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malaysians' cpf in singapore

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  • eng-wah ong's Avatar
    78 posts since Jun '04
    • i hope that the government won't 'return' the malaysians' cpf to them easily and instead use them as a bargain tool for issues besides rsaf usages of their bases like pedra branca, tanjong pagar train, water and reclaimation issues

      don't compromise easily

  • thoreldan's Avatar
    4,093 posts since Jun '03
    • this is the hard-earn money of m’sians in singapore…this has nothing to do with political reasons…..

  • SibeiSuayKia's Avatar
    3,975 posts since Jul '04
    • Originally posted by eng-wah ong:
      i hope that the government won't 'return' the malaysians' cpf to them easily and instead use them as a bargain tool for issues besides rsaf usages of their bases like pedra branca, tanjong pagar train, water and reclaimation issues

      don't compromise easily

      LOL

      RSAF usage of malaysian bases?

      ROFL ROFL!

  • pearlie27's Avatar
    1,142 posts since Nov '04
    • Singapore govt actually has no right to use the Msians CPF to bargain for anything from Msia as the monies legally and righfully belong to the Msians. Singapore govt already makes tons of money from the levies liao.

  • LittleTiger's Avatar
    537 posts since Jul '04
    • Originally posted by pearlie27:
      Singapore govt actually has no right to use the Msians CPF to bargain for anything from Msia as the monies legally and righfully belong to the Msians. Singapore govt already makes tons of money from the levies liao.

      true and this is a words of wisdom

  • sgdiehard's Avatar
    5,229 posts since Jul '04
    • Originally posted by pearlie27:
      Singapore govt actually has no right to use the Msians CPF to bargain for anything from Msia as the monies legally and righfully belong to the Msians. Singapore govt already makes tons of money from the levies liao.

      Msians coming to work in Spore know very well that they have to pay CPF IN Spore and can only withdraw the money after 55 like all Sporeans. If Msians work in Msia they also have to pay EPF. Over the years S$ saved in CPF in Singapore has doubled in value compared to ringgit. Besides, to many of them it is saver to put the money with the spore government than the msian government. So are the Msians complaining? NO, unless they were allowed to withdraw the money out and go straight into their individual bank account. If it is to each individual account, then it does not benefit the Msian government!! Why are they bargaining?

      The point is that if the CPF money were to be transferred, it would go to the Msians EPF accounts, not straight into the Msians pocket!!! The Msians government will have a lot of money to build a few more towers or bridges but it does not benefit the Msians CPF account holders. That explains why no sound from the Msians CPF members and they are still coming to work in Spore and pay CPF!!

      It should be noted that CPF pays members 2.5% for ordinary account, and 4% for special account, while banks pay for saving 0.125%. That is why Singapore government is asking us to invest our CPF money.

      There is no doubt that the CPF money, legally and rightfully belongs to the members, sporeans and msians. Do the msians account holders want the money in CPF or EPF? and if msians were allowed early withdrawal then wouldn’t sporeans be disadvantaged? It may be a matter of time before msians are treated like all foreign workers, but before that, we don’t have to give up our bargaining chip.

  • sbst275's Avatar
    113,434 posts since Jun '04
    • Originally posted by eng-wah ong:
      i hope that the government won't 'return' the malaysians' cpf to them easily and instead use them as a bargain tool for issues besides rsaf usages of their bases like pedra branca, tanjong pagar train, water and reclaimation issues

      don't compromise easily

      Get your FACTS right

      It is RSAF usage of Johor air space

  • eng-wah ong's Avatar
    78 posts since Jun '04
  • SibeiSuayKia's Avatar
    3,975 posts since Jul '04
    • Originally posted by sbst275:
      Get your FACTS right

      It is RSAF usage of Johor air space

      Dude that money is called safety money...

      just imagine..if they ever invade SG...

      we got the $$ and bargaining chip...

