The National Solidarity Party (NSP) appreciates the PAP Government efforts to invest in the productivity growth of Singapore, but we are also concerned whether the scheme would really benefit a majority of our Small & Medium Enterprises (SMEs). The local SMEs form the main group that needs a productivity boost, especially the smaller ones. However, most SMEs do not have the financial means to embark on sizeable investments in human resources and technology to improve their productivity. Thus, the higher tax rebates would not solve their woes, as they do not have the required funds in the first place. NSP understands from sources that even the Special Risk-sharing Initiative (SRI) has reduced the repayment period from 5 years to 2 years while interest rate has been raised from 5% to 5.5%. Such adjustment coupled with stringent criteria would have effectively rule out most SMEs from the scheme. [ More... ]

The National Solidarity Party New 13th Central Executive Council is elected on 07 Feb 2010 are as follows:... [ More... ]

The National Solidarity Party welcomes the proposals, albeit half-hearted ones, to change the electoral system, as announced by MP Lee in Parliament on Wednesday. Improvements to the system have in fact been long overdue, ever since his predecessor promised the electorate some form of political pluralism and a “kinder and gentler” nation way back in 1990. [ More... ]

Double inflictions: Cost-of-fiving & Foreign Workers While the Government has introduced a regular slew of technical measures supposedly meant to assist the growing number of the unemployed, rt has done little to mitigate the twin impact of rising cost-of-living and the lax entry of foreign workers. [ More... ]

The National Solidarity Party (NSP) calls on the Government of Singapore Investment Corporation (GIC) to be more transparent with its global investment projects. During the recent Parliament sessions, it was revealed that the Country’s other national investment entity, Temasek Holdings, had lost some 31% of its investment value recently. Its failures in a number of ventures notably in China, USA, Thailand, Indonesia, and Australia have been in the news over the past several years. Although Temasek.... [ More... ]

The “Resilience Package” of $20.5 billion unveiled in Parliament by Finance Minister Tharman Shanmugaratnam, is generally seen to be extensive, addressing the main problems of job loss, business cash flow and credit crunch. However, while the direction and footing of the Budget are generally correct, its actual impact will be quite below public expectations, because its somewhat mediocre quantum may be inadequate in facing the tsunami-sized ground crisis. Indeed, the Government has itself admitted that the Package “will not be enough to haul the Country out of recession….” [ More... ]

The Prime Minister’s National Day speech was generally interesting in terms of linguistic versatility and showmanship. It however lacked sufficient impact as many of its measures were deemed to be short, despite the lengthy 3.5 hours delivery [ More... ]

The National Solidarity Party (NSP) held its Ordinary Party Congress on 17 August 2008, during which the President, the Secretary-General and 13 Central Executive Council (CEC) [ More... ]

The application of a permit for peaceful demonstration by university students against the cruel military oppression in Myanmar is a positive sign of awakening of a greater sense of social-political awareness in our young generations. [ More... ]

Discussing the compulsory annuity scheme is nonsense after what the government has done to our CPF money. State-sanctioned dispossession of one's retirement money is never right. [ More... ]

The amazing escape of a defaulter of public money, despite the obvious cues, raises critical questions on the responsibility of the authorities, and the long-term social repercussions. [ More... ]

The NSP stands in solidarity with the workers in Singapore. We are painfully concerned that many workers are now unable to accumulate sufficient savings to contemplate a decent retirement at old age, or to meet their medical expenditures. [ More... ]

The NSP shares the people’s displeasure over more ministerial salary hike. While workers face GST hike, Ministers ‘weather’ salary hike. Far from 'leaving no one behind', another Ministerial salary hike will leave almost everyone far behind. [ More... ]

Re-positioning of the NSP [ More... ]

NSP questions if MOM's statement denouncing the public suggestion for a pension scheme for elderly retirees is consistent with reality in the public service. [ More... ]