MINDEF to buy JDAM kits for 1000 ‘smart’ bombs
JDAM The US Defense Security Cooperation Agency (DSCA) issued a press statement on Monday (7 Jul) [Link], announcing that it has notified the US Congress last week of plans to sell the government of Singapore an arms package consisting of Joint Direct Attack Munition kits, or JDAMs, manufactured by Boeing, plus associated equipment,...
Govt injects fresh capital of $5B into Temasek
In a statement released by Temasek Holding's Chairman Lim Boon Heng yesterday (8 Jul) [Link], he announced that as at 31 March 2014, Temasek's net portfolio value was S$223 billion. "We ended the year with a net cash position, excluding a net fresh capital injection of almost S$5 billion from our shareholder as part of their...
DPM Tharman defends CPF system
DPM Tharman Speaking in Parliament today (8 Jul), DPM Tharman attempted to defend the Singapore's CPF system. He reiterated that CPF members’ monies are guaranteed, regardless of the returns on investments made by GIC. Presently, GIC's long-term rate of return in real terms is 4% [Link]. Real rate of return means return over...
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