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Recent Posts
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Monthly Archives: January 2015
20150131 Singles, divorcees and single parents must stand up against PAP’s flawed housing policy
Fernvale residents have taught Singaporeans an important lesson – PAP has no control over an undivided active citizenry. Not surprisingly, it has also revealed our civil service has been working on the basis of flawed assumptions, expecting citizens to quietly … Continue reading
Posted in HOUSING, POLITICS
2 Comments
20150128 Individual citizen owns $60,000 in Temasek
Temasek manages $223,000,000,000 of our reserves, most of which originated from our CPF. link Temasek invests (or reinvests the returns) in risky assets such as foreign energy/resources and hedge funds. How some of these investments performed have not been disclosed. … Continue reading
Posted in POLITICS
2 Comments
20150128 Temasek likely to suffer billion$ losses in energy/resource investments
In an earlier post, I highlighted the possibility of Temasek’s investment in FTSI being wiped out by plummeting oil price. Temasek’s other investments in ‘energy and resources’ seem likely to suffer the same fate as FTSI. The investments highlighted are … Continue reading
Posted in FINANCE, TEMASEK
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20150125 Don’t be fooled by PAP again
As the election draws closer, it is timely for PAP supporters to look at the PAP objectively. With all the screw ups, the picture is of course not pretty. By now, most Singaporeans should be aware that our country has … Continue reading
Posted in POLITICS
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20150122 Temasek’s $2 billion investment in FTS International a wipeout soon?
In April 2011, Temasek invested $2 billion in FTS International (previously Fra Tech Holdings LLC), an oilfield services (for shale gas) company. Temasek’s $2 billion investment in FTSI was essentially also a bet on high oil price which has recently collapsed. … Continue reading
Posted in TEMASEK
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20150121 Why is SMRT investing in shares when our public transport is screwed up?
SMRT seems to have millions in spare change for shares investment. (see chart below) SMRT is the second largest IFS Capital shareholder. Since SMRT has additional cash for investment, why not use it to invest in upgrading? Why turn to … Continue reading
Posted in SMRT/SBS TRANSIT
1 Comment
20150119 Vote for PAP’s pseudo-growth and Singapore will be doomed
Singapore’s economic growth is as real as our Swiss standard of living. There is an inherent danger in our economic growth model because it is accompanied by very little productivity gains and mostly boosted by a liberal immigration policy. Real … Continue reading
Posted in POLITICS
4 Comments
20150118 Why is the PAP afraid of transparency?
After the 2011 election, the PMO issued a letter ”laying down the rules on how the PAP’s MPs should behave”. It is strange for the PMO to only issue a set of rules for one political party MPs and not … Continue reading
Posted in POLITICS
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20150114 PAP must disclose tax dollars paid to Temasek directors, especially its CEO
Temasek Holdings is an investment company managing S$223 billion of Singapore’s reserves. In 2004, when Ho Ching became CEO, Temasek said it had in place a “process of CEO evaluation and succession planning”. Till today, 11 years later, no successor … Continue reading
Posted in POLITICS, TEMASEK
3 Comments
20150111 Cardboard policemen can help deter criminals meh?
The PAP has not only taken its eyes off basic needs like housing, healthcare, retirement, etc, but also Singapore’s security. The government does not seem to have learnt any lesson from the Little India riot in Dec 2013 which disgraced … Continue reading
Posted in POLITICS
2 Comments