Former military personnel trained by GIC to manage hundreds of billions in CPF and state reserves

Phillip Ang

* The author blogs at LikeDatOsoCanMeh.

 

 

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21 Responses to “Former military personnel trained by GIC to manage hundreds of billions in CPF and state reserves”

  • Phillip should not worry too much on the qualification and background of person/s being appointed. It can appoint an entire brigade from the SAF or the entire USA congress it wouldn’t have mattered.

    Reason simply being only one leeder will be calling the shots and signing the checks. lol

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  • if you hav any duds to offload:

    No exposure to the competitive private sector or the real world. Easy bait. Will be, and have been easily outwitted by anyone who wants to offload any duds. Haven’t we seen that several times previously already?

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  • Maggie Mee:

    They don’t need experienced fund managers, who cares, money flow unlimited. What they need “yes sir”, and guess where is the best training ground for this attributes?

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  • Perspective:

    Why does a small country need to promote so many generals if they are not going to remain in active duty? Wouldn’t it be better to use the resources to train those who want to make a life-time career in the military than to spend them on scholars with no intention to be career soldiers. To have attained the rank of general, one would think that he would be more useful and needed in the army.

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  • PAP Root of All Evils:

    He is on his perpetual OJT, by the time he got up to speed it’s already billions of dollars lost, though not wholly attributed to him but he is and the team is the product of the culture. The fact is the culture of this organization does not produce any performance and net returns. It is the same for many GRCs and government institutions, they are plagued with very similar problems.
    When you have seen one in depth, you have seen it all. In the past there were a few aberrations, such as Philip Yeo, whose abrasive remarks and EQ lacking focus on outcome got those lemmings on their toes to deliver results. Accountability was largely extracted, which helps EDB to overcome certainly inherent flaws in the system. When there are strong personalities in the administration, naturally there will be tension, as a result politickings and factionalism.

    Now the government is flooded with only yesmen. The only consolation is that the root of the problem is clearly more visible, once that is removed, one could definitely see an upsurge in performance and result.

    The question now is, where and who is the key problem?

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  • Bapak:

    Such position is to jaga someone’s interests. Very simple job. Ah Seng, Ah Meow or Ah Kow also can.

    All this big talk on paper qualification is just a smoke screen. The most important qualification is Jaga MUST knows how to salute and where to find such person? Uniform group.

    Now you know why Indian can be Malay oso. Salute!

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  • NotMyProblem:

    TRE Techie:
    Phillip should not worry too much on the qualification and background of person/s being appointed. It can appoint an entire brigade from the SAF or the entire USA congress it wouldn’t have mattered.

    Reason simply being only one leeder will be calling the shots and signing the checks. lol

    With the “Fake News” law, life would even be better for the PAP!!

    One Minister’s word is enough to stop everything.

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  • why suffered in silence:

    The appointment of military personnel to helm key post in GIC and statutory boards has been a common trend under Pinky. Of course they will claim that global search failed to recruit talented fund managers and these military personnel are the most suitable. Could these be the reason why Temusick is losing massively? Perhaps the chinese proverb might yield an answer “Rear army for thousand days just to use it for one critical moment” Are we replicating the Thai politics, time will tell.

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  • decorative flowers:

    //should not worry too much on the qualification and background of person/s being appointed.//

    many (most of the time) are decorative flowers trying its best to give some tinge of credibility where 151th standard will work hard to spin ?

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  • RDB:

    Yah lor! If not how n nepotism ever can not only work but flourish too. Isn’t this uniquely Singapore since 1959?

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  • RDB:

    And so @TRE Techie: April 5, 2019 at 4:47 am (Quote),

    You mean that governing Sg does not have to be really and smart? You made me LOLL not because you don’t make good and proper sense, but that it made governing Sg since 1959 made both the voters and the governing party since then uniquely not smart but “Smarties” indeed? LOLL… !!!

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  • Apek:

    Thought superheroes only comes from Hollywood.

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  • 2 Elemts:

    $ + Power

    g1c+3masek:

    Ah Long dynasty for his son holds on 2 important things, Money [g1c+3masek] and Army loyal to him… will never let go one….. you think newPM&wife will take over [g1c+3masek] or NOT?
    :

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  • KNN:

    “Reason simply being only one leeder will be calling the shots and signing the checks”

    Which one??? The one in cabinet or the one wearing the pants???

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  • Dinesh Subra Niam Niam:

    Look at the bright side, if you are a scholar, you don’t need relevant experience to head various organisations. Which is great. You can get your dream job without going through all those relevant experience shit the private sector gives you.

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  • Bobo:

    This is a piece of important information public should be aware of. As long as Ah seng, Ah gong, Ah hui or Ah huai from SAF, scholar or Yes men group, they can take the position leilong to them. Overnight, they become Mr Teo Toto, Mr Heng Ah Seng and Mr Sibei Song. Appraised by 70% gods of fortune.

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  • rukidding:

    Their REAL INTENTION is to put Obedient dogs to guard their own interest ! Nothing new !

    Only those 70% dafts are blind to it !

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  • HarderTruths:

    SAF men have no brains – only know how to follow orders.

    The reason to use them as scapegoats is a tried-and-tested method to deflect blame from whom is actually making decisions. This technique goes all the way back to LKY.

    Problem solved.

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  • ready to 'fire'?:

    one ‘Founder’ warned that if the opposition gets in
    and forms the government, the army would be sent in!
    how many top army personnel oredy helming the many ministries.
    is the gov getting set to put in place an army junta ?

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  • Oligarchy and the Crony:

    The real difference between an oligarchy and democracy is the locus of wealth concentration.

    The national retirement savings fund has moved from being a communitarian integral towards being a de facto capital pool for the reigning oligarchy.

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  • Great news Negative investors,:

    Be ready Singaporeans. More billions will be strewn internationally by our new batches of Negative investors Generalissimo Singapura certified by Gorilla Institute of Negative Investment GINI intimately intertwined with Gorilla Ignorancevestment Cocky GIC! Ha ha daft Singaporeans, CPF = insurance casino, HDB Tsurami. Retirement clean table new skill to borne with Gratitude to HA Heng paying tens of thousands not S$ soory forget to insert WWIi banana JYe while Khaw paid for his repair job for S$8.

    If this is fake, GCT do tell daft Singaporeans, do ministers have medicaln dental benefits? R the wives n children included? How much is the bonus of retired ministers n MP still gainfully employed? GCT say it all to avoid speculation which no one know whether fake or real if even b4 Honorable judge unless you reveal the facts!

    How can Judges decide when the truth is not revealed? or is it possible like the case whether you r in or out of polling area when you r said to be AT the centre of the area.

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