Returns claimed by Temasek Holdings are nonsense
Returns claimed by Temasek are nonsense: here is why As a foreigner in Singapore with an inclination for wealth management, one of the issues that have caught my interest (apart from the Roy Ngerng story) is the curiously high returns reported by Temasek. As Christopher Balding of Peking University has pointed out, the returns...
HDB’s $1.93b deficit is left pocket, right pocket
In and out of the government’s pocket that is. Nevertheless, Mr Liang Eng Hwa, deputy chairman of the GPC for National Development, finds himself saying “To me, it’s essentially social spending. In public housing you need subsidies.” To some, the earth is flat and the internet has not been invented. But who is he kidding? Any...
Inflation comes down with less foreign workers in SG
PAP Govt - One Trick Pony Here’s a note prompted by TRE reader “Goons” having a rant after the ever-helpful MSM reported that inflation has fallen near 5 year low: “It’s nonsense that tightening FT influx pushes up inflation!” (https://www.tremeritus.net/2014/11/26/hogwash-of-tightening-ft-influx-pushes-up-inflation/) Contrary...
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