GIC masks its poor rate of return from CPF members by reporting in US$
GIC has been engaging in propaganda to ‘boost’ its performance, eg disclosing irrelevant information to mask its poor returns. Since GIC invests in only foreign assets which carry high forex and political risks, one would have expected a higher rate of return. Instead, GIC has disappointed and due to its poor performance,...
Where was Hali’s judgement between 2007 and 2011?
AWOL? MIA? Looking at her monthly CPF and bank statements? The constructive, nation-building media reported that the presumptive Madam President said making a decision to unlock the nation’s reserves is not just based on numbers but involves exercising judgment gleaned from years of experience in policy making. (Here’s...
Time to commit Hari-kiri
Minister Khaw Boon Wan once said that Workers' Party leaders should resign due to the Town Council issues. In that context, he even said "In Japan, the CEO and Board of Directors will call a press conference and take a deep bow, and in the good old days, they may even commit hari kiri." In demanding that others be accountable...
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- Caoliangoh on Pakistan to nuke Israel if…
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