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TR EMERITUS

The Voice Of The Lunatic Fringe

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Archive for the ‘Policies’ Category

Maintaining stable Singapore dollar not GIC’s function

GIC manages government reserves and CPF monies. Its aim is to generate long-term real returns above global inflation by investing 100% in overseas investments. Forex intervention and maintaining a stable Singapore dollar is done by MAS, not GIC. However, Singaporeans have been told that GIC is unable to disclose the size of...

More than 213,000 members receive ZERO CPF payout?

Phillip Ang * The author blogs at LikeDatOsoCanMeh. Read More →

Investor applied for Long Term visit Pass

Five years ago, a foreigner was granted a Long Term Visit Pass under an investor scheme. He has to buy a property worth at least $500,000, put $400,000 in to a bank account and meet other conditions. The LTVP was for 5 years and can be renewed if he was able to fulfil the same condition on renewal. The foreigner sold a house...

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