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The Pioneer Generation Package (PGP) is a S$9 billion package launched by the Government of Singapore in 2014, aimed at helping pioneering Singaporeans to meet retirement adequacy. PGP is designed as a series of healthcare and social support schemes to show gratitude towards pioneer Singaporeans for their contributions to Singapore during the ...
As a pioneer status incentive the tax holder is exempted up to 70 percent tax of its statutory income therefore only 30 percent is being paid. [1] The incentive is available to companies engaging in business activities or in the production of promoted products and the Malaysian Investment Development Authority (MIDA) determines the promoted ...
In 2023, Trust bank had more than 500,000 customers, which is about 10 per cent of Singapore’s adult population. [7] In 2024, the bank had more than 800,000 customers. The deposit balance had surged from S$1.2 billion to more than S$3 billion. [8] The CEO Sadhu predicted that the bank can become profitable by the end of 2025. [8]
"Merdeka" signifies the years that Singapore had worked towards colonial self governance, independence and sovereignty. The Merdeka Generation (MG) had contributed to Singapore's progress from a developing to a developed country and the challenging times such as major financial crisis, September 11 attacks, and the SARS outbreak in Singapore. [2]
The MAS Electronic Payment System, or MEPS in short, is an SGD-only online interbank payment and fund transfer system in Singapore. [1] It went online in July 1998, and is owned and operated by the Monetary Authority of Singapore (MAS). The irrevocable transfer of funds and the real-time nature of transfers are some of the key features of MEPS.
The Monetary Authority of Singapore or (MAS), is the central bank and financial regulatory authority of Singapore. It administers the various statutes pertaining to money, banking, insurance, securities and the financial sector in general, as well as currency issuance and manages the foreign-exchange reserves .
Hoo was hailed as "one of the most influential Chinese (Cantonese) tycoons in Singapore". [10] He was awarded the Order of St Michael and St George , Class Companion (CMG). [ 11 ] In 1869, he became the first Asian member of the Legislative Council and within a few years, he was made an extraordinary member of the Executive Council , the only ...
Cedric Foo Chee Keng (Chinese: 符致镜; pinyin: Fú Zhìjìng; born 16 July 1960) is a Singaporean former politician.A member of the governing People's Action Party (PAP), he was the Member of Parliament (MP) representing the Pioneer division of West Coast GRC between 2001 and 2011, and Pioneer SMC between 2011 and 2020.