PAP’s ‘forever-tomorrow’ rainy day suggests reserves may have been wiped out
The PAP has schemingly legislated the perpetual accumulation of past reserves which could only be spent on a rainy day. But when the rainy day came years ago, PAP refused to spend a single cent. Something appears not quite right when the it continues to channel more funds into GIC at every opportunity. To better understand...
A perspective of the Elected President scheme
Dr Tan Cheng Bock The spectre of Dr Tan Cheng Bock being elected President in the next Presidential Election had been haunting a diffident PM Lee Hsien Loong and his drolling Cabinet for a long time after the last EP election in 2011 when Dr Tony Tan won by a miniscule 35.2 % with the PAP fearing and declining a run-off. Dr...
CPF Investment Scheme – Another bird brain scheme to be shelved
Actually not nice to call this a bird brain scheme. Dunno whose stupid idea was it. Ok not nice to say stupid idea also. When it was started, remember, the media was flooded with glowing reports about how such investments in equities would grow in the long term, 20%, 30% etc etc. Definitely, guaranteed, better returns than putting...
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