      we can use those malaysian monies to finance our resistance.. ^.O

  • Moderator
    greengoblin's Avatar
    1,630 posts since May '02
    • Originally posted by eng-wah ong:
      i hope that the government won't 'return' the malaysians' cpf to them easily and instead use them as a bargain tool for issues besides rsaf usages of their bases like pedra branca, tanjong pagar train, water and reclaimation issues

      don't compromise easily

      Rolling Eyes if you were malaysian... how will you feel? Give some take some

  • fymk's Avatar
    3,872 posts since Sep '04
    • Originally posted by eng-wah ong:
      i hope that the government won't 'return' the malaysians' cpf to them easily and instead use them as a bargain tool for issues besides rsaf usages of their bases like pedra branca, tanjong pagar train, water and reclaimation issues

      don't compromise easily

      Malaysians who work in Singapore - I think the main lot are Chinese. Do the Malaysian govt give a damn about them other than the bumiputra? CPF is like a long term safe deposit with a good interest rate - anyone who know better will want to leave their money there for a while and withdraw it when they are 55 years old.

      Singapore , herself , is vulnerable because if Malaysia cuts off Singapore's water supply - that's it . The population will be in trouble - that is why we have new water ( recycled shit water) and the govt is exploring options before we run out of water. Singapore , sadly , doesn't have any bargaining power over Malaysia because of water.

      Frankly it is a give and take situation until we can find a better option of getting potable water- look after Malaysia and get along with her rather than to argue with Malaysia and get our water supply cut off .

  • sbst275's Avatar
    113,434 posts since Jun '04
    • Originally posted by SibeiSuayKia:
      Dude that money is called safety money...

      just imagine..if they ever invade SG...

      we got the $$ and bargaining chip...

      we can use those malaysian monies to finance our resistance.. ^.O

      Ya... But it still still their $$ after all... And please, we are now not dealing with a aggressive leader

  • LittleTiger's Avatar
    537 posts since Jul '04
    • Actually Msian (chinese) working in spore ae happy with the CPF being kept till 55. The one making fuss is msian government cos wallet a big holes liao...

      Remember MAS? That tycoon buy from government at cheap price and when losing $$$ sell back to govenrment at excredible high price. Government no $$ to buy then use m'sia EPF fund. Yup that organization used to buy back the Malaysian Airlines are EPF subsidiaries. One M'sian goverment riches organization with cash are EPF.

      So they want to transfer spoe CPF money to EPF account. Or asking m'sian withdraw the $$$ and put into m'sia.

      I think last time the got say m'sia can apply to take out their CPF $$ before 55 but once withdraw, they are not allow to work in spore anymore....
      Any m'sian chinese will withdraw? 99.99% NO. paid here is high cos S$1xRM2.3, % interest in CPF also higher than bank somemore got 15% contribution from employer... asn risk not be able to work in spore again.

  • wudimax's Avatar
    250 posts since Mar '03
    • Originally posted by eng-wah ong:
      i hope that the government won't 'return' the malaysians' cpf to them easily and instead use them as a bargain tool for issues besides rsaf usages of their bases like pedra branca, tanjong pagar train, water and reclaimation issues

      don't compromise easily

      u are a bastard

  • Qitai's Avatar
    2,638 posts since Jul '04
    • Originally posted by sgdiehard:
      Msians coming to work in Spore know very well that they have to pay CPF IN Spore and can only withdraw the money after 55 like all Sporeans. If Msians work in Msia they also have to pay EPF. Over the years S$ saved in CPF in Singapore has doubled in value compared to ringgit. Besides, to many of them it is saver to put the money with the spore government than the msian government. So are the Msians complaining? NO, unless they were allowed to withdraw the money out and go straight into their individual bank account. If it is to each individual account, then it does not benefit the Msian government!! Why are they bargaining?

      The point is that if the CPF money were to be transferred, it would go to the Msians EPF accounts, not straight into the Msians pocket!!! The Msians government will have a lot of money to build a few more towers or bridges but it does not benefit the Msians CPF account holders. That explains why no sound from the Msians CPF members and they are still coming to work in Spore and pay CPF!!

      It should be noted that CPF pays members 2.5% for ordinary account, and 4% for special account, while banks pay for saving 0.125%. That is why Singapore government is asking us to invest our CPF money.

