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The Central Provident Fund Board (CPFB), commonly known as the CPF Board or simply the Central Provident Fund (CPF), is a compulsory comprehensive savings and pension plan for working Singaporeans and permanent residents primarily to fund their retirement, healthcare, and housing [3] needs in Singapore. The CPF is an employment-based savings ...
Online Business Licensing Service (OBLS) is a one-stop portal for applying for the required Singapore government licences in a single online transaction. The service routes all applications to various government agency for processing. The World Bank has ranked Singapore first in the Ease of Doing Business Index. The OBLS system contributes to ...
The increase in income ceiling from S$4,000 to S$5,000 increases the coverage of the AHG from 50 to 60 percent of resident households. In addition, the condition of continuous employment preceding the flat application is reduced from two years to one year. In September 2019, AHG was replaced by the Enhanced CPF Housing Grants. [3]
Further, Central Provident Fund (CPF) money is used by the CPF Board to invest, as exclusive purchaser, in Special Singapore Government Securities (SSGS), with payments made into Past Reserves. [8] Current Key Statutory Boards: [9] Central Provident Fund Board (CPF) Housing and Development Board (HDB) Jurong Town Corporation (JTC)
Singapore is a country known for its highly efficient and centralised government system largely due to these statutory boards. [2] They play a significant role in the development and implementation of policies and programs in various sectors of the country.
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HDB residences in Bishan town. Public housing in Singapore is subsidised, built, and managed by the government of Singapore.Starting in the 1930s, the country's first public housing was built by the Singapore Improvement Trust (SIT) in a similar fashion to contemporaneous British public housing projects, and housing for the resettlement of squatters was built from the late 1950s.
William Farquhar, who served as the first resident of Singapore from 1819 to 1823. On 30 January 1819, Sir Stamford Raffles, an Englishman who was the Governor of Bencoolen (now Bengkulu, Indonesia), entered into a preliminary agreement with the Temenggung of Johor, Abdul Rahman Sri Maharajah, for the British East India Company to establish a "factory" or trading post on the island of Singapore.