Eircom: Another unwise investment?
Beleaguered Irish telecoms giant Eircom, which is owned by Singapore Technologies Telemedia, is sitting on a mountain of debt Singapore Technologies Telemedia (STT), a subsidiary of sovereign wealth fund Temasek Holdings, must make a tough decision on beleaguered Irish telecoms giant Eircom. According to The Irish Times, an...
CPF Minimum sum and why you will never get all of it
The announcement by CPF board on the raising of the CPF minimum sum to $131,000 and Medisave Minimum sum to $36,000 has taken many Singaporeans by surprise. There seem to be a lot of confusion and misunderstanding about the recent changes made to the CPF scheme. A brief history of the CPF minimum sum: 1. Before 2008, Singaporeans...
How long will the Ponzi Scheme last?
Many have commented that the public housing scheme is another Ponzi Scheme or something similar in nature. In all sense, it will die a naturally death by the time the lease expires in 99 years, all 900,000 of them. On that day, all will be worthless. There seems to be a way out though, to extend the game, by SERS, whereby the...
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