      There is no doubt that the CPF money, legally and rightfully belongs to the members, sporeans and msians. Do the msians account holders want the money in CPF or EPF? and if msians were allowed early withdrawal then wouldn’t sporeans be disadvantaged? It may be a matter of time before msians are treated like all foreign workers, but before that, we don’t have to give up our bargaining chip.

      Let me put in a few facts here.

      1) Malaysian working in Singapore do not need to pay CPF. (Malaysian) PR working in Singapore will have CPF.

      2) To claim Singapore CPF is safer than Malaysia EPF is flawed. There is no evidence of one being safer than the other.

      3) Malaysia one year fixed deposit interest rate is 3.7%.

      The above does not tries to side with anyone. Just to make clear some facts.

    • Originally posted by LittleTiger:
      Actually Msian (chinese) working in spore ae happy with the CPF being kept till 55. The one making fuss is msian government cos wallet a big holes liao...

      Remember MAS? That tycoon buy from government at cheap price and when losing $$$ sell back to govenrment at excredible high price. Government no $$ to buy then use m'sia EPF fund. Yup that organization used to buy back the Malaysian Airlines are EPF subsidiaries. One M'sian goverment riches organization with cash are EPF.

      So they want to transfer spoe CPF money to EPF account. Or asking m'sian withdraw the $$$ and put into m'sia.

      I think last time the got say m'sia can apply to take out their CPF $$ before 55 but once withdraw, they are not allow to work in spore anymore....
      Any m'sian chinese will withdraw? 99.99% NO. paid here is high cos S$1xRM2.3, % interest in CPF also higher than bank somemore got 15% contribution from employer... asn risk not be able to work in spore again.

      Malaysian can withdraw CPF anytime before 55 if they leave Singapore permanently. They just need to sign a paper stating exactly that to withdraw $$.

  • sgdiehard's Avatar
    5,229 posts since Jul '04
    • Originally posted by Qitai:
      Let me put in a few facts here.

      1) Malaysian working in Singapore do not need to pay CPF. (Malaysian) PR working in Singapore will have CPF.

      2) To claim Singapore CPF is safer than Malaysia EPF is flawed. There is no evidence of one being safer than the other.

      3) Malaysia one year fixed deposit interest rate is 3.7%.

      The above does not tries to side with anyone. Just to make clear some facts.

      Thanks for the corrections.

      If only the Malaysian with Singapore PR need to pay CPF, then it is the case of Singapore PR paying CPF. How is it that the Malaysian government is making the claim? We have PR from so many different countries.

      Agree there is no evidence that any one can be safer than the other. My conclusion comes from Malaysians whom I know and they made that judgement comparing how the two governments spent money and the reserve of each country. One can still argue that Malaysia has more resources than Singapore, but the question remains is the Malaysian government carrying out the wishes of the Malaysian with CPF in Singapore?

      Once money is transferred, there is no return. Malaysia can agree to open their airspace to RSAF today, but tomorrow they can close it again, like what they did before. That is why I agree that we should not give away easily.

  • KumSioJui's Avatar
    2,121 posts since Aug '04
    • Originally posted by SibeiSuayKia:
      Dude that money is called safety money...

      just imagine..if they ever invade SG...

      we got the $$ and bargaining chip...

      we can use those malaysian monies to finance our resistance.. ^.O

      dude if they ever invade SG, this money can keep in your house to use as toilet paper, everything will be blown high sky.

      1 egg now 30cts will become $3000 overnight

  • reyes's Avatar
    3,473 posts since Feb '04
    • finally some compromise has began for all o/s issue instead of going to court to resolve it.
      it no big deal is we allow malaysian to collect their CPF money before retirement age provided they dont return to work in singapore again.

      i dont give a damn about RSAF, i just want them to stop flying over our hosues in jurong west coz it making big noises during the night time.
      now they can fly over malaysia and land at their bases.

  • mohanraj0085's Avatar
    74 posts since Nov '04
    • Malaysians should just take their CPF and go back malaysia ! they are taking away so many jobs frm sporeans …

  • SibeiSuayKia's Avatar
    3,975 posts since Jul '04
    • Originally posted by sgdiehard:
      Thanks for the corrections.

      If only the Malaysian with Singapore PR need to pay CPF, then it is the case of Singapore PR paying CPF. How is it that the Malaysian government is making the claim? We have PR from so many different countries.

