The danger when a future Prime Minister does not understand economics
Speaking at the Public Sector Transformation Awards ceremony on Wednesday (4 Jun), Minister for Trade and Industry Chan Chun Sing said that a new mindset is required for civil servants to transform Singapore’s public service. “If we keep doing things the same way, we will do injustice to ourselves and our country. If we...
‘Fact’: National debt of Singapore
Click to enlarge As Singaporeans become more vocal about their unhappiness about a raft of unfair or failed government-mooted schemes for example, the asset enhancement scheme, Careshield Life medical insurance scheme, and the inadequate CPF retirement funds, the government and its IB are on the defense, publishing their “facts”....
GIC confirms abuse of CPF
CPF monies are state reserves managed by GIC primarily to benefit the government, not CPF members. This was confirmed by GIC in 2015: (link) Questions which thinking CPF members should ask the PAP government: 1. Why is the PAP government using our CPF as “a key defence of Singapore in times of crisis”, ie to “mount a...
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