Actual Reserve vs Projected Estimate of Reserves
The Projected Estimate of Reserves should have crossed $1 trillion by 2005 under conservative estimation. This is calculated by adding all: - land sales revenue - foreign direct investment - CPF contributions - Yearly budget surpluses and deficits - Compounded returns of reserves - Transfers from statutory boards and assets...
The $13.2 billion question: Pension Fund should not increase by $3 billion since 2011, number of pensioners dwindled after 3 decades
The PAP government has recently disclosed a shocking liability: $13.2 billion Pension Fund. (Statement of Assets and Liabilities) This is an increase of $1.85 billion over FY2015. PAP should clarify the need for an additional $1.85 billion because the pension scheme for civil servants was phased out 32 years ago for the...
Dr Chee: Create problem, exacerbate problem, then make people pay for problem
“TICKING TIME BOMB”, “tsunami”, “unprecedented”. Scary words but words, nevertheless, used to describe the not-so-small problem of Singapore's ageing population. Indeed, this year marks the sobering point where, for the first time in our history, the proportion of folks 65 years and older matches that of younger...
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- Caoliangoh on Pakistan to nuke Israel if…
- Pandora’s box on Iran’s ‘Terrifying’ New Arsenal Brings Israel To Its Knees
- Liar on Pakistan to nuke Israel if…
- unprovoked aggression on Iran’s ‘Terrifying’ New Arsenal Brings Israel To Its Knees
- PAP mandate strong on Pakistan to nuke Israel if…
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