Monthly Archives: February 2015

20150228 Budget 2015 – business costs increased despite uncertainty, another $2 billion into GIC

Posted on February 28, 2015 by Phillip Ang

CPF is increasingly resembling the mother of all scams. Every time (almost) the PAP helps Singaporeans, it channels lots of money into CPF for GIC to ‘invest’. Budget 2015 is no different. Employer CPF contribution for older workers (aged 50 … Continue reading →

Posted in CPF, POLITICS | Leave a comment

20150225 Increasing number of disgruntled citizens signals collapse of PAP

Posted on February 25, 2015 by Phillip Ang

Although PAP can no longer conceal its incompetence using the mainstream media, it has refused to adapt to change and fix its own broken system.. PAP’s inherent weaknesses are caused by its refusal to be transparent and accountable for 50 … Continue reading →

Posted in POLITICS | 1 Comment

20150222 GST – how ordinary Singaporeans will enrich the wealthy with another GST hike

Posted on February 22, 2015 by Phillip Ang

Much has already been written about our inverse Robin Hood GST but to what extent the PAP has enriched the wealthy has been underestimated. The fact is our GST has effectively transferred billion$ from ordinary Singaporeans to the wealthy and … Continue reading →

Posted in POLITICS | 8 Comments

20150217 Other rating agencies should scrutinise Temasek’s reckless investing

Posted on February 17, 2015 by Phillip Ang

Singaporeans have the S&P to thank for its impending downgrade of Temasek Holdings’ rating which will see Temasek in the company of Greece, Cyprus and Latvia. (Sovereign ratings list) S&P must have conducted a thorough review to conclude the necessity … Continue reading →

Posted in TEMASEK | 2 Comments

20150215 Law Minister’s reduced MA rates suggest HDB lessees have been fleeced

Posted on February 15, 2015 by Phillip Ang

I refer to the recent attack on the WP in parliament with regard to the issues of transparency and accountability. Although the CPIB has not been called in, the PAP has provided supporting ‘evidence’ – Law Minister Shanmugam’s table shows … Continue reading →

Posted in POLITICS | 4 Comments

20150213 PAP commits hara kiri with the latest attack on WP

Posted on February 13, 2015 by Phillip Ang

The overpaid PAP would rather devote limited public resources to attack the WP in a vain attempt to score political points rather than serve Singaporeans. Although the majority of Singaporeans are unhappy with the WP for not addressing the issue … Continue reading →

Posted in POLITICS | Leave a comment

20150212 If our CPF has not been lost, why was market value of GIC’s listed securities only US$47 billion?

Posted on February 12, 2015 by Phillip Ang

(This post contains data provided by a financial data vendor, information which GIC has refused to disclose to CPF members for decades. Those who have an interest in how GIC invests with our CPF could scrutinise individual investments and share … Continue reading →

Posted in CPF | Leave a comment

20150212 For reference only – September 2012 GIC listed securities portfolio

Posted on February 12, 2015 by Phillip Ang

GIC listed securities in Sep 2012. (market value in US$ million) . SECURITY TICKER SHARES MKT VAL 1 CITIGROUP INC C US 112,095,403 3800 2 UBS AG-REG UBSN VX 245,895,789 3180 3 ROYAL DUTCH SHELL PLC-A SHS RDSA LN 37,399,804 … Continue reading →

Posted in CPF | Leave a comment

20150212 For reference only – May 2013 GIC listed securities portfolio

Posted on February 12, 2015 by Phillip Ang

GIC listed securities in May 2013. (market value in US$ million) . SECURITY TICKER SHARES MKT VAL 1 CITIGROUP INC C US 112,095,403 5750 2 UBS AG-REG UBSN VX 245,633,960 4510 3 ROYAL DUTCH SHELL PLC-A SHS RDSA LN 39,669,849 … Continue reading →

Posted in CPF | 1 Comment

20150211 Time for CPF members to put a stop to PAP’s daylight robbery.

Posted on February 11, 2015 by Phillip Ang

Three days ago, the Malaysian Employees Provident Fund (EPF) declared a 6.75% dividend rate for 2014. This is the highest rate since 1999. In Singapore, the CPF Board will be using the same template “All CPF members will continue to … Continue reading →

Posted in CPF | 2 Comments