January 10, 2021
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In Singapore, we’re trained to think about our long-term future and retirement from the day we start working. This is when we see regular contributions from our monthly wage going into our CPF, namely the Special Account (SA).
While our CPF contributions also go into our Ordinary Account (OA) and Medisave Account (MA), these accounts can be used to pay for the downpayment and mortgage of our home, tuition fees for our loved ones and certain insurances such as the Home Protection Scheme (HPS) and Dependent Protection Scheme (DPS) via our OA and medical treatments and procedures as well as MediShield and Integrated Shield Plans (IP) via our MA.
The New Paper
Retailers reap holiday season rewards
Shoppers at the Gain City Megastore event during the holiday season. The retailer s online sales performance has been stellar. PHOTO: GAIN CITY
Gain City s November, December performance beats that of last year
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Several home-grown retailers that have both a strong online and offline presence are ending the pandemic year on a high, reporting brisk business and even record-breaking sales achieved over the annual year-end sale season amid increased footfall in the weeks leading up to Christmas.
Compared with the same period last year, Gain City recorded a 50 per cent surge in online sales for its Black Friday event, while its 12.12 sale broke all its past online records during the first 12 hours.