Reserves

CUT MINISTERS SALARIES TO PAY FOR EXPENSIVE WATER COST

Here is the solution: If as per some source, there will be an average increase of $12 dollars per household, $120 per 10 household, how much can we cover if we have 1million dollars? Yeah. where do we get the money from? your most welfare minister's salary of course. 2.3 million for our pm. how about we cut all the high ranking official by half to cover that cost? afterall, it is their fail policy that cost us the increase, no? improper planning?

If everytime the solution to an issue is to raise tax or raise $ elsewhere, how about we cut their salary everytime they cant comes up with something other than "lets raise the bill again". In all seriousness, i am not being paid millions for coming up with solution. A more feasible alternative is to use the national reserve to produce more water treatment plant to substain the cost in the long run, rather than raising the cost as a better solution. Does it mean if I am bill gates, a billionare, I can use up all the water if i can afford to pay? Educating is definitely better than "punishing".

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IS TEMASEK HOLDINGS GAMBLING WITH S'PORE'S HARDEARNED RESERVES?

Temasek divested a record S$10 billion plus in 19 listed US companies from September to December last year. As at 30 Sep 2015, Temasek had 20 positions worth about US$10.5 billion/S$14 billion. Some of these investments were held for years, others only a few months. At the end of Q4 2015, 19 positions were closed out. These 19 investments were valued at about S$11 billion at the end of Q3.

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S'PORE SECRETLY SPENDING BILLIONS OF RESERVES TO PROP UP WEAK SGD?

According to the Yahoo news report “Billions of reserves being used to prop up weak SGD” (Mar 13, 2015) – “Singapore is spending billions of reserves to prop up its currency, a report by DBS revealed. According to DBS, Singapore’s reserves have fallen by US$34 billion since July, a trade-off of keeping the SGD on its appreciation path. “In six short months, reserves have fallen by the equvialent of 11% of a full year’s GDP.”

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