The money you pay is for GIC and Temasek to earn
Maybe it's easier with quick numbers: your social services in Singapore (1) CPF RETIREMENT FUNDS - you earn 2.5% to 4% on the majority of your CPF monies - GIC and Temasek Holdings earn 5% to 15% ∴If their earnings are returned to you, Singaporeans will be able to have adequate retirement funds (2) MEDISAVE HEALTHCARE FUNDS -...
The American Logic
When there isn't any clear evidence that Chinese Huawei 5G products are a security threat, the Americans wanted the world to stop using Huawei products. Of course, many countries resisted. Among the World's Top 5G equipment vendors - Ericsson, Nokia, Huawei, Samsung AND ZTE - none of them come from America or its NATO Allies!...
Why massive forex losses at GIC will further delay CPF payout
In order for CPF members to withdraw our retirement savings, GIC would first have to divest some assets and convert the amount to local currency. Unfortunately for CPF members, the Singapore dollar has appreciated against most currencies over the past 1 to 2 decades. And 100% of CPF is invested in overseas assets. Forex...
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