How an innovation panel can help to make changes
I have suggested the formation of an innovation panel to be the catalyst for change in Singapore. Let me explain the need for this panel and how it can carry out its work. There are so many things that are wrong in Singapore and have been unattended for decades. The citizens have brought them up many times in the past. Nothing...
Why the current CPF system is making Singaporeans poor
Many Singaporeans think they have only a small sum in their CPF, and therefore the interest rate does not matter much. They are very very wrong. The power of interest building up on interest over a few decades is very very big. If you start at 25 and have a small CPF sum of $10,000, what do you expect your $10,000 to be when...
We need a revolution in accountability and transparency in Temasek and GIC
The Canadian Pension Plan Investment Board (CPPIB), which invests the pension funds of Canadians, has published its annual report. It is a model of clarity as it fully accounts to every stakeholder who contributes to this fund on how the fund has performed over the last year. In summary, the CPPIB reported: a) $239 Billion net...
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