Govt Spends Returns from Reserves Before They’re Earned
This article is a summary of another important discussion at the end of a recent thread. The writer pays acknowledgement to the invaluable contribution from @Trust et al, who found and posted this crucial Parliamentary statement from Finance Minister Tharman on 20 October 2008 which seems to have escaped everyone’s attention. “Members...
How cheap do you want us to be, Lim Swee Say?
When I saw the above table, I tot of the Deaf Frog’s “Cheaper, Better, Faster”. There is always somewhere cheaper as above from FT article shows. And MNCs will move there: now moving from Jakarta and Vietnam to central Java. (Btw, $ + US$) “Cheaper, Better, Faster’ The apologist version of what he meant by a website...
Oversight of GIC urgently needed by Parliament
After The Straits Times had published “GIC seeding start-up fund headed by ex-CIO: Report” on 3 April, there was not even a whisper in Parliament about the hundreds of millions/billions of CPF dollars/reserves being invested. Recall Minister Vivian asking “How much do you want? Do you want three meals in a hawker centre,...
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