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According to Lonergan, the term IoT was coined before smart phones, tablets, and devices as we know them today existed, and there is a long list of terms with varying degrees of overlap and technological convergence: Internet of things, Internet of everything (IoE), Internet of goods (supply chain), industrial Internet, pervasive computing ...
In February 2006, Lee announced a S$2.6 billion Progress Package [31] [32] to distribute budget surpluses in the form of cash, top-ups to the Central Provident Fund, rental and utilities rebates, and educational funds. The cash bonuses were distributed in early May 2006.
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