Monthly Archives: May 2017

GIC takes on riskier investments because of its asset mix

Posted on May 31, 2017 by Phillip Ang

CPF members have been repeatedly told that GIC (and Temasek) does not take on riskier investments with our CPF and reserves. Source This not true. GIC has to take on higher risk because its asset mix demands a riskier approach. … Continue reading →

Posted in CPF, GIC, Uncategorized | Leave a comment

With all the pock kai CPF investments and UBS loss, GIC’s 6% long-term returns questionable

Posted on May 31, 2017 by Phillip Ang

Singaporeans should think and question the management of our CPF. Why is GIC able to pay CPF members only about 3% returns (on average) when across the causeway, Malaysia’s EPF has been paying 6% for the last 20 years? Why … Continue reading →

Posted in CPF, GIC | 1 Comment

SPH chairman Lee Boon Yang should stop talking cock

Posted on May 30, 2017 by Phillip Ang

Every PAP-appointed CEO who screws up will be covered up by PAP’s propaganda machine. SPH CEO Alan Chan is no exception and has been repeatedly praised in the MSM, especially by former cabinet minister and SPH chairman Lee Boon Yang. … Continue reading →

Posted in POLITICS | 5 Comments

CPF scheme serves GIC, not CPF members

Posted on May 29, 2017 by Phillip Ang

Fortunately for the PAP government, most CPF members have continued to absorb propaganda like sponge. It’s a pity that all the efforts by Roy and others to enlighten members have almost gone to waste. One only needs to look at … Continue reading →

Posted in CPF, GIC | 1 Comment

Collapse of government-linked companies not a question of if, but when (2)

Posted on May 29, 2017 by Phillip Ang

When the government appoints former civil servants and army generals with zero private sector experience to head government-linked companies, rest assured it is digging its own grave. Or rather Singaporeans’ since it involves billions in tax dollars. 😦 In the … Continue reading →

Posted in POLITICS | 1 Comment

Scholar-CEO who ran NOL into the ground likely to do the same to SPH, no one complaining

Posted on May 27, 2017 by Phillip Ang

I refer to “Ng Yat Chung to replace Alan Chan as SPH CEO from Sep 1”. CNA Many Singaporeans are screaming with joy after learning that a former paper general has been appointed to head SPH because he is likely … Continue reading →

Posted in POLITICS | 8 Comments

When the PM has to sell CPF snake oil/koyok, you know GIC is in trouble

Posted on May 25, 2017 by Phillip Ang

The huge shortfall in retirement funding for Singaporeans is testament to the abject failure of our CPF scheme. Instead of addressing the issue, PAP has engaged in propaganda to create an illusion that all is well, eg in 2011, PAP … Continue reading →

Posted in CPF, GIC | Leave a comment

Why did PAP invite new citizen Manu Sawhney to steal our lunch?

Posted on May 25, 2017 by Phillip Ang

To PAP, born and bred Singaporeans are no longer talented and this has resulted in various government/government-related organisations employing foreigners/new citizens to top management positions. One such new citizen invited to steal our lunch is Manu Sawhney, a former Indian … Continue reading →

Posted in POLITICS | 4 Comments

No massive CPF investment losses but GIC cannot be transparent?

Posted on May 24, 2017 by Phillip Ang

Hundreds/thousands of transactions annually but GIC has preferred to keep information which belongs in the public domain private. Any government which conceals such information from the people does it to prevent embarrassment. Fact: Over more than 3 decades, GIC’s realized … Continue reading →

Posted in CPF, GIC | 1 Comment

Collapse of government-linked companies not a question of if, but when

Posted on May 24, 2017 by Phillip Ang

Top management of GLCs are all PAP-approved scholar types. Without prior relevant experience and no accountability, companies helmed by these jokers are destined to fail. Many have and more will follow. 😦 SIA recently surprised the market with Q4 losses … Continue reading →

Posted in POLITICS | 6 Comments