Million-dollar ministers/elites needed to produce peanuts returns for CPF members?
Singapore’s CPF system will NEVER provide adequate retirement funding for CPF members. The results produced by our brightest PAP elites speak volumes of their incompetence: our CPF returns have stagnated for more than 2 decades. PAP elites are a total disgrace, especially when compared with their counterparts – who earn...
Does Singapore have 3 sovereign wealth funds?
Singapore is known to have only 2 sovereign wealth funds, ie Temasek Holdings and GIC. But according to a trusted website, Sovereign Wealth Centre (SWC), Singapore has 3 sovereign wealth funds. New kid on the block is “Central Provident Fund Board” which has been listed as a “new” fund. If this is true, then why...
Is our CPF really invested in SSGS or somewhere else?
The common understanding is that our CPF is invested in SSGS which provides guaranteed low returns. CPF funds are managed by GIC which invests in overseas assets. But according to the MAS, CPF members’ returns include ‘interest earnings from investments held in funds that are administered by the CPF Board’. (see image...
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