The ITE Progression Award (IPA) is a vital initiative designed to support Singaporean ITE graduates as they transition to higher education.Launched in 2024, this funding opportunity offers eligible graduates financial assistance of up to $15,000, making it easier to pursue a diploma at various institutions including ITE itself, local polytechnics, and renowned arts schools like Nanyang Academy of Fine Arts and Lasalle College of the Arts.
CPF
MPF System: Balancing Retirement and Nonretirement Uses
The MPF system, or Mandatory Provident Fund, is a key component of Hong Kong’s retirement framework, designed to help the workforce build a solid financial foundation for their golden years.Established to ensure that individuals accumulate sufficient savings through consistent MPF contributions from both employers and employees, this system plays a vital role in the financial security of retirees.
Charoen Pokphand Foods Expands Processed Food Offerings
Charoen Pokphand Foods (CPF) Plc is poised to enhance its offerings of processed food this year, capitalizing on the rising demand driven by increased tourism and robust export opportunities.With processed food currently accounting for 22% of CPF’s total revenue—approximately 50-60 billion baht—the company is strategically focusing on this segment to boost its revenue growth.
Singapore Retirement Reforms 2025: Key Changes Ahead
As Singapore approaches the landmark Singapore Retirement Reforms 2025, it is essential for citizens to understand the implications of these changes on their financial future.The reforms aim to enhance CPF retirement benefits, ensuring that Singaporeans can achieve financial security during their golden years.
CPF Contributions: Updates and Details for 2025
In Singapore, CPF contributions play a pivotal role in securing financial stability for employees, as mandated by the Central Provident Fund (CPF) system.This mandatory social security savings scheme ensures that both employers and employees contribute to various CPF accounts, which are essential for retirement, healthcare, and housing needs.
CPF Contributions: Bribery Case Involving Sats Officer
CPF contributions play a vital role in Singapore’s financial ecosystem, serving as a cornerstone for social security and retirement savings.In a recent bribery case involving Lim Ban Hock, it was revealed that more than $4,736 was funneled as disguised CPF contributions to Leong Poh Keong, a former Sats officer.
Retirement Planning: New Year Resolution for 2025
Retirement planning is a crucial aspect of securing your financial future, especially with the recent CPF changes 2025 that can significantly impact your savings strategy.As we step into the new year, making retirement planning a top priority could be your best New Year resolution yet.
CPF Life Scheme: Maximize Your Retirement Payouts
The CPF Life scheme is an essential component of retirement planning for Singaporeans, ensuring financial security in their golden years.As individuals approach the age of 55, the closure of the CPF Special Account presents a pivotal opportunity to optimize their retirement savings Singapore by contributing to this scheme.
Interest rate for CPF Special, Medisave and Retirement accounts dips to 4% in Q1 2025
The Ordinary Account interest rate will remain at 2.5 per cent for the same period. The Central Provident Fund Board logo seen on a building in Tampines. (File Photo: CNA/Calvin Oh) 11 Dec 2024 11:40AM (Updated: 12 Dec 2024 08:24PM) SINGAPORE: The interest rate for Central Provident Fund (CPF) Special, MediSave and Retirement accounts will […]