PAP should reveal Singapore’s commitments with 1MDB
A report by the the online newsite Sarawak Report alleges that Malaysian PM Najib has gotten a RM30b injection of funds from a Chinese construction consortium into 1MDB to secretly pay off its debts. This is done by inflating the cost of constructing the KL-Terengganu railway line (from RM30b to RM60b). [ LINK ] Click to enlarge The...
Protecting Our Judiciary Bill by Teo Soh Lung
The Administration of Justice (Protection) Bill presented to parliament on 11 July 2016 reminds me of another law, the Preservation of Public Security Ordinance (PPSO), 1955. Far from “preserving” public security, the government of that day used the law to “legally imprison” thousands of people without trial. The population...
Is Temasek is a poor custodian when compared to GIC?
In its annual report released yesterday, GIC has reported that its 20 year USD-based real rate of return has fallen from 4.9% to 4.0%. Before the anti-government zealots fall over themselves with claims of incompetence, much of the fall is due to the increased inflation rate. In last year's report, the applicable long term inflation...
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