While CNA, and other nation-building media, reported “CPF interest rates to remain unchanged”, the editor of a government mouthpiece appears to be sleeping on the job or trying to get in PAP’s good books. Fact – CPF OA interest rate will remain unchanged at 2.5%.
At least Yahoo did a better job by misleading correctly in “CPF interest rates of up to 3.5 per cent extended”. The majority of CPF members will not receive 3.5% because the additional 1% is only on the first $30,000 for members aged 55 and above.
SPH editors might as well report “CPF OA rate stays at 6%” because that’s the highest interest rate applicable to members aged 55 and above. Again, that’s only on the first $30,000.
Hmm … I wonder if this is related to our 150th press freedom index ranking, almost overtaking the Democratic Republic of the Congo, heading to the bottom.