Government Savings Bank wants to offer special mortgages to address borrowers' pain points. (Photo by Patipat Janthong) Measures by Government Savings Bank (GSB) to ease mortgage requirements are scheduled to seek board approval on June 18 to comply with the government's policy to help homebuyers better access financial sources in the wake of the central bank's tighter regulations.The three measures consist of mortgages for those who deposit a particular amount for a certain period as required by the state-owned bank; mortgages for those who make down payments on a monthly basis for a specific period to property developers that have projects financed by the bank's loans; and mortgages for state officials and private-sector employees based on their salary increments over the course of three years. The mortgages based on borrowers' pay rises over the next three years will have a 3% rate for private-sector workers and 5% rate for state officials, said president and chief executive … [Read more...] about GSB seeks nod for mortgage measures
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By Kathy English Public Editor Thu., May 2, 2019 Why does journalism matter? I asked. You answered. In anticipation of today’s World News Day, a time to recognize and celebrate the power of journalism to make a difference in people’s lives, I asked for your perspectives on why journalism matters to you. The responses, as always when I reach out to Star readers for your views were (for the most part) thoughtful and constructive, showing tremendous insight into the value of the public service mission of journalism and deep appreciation both for journalism’s purpose in our democracy and for the work of journalists who aspire to journalism’s highest ideals. Thank you to all who participated. Here is some of why you believe #NewsMatters: Good journalism speaks truth in the face of lies, without fear or prejudice. When the public is confused by those with powerful self-interest, then the duty of the journalist is to lay bare the facts as (s)he … [Read more...] about ‘Great journalism holds the mirror to our souls’
MANILA, Philippines — President Duterte is urging Congress to pass more laws aimed at protecting workers’ rights, as he admitted that the plight of workers has not changed much despite the annual observance of Labor Day. In his Labor Day statement, Duterte said the working class should be honored “not as a tool of employers and capitalists, but as an essential catalyst for our nation’s overall progress.” Duterte did not join any Labor Day activity yesterday. “It is unfortunate, however, that despite this yearly observance, the plight of our workers, especially those who choose to leave their families so they may earn better compensation abroad, remains the same,” Duterte said. “This is why my administration has implemented measures within its powers to afford full protection to labor and promote equal work opportunities for all,” he added. Duterte cited Executive Order No. 51, which prohibited labor contracting “when … [Read more...] about Duterte pushes passage of pro-worker laws
By Julie Jargon WSJ Tues., April 30, 2019 Divorce can bring out the worst in parents who are already accustomed to bickering with each other. Even an argument about whether a kid should join a soccer team—and who will pay—can end up in a courtroom. To minimize discord and unnecessary court time, family-law judges increasingly order warring parents to use co-parenting apps. The new tools may not solve every problem, but experts say they can ease the stress on children caught in the crossfire. Created by divorced parents, family-law attorneys and judges who saw a need to create a better way for families to communicate, the apps can allow parents to document their compliance with the parenting plan. Some have a check-in feature so parents can prove that they picked up or handed off their children when and where they were supposed to. Others use artificial intelligence to flag messages written in an aggressive tone, reminding parents to keep their communications … [Read more...] about When parents divorce, apps can reduce the child-custody acrimony
SINGAPORE: Every time freelance writer Clare Lee, 27, uses a changing room when trying on clothes in fashion outlets big and small, she will take a few minutes to inspect every nook and cranny in her cubicle for hidden cameras before feeling safe enough to undress herself.For 27-year-old Fiona, who did not want to give her full name, she will always double-check that the curtains in her bedroom or hotel are fully drawn such that there is not even a teeny-weeny gap for anyone to peek through, and steer clear of unattended baskets in supermarkets.Freelance content creator Hilary See, 27, would refrain from standing near the edge of the escalator where people can look up her skirt, and try to use either a bag or a file to cover the back of her skirt while climbing the stairs.With spycams and phone cameras taking voyeurism to unsavoury new heights, these women are among a growing number of people who have taken extra precautions to protect themselves and their private spaces.As Fiona, … [Read more...] about The Big Read: Singapore’s voyeurism problem – what’s wrong with men, or the world?