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TR EMERITUS

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Author Archive

Maintaining stable Singapore dollar not GIC’s function

GIC manages government reserves and CPF monies. Its aim is to generate long-term real returns above global inflation by investing 100% in overseas investments. Forex intervention and maintaining a stable Singapore dollar is done by MAS, not GIC. However, Singaporeans have been told that GIC is unable to disclose the size of...

Socialism and communism

Click to enlarge Many people confuse socialism with totalitarianism. Totalitarianism is a system of government that is centralized and dictatorial and requires complete subservience to the state. The opposite is a liberal society. In the past, many socialist countries are also totalitarian but this may not be the case. They...

More than 213,000 members receive ZERO CPF payout?

Phillip Ang * The author blogs at LikeDatOsoCanMeh. Read More →

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