GIC’s returns aren’t so bad after all?
I refer to the article “GIC posts steady real returns of 3.7% amid uncertainty” (Straits Times, Jul 10) It states that “GIC’s 20-year annualised real rate of return – its most important benchmark – was 3.7 per cent (5.1 per cent nominal) for the year ended March 31, down from the previous year’s 4 per cent, it...
5 issues I’d rather have a Ministerial Committee for
Instead of having a Ministerial Committee to try to find loopholes of a Will and try to overturn the Will, I’d rather our high-paying Ministers spend their highly-paid minutes on more important issues that affect the lives of the rest of us Singaporeans and not just focus on the private estate of the Prime Ministers. Here...
Did the government spend or made $28 billion from selling HDB flats?
I refer to the article “Housing in Singapore – The high life” (The Economist, Jul 8). Govt spent $1.8b on HDB? It states that “It is also a good deal for the state. In 2015-16 the treasury put aside S$1.8bn, or 2.4% of the national budget, for housing, which was enough to cover HDB’s annual deficit. (The agency itself...
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