Singaporeans react to AGO findings of Mindef’s $50 million investments on US properties
Last January, Mindef invested S$50.26 million in a United States Real Estate Investment Trust exchange-traded fund (US REIT ETF) without proper approval by the SAVER-Premium Fund’s Board of Trustees. The ministry only sought approval from the then Director of Defence Finance. These thoughts must have entered your mind at some...
Singapore’s Universities: Immoral students or incompetent management?
Almost every year, we heard members of public chastised the degrading and offensive orientation activities put up by our local institutes of higher learning in welcoming their new students. The activities were organised by senior students of the institutes and they seemed to be getting more degrading and offensive year after...
Why the $3,600 EP salary would not change things much
The upcoming $3,600 salary for Employment Pass holders is a farce. The recent prosecution of employers for over-declaring salary for their foreign employers may only be the tip of an iceberg. It is still very prevalent and there were few or no prosecutions prior to GE2011. There can be no fundamental change since PAP’s basic...
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