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Archive for the ‘Society’ Category
Singapore ministers very poor thing, GDP up 50% but their pay still down

Singapore ministers very poor thing, GDP up 50% but their pay still down

Ah Kow: Bro, u think our ministers poor thing or not?  Their pay hentak kaki for 5 years already. Arumugam (pointing to chart on laptop): Kow is right. Pay of ministers have been stagnant since 2012 Ah Kow: Many people say our GDP grow a lot every year.  That means ministers all work hard right? Ahmad: U believe this GDP... 

Actual Reserve vs Projected Estimate of Reserves

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 $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... 



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