Temasek’s General Counsel, Pek Siok Lan, was cheated of S$5.5 million in a fraudulent nickel trading scam. What happened, was that the scammer, Ng Yu Zhi, promised his investors a guaranteed return of 15% over a three-month period. One look and you can tell this is a crazy amount, given …Read More »
Tag Archives: Reserves
3 Bold Ideas Brought Up in Parliament, All of Them By Jamus Lim
Some haters have been gloating that Jamus Lim is too quiet ever since he won Sengkang GRC. But over the past few weeks, he and the Workers’ Party have proposed many new, open and liberal ideas, contrary to the rigid PAP. These ideas will take Singapore forward and give us …Read More »
Covid19: MP Louis Ng Shared Poll for NDP Funpack which Closed Shortly After
After a May 21 petition to allow people to opt out of receiving the NDP funpack, MP Louis Ng shared a poll on his Facebook post on Monday (May 25) morning 9.38am. However at 5.52pm the same day, he updated that the poll was closed. That's barely a full day.Read More »
WP Continues Asking Relevant Questions In Parliament On SG’s Reserves
Mr Perera questioned the Finance Minister on whether the Reserves should always go up and up at the same rate now as was in previous years, especially since 2008, where during the global financial crisis, Singapore had to use a tiny fraction of the Reserves. For comparison, DPM Heng said that Singapore's Reserves need not be dipped into during this period, as businesses and Singaporeans are hit hard by the COVID-19 situation.Read More »
1ST WORLD COUNTRY 3RD WORLD DEMOCRACY, DO PRESIDENTS EVER GO THROUGH ELECTIONS?
Workers' Party's Yee Jenn Jong is disappointed at the walkover and wonders if Presidents are not meant to go through elections, what with the 'lacking' results in PE1993 and PE2011. Do we really have to wait till the next election to show what we think and who we want as President?Read More »
STOP THE FLUFF ABOUT HALIMAH YACOB, ASK HER ABOUT OUR RESERVES & INVESTMENTS INSTEAD!
Netizen Andrew Loh has had enough with the fluffy questions directed at Halimah Yacob and prefers for people to ask her serious, Presidency-related questions like Singapore's reserves and investments instead. Do you agree?Read More »
MDM PRESIDENT SHOULDN’T QUALIFY IF SHE ONLY BASE THINGS ON “JUDGMENT”
Opposition politician Goh Meng Seng questions if Halimah Yacob has the necessary financial and economic understanding to qualify for Presidency instead of simply basing things on her "judgment". Previously, the Presidential hopeful said Presidency is not about numbers but exercising judgment. Do you agree?Read More »
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".Read More »
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.Read More »
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.”Read More »