As CPF fund manager prepares for low investment returns, PAP may remove the 2.5% CPF floor rate
GIC has predicted its own poor performance for the next decade: “.. real returns are expected to come in at around 1 to 2 per cent over the coming decade.” With inflation at about 2 to 3%, this means GIC is expecting to earn between 3 and 5% for the next 10 years. Since CPF interest rates are between 2.5% to 5%, this would...
Temasek CEO Ho Ching has earned hundreds of million$ in tax dollars, time to retire
The appointment of Ho Ching, spouse of PM Lee, as Temasek’s CEO is clearly a conflict of interest. Her multi-million pay package is but one issue. Despite Ho Ching having no prior relevant experience in managing a portfolio of companies or fund management, former PAP minister/Temasek chairman Dhanabalan was somehow convinced...
Dr Chee: It’s what we still don’t know that should scare us
THE INFORMATION THAT has emerged from the imbroglio between PM Lee Hsien Loong, on the one side, and Dr Lee Wei Ling and Mr Lee Hsien Yang, on the other, have been grist for the gossip mill. And yet, if all that we took away from this were juicy titbits of palace intrigue, we would have failed as a society. The knock-down,...
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