Income was a co-operative when it was created in 1970 as NTUC Income Insurance Co-operative Limited. Under Section 88 of the Co-operative Societies Act, if a co-op is wound up, members will be paid their capital and dividends up to a cap. Beyond this limit, any surplus funds will be transferred to the Cooperative Societies … Read more
SINGAPORE: Strong winds and heavy rain swept across Singapore on Tuesday night (Sep 17), toppling trees in various places. The sudden storm was likely brought about by a Sumatra squall, experts told CNA. What is this weather phenomenon and how often does it happen? What is a Sumatra squall? A squall is simply a sudden burst … Read more
What led to Hasina’s resignation? Barton noted that Hasina’s 15 years of rule were marred with concerns about election fraud, corruption, nepotism and authoritarian crackdowns. “There generally seemed to be a democratic backsliding. So there were lots of deep-rooted causes for anger, of which the civil service quota was just one,” he said. Barton said … Read more
.jpg?itok=ArB1D47d "CNA Explains: What the settlement between AHTC, SKTC and WP leaders means")
This was seen as a legal win for the defendants. However, the costs order was only for the appeals on liability, which the defendants largely won, and the costs for the trial itself had not been decided. The trial judge was to decide on costs for the trial after determining damages. SKTC had confirmed in … Read more
What if the driver wasn’t insured – or can’t be found? Claimants will still get their money in such cases, said Mr Shergill. In 1975, the Minister for Finance entered into an agreement with all motor insurers, under which the Motor Insurer’s Bureau of Singapore (MIB) will compensate such victims, he pointed out. “In situations where … Read more
SINGAPORE: Interest rates in the United States could stay unchanged because inflation has not improved enough. US Federal Reserve chairman Jerome Powell said it would likely take longer than previously expected to gain the “greater confidence” needed to start cutting rates. Singapore’s interest rates are determined by global rates and foreign exchange market expectations. That means … Read more
Who’s affected, and how? One group to be impacted is CPF members who have already saved the Full Retirement Sum. Their Special Account funds and any new contributions will be channelled to their Ordinary Accounts, where they can withdraw any amount on demand. But as pointed out, they will earn lower interest rates than if … Read more
What’s next for the party? Addressing media on Wednesday, Move Forward’s leader Chaithawat Tulathon warned that the ruling could make the royal institution increasingly “a factor behind conflicts in Thai politics”. Former party leader Pita Limjaroenrat also bemoaned a “lost opportunity for us to use the parliament to find a consensus for such an important and sensitive … Read more
Politics expert James Chin of the University of Tasmania echoed similar sentiments, pointing out that it was in the interest of many Malaysians for the federal government’s handling of the matter to be divulged fully. “I think this is one of those issues which the Malaysian public want a full accounting of,” he said. “It’s … Read more
Why is this happening? Observers attributed China’s latest population decline to a wave of pandemic deaths early in 2023, after the world’s second largest economy abruptly dismantled its strict zero-COVID regime. Last year, overall deaths went up 6.6 per cent to 11.1 million, with the death rate reaching its highest level since 1974 during the Cultural … Read more
