Another CPF/GIC investment gone ‘pock kai’, more than A$400 million loss
I refer to a May 2015 post, “GIC investing our CPF using ‘tikam tikam’ model, based on hope”, where I had highlighted “Arrium Ltd”, an Australian company with business interests in mining, mining consumables and steel. Sadly, Arrium recently went into Voluntary Administration in April and the chances of shareholders...
Is President Tony Tan a minority?
It did not escape my cynicism that when the Constitutional Commission on Elected President submitted their report to PM Lee on 17th August, the very next day on the 18th August a CNA-IPS report had this headline: Most Singaporeans prefer someone of the same race as the nation’s Prime Minister or President. [CNA 18 Aug]. And...
The only Elected President that is worth our respect is President Ong Teng Cheong
It is well known that if Ong Teng Cheong had stood against Nathan he would have won. One of the reasons he didn’t do it was because his beloved wife was dying, and he felt the President should have a First Lady. He was adamant about doing his job and he rubbed LKY and Goh Chok Tong and the Civil service the wrong way, at...
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