In SMRT fatal accident, the buck stopped well short
There was a tragic accident on the tracks of SMRT in March. As if that tragedy wasn’t bad enough, SMRT management decided to create another tragedy by sacking the two staff members, one of whom is the driver of the train involved in the accident. There isn’t much about the other staff member who was sacked. Not sure what...
GIC retained $61.5 billion of CPF members’ returns during last 2 decades
Over the years, PAP has become more brazen and has retained increasing BILLIONS in CPF returns to supplement the budget. Although GIC’s long term returns are about 6%, about 2.5% is confiscated by the government annually for a non-existent CPF guarantee. As a result, tens of billion$ have been lost by CPF members. Some context: From...
A perspective of the Elected President scheme
Dr Tan Cheng Bock The spectre of Dr Tan Cheng Bock being elected President in the next Presidential Election had been haunting a diffident PM Lee Hsien Loong and his drolling Cabinet for a long time after the last EP election in 2011 when Dr Tony Tan won by a miniscule 35.2 % with the PAP fearing and declining a run-off. Dr...
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