Temasek should disclose billions in bonuses paid to top management
Temasek Holdings is not managing private/PAP funds but Singapore’s past reserves. Strangely, the PAP government has designated Temasek an exempt private company where public funds are managed by PAP appointees and its real performance is known only to PAP’s inner circle. Temasek has been beating around the bush with disclosure...
Beware: CPF Ponzi scheme may blow up soon
The explosive growth of CPF balances is a clear warning sign that something is terribly amiss with our CPF scheme. Fact: GIC’s spectacular ‘growth’ is unrelated to its investment activities but mainly due to additional annual contributions from CPF members. According to the MAS, CPF contributions (net of withdrawals)...
China got point that Temask model ‘undesirable’?
FT reports that China has tot about and now rejects the S’pore model for state-owned enterprise reform. FT says, China “turns away from Temasek-style effort to insulate state companies from politics.” Seems the State Assets Supervision and Administration Commission thinks that promoting the Temasek model would reinforce...
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- Sporeans Keep Govt Employed on The rapidly spreading HMPV virus you haven’t heard of
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