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How much does a Singapore household need for a basic standard of living?

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In a study of household budgets by Dr Ng Kok Hoe (Lee Kuan Yew School of Public Policy), A/P Teo Youyenn (Nanyang Technological University), Dr Neo Yu Wei (National University of Singapore), Dr Ad Maulod (Duke-NUS), Dr Stephanie Chok and Wong Yee Lok (LKYSPP), a basic standard of living means “…more than just, housing, food, and clothing. It is about having opportunities to education, employment, and work-life balance, as well as access to healthcare. It enables a sense of
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Homeless during the pandemic: how our Sayang Sayang Fund responded with agility

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When Singapore locked down during the pandemic, homelessness became a visible, urgent issue. Cross-border commuters and people that had lost their housing due to irregular income or family conflict joined the rough sleepers who scrape by on the margins of our society.But with any crisis, there is an opportunity to make things better. In this instance, the authorities and social service organisations moved quickly, joining forces to provide temporary shelters. “The rapid expansi
a homeless person lying on the floor

Fewer homeless people sleeping on S’pore streets last year; city area has highest number

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The number of homeless people in Singapore fell slightly last year, at a time when homelessness was on the rise in many countries amid the Covid-19 pandemic. But the issue of homelessness also became less visible, as more people who would have slept on the streets went to stay at temporary shelters. Read Next The competition was organised by City Harvest Community Services Association and received support from FUN! Fund, a Community Impact Fund jointly estab
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How Family Offices Could Shape Philanthropy

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Singapore has a long history of family philanthropy. The first family foundations were established after World War II and they donated generously to alleviate poverty, care for the vulnerable and build schools and hospitals. Today, there are over 400 foundations and trusts registered with the Commissioner of Charities but families that institutionalized big-ticket giving early on – such as the Lee Foundation and the Lien Foundation – continue to dominate philanthropic gi
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Why billionaires are setting up family offices in Singapore

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Asia’s billionaires are getting ready to hand over to the next generation, and Singapore is benefiting from the rush to set up new or satellite family offices with an increased focus on philanthropy and impact investing.In recent months, Horizon Ventures, a private investment firm associated with Hong Kong billionaire Li Ka-shing opened an outpost in Singapore.* Oppenheimer Generations, the family office of former De Beers chairman Nicky Oppenheimer, is also in Singapore whil
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More philanthropy funds focusing on climate change needed: Reports

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To support green causes and efforts to further climate action, Mr David Heng, chief executive of a private equity fund, set up the Mind the Gap 200 – Sustainable Earth fund in 2019.It is part of a project Mr Heng, who is in his 50s, undertook with nine friends and the Community Foundation of Singapore. Read Next The fund, which supports charities and programmes that address some of the United Nations’ sustainable development goals, is one of the few set u
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‘I thought I couldn’t go through any more of it’: Cancer patient gets help after insurer says ‘no’ to $33k bill

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Good Samaritans have stepped forward to help a cancer patient, who hopes to spend more quality time with her 15-year-old daughter while keeping the disease at bay.The drug that Ms Koh Ee Miang, 45, needs to control the spread of her cancer is expensive, and her insurance company has refused to pay for it – leaving her with an outstanding bill of more than $33,000 for treatment carried out between November and January. Read Next Hard-pressed to pay for the d
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4 Critical Educational Gaps for Disadvantaged Children & Youth in Singapore

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While abilities and talents are distributed equally across the population, access to educational resources is often not. Children from low-income families are the ones who pay the price. Without the right educational opportunities, they underperform in school and end up with lower-paying jobs. Studies show that students from low-income families are more than four times as likely to be low performers than their affluent peers. (OECD, 2016) Without intervention, this cycle of i
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Bank of Singapore partners Community Foundation of Singapore to provide clients with philanthropy services

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Bank of Singapore, the private banking subsidiary of OCBC Bank, has partnered with non-profit organisation Community Foundation of Singapore (CFS) to provide its clients with philanthropic services.  With this partnership, CFS will work with the bank’s clients to translate their interests, values and goals into philanthropic strategies that meet giving goals of the clients and match the needs of the local community. To develop these strategic giving plans, CFS will use insi
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Law firm Rajah & Tann donates $225k to ST School Pocket Money Fund and Dementia Singapore

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(From left) Dementia Singapore’s chief executive Jason Foo, ST Singapore editor Zakir Hussain, Community Foundation of Singapore chief executive Catherine Loh, R&T managing partner Patrick Ang and R&T Foundation chairperson Rebecca Chew.Law firm Rajah & Tann (R&T) has contributed $225,000 to The Straits Times School Pocket Money Fund (STSPMF). Read Next The donation was part of the firm’s 45th anniversary celebration on Thursday (May 5) at
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