GIC confirms abuse of CPF
CPF monies are state reserves managed by GIC primarily to benefit the government, not CPF members. This was confirmed by GIC in 2015: (link) Questions which thinking CPF members should ask the PAP government: 1. Why is the PAP government using our CPF as “a key defence of Singapore in times of crisis”, ie to “mount a...
Will taxpayers be screwed by Temasek’s childcare investment again?
2008: Temasek lost more than S$1/2 billion in childcare investment. With additional millions in tax dollars from Temasek, MindChamps looks set to go on a buying spree, as Temasek did a decade earlier. Will history repeat itself? Phillip Ang * The author blogs at LikeDatOsoCanMeh. Read More →
Temasek wants to make money for retail investors or from them?
Temasek appears to be as desperate as PAP to raise funds. (Temasek unit to open private equity door for retail investors). The sources of funds for private equity firms are usually wealthy/institutional investors such as pension funds. It is strange for Temasek to turn to retail investors, ie Ah Kow and Ahmad in the street. To...
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