Why is GIC betting bigger with our CPF?
I refer to “GIC beefs up real-estate portfolio with US$8.1b (S$10.58b) purchase of Ind Cor”. (BT, 3 Dec) Blackstone had plans for IndCor’s IPO which valued IndCor at about US$8 billion before GIC stepped in with its US$8.1 billion offer. By taking a 100% stake, should the market for industrial property turn sour, it would...
Town councils: Another ‘half the story’ clarification?
A picture is worth ten thousand words. We refer to the Ministry of National Development’s (MND) press statement on town councils’ surpluses and government grants. Kind of like “AIM”? Just like the AIM report – this also is like telling “half the story”. Breakdown of flats? Why not just give the breakdown of the...
63,900 job vacancies – mostly low paying jobs?
63,900 job vacancies We refer to the article “Shortage of skilled staff in some sectors with 63,900 vacancies in June” (Straits Times, Sep 16). 12,000 more vacancies than last year It states that “There were a record 63,900 vacancies logged in June, nearly 12,000 more than a year earlier, according to Manpower Ministry...
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