Monday, August 20, 2007

National Day Rally Speech 2007

As a conscious Singaporean, I hope that you managed to catch PM Lee's National Day Rally speech last night.
If you did not, you can either watch the video or read the text of the speech.
This will benefit you in answering AQ and the initiatives mentioned will affect you and your family. Hence, please spend some time discussing the speech with your peers or family members. Feel free to tag your comments and views on the message board.

Some of the key points mentioned are:

1) Closing the income gap: More lower income families will also be eligible for the Additional CPF Housing Grant scheme which was introduced last year. The grant will be increased from S$20,000 to S$30,000, and it will give needy families a leg up to buy their first subsidised flat.

2) Upgrading education - setting up fourth university, To encourage more non-Malays to learn Malay in addition to their mother tongue, incentives such as two bonus points for junior college admissions will be introduced to get students to take up the Malay Special Programme.

A Regional Studies Programme will also be introduced, where students will do Malay as a third language, and learn about our Southeast Asian neighbours.

100 scholarships will be offered for this programme a year.


3) Ageing population- living active lives

4) Working longer - more savings for old age: a law by 2012 that requires employers to hire workers beyond the age of 62.

5) Improving CPF - building a nest egg: an annuity scheme and higher interest for their CPF savings (1 percent more).

6) Upgrading and renewal of flats: look at some artists' illustration of makeover old estates, Neighbourhood Renewal Programme, Home Improvement Programme

7) Forging forward - creating a city of possibilities

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