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Friday, May 30, 2014

Singapore

PM Lee addresses key issues

tabla! | Friday, May 30, 2014

Mr Lee also set out the three ways the Government will help Singaporeans be more financially secure in their retirement years.

SINGAPORE- It is very important for Singapore to get its politics right because constructive politics will help it scale new heights, but wrong politics will doom it, said Prime Minister Lee Hsien Loong on May 28 as he joined the ongoing debate in Parliament over constructive politics, first mentioned in the President's Address on May 16.

Mr Lee criticised Workers' Party chief Low Thia Khiang's May 26 speech and responded to Mr Low's point "that whatever way 'politics' is described and coloured, it is still politics". Mr Lee said: "Politics cannot just be about politics alone. Singaporeans' lives and Singapore's future are at stake."

Mr Lee also touched on the country's transport system. He said the Government will continue to subsidise and invest resources to improve the public transport system. However, commuters must also be prepared to pay their share, he added.

Public transport issues have been a bugbear of late, with several MPs commenting that it is an area the Government needs to work on.

"Our aim is not just to have more buses and trains running, but to build a first-class public transport system," he said.

Mr Lee also set out the three ways the Government will help Singaporeans be more financially secure in their retirement years.

First, the Government will work towards raising the re-employment age beyond 65 within a few years, to make it easier for those who wish to work longer to do so. Second, older Singaporeans will get help to unlock the savings in their flats.

And third, the Government is carefully studying how to improve the Central Provident Fund (CPF) and CPF Life annuity scheme so that payouts keep pace with cost of living.


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