One article on GIC by PAP-controlled media has a fake figure
On July 10, PAP-controlled media published a number of articles on GIC. According to ST, GIC’s portfolio was valued at S$489 billion Two articles on the same day quoting from the same source but two different figures? The S$15 billion question: Which article contains a fake figure? Phillip Ang * The author blogs...
Indian blood required to be Prez isit?
I didn’t know that it’s a constitutional requirement that being Indian or having Indian blood is a must to be the president. Did you? When was this change made? Wah really trying to make sure that Dr Tan Cheng Bock can’t be president. Seriously, so another Indian (He says he’s “Pakistani but his i/c says “Mama” “Indian”,...
As CPF fund manager prepares for low investment returns, PAP may remove the 2.5% CPF floor rate
GIC has predicted its own poor performance for the next decade: “.. real returns are expected to come in at around 1 to 2 per cent over the coming decade.” With inflation at about 2 to 3%, this means GIC is expecting to earn between 3 and 5% for the next 10 years. Since CPF interest rates are between 2.5% to 5%, this would...
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