While Norway insists on transparency, our Familee-managed SWFs prefer the fishing in muddy waters
Yesterday the Financial Times reported that Norway’s Finance Ministry had forbidden its sovereign wealth fund (SWF) from investing in private equity. In the article the Norwegian Finance Minister said that “Private equity does not fit the model we have chosen for the fund. The greatest challenge is openness, information...
Are there errors in budget statements or are ministerial salaries much higher than disclosed?
Last month, DPM Teo told Singaporeans that the PAP-approved ministerial pay review committee had recommended a $100,000 increase in the annual salary for an entry-level minister to $1.2 million, among other recommendations. CNA Despite having ‘sound’ justifications for the increase, the recommendations were rejected...
Five enduring myths that threaten our future
WHEN YOU LIVE your whole life experiencing one and only one ruling party and fed the same political yarns over and over for half-a-century, it is hard to adopt a worldview that is radically different your overlords'. These views, often unconstrained by regard for factual information, become more than articles of faith; they...
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