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Why the current CPF system is making Singaporeans poor

Why the current CPF system is making Singaporeans poor

Many Singaporeans think they have only a small sum in their CPF, and therefore the interest rate does not matter much. They are very very wrong. The power of interest building up on interest over a few decades is very very big. If you start at 25 and have a small CPF sum of $10,000, what do you expect your $10,000 to be when... 

We need a revolution in accountability and transparency in Temasek and GIC

We need a revolution in accountability and transparency in Temasek and GIC

The Canadian Pension Plan Investment Board (CPPIB), which invests the pension funds of Canadians, has published its annual report. It is a model of clarity as it fully accounts to every stakeholder who contributes to this fund on how the fund has performed over the last year. In summary, the CPPIB reported: a) $239 Billion net... 

How can Singapore survive in the post-globalization world?

How can Singapore survive in the post-globalization world?

After attending the G20 meeting in Osaka, PM Lee said that the world leaders did not make much progress on the challenges facing the world - on climate change, trade, economic growth. My comment is - That's right. We are entering into a post-globalization world. Where will that leave Singapore? We need a new strategy to survive.... 



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