Protest in France over Pension Reform
There is big protests in France over the pension reform. Some reports said that over a million people joined the protests. The government wants to change the retirement age from 62 to 64 years. This means that the elderly will receive the pension 2 years later. The elderly said that the delay in the pension age is unfair. They...
Lee Hsien Loong’s visit to China
I welcome Lee Hsien Loong's visit to China and in particular, his meeting with China's President Xi Jinping. My commentary will briefly covers 3 parts. Firstly, I am disappointed from reading CNA online news that Lawrence Wong (LW) who is the leader of the fourth generation pap team is not on the list of people who accompany...
Expense ratios of sovereign wealth funds
I obtained these figures from ChatGPT. The ratio of management expense is about 0.06% of investment funds for Norway and Saudi Arabia. The ratios are much higher for GIC and Temasek, being 0.17% for GIC and 1.9% for Temasek. I do not know if these ratios are strictly comparable, but they appear to be high for GIC and excessively...
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