TR EMERITUS

Global economy turned amber this week. Uneven economic data emanating from the US point its frail recovery, Europe erupted again in sovereign debt worries, China is slowing a little as copper, and the “PHD” forecaster of economic barometer says global economy is sliding into a slow patch. Japan is in recession now absorbing... 

Compulsory Peanuts Fund? "If that is the case...does the Government short-change Singaporeans by giving CPF members 3.5 per cent of the interest rate while the GIC makes 9 per cent (and) pockets the balance of 5.5 per cent?" -Worker's Party Secretary-General Low Thia Khiang, parliamentary session on 18th Sept 2007. "Sir, the... 

[Note: This post was originally published here back in May 2009.] A common line of thought which often accompanies the defense of Singapore's SWFs (Temasek Holdings and GIC Singapore) is that they are better investors than the common folk, that if we left Singaporeans to manage their own savings they'll turn in meagre returns...