined as a salary, dividends, or both - into the Multiplier account and make just one more DBS transaction in an eligible category to total between $2,000 and $2,500 per month in transaction value, the interest rate for the first $25,000 will be halved to 0.7 per cent per annum from Aug 1, from 1.4 per cent per annum currently. It was previously 1.55 per cent per annum before May 1. Interest payouts for amounts where customers credit income and make two more DBS transactions in two separate eligible categories, will similarly be cut. Rates will be reduced across the board from Aug 1, for the first $50,000 in the account balance. For example, if a customer credits an income and makes two other transactions that add up to between $5,000 and $15,000, the interest rate applied on the first $50,000 will be reduced to 1.8 per cent per annum, from 2.2 per cent per annum. DBS also expanded the types of qualifying dividends that count as an income stream. For example, they will accept dividends of equities listed in all markets, and the bank's unit trusts. The bank will also accept dividends credited into a Supplementary Retirement Scheme (SRS) account, and in a CPF Investment Account. Earlier in June, DBS's banking peers OCBC and Standard Chartered also announced plans to slash rates on their respective savings accounts from July 1. Source: The Straits Times
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In the News

General

Singapore General Elections 2020

Policies

01 Jul | What's trending in the news today?
Clara Ng
Clara Ng, Community Manager at Seedly
Level 6. Master
Updated 4d ago
1.4 million Singaporeans to get $570 million in GST vouchers in August Eligible Singaporeans will receive text messages or letters to inform them of their benefits by July 3, this according to the Ministry of Finance (MOF) today (July 1). Around 1.4 million Singaporeans will receive cash payouts of up to $300, credited directly into their bank accounts from Aug 1. Those who have not provided their bank account numbers can do so at the GST Voucher website by July 22, and they will receive their payouts via bank transfer on Aug 1. The rest will receive cheques sent to their official address by Aug 17. The MOF added that a small number of citizens qualify for the benefits of the GST Voucher scheme, but have not signed up for the government payouts in the past. They will be invited to do so via SMS or a letter before May 31 next year. Singaporeans aged 21 and above, whose assessable income for year of assessment 2019 did not exceed $28,000, will get $150 or $300 depending on their home's annual value as at Dec 31, 2019. Those who own more than one property are not eligible for the GST vouchers. About 545,000 Singaporeans aged 65 and above in 2020 will also receive GST vouchers in the form of Medisave top-ups of up to $450 each from Aug 1. They will receive between $150 and $450, depending on their age and annual value of their home. Source: The Straits Times Singapore GE2020: Aljunied not owned by one party, issues bigger than fight between PAP and WP, says PAP team in Aljunied GRC The People's Action Party (PAP) Aljunied GRC team has said that Aljunied is "not owned by one party", and that the issues at hand, including the Covid-19 pandemic, are larger than a fight between the PAP and Workers' Party (WP). The team was asked to comment about residents adopting a "buy one get one free" mentality, with the PAP team having campaigned for nine years in the opposition-held GRC. Responding to reporters after a morning walkabout at a hawker centre in Bedok North Street 3, PAP candidate Alex Yeo said the focus remains on the residents. "(You can) see our track record over the past nine years - even when we couldn't find any government funds to tap, and even when we don't run a town council." The 41-year-old cited the example of how his team in Paya Lebar privately raised funds to build sheltered walkways for children studying at the Living Sanctuary Brethren Church and En-Naeem mosque kindergartens. Source: The Straits Times Singapore GE2020: WP's East Coast team expects 'a good fight' against PAP team led by Heng Swee Keat The Workers' Party (WP) team contesting East Coast GRC expects a good fight against its People's Action Party (PAP) rivals led by Deputy Prime Minister Heng Swee Keat, calling his inclusion in the PAP line-up a pleasant surprise. Mr Kenneth Foo, who is part of the WP's East Coast team, told reporters on Wednesday (July 1): "We were pleasantly surprised that Mr Heng actually made the move from Tampines GRC to East Coast GRC... He has been on national television, everyone knows he is the DPM, and we think that it will be a good fight." But the WP team will stay focused on its plan to work with and reach out to more residents in the area, said Mr Foo, 43, who ran in Nee Soon GRC in 2015, where his team lost to a PAP team led by Law and Home Affairs Minister K. Shanmugam. He said: "For the past five years, we have been ploughing the ground. We have worked with and (tried to) understand the residents, set up new programmes to help the residents." He added: "Although we are a new team here, the work has been consistently done." This marks the fourth time the WP is fielding a team in East Coast GRC. At the 2015 GE, it lost to a PAP team anchored by then Manpower Minister Lim Swee Say, with 39.3 per cent of the votes against PAP's 60.7 per cent. Source: The Straits Times What are your thoughts? Let's discuss! ūüėĀ
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Singapore General Elections 2020

