Is Tharman hinting at a CPF drawdown age increase?
I refer to Deputy Prime Minister Tharman Shanmugaratnam’s suggestion that the retirement age has to go at some point allows older workers to continue working if they wish to, given that each generation is healthier than the previous. While I welcome this, I also have a suspicion that it sets the stage for raising the drawdown...
Will CPF members be stucked with UBS investment for 300 years?
Is GIC as good a fund manager as PAP claims or has it been reckless with our CPF? One way of assessing GIC is to look at how it manages its largest investment, UBS. This will give one an idea of how smaller investments are managed. In the case of its $14 billion UBS investment: – it had clearly thrown caution to the wind and –...
PAP town councils compromise safety of 2 million residents with China-made lifts
Now that the LTA has been caught flip flopping after helping SMRT to conceal issues with China-made trains, the next question to ask is whether there are also issues with thousands of China-made lifts. That Chinese products are inferior and lacking in QC is a fact: China has been competing on the basis of lower prices. As...
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