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Website. www .cpf .gov .sg. The Central Provident Fund Board ( CPFB ), commonly known as the CPF Board or simply the Central Provident Fund ( CPF ), is a compulsory comprehensive savings and pension plan for working Singaporeans and permanent residents primarily to fund their retirement, healthcare, education and housing needs in Singapore.
As of 2023, the total size of the reserves has been estimated to be at least S$ 2.5 trillion (2024) ( US$ 1.87 trillion ), based on publicly available data from GIC, [a] Temasek, [b] MAS, [c] and CPF, [d] among others. It is generally assumed that Singapore's reserves are far-reaching and significant. However, the Government has consistently ...
The Government of Singapore is defined by the Constitution of the Republic of Singapore to consist of the President and the Executive. Executive authority of Singapore is vested in the President but exercised on the advice of the Cabinet led by the Prime Minister. The President, acting as the Head of State, may only act in their discretion in ...
DMN - Dunman Secondary School. DPP - Deputy Public Prosecutor (see also "APP" and "PP") or Direct Entry Scheme to Polytechnic Programme (via ITE) DR - Deputy Registrar of the Supreme Court or the Subordinate Courts of Singapore. DSO - Defence Science Organisation. DSTA - Defence Science and Technology Agency / ˈdɛstə /.
The statutory boards that come under the president's purview are the Central Provident Fund Board (CPF Board), the Housing and Development Board, JTC Corporation and the Monetary Authority of Singapore, while the Government companies are the Government of Singapore Investment Corporation Pte. Ltd., MND Holdings Pte. Ltd., and Temasek Holdings ...
The history of the modern state of Singapore dates back to its founding in the early 19th century; however, evidence suggests that a significant trading settlement existed on the island in the 14th century. The last ruler of the Kingdom of Singapura, Parameswara, was expelled by the Majapahit or the Siamese before he founded Malacca.
The statutory boards of the Government of Singapore are autonomous organisations that have been tasked to perform an operational function by legal statutes passed as Acts in the Parliament of Singapore. The statutes define the purpose, rights and powers of each authority. These organisations would usually subsequently report to one specific ...
GIC Private Limited is a Singaporean sovereign wealth fund that manages the country's foreign reserves.Established by the Government of Singapore in 1981 as the Government of Singapore Investment Corporation, of which "GIC" is derived from as an acronym, its mission is to preserve and enhance the international purchasing power of the reserves, with the aim to achieve good long-term returns ...