January 17, 2021

Lobang: https://www.moneydigest.sg/applications-for-the-covid-19-recovery-grant-will-open-tomorrow-18-january/

The Ministry of Social and Family Development (MSF) first announced the new COVID-19 grant last December. It’s been a month and a long wait for some Singaporeans and permanent residents badly affected by the pandemic.

Good news! The wait is almost over, and applications for the COVID-19 Recovery Grant will start tomorrow (18 January). This new scheme targets lower- to middle-income workers and self-employed people. Up to $700 per month for three months can be provided for successful applicants.

Here’s a quick look at what you need to know.

Eligibility Criteria

Applicants should fulfil specific requirements, including being 21 years old and above. They must also be living in an annual value home that’s less than $21,000 and not own more than one property.

Before work or income loss or involuntary no-pay leave (NPL), individuals should have a household income of not more than $7,800 or per capita household income of less than $2,600.

They must have engaged actively in career hunts or training. Also, there’s a need to demonstrate evidence of any of the following activities within two months before the submission:

• Applied at least two times for jobs, traineeships, or attachments via platforms like the MyCareersFuture portal or the Professional Conversion Programme portal; or
• Have been to at least two job interviews; or
• Regularly attending career coaching services at WSG’s Careers Connect, WSG-appointed Career Matching Providers (Ingeus or MAXIMUS), or NTUC-e2i career centres; or
• Signed up for at least one training programme listed on MySkillsFuture (MySF) portal.

Those currently receiving monetary support from these schemes are not eligible:

• Seafarers Relief Package;
• COVID-19 Driver Relief Fund;
• SGUnited Mid-Career Pathways Programme – Company Training; or
• SGUnited Skills Programme

How to Apply

Applications will open from tomorrow (18 January) to 31 December 2021 between 9am to 10pm daily. You may also apply on weekends or public holidays.

Those who require assistance in filling the online application form can dial the ComCare Call hotline at 1800-222-0000. Or you may send an enquiry to ask_sso@msf.gov.sg. Alternatively, one can also visit their nearest Social Service Office for help.

Processing Time

Applicants will be notified by SMS of the result of their application within approximately two weeks, upon receipt of all the necessary information needed.

The authorities foresee a flood of applications at the start and request your understanding if the turnaround period is slower than expected.

Payout Date

Usually, the first month’s payment is remitted seven calendar days from the day the application is accepted. For the next two months, it would generally be paid by every 4th of the month.

For the full details, please head to the COVID-19 Recovery Grant webpage.

The post Applications for the COVID-19 Recovery Grant will open tomorrow (18 January) appeared first on MoneyDigest.sg.

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Lobang: https://www.moneydigest.sg/the-reef-at-kings-dock-a-new-residential-launch-with-prices-from-s960000-for-a-1-bedroom-apartment/

Though waterfront homes are rare in Singapore, our little red dot is home to a couple of residences with spectacular sea views. An emerging estate that is expected to make headlines is The Reef at King’s Dock.

Potential buyers, here’s your chance to gain that coveted view of the waters. It will be Singapore’s first residential development with a floating deck and an underwater marine viewing platform, according to Mapletree and Keppel Land.

Located in the HarbourFront-Keppel Bay precinct

You will find the upcoming development a short walk away from HarbourFront MRT station, within the Greater Southern Waterfront. It is a region that the government aims to turn into a substantial new gateway along the southern coast of Singapore for modern dwellers.

The project will consist of 429 units, with a variety of apartments from 1 to 3 bedrooms. Dimensions range from 431 to 1,572 sq. ft. and is distributed across 10 housing blocks.

Starting price begins somewhere from S$960,000 for a 1-bedroom unit. For a rough gauge, it will cost S$1.6 million for a 2-bedroom flat and S$2.8 million for a 3-bedroom apartment.

There will be a complete range of facilities. This includes a state-of-the-art workout centre, a tennis court, and sky gardens. There will also be a playground for kids, fitness area, and function rooms.

Singapore’s first floating deck in a residential development

The 180m floating platform will accommodate several pools including an Olympic-length pool, a recreational pool, and a revitalising pool. These swimming pools would provide swimmers with an immersive experience, likening to a swim in the waters of King’s Dock itself.

The floating deck will also display The Reef at King’s Dock’s private underwater viewing platform. It’s a special area where the aquatic ecosystem in King’s Dock would be seen and enjoyed by residents and visitors.

