Assurance stood out as the overarching theme of this year’s National Day Rally (NDR).
Prime Minister Lee Hsien Loong began his English language speech by referencing international and domestic challenges buffeting Singapore: the United States-China rivalry, the war in Europe, a fraying global economic order and elevated inflation.
Recollections of the late Mr Lee Kuan Yew, apposite to the centenary of Mr Lee’s birth, drew attention to areas that remain as important today as they were in the past. These include the commitment to housing affordability and clean government. The creation of this S$7 billion package recognises that this group of Singaporeans, while better off than older seniors, have generally earned less over their lifetimes compared with younger Singaporeans, and had a shorter runway to benefit from Central Provident Fund enhancements to build up their retirement savings.
Singaporeans can also look forward to further cost of living support, including potential enhancements to theINDIVIDUAL AND COMMUNITY SELF-HELP Community is in fact a key prong in Singapore’s integrated approach towards successful ageing as staying engaged and socially active is critical to seniors’ mental well-being.can make a difference, by facilitating social interaction through activities, communal meals and volunteerism.
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