What are the key highlights of PAP's manifesto? And what are your thoughts on the party's manifesto?
Clara Ng
Clara Ng, Community Manager at Seedly
Level 6. Master
Updated 6d ago
PAP's manifesto: Our Lives, Our Jobs, Our Future PM Lee emphasised that unlike a normal election where the manifesto would focus on the long-term plans for Singapore, the manifesto this time focuses on how the party will work together to overcome this crisis of a generation" given the COVID-19 pandemic. 3 key focus areas include: - Keeping Singaporeans and migrant workers safe from COVID-19 and keeping the disease from overwhelming the healthcare system - Restarting and transforming the economy, to save jobs and business, and reskill workers for new jobs - Providing care and support to one another amid the uncertainties and dangers What I liked about the PAP manifesto this election is that it’s COVID-19 centric. I think that it’s important to acknowledge that some long-term impacts of COVID-19 will last for a year or more and some initial longer-term plans might have to be put on hold to address these more urgent issues on-hand. If you're a voter, it will be good to look at the manifestos of the other opposition parties as well to get a better idea of what each party's plans are before casting your vote. In the meantime, you can read PAP's full manifesto here.
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COVID-19

In the News

General

Following news that we will be entering phase 2 of reopening, what would this mean for WFH arrangements? Do you think it's likely that more companies resume work in offices from July?
Clara Ng
Clara Ng, Community Manager at Seedly
Level 6. Master
Answered 3w ago
Hi Anon, While we will be gradually reopening our economy and this means more businesses will be able to resume operations and our lives gradually returns to normal, the Government continues to encourage employers to stick to WFH arrangements as the default. National Development Minister Lawrence Wong also pointed out that telecommuting is crucial to prevent COVID-19 spreads across the community. Not all companies will be granted permission to resume work in office overnight but it will be a matter of time life returns to normalcy, although not anytime soon.
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COVID-19

In the News

General

Career

Singapore's total employment sees biggest decline ever in Q1, with the number of people working, excluding maids, falling by over 25,000. Is this our bottom or is the worst yet to come?
Clara Ng
Clara Ng, Community Manager at Seedly
Level 6. Master
Updated 3w ago
Hi Anon, The number of people working, excluding maids, fell by 25,600 and that is our largest quarterly contraction ever in history. While foreign workers were mainly the ones who faced the brunt of it as they contributed to most of the cutbacks, local unemployment also fell as a result of sharper, unexpected dips in headcount for trade and tourism-related industries. The figure of 25,600 drop in employment is also higher than the estimated quarterly figure of 19,900. However, there is more bad news to come as this fall in employment is likely to increase further as it has yet to hit rock bottom, especially since circuit breaker measures only took effect in Q2. Manpower Minister Josephine Two was quoted saying that, “the full effects of Covid-19 certainly have not been felt in the first quarter." Hence, it seems that this is not our bottom yet and the worst has yet to come. Unemployment rates for citizens rose to 3.5 per cent in March this year, from 3.3 per cent in December - according to The Straits Times. Moreover, job vacancies have also fallen as companies are cutting back on hiring. Higher unemployment would also hurt our economy. A MAS quarterly survey has revealed that Singapore’s GDP is expected to shrink 5.8% this year and this would be our worst recession since independence. ! ! While Government measures such as the Jobs Support Scheme will be able to provide companies and workers with some support, it is crucial to also note that support may not be immediate and some will not be able to hold it out before it arrives. We will have to prepare for greater job losses before we see the effects of the Government’s quest to create more new jobs for job seekers. PS. Here’s a sidenote: This part isn’t directly related to the question but for those who are curious to know beyond an answer specific to this question, here are some key macroeconomic and other indicators for 2020 and how it is expected to change moving into the Q3. !
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