Budget 2019 – possible to abolish GST
I searched the MOF website for details of the revenue and expenses for Budget 2019. I found many colorful charts and figures showing how the government is taking care of the needs of various groups of people. Here is an example. I searched for the actual figures on the revenue and expenses. I wanted to see if it is possible...
Serious and fundamental flaws in how our CPF funds are allocated
The size of Singapore’s CPF fund as of Q3 2018 was $383.9B, equivalent to approx. US$284B with 2 million active members and approx. 800,000 retirees. We recently heard that the average return is a few hundred dollars for a maximum of 30 years. (incidentally our CPF fund is the 8th largest “pension fund” in the world when...
Why abandon a strategic national asset?
I received this email from a friend, who has not invested in Hyflux. Hi Kin Lian. Hyflux was once a "national strategic asset" strongly encouraged by authorities to "sink" their precious savings including CPF. It is now "abandoned" by same PAP "elitist" team. I am fascinated by what Indonesian tycoons saw in Hyflux with their...
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