MOF: Interest alone from $8 billion cannot fund PGP
Dr Yik Keng Yeong ("We have the means to expand aid", Jan 28) was mistaken when he said that "it had been stated that interest from the $8 billion Pioneer Generation Fund would be enough to sustain recurring expenditure for the Pioneer Generation Package". Both in the Budget Speech last year and in the subsequent parliamentary...
Singapore isn’t Greece, Temasek tells S&P
Commercial buildings stand illuminated at night in the central business district of Singapore. The city’s economy grew an annualized 1.6 percent in the three months to Dec. 31 from the previous quarter, less than analysts estimated, after its manufacturing industry weakened with slowing growth in China. (Photo: Brent Lewin/Bloomberg) Asia,...
LTA: Lower bid doesn’t mean higher risk
Senior transport correspondent Christopher Tan asserted that "more than nine out of 10" major construction projects undertaken by the Land Transport Authority (LTA) were awarded to the lowest bidder, and suggested that transport infrastructure project delays were caused by an "underlying problem" of the "Government's penchant...
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