While Norway insists on transparency, our Familee-managed SWFs prefer the fishing in muddy waters
Yesterday the Financial Times reported that Norway’s Finance Ministry had forbidden its sovereign wealth fund (SWF) from investing in private equity. In the article the Norwegian Finance Minister said that “Private equity does not fit the model we have chosen for the fund. The greatest challenge is openness, information...
Are there errors in budget statements or are ministerial salaries much higher than disclosed?
Last month, DPM Teo told Singaporeans that the PAP-approved ministerial pay review committee had recommended a $100,000 increase in the annual salary for an entry-level minister to $1.2 million, among other recommendations. CNA Despite having ‘sound’ justifications for the increase, the recommendations were rejected...
Not wise to purposely let greedy PAP have control, will always rip Singaporeans off
Absolute power corrupts absolutely. This applies to any government, including PAP. Singaporeans need to know the extent of ‘legalized corruption’ to be aware that PAP only serve themselves, not the people. This post is a reminder for many who may have forgotten how we were ripped off years ago by PAP. Fact: From 2000...
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