How PAP transformed SMRT into pow chiak company for Temasek, CEO to be obscenely rewarded
Propaganda: Privatisation of SMRT is to improve service. Reality: Transform SMRT into 101% profitable company for Temasek. It’s fairly simple to understand this. SMRT earns fare- (about to lose money) and non-fare (pow chiak) income. With the introduction of New Rail Financing Framework** (NRFF), SMRT is guaranteed a...
Charles Chong’s million-dollar surplus claim in General Election 2015
I chuckled a fair bit when it was announced that Deputy Speaker, Charles Chong was made to be Chairman of the Select Committee to look into the matter of deliberate falsehoods in Singapore. Not because of the 64 year-old veteran politician being inexperienced or unqualified for the task but because of a controversy that he...
Minimum sum continues to increase to $181,000 while PMETs are being retrenched
According to a new update on CPF website, the new Minimum Sum (or newly termed as Full Requirement Sum) is now mandated to be $181,000 for those who turned 55 in the year 2020: The government has said that the Minimum Sum needs to be increased yearly to take into account of inflation. However, the increase appears to be not...
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