What % of CPF investors made money?
I refer to the article “CPF Investment Scheme funds up 3.4% in 2nd quarter” (Straits Times, Sep 1). It states that “Taking an even longer view, CPFIS-included funds posted strong growth of 16.91 per cent on average for the three years to June 30, led by a gain of 17.97 per cent from unit trusts and 16.39 per cent from...
Biggest Taxi operator reporting huge losses
Prolonged competition from private car operator has made COMFORT, the biggest taxi company in Singapore to report a massive loss. Its net profit for the second quarter ended June 30th fell 6.8% to S$79.4 million. COMFORT never had such a massive loss and with competitive tsunami not receding, investors funding to loss-making...
Jobs 2006-2016: 376,800 locals, 701,900 foreigners – 467,659 new PRs, 208,840 new citizens?
How many of the 376,800 locals’ jobs’ growth in the last decade went to Singaporeans? I refer to Phillip Ang’s article “PAP population policy failure cheapens Singapore PR to a piece of tissue” (TR Emeritus, Sep 2). Since 2004, PRs increased by 169,000 from 356,000 to 525,000 in 2016? It states that “Since PM Lee’s...
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