The CPF fund conundrum
Some CPF facts for you to digest. In 2006 the CPF fund balance was recorded as $125.8B with 1.46 million active members. As of Q3 2018 (latest published figures) the balance is $383.9B with 2 million active members To reach that balance was a mixture of member contributions and investment returns. Starting at $125.8B in 2006...
No promises on behalf of future governments?
Future PM-designate Chan Chun Sing does it again and pontificates that “In Singapore... we don't allow any government to make promises on behalf of future governments...”. Really? If that is the case, I am rather curious and wonder what the future proposed scheme for aging HDB flats like VERS announced will amount to if...
Clarification on the Removal of GST and using of Land Sales Proceeds for Annual Budget
One of the more complex and technical question raised in yesterday's PPP Singapore Budget 2019 Forum was about our position of removal of GST with the utilization of Land Sales Proceeds for Singapore’s Annual Budget. Zaobao has reported on it and mentioned that Workers Party had raised this issue before but PAP government...
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