Monthly Archives: October 2011

Sin­ga­pore is a suc­cess­ful nation which revolves on a national phi­los­o­phy of self-reliance. Through­out our rapid devel­op­ment, we have refrained from becom­ing a wel­fare state. This was made pos­si­ble through the intro­duc­tion of the Cen­tral Prov­i­dent Fund (CPF) in 1955. There are many exter­nal forces which can hin­der the effec­tive­ness of our CPF sys­tem. One […]