Why is it that Temasek does not disclose its ‘management costs’ like Norway’s sovereign wealth fund?
I refer to the article “Norway’s $1 Trillion Oil Fund Taken to Task Over Rising Cost” (Bloomberg, Jan 18, 2018). It states that “The ministry said that management costs have risen “significantly over time” and are projected to hit 3.5 billion kroner ($446 million) this year, up from 2.1 billion kroner in 2014. The...
Why is it that the cash component payout under Workfare is so low?
I refer to the article “Review of wage top-up scheme for low-income workers” (Straits Times, Jul 7). It states that “Under WIS, Singaporeans earning a gross monthly income of not more than $2,000 can receive wage supplements of up to $3,600 a year. These are made in the form of cash and Central Provident Fund top-ups.” According...
Do these arguments against giving too much help to the poor – make sense to you?
I refer to “No need for poor families to keep up with the Joneses” (Straits Times, Jul 7) in response “Is being deprived of easy access to tuition and enrichment classes such a crippling disadvantage for students from low-income families? (No-win choices for the poor when resources are limited“, by Mr Kevin See Yao Hui;...
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