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...
FTs and Zika/ The dog that didn’t bark
Aedes mosquito Did you know that FTs account for 35% of the Zika cases here? OK 34.78% leh Taz the conclusion based on the u/m facts reported in the FT — the total number of confirmed cases rose to 115 in the largest single outbreak of the virus in Asia; and — 21 Chinese nationals, 13 Indian citizens and six Bangladeshi...
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