Summary of 2013 National Day Rally Speech

Singapore’s PM Lee Hsien Loong delivered the 2013 National Day Rally Speech on Sunday. As he said:

Singaporeans sense correctly that the country is at a turning point. I understand your concerns. I promise you, you will not be facing these challenges alone, because weâ€™re all in this together. We will find a new way to thrive in this new environment…We must make now a strategic shift in our approach to nation-building.

The highlights of the speech are as below:

HEALTH CARE

MediShield insurance for all, no age limit or exclusions
More subsidies for outpatient care

EDUCATION

More Primary 1 spots for those without links
PSLE T-score to be replaced by grades
Top secondary schools to broaden admissions

HOUSING

Help for every working family to afford a flat
Grants for middle-income to buy 4-room flat
More help for two-roomers to upgrade

I will highlight the potential implications on some of the policies and impact on the market. Stay tuned…

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Ivan Guan is the author of the popular book "FIRE Your Retirement". He is an independent financial adviser with more than a decade of knowledge and experience in providing financial advisory services to both individuals and businesses. He specializes in investment planning and portfolio management for early retirement. His blog provides practical financial tips, strategies and resources to help people achieve financial freedom. Follow his Telegram Channel to join the FIRE community.
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