The developers assured that they would give proper attention to maintain King’s Dock’s current structure. They will also pay extra care to conserve marine life in the surrounding waters. As such, they will build the floating deck’s primary foundation offsite and then merge it into King’s Dock during setup.

To that, Associate Professor Peter Todd from the Department of Biological Sciences, National University of Singapore, and Specialist Advisor to The Reef at King’s Dock had something to add. “The submerged surface of the floating deck has been specially designed to encourage colonisation by corals that, in turn, will attract fish and other marine life,” he shared.

The Reef at King’s Dock’s sales gallery

The Reef at King’s Dock’s sales gallery has opened at the end of HarbourFront Avenue. Bookings are slated to commence on Jan 30 with the official launch. Construction is projected to conclude by 2025.

The post The Reef at King’s Dock: A new residential launch with prices from S$960,000 for a 1-bedroom apartment appeared first on MoneyDigest.sg.

Lobang: https://www.moneydigest.sg/7-life-lessons-from-alibabas-jack-ma/

YOUR HUMBLE BEGINNINGS WILL SHAPE YOU

On September 10, 1964, Ma Yun or Jack Ma was born. He originated from Hangzhou, southeastern China. He had two other siblings and was not born into a wealthy family. In fact, they did not have much money growing up. Things began to change when President Nixon visited Hangzhou in 1972. Ma’s hometown became a tourist destination. He took advantage of that. As a teenager, Ma offered tours of the city in exchange for English lessons. The nickname “Jack” was given to him by a foreigner that he befriended.

DO NOT QUIT

We all have a “quit switch”. The question is: how soon will you turn it on? For Jack Ma, he saw failures as opportunities to improve himself. After failing the university entrance exam twice, he finally got in on the third try. He attended the Hangzhou Teachers Institute and graduated in 1988.

As soon as he graduated, he started applying to as many jobs as he could. He experienced a dozen rejections before getting hired as an English teacher. Ma was a natural with his students. Despite having a relatively low paycheck, he loved his job. He did not quit!

STEP OUT OF YOUR COMFORT ZONE

Ma had zero experience with computers and coding, but he was captivated by the Internet. He used it for the first time during a trip to America in 1995. During this time, he started a translation business. His first online search was “beer”. He was surprised that there were no Chinese beers in the results. It was at that moment that he decided to open an Internet company for China.

He was stepping out of his comfort zone and exhausting his resources to his new ventures. He gathered 17 of his friends and convinced them to invest in his vision for an online marketplace he called “Alibaba.” This website allowed exporters to post product listings that customers could buy directly. Soon, Alibaba started to attract members from all over the globe. The rest is history.

MONEY IS A RESPONSIBILITY

Jack Ma is China’s fourth richest person and the 25th richest person in the world. He is worth billions! With this massive amount of wealth, one can simply think that he is happy and content. However, he highlighted that money comes with responsibility.

He once said:

“When I graduated, I earned $20 a month, which was fantastic. When you have one million dollars, you’re a lucky person. When you have 10 million dollars, you’ve got trouble, a lot of headaches. When you have more than one billion dollars, or a hundred million dollars, that’s a responsibility you have—it’s the trust of people on you, because people believe you can spend money better than the others.”

HAVING CONNECTIONS IS NOT THE ONLY WAY TO SUCCESS

Jack Ma did not have a powerful family growing up. He started Alibaba in his apartment with his friends. However, he created opportunities for himself and the people around him. He created a service that is needed by the people and believed that the customers supported their business. Having connections is not the only way to achieve success.

INVEST IN THE YOUTH

Your people is not only your manpower, they play an important part in making your dreams come true. Invest in the youth to make your business happen. Ma said that the “secret here is helping those who want to be successful”. Find people who never give up due to their fierce motivation.

“Help young people. Help small guys. Because small guys will be big. Young people will have the seeds you bury in their minds and when they grow up they will change the world.”

FOCUS ON SOLVING A PROBLEM

It is not always about making profits. Focus on solving a problem that many people face. You build a business to make money. However, money should not be your sole reason to provide service. Alibaba was born with the idea of empowering people online, which allowed it to grow.

Sources: 1 & 2

 

The post 7 Life Lessons From Alibaba’s Jack Ma appeared first on MoneyDigest.sg.

Lobang: https://singpromos.com/kitchenware-cookware/fairprice-xtra-save-up-to-75-off-la-gourmet-cookware-from-14-jan-10-feb-2021-243215/

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