Serious and fundamental flaws in how our CPF funds are allocated
The size of Singapore’s CPF fund as of Q3 2018 was $383.9B, equivalent to approx. US$284B with 2 million active members and approx. 800,000 retirees. We recently heard that the average return is a few hundred dollars for a maximum of 30 years. (incidentally our CPF fund is the 8th largest “pension fund” in the world when...
Disappointing that IMDA has failed as a regulator
I am much angered by SingPost’s indiscriminate distribution of commercial flyers at my HDB block (and the few surrounding blocks) because residents simply litter them all around the floor and it is such an eyesore. It was shameful to anybody who walked pass to say the least. I have highlighted this matter to SingPost repeatedly:...
Why abandon a strategic national asset?
I received this email from a friend, who has not invested in Hyflux. Hi Kin Lian. Hyflux was once a "national strategic asset" strongly encouraged by authorities to "sink" their precious savings including CPF. It is now "abandoned" by same PAP "elitist" team. I am fascinated by what Indonesian tycoons saw in Hyflux with their...
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