Temasek and PAP take Singaporeans for fools

Temasek and PAP take Singaporeans for fools because we fail to demand our right to information which should be in the public domain.

Secrecy surrounding the management of our reserves should be a concern but most Singaporeans remain indifferent.

Do reserves belong to all of us or PAP and Temasek?

Read Temasek annual report.
Basically what we NEED to know is all undisclosed!

 

 

Phillip Ang
.

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10 Responses to “Temasek and PAP take Singaporeans for fools”

  • Dear Mr Ang:

    When they say equity has increased, did the increase come from more loan from the government (from our cpf or wherever)?
    When they say asset has increased, did Temasek borrow more money from the public based on the good credit rating of Singapore?
    Only a few insiders know, not even the late EP Ong Teng Cheong knew what and where the asset/money is. Halimah happily approved of course with the “advice” of her PC to use some of the past reserves.
    Did Ong Teng Cheong get $3-4 million a year?

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  • TumasikPatriot:

    Phil, when you sleep with the PM and is on TOP all the time…no need to DISCLOSE lah!!! especially when you wear the Pants and he wears PinkPanties

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  • Harder Truths:

    The aim of these so-called Reserves is to make the people who handle them rich – very very rich. It has nothing to do with the citizens or our future or what we have saved for a rainy day.

    It may be there is nothing in the vaults but IOU’s to banks. Regardless, the escalation of payments for handling these ‘Reserves’ never seems to end.

    That’s what it’s all about. It’s what they are able to take now, not what is there for you after you are dead.

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  • xoxo:

    The once good sgs working at TEMASEK has all been succeeded by very $ICK N ARROGANT PAPple.
    Despite their superlatively underperformance ,THEY STILL THINK HIGHLY of THEM$elves.

    TEMASEK HLLDINGS HAS BECOME Tema$ICK HOle-dings.

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  • AristoCATs – State Secret?:

    Singapore Financial Reserves – State Secret?

    Why?

    HK and Norway are transparent. . .Hmmm

    https://tinyurl.com/y53w2hwl

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  • Pap has the mandate:

    The Singapore PAP Government lacks accountability, responsibility and transparency, blatantly with impunity……period. What a f$%k type Government.

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  • Ho Ching gets a free ride:

    It is called Temasek HOLDINGS because it “holds” the Government’s investment in commercial companies in Singapore. The growth of the Temasek’s assets and profits could be easily due to the government transferring companies to Temasek its investment holding company in a Singapore. Ho Ching had no role to play in this.

    Also, Temasek-controlled GLCs have their own board of directors. Temasek does not get involved in operational matters of its subsidiaries and affiliates. So if they do well Ho Ching got nothing to do with it.

    Ho Ching should only be judged and held accountable on the overseas investments made by Temasek. She should not get a “free-ride” on GLCs in Singapore. Overseas she lost BILLIONS when she invested in Merrill Lynch and Barclays. But she was not held accountable. Why?

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  • Scam:

    When the Emperor steps down soon, he will ensure the remaining Ministers will not give-in to public pressure to disclose Empresses salary.

    Only way he can make sure Ministers protect the secrecy of her salary, is for Emperor to become the next Minister Mentor.

    Singaporeans must make all the noise now – We dont need a MM. It’s a waste of taxpayer money. Emperor will have full control of his puppet Ministers and MPs for another 5 yrs.

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  • Harder Truths:

    On a lighter note, SIA has cut staff. Hopefully all of them are pappy voters.

    https://sg.yahoo.com/news/singapore-airlines-group-cuts-4300-jobs-lays-off-2400-staff-103601048.html

    More local-born citizens joining Jobless Associates. Going to ‘re-skill’ so they can be told they are still useless and be rejected by more FT companies.

    This is just the start. More to come. We are in a BIG recession or possibly depression. Time to pay the piper, you pappy voters.

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  • Harder Truths:

    Maid-basher steps down from his posts?

    https://sg.yahoo.com/news/liew-mun-leong-steps-down-from-cag-temasek-following-overturned-verdict-on-former-maids-case-123244912.html

    If he is so clean and wholesome why must give up millions? Or is he really giving up?

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