Sales, Social and Tech

The Straits Times wrote of how the wife of the Indian cleaner, who was killed in an accident last year, squandered her $1 million dollars that came from insurance and donations in less than a year.  Some have criticized that Straits Times reported this story to remind Singaporeans that getting one's full CPF could lead one to spend all at once and leaving one broke from retirement till death.  I have to admit the CPF scheme is useful but the biggest problems are that the rules are too rigid and goalposts keep changing, that results in the people asking,"why?".  Like a broken recorder, the answer is always "it is for your retirement" and this has eroded the trust between the people and the current government. The story of the Indian lady is one I have heard many times duringy my six months in Koh Samui. Prior to being a tourist island, Koh Samui was more known to be the main exporter of coconuts. Thus, the inner land was considered more valuable than the land by ...