TR EMERITUS

Poor Christopher Balding is asking all the right questions, but the answers won't be forthcoming. With the passing of Dr Toh Chin Chye, only one surviving member of the old guard can unlock the secret. We can't be too sure if dad will allow sonny to have the keys to the car. "To be clear there is no public record of expenditures... 

I have gotten emails asking if I can simplify some of the points I have been trying to make, so I have decided to try putting up pictures that capture some of these points.  Hopefully, a picture will be worth a thousand words. The first figure is a comparison of the FTSE Strait Times Index and the MSCI Singapore equity... 

Part 1 and 2 of this series of Singaporean public finances focused where the cash from the increased indebtedness has gone and the role of the Central Provident Fund in providing a low cost easy access source of funds for the government of Singapore.  Since I answered most questions about the CPF in Part 2, people started...