Correcting PM Lee’s pioneer address
PM Lee I refer to the 10 Feb 2014 Straits Times report “PM Lee outlines health-care package for 450,000 pioneers”. PM Lee reportedly paid tribute to those who were at least 16 years old in 1965 as the pioneers who built the Singapore nation from its infancy. But the Singapore of 1965 had been thriving and prospering for...
CPF is not just broken but quite possibly broke
The hot topic of the day is Central Provident Fund (CPF). When the CPF was first started in 1955, both employees and employers had to contribute 5%. Over the years, the rate was gradually increased until it reached 25% in 1985 for both parties. Surely one of the highest compulsory savings rates ever - 50 cents in the kitty for...
Roy Ngerng wouldn’t stand a chance in court
Roy Ngerng It is important to be fair to the plaintiff in this latest "defamation case". To say that the flow of funds from the CPF Board to the reserves by means of purchasing Special Singapore Government Shares and the later management (possibly poor) of those funds by GIC & Temasek Holdings is formally similar to sham...
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- Caoliangoh on Pakistan to nuke Israel if…
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