SG

The Singapore Government has announced that it will provide a one-time Assurance Payout of $900 to eligible Singapore citizens in August 2025. This initiative is aimed at helping households cope with rising living costs and economic uncertainties, offering immediate and direct financial relief. The payout will be deposited directly into beneficiaries’ registered bank accounts to … Read more

Starting 1 January 2026, significant updates to Singapore’s Central Provident Fund (CPF) will take effect, impacting both contribution rates and the Ordinary Wage (OW) ceiling. These adjustments aim to keep CPF aligned with wage growth, while helping Singaporeans — especially older workers — boost their retirement savings. CPF remains a cornerstone of Singapore’s retirement planning … Read more

In 2025, Singapore’s Public Transport Voucher (PTV) scheme continues to provide targeted financial assistance to households impacted by rising transportation costs. Now in its second phase of the 2024 exercise, the scheme offers a S$60 voucher to eligible households that missed the first phase of distribution. This initiative, jointly administered by the Ministry of Transport … Read more

From 2025, Singapore’s Ministry of Manpower (MOM) has introduced sweeping changes to the work permit system, aiming to strengthen the quality of its workforce while ensuring that Singaporeans remain the first choice for employment opportunities. These reforms are part of the government’s strategy to: Attract highly skilled talent. Reduce dependence on low-wage foreign labor. Promote … Read more