NKF has 8 years’ reserves!
NKF Financial Report 2012/2013 Leong Sze Hian was quite disturbed by NKF’s 8 years reserves and still wanting to start raising more funds. According to Leong Sze Hian, in year 2013 NKF still had a surplus of $6.6m, not negative or drawing down from its reserves. Actually hor, the reserves should have another $6.6m added. Is...
Straits Times uses ‛trust’ to whitewash the truth
The Straits Times has commented on the exposé of how the PAP had used the CPF-HDB to trick Singaporeans and entrap us. This was (all) that The Straits Times said: For example, a recent conspiracy theory by a blogger went viral on the Internet, accusing the Housing Board and Central Provident Fund (CPF) of colluding to cheat...
Spending wisely – Goh Keng Swee and the ‘all bus system’
Dr Goh Keng Swee In the late 1970s, the Singapore government leaders debated whether Singapore should build an MRT system. Most people, including me, were in favor of the MRT system. I had the experience of using the Underground in London and was convinced that it would be a better long-term solution. The Finance Minister, Dr...
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