Investments can pock kai no issue to GIC, $15 billion guaranteed CPF inflow for GIC annually
GIC manages more than S$400 billion in CPF monies. Thanks to PAP’s constant tweaking of CPF rules, GIC receives about $15 billion in net contributions annually. Besides increase in CPF, GIC also manages additional billions in tax dollars set aside for Merdeka Generation and Pioneer Generation packages, etc. With additional...
Sinking of SPH has begun, former paper general CEO Ng unstoppable
Since taking over SPH in 2017, former paper general Ng’s idea of turning around the sinking ship is to retrench staff. Or follow in the footsteps of GIC: invest in overseas student accommodation. Ng should note that unlike Singapore where PAP – the biggest landlord – could enact legislation in favour of the … landlord,...
A better way to distribute the Huawei discounted mobile phones
Huawei offered a promotion to sell discounted mobile phones to senior citizens for $54, which is about one third of the retail price. A limited number of phones are offered at each outlet. Many senior citizens queued up for hours. Those who were not able to buy them, as the limited offers had run out, were angry that they have...
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