Tuesday, June 23, 2020

Is the Safe Entry measures giving good results?

I read a news report today about the covid cases, possibly quoting from a news release from the ministry of health. It mentioned the places where the infected patients had visited and asked members of the public who had visited these places to be alert about the possibility of being infected.  However, it assured the public not to worry, as it does not necessary mean that they had been infected. It further advised the public to see the doctor if they have some of the symptoms of covid, such as experience difficulty in breathing or fever.  I was quite confused about the message that the news report was trying to convey.  If there was no need for the public to panic, why mention the places that the infected patients had visited? If a patient had some of the symptoms mentioned, surely they would have visited the doctor, regardless of whether they had visited the infected places? The news report also mentioned that the close contacts, possibly identified by the Safe Entry records in the database, will be approached by the contact tracing ambassadors. But it did not mention how many people were identified from the database or the outcome of past tracing of these close contacts. I suspect that the Safe Entry recording is probably not producing useful data, in spite of the large cost of implementing this measure. It probably involve several thousand of ambassadors who man the stations to record the Safe Entry data. I estimate the cost of these ambassadors to be several tens of million dollars a month. Apart from the manpower cost, it is also adding  lot of inconvenience to the public who visits shops, malls and workplaces. I hope that the ministry of health will publish the results of the contact tracing efforts to justify the cost of carrying out the Safe Entry measures.

2 comments:

Anonymous said...

Dear PM Lee, We have not intended to vote for PAP BUT because of your DISHOUNARABLE

BROTHER
, who said that he would keep away from Singapore as long as you are PM. It has

been PROVEN in COURT that he and his wife were responsible for CHANGING

the will to their OWN TERMS. We despise them as we would be heartbroken in heaven if

our children were to DO this to our will. YOU now have our 7 family votes that

SICKENING human do not deserve by TCB.

Anonymous said...

( REPRICING FOR HOME & EQUITY LOAN)

As spoken, to do away with TDSR assessment, you can consider making 3% paydown of the outstanding principal. This will be amounting to $28K. One month notice period is required for this paydown. The one month notice will be from the date we receive the signed partial prepayment form.

If you would like to go for 3% paydown, the only documents required will be property tax page, front and back copy of NRIC, HDB printout and CPF Property Withdrawal Statement from all borrowers.

To go for TDSR assessment, please find below for the documents required.
Documents required from all Borrowers
For Owner-Occupied Property : Please submit documents 1 to 4

1. Front & Back copy of NRIC (mandatory)

2. Property Tax Page for all Owner-Occupied Property (mandatory)
a. Log on to IRAS Website at http://www.iras.gov.sg
b. Click on “Login to my Tax Portal
c. Click on “LOGIN” with “SingPass” or IRAS pin (right side of webpage)
d. Search for “Property Tax” on the left panel
e. Click on “View my Property Portfolio / Change mailing address”
f. Click on the property address that is “owner- occupied”
g. Print out the page that indicates “Tax rate : Owner-Occupier”
***Kindly note printout to indicate date of printing and reflects IRAS logo

3. HDB Printout (If you have a term loan with us)
a. Logon to HDB Website at http://www.hdb.gov.sg
b. Log in via Singpass at “My HDBPage”
c. Click on “My Flat” and then click on “Financial Info” under Purchased Flat (on left)
d. Please print and email page over

4. CPF Property Withdrawal Statement (if you have a term loan with us)
a. Log in to CPF Website at http://www.cpf.gov.sg
b. Go to My Statement
c. Scroll down to Section C and click on the “Property”
d. Select “I wish to view my Private Housing Withdrawal Statement” from “My Statement – Property”
e. Print out this statement to show Private Housing Property Withdrawal Details


For Investment Property : Please submit documents 1 to 7


5. Income Documents (mandatory)
 Self-employed, commissioned or variable income earners: Latest Notice of Assessment
 Salaried Employees: Latest year Notice of Assessment and latest pay slip and Last 12 months CPF Contribution statement
• Overseas Employees: 3 months’ pay slip/Letter of Employment and 3 months bank statements reflecting crediting of salary

• Dividend income (If applicable)
- Latest CDP Statement
- Certification of latest year dividend income by certified accountant
- Letter from company with corresponding bank statement showing crediting of latest year dividend

Steps to obtain Notice of Assessment
a. Log on to IRAS Website at http://www.iras.gov.sg/irashome/default.aspx
b. Login with your Singpass or IRAS pin
c. Go to “View Correspondence/Notices” (left of webpage)
d. Click on “Letters/Notices” and select the required Notice of Assessment

6. Statements for All Existing Credit Cards/Credit Line Statements(mandatory)
***Please provide statements which reflect card holders name, card number and minimum payment amount

7. Details on other loans (for example: Car Loan, Housing Loan, Renovation Loan, etc):
a. Original Loan Amount & Loan Tenure
b. Outstanding Loan Amount & Remaining Loan Tenure
c. Monthly Instalment
d. Current Interest Rate
e. Name of Financier
***Missing information of the above might delay the review process



The repricing application is subject to TDSR & Quantum of Financing assessment and review.









Blog Archive