Singapore is actually bankrupted by the GIC and Temasek
Below is the reason why we are number 9 behind the bankrupted Greece and Iceland. Let's recall back in 1993 when our ex-president Ong Teng Cheong had asked parliament how much is our national reserves, the reply he received was that it will take 56 man years to produce a dollar and cents value of the immovable assets. Not only...
Change or no change? Then or now?
After the tears have dried up, after the whispers of change have evaporated things are back to normal. Last week at the Economic Development Board's 50th anniversary dinner, investors asked Mr Lee Hsien Loong if Singapore will change direction after the recent General Election. No, he assured them, the PAP's policies will not...
Minister Shanmugan forced to eat his words
Last Friday at a seminar organized by IPS, Minister Shanmugam tried to intimidate some of the candidates running for President. He made the following speech: http://news.asiaone.com/News/AsiaOne%2BNews/Singapore/Story/A1Story20110806-293038.html According to Minister Shanmugam, The President can only speak and act as advised...
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