Mega losses expected next crisis, $45 billion transferred to GIC abrubtly?

Phillip Ang

* The author blogs at LikeDatOsoCanMeh.

 

 

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14 Responses to “Mega losses expected next crisis, $45 billion transferred to GIC abrubtly?”

  • Not my money, sinkies say:

    CPF has my money but now has been siphoned legally n medically to the states fund n so can be used at no accountability becos the state is pap n not sinkies. Mr Lee has dunged the once arrogant partner of jialiaobi bouting seat warmer n moon rep heart, to the dunghaus for not paying $0.25m bonus to one now executing karma over familee for learning how negative investment works n lee deemed $600 m p(ST reported) but commerce grapevine put it as not less than billions as a great success warranted for a Gpeanut bonus of $0.25m. But success grew fast n Danar got slapped for talking C in Junior Cabin.

    Philip is making Mt Everest over a ant hill. Sinkies now r so happy cos their CPH is used by them to ensured they get max $2k to pay the hospital if they get sick as a netizen editorialed here earlier. So if the karma executor n DHS bankrupted GIC or whatever, it is no sinkies worry n no bureaucrat worry since populism is a political filthy word except at a General Election. How nice greed, hunger n aggressiveness with Santosa Cove n B Club!

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  • Health or roof impt:

    See Dr impt of have a roof impt. PAP talents want u to be healthy so u can brave the sun n rain n sleep in the dump. OK. See how they work so hard until they get hear attack to let u use cpf to pay insurance so that u can pay dr wit so much money $2k man.

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  • C’est la vie:

    *****
    At the rate “she’s” going at, … it won’t matter what’s left in the CPF coffers or the values of HDB, the whole damn local “vibrant economy” will crash and burn, … before everybody’s very eyes !!!
    ***
    *****

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  • HDB flat worth ZERO @ 99:

    Strait Times: Technology will never replace teachers: Ong Ye Kung

    Partly true. The role of teachers will change as more and more courses and degree goes online. They will be mentors instead of teachers. Students will need to do more learning on their own and the mentors will answer question / clarify topics instead of giving lectures.

    In Singapore, private tuition teachers can replace the teachers hired by MOE to teach in local schools.

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  • Stop donating!:

    Straits Times: Pool of donations gets bigger, though other priorities stop some from contributing

    Singaporeans should stop donating to charities in Singapore. Why? Because if anything should receive a donation it should come from the Government, PAP Ministers and/or top civil servants. They have all the money and make millions each year. Do not give them a “free-ride”. Look after yourself and your family.

    Charity begins at home and for the foreseeable future until regime change, it should stay at home.

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  • WakeupSG:

    We have to ask ourselves:

    1.Do you still want this POFMA government to gamble away our CPF money?

    2.Do you want the whole truths (now we only know half truths) to be covered up by this POFMA government?

    The future of SG is in our votes come GE2019!

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  • Moral Decimation:

    The marks of the Hypocrite are four-fold:

    As he speaks with you he lies;
    His promises to you he fulfills not;
    Your trust in him will he betray;
    When he disagrees about something he will feud with you.

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  • Which other countries able to:

    But the Singapore electorate has spoken. The PAP leaders deserved to be continuously paid the highest salaries and productivity bonuses in the world.
    Our SWF is still one of the largest in the world. Which other countries were able to achieve such feat?

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  • wats become of our country:

    we’ll only see our cpf on reaching 90yo ..
    retirement age pushed forward to 99yo.
    reserves nearly emptied liao…plus..
    …sgporens are all happy! collect cardboard for exercise only.
    by then our cpf just enuf to pay for funeral and coffin…cuz of inflation rapidly rising unchecked in this red dot.

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  • Happy to see locals suffer:

    Happy to see another PAP’s fantastic work. Very soon all locals will rent HDB flats or rooms from FTs and PRs and jobs taken away. You guys can complain but useless bcos come election, you still vote for PAP. More CPF money will be lost, more troubles will emerge, more local sleep on the street. Vote for PAP and kick Singaporeans out. One day if I cannot make money here, I leave this place.

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  • LIONS:

    CPF IS NOT YOUR MONEY?

    Now,its beginning to look like HARD TRUTH?

    DONT WORRY,CHEE KOH PEKs can still go to BATAM AT 90???

    Meanwhile,if you lose your jobs at 45,you gonna COLLECT CARDBOARD for NEXT 45 YEARS ON?

    WELL DONE,LEE AH LONG,YOU ARE THE BEST AT SCREWING YOUR OWN COUNTRYMEN.
    Still,DAFTS think highly of you.

    A ONE-EYE-JACK IS *KING* IN THE VALLEY OF THE BLIND???

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  • UniQ:

    HDB flat worth ZERO @ 99:
    Strait Times: Technology will never replace teachers: Ong Ye Kung
    Partly true. The role of teachers will change as more and more courses and degree goes online. They will be mentors instead of teachers. Students will need to do more learning on their own and the mentors will answer question / clarify topics instead of giving lectures.
    In Singapore, private tuition teachers can replace the teachers hired by MOE to teach in local schools.

    Reason is that they could brainwash the Teachers and thus the Teachers could Brainwash the MASS. This is currently happening in US and Europe High Schools and Universities.

    Above is not Fake News. Do go and do a research on how extreme the younger kids think today without knowing what is the agenda behind having such act. Example the acceptance of socialism or 1 party rule.

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  • Mr Profmanathan:

    When sg has squeezed in 10million population, and Financial crisis strikes again inevitably, the country will be bankrupt or not? Can sg provide so many jobs for the jobless?

    This model is destined to fail catastrophically

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  • No Of Teachers Reduce:

    I used to work for a US IT Company for more than 30 years. About 25 years ago, my company sent me to Texas USA to visit a customer site and study their application.

    I visited a school that have more than twenty schools under their brand. My counterparts brought me to a classroom where there are TVs and cameras installed in the class. The subject teacher was teaching the class and the lesson was beamed to the other twenty schools with TVs and cameras installed, at the same time.

    They were using Broadband Technology with cables connecting all the schools together. If a student from any of the school have a question he can go in front of the camera and put up his hand to ask the teacher. The teacher will reply or write on the board and the students can see via the transmission.

    This is indeed very high Productivity. Using only one teacher instead of twenty teachers to teach the lessons.

    I came back and discussed with Singtel people and they were very excited. But we cannot do the job as this technology is not available in Singapore and the infrastructure is not there.

    Only Now we have the technology and the schools , ITE, Polys and the unis are recording the lessons on Optical Drives and if the students is sick, he can view the lessons on his PCs at home.

    Although Technology cannot replace the teachers, but it can drastically reduce the number of teachers being employed. The Minister is reassuring the teachers and principals as he does not want the PAP to lose more votes.

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