Monthly Archives: June 2014

20140625 Government must disclose billions in CPF/GIC foreign exchange losses and market value of investments

Posted on June 25, 2014 by Phillip Ang

It has taken decades but the government has recently confirmed CPF monies are managed by GIC. “As GIC primarily invests outside of Singapore”, CPF monies are therefore subject to foreign exchange (forex) movements which are beyond GIC’s control. The Singapore … Continue reading →

Posted in CPF | 10 Comments

20140624 CPF – Lim Swee Say at his nonsensical best!

Posted on June 24, 2014 by Phillip Ang

ST headline “CPF money 100% safe: Swee Say” caught my eye. I knew anything related to Lim Swee Say, minister with zero portfolio with a fetish for DTF toothpicks, would be interesting. The more our government emphasises the ‘safety’ of … Continue reading →

Posted in CPF, POLITICS | 7 Comments

20140623 CPF members shortchanged by government, misled by mainstream media

Posted on June 23, 2014 by Phillip Ang

I refer to ST article “Can’t please all Fund members” and TRS article by Jeremy Chen. There are obvious half-truths in the ST article which Jeremy did not question. I will highlight ST’s half truths and Jeremy would do well … Continue reading →

Posted in POLITICS | 2 Comments

20140623 Goh Chok Tong’s meaningless Facebook post

Posted on June 22, 2014 by Phillip Ang

Dear Mr Goh I am happy to know you have finally woken up to the fact that “workers at the bottom of the heap” have been shortchanged for years. I am shocked you took so long to figure out the … Continue reading →

Posted in POLITICS | Leave a comment

20140621 PAP will continue to profit from low wage workers

Posted on June 21, 2014 by Phillip Ang

Roy Ngerng wrote an article “Can low wage workers earn higher wages in Singapore?” in December last year. The answer is clearly ‘yes’ provided the government accepts that it must not continue to profit at the expense of low wage … Continue reading →

Posted in POLITICS | 4 Comments

20140620 PAP MP Janil Puthucheary a nobody who still dares criticise Catherine Lim

Posted on June 20, 2014 by Phillip Ang

In a desperate attempt to support the PAP, the government’s mouthpiece Ass Tee published a letter by PAP MP Janil Puthucheary in its Forum page criticising Catherine Lim. Puthucheary seems to be following in the footsteps of his parliamentary colleague … Continue reading →

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20140619 Singapore Inc must/will continue depressing low wages to prevent economic collapse

Posted on June 19, 2014 by Phillip Ang

The PAP government has reluctantly and belatedly increased wages of low income workers after public pressure. The percentage increase may seem impressive but it actually adds up only to tens of dollars. Many low wage workers have not receive such … Continue reading →

Posted in POLITICS | 1 Comment

20160617 Dangers of ‘please-PAP economics’ real, caused untold suffering

Posted on June 17, 2014 by Phillip Ang

I refer to “Dangers of ‘please-all economics’ real: PM Lee. PM Lee comments on his Facebook as if the article by Andy Mukherjee is the gospel truth. PM Lee says the article is “thoughtful” and it “explains clearly the issues … Continue reading →

Posted in POLITICS | 1 Comment

20140616 Forget about any more CPF dialogue, Hri Kumar confirms government not listening

Posted on June 16, 2014 by Phillip Ang

I refer to this short video clip of PAP MP Hri Kumar’s engagement with his constituents. link Retiree Ng Leng Hui, 70, commented that he is not on the side of the government because of the unfairness towards CPF members … Continue reading →

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20140615 Medishield Life – huge premium increase will be an issue

Posted on June 15, 2014 by Phillip Ang

I refer to “Granting of MediShield Life premium subsidies will be “hassle-free”: Amy Khor”. There is only one conclusion from the article – the PAP intends to price another necessity out of reach for the masses. With huge premium increase, … Continue reading →

Posted in CPF | 3 Comments