SG govt made surplus of S$187B from 2005-2012?
According to the Singapore government’s latest budget statement ( LINK ), the government’s budget surplus was SGD 3.86 bn (SGD 3.61 bn before NIRC and top ups to endowment and trust funds) for 2012. However, according to the “Monthly Digest of Statistics Singapore” published by the Department of Statistics, the same...
Why Ho Ching Won’t Respond to Me
Dr Christopher Balding I am frequently asked why Temasek or the Singaporean government refuses to respond to what I have written about the obvious discrepancies in their financial accounts. The answer is simple: they cannot respond. Let me explain some of the reasons. First, Temasek and the government of Singapore know...
The Problem with Temasek in 3 Pictures
No words used or necessary: . Christopher Balding * The writer is a professor of business and economics at Peking University HSBC Business School. An expert in sovereign wealth funds, he has published in such leading journals as the Review of International Economics, the Journal of Public Economic Theory, and the...
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