GIC, manager of CPF funds and state reserves, should not conceal lower S$ returns
Before 2010, GIC had disclosed annual returns in Singapore dollar. (GIC reports, see pg 10). There was no reason to change the reporting currency because all returns would eventually have to be converted to S$. And Singaporeans have the right to know GIC’s actual performance. As can be seen from the chart above, returns...
To dish out the same old script and same old tricks is to take Singaporeans for granted and for fools
The one thing, Prime Minister Lee Hsien Loong and his government can be counted on to do year after year is to remind Singaporeans that they are so fortunate to be better off than the generation of 50 years ago. PM Lee did it again at the National Day rally 2018 and this time he went the whole hog. As if reminding that Singaporeans...
The rights of silence needs resuscitation
Was having coffee with a friend who is about to be questioned by the police. He said he will exercise his right of silence until he sees his lawyer and obtains legal advice. His jaw dropped to the floor when I told him that the right of silence was abolished by the government in 1976. I added that if he doesn't answer the questions...
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