PAP’s ‘forever-tomorrow’ rainy day suggests reserves may have been wiped out
The PAP has schemingly legislated the perpetual accumulation of past reserves which could only be spent on a rainy day. But when the rainy day came years ago, PAP refused to spend a single cent. Something appears not quite right when the it continues to channel more funds into GIC at every opportunity. To better understand...
In SMRT fatal accident, the buck stopped well short
There was a tragic accident on the tracks of SMRT in March. As if that tragedy wasn’t bad enough, SMRT management decided to create another tragedy by sacking the two staff members, one of whom is the driver of the train involved in the accident. There isn’t much about the other staff member who was sacked. Not sure what...
GIC retained $61.5 billion of CPF members’ returns during last 2 decades
Over the years, PAP has become more brazen and has retained increasing BILLIONS in CPF returns to supplement the budget. Although GIC’s long term returns are about 6%, about 2.5% is confiscated by the government annually for a non-existent CPF guarantee. As a result, tens of billion$ have been lost by CPF members. Some context: From...
|
|
|
|
|
|
|
|
- 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…
|
|