GIC: Rubbing salt into S’poreans’ CPF woes
This is how our constructive, nation-building BT reported how GIC is adding insult to injury: AMID a gloomier outlook for fund managers globally, GIC has racked up annualised real returns of 4.1 per cent over the past 20 years to end-March this year, up from 4 per cent as at end-March last year. This return – above global...
VEP – The most expensive ERPs
Singapore govt decided to raise vehicle entry permit fees for vehicles coming in from Malaysia. Easy revenue! What’s wrong with collecting more money? Malaysia also agrees and decides to raise fees for vehicles going through Malaysia, in and out. Both govts are now very happy as they will be the winners, collecting more money...
Want slower GDP growth? Ok if property prices fall more than 20%?
When TRE republished this, Chris K* commented: In short there is as much risks in an economy growing too fast as in growing too slow. The authorities had to be counter-cyclical i.e. push in the opposite direction to lessen the risks. In Singapore, the govt is cheering on the economy on, adding fuel to the fire. Stratospheric...
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