Support for Seniors in Singapore

In a significant move to support the elderly, over 570,000 seniors in Singapore will be receiving the Earn and Save bonus, with amounts ranging from $400 to $1,000, set to be disbursed in March 2023. This initiative represents the first installment of the annual bonus, which was part of the $9 billion Majulah Package announced during the National Day Rally in 2023. The Ministry of Manpower (MOM) announced that this financial boost aims to enhance retirement savings for working seniors.

Eligibility Criteria

Eligibility for the bonus applies to Singaporeans born in 1973 or earlier, provided they meet certain criteria, including: - Having an average monthly income ranging from $500 to $6,000 in the previous assessment year. - Residing in a property with an annual value of $31,000 or below. - Owning no more than one property.

Bonus Amount Tiers

The amount received by eligible seniors will be tiered based on their income levels. Seniors earning between $500 and $2,500 monthly will receive the maximum bonus of $1,000, while those with monthly earnings from $2,500 to $3,500 will get $700, and seniors earning between $3,500 and $6,000 will receive $400.

Automatic Credit and Warnings Against Scams

MOM emphasized that the bonus will be credited automatically to recipients’ Central Provident Fund accounts, and notifications will be sent via SMS in April. Seniors are urged to remain vigilant against potential scams, with advisories highlighting that official communications will not request personal information or direct replies.

Chagee's Controversy in Vietnam and Malaysia

In a separate story, a Chinese milk tea chain, Chagee, is in hot water in both Vietnam and Malaysia due to its display of the controversial nine-dash line in its mobile app. This line represents China's territorial claims in the South China Sea, which several countries, including Vietnam, Malaysia, and the Philippines, contest. Vietnamese authorities previously banned the Barbie movie for depicting this contentious line, showcasing the sensitive nature of the territorial disputes.

Public Reaction and Company Response

Following Chagee's launch plans in Vietnam, explosive reactions from social media users have led to a wave of anger and calls for a boycott in both countries. Photos circulating online show advertisements being taken down at their locations in Vietnam, suggesting that the company may reconsider its operational debut. So far, Chagee has not issued any statements addressing the backlash, leaving many speculating on the future of its business plans in the region.

Conclusion

Stay tuned for more updates on the Earn and Save bonus and Chagee's controversy as these stories continue to develop!