How much CPF are Singaporeans losing to the Government?
For a long time, the government has denied that they have taken our CPF to invest in the GIC (Lee Kuan Yew denied this in 2001 and 2006, and Ng Eng Hen in 2007). (Click to enlarge) But in June this year, the government admitted for the first time ever that they take our CPF to invest in the GIC. They have long denied this and...
Open letter to PM Lee, all MPs & senior civil servants
Lee Kuan Yew: 'We pay top money for top talent.' Apart from suing critics who are critical of your PAP administration, what other talent and quality, may I ask, does your team possess? See, on 23 January 2008, Channel News Asia reported MM Lee said the following and I quote: “We are transparent, we are not corrupt, and that...
The real CPF problem
Dr Christopher Balding The Singaporean government recently increased the minimum amount required for Central Provident Accounts which as caused concern among many people. Given that I have written numerous times about CPF, I will only recap the highlights before moving on to my primary topic about CPF today. First, the Central...
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