      Agree there is no evidence that any one can be safer than the other. My conclusion comes from Malaysians whom I know and they made that judgement comparing how the two governments spent money and the reserve of each country. One can still argue that Malaysia has more resources than Singapore, but the question remains is the Malaysian government carrying out the wishes of the Malaysian with CPF in Singapore?

      Once money is transferred, there is no return. Malaysia can agree to open their airspace to RSAF today, but tomorrow they can close it again, like what they did before. That is why I agree that we should not give away easily.

      They can't close the airspace after signing the agreement.....

      don't forget...

      Why?

      1) SG will be angry

      2) If they close , it means that they will monitor and send planes over to intercept

      3) and when they intercept those F-16 I sufa look-alikes...

      4) Their planes will end up like what happened to the Migs during the wars
      with israel...

  • LittleTiger's Avatar
    537 posts since Jul '04
    • Originally posted by mohanraj0085:
      Malaysians should just take their CPF and go back malaysia ! they are taking away so many jobs frm sporeans ...

      This is a irresponsible remark.... will you "those belong to the arrogant sporean" wash toilet, sweep floor, working as operator, working shift, build road, ship, collect ur rubbish, etc?

      Beside m'sian there are more and more indonesian, thai, filipino, china ppl, indian. Ask them to go home as well?
      Who build the hdb house for you?
      Who look after you house and cook for you?

      Maybe u can go back to your native country as well?
      They native malays here will say.."we dont need you here"

      M'sian work as medium and slight low paid job.... Why not asking those really high paid foreign workers to leave? They crave more money from SPore!!!

      Society nowadays are needing each other or using each other... its a cycle. Spore lack of work force, without them do u think foreign invester will be here?
      No, cos cant find enough workers and sporean paid are reluctant to do those work and wishes a high paid.

      Edited by LittleTiger 25 Dec `04, 11:31AM
  • sgdiehard's Avatar
    5,229 posts since Jul '04
    • Originally posted by LittleTiger:
      This is a irresponsible remark.... will you "those belong to the arrogant sporean" wash toilet, sweep floor, working as operator, working shift, build road, ship, collect ur rubbish, etc?

      Beside m'sian there are more and more indonesian, thai, filipino, china ppl, indian. Ask them to go home as well?
      Who build the hdb house for you?
      Who look after you house and cook for you?

      Maybe u can go back to your native country as well?
      They native malays here will say.."we dont need you here"

      M'sian work as medium and slight low paid job.... Why not asking those really high paid foreign workers to leave? They crave more money from SPore!!!

      Society nowadays are needing each other or using each other... its a cycle. Spore lack of work force, without them do u think foreign invester will be here?
      No, cos cant find enough workers and sporean paid are reluctant to do those work and wishes a high paid.

      ma de hao!!

  • mancha's Avatar
    8,961 posts since Sep '04
    • Originally posted by pearlie27:
      Singapore govt actually has no right to use the Msians CPF to bargain for anything from Msia as the monies legally and righfully belong to the Msians. Singapore govt already makes tons of money from the levies liao.

      Quite true. The CPF monies of Malaysians workers should not be negotiated at all. It should remain where it is until time for withdrawl according to existing rules.

      The money was collected over the years by the Singapore government and held for the Malaysian. Every cent plus interest is accounted for, and will be returned to the rightful account holder when it is due. Thats alot of hard work.
      Over the years the amount has risen to billions.

      Now the Malaysian government want to take over the Malaysian accounts. Just like that.
      You think Singapore government so stupid.

      The Singapore government prefers to return the money to the Malaysian worker and have the worker undertake not to return to Singapore to work again. This is not good because this would reduce the manpower available to Singapore.
      The Malaysian government want the money transfered to them (the Malaysian government),not to the Malaysian workers.
      Sorry not so easy lah, Billions of dollars collected painstakingly and held over the years handed to them, just like that. If not they continue to bully Singapore. It won't work.
      No way Singapore government will collect money for the Malaysian government.

      But things can be worked out. Thats the Singapore attitude.
      The Malaysian government, they want eazy money.
      Billions of it.

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