Monthly Archives: February 2018

Investment returns to supplement revenue: A PAP left to right pocket transaction?

Since 2000, about $108 billion in returns on our reserves (NIRC) have been used to supplement government revenue (image below). Although NIRC is supposed to benefit citizens, the reality is a high percentage of this ultimately find its way back … Continue reading

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Has the stage been set to reduce CPF Life payout post GE2020?

Undeniably, PAP is good at increasing our costs or confiscating money from our CPF. 😉 In recent years, GIC has been hinting at lower CPF Life payouts by constantly reminding Singaporeans that it was expecting lower returns. In 2014: In 2015, GIC … Continue reading

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Is there black hole in government reserves?

With an estimated more than $1 trillion reserves, there is no justification for another GST tax hike. That PAP has insisted on raising GST by 2% after GE2020 has raised concerns about the state of our reserves.  This is because … Continue reading

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Budget 2018: Minister Keechiu’s half truth raises more concerns on Singapore’s reserves

I refer to  “Preserving reserves signals to markets strength of Singapore dollar: Chan Chun Sing“. Keechiu Chan: “Keeping half of Singapore’s earnings from its reserves is important as it signals to currency markets the strength of the Singapore dollar.” It … Continue reading

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Lowest corporate tax among Asean countries attract foreign investors, not Singapore’s efficiency or ‘corruption free’ status

Many Singaporeans have been fooled into thinking that foreigners invest billions in little red dot because of our efficiency and being the least corrupt Asian country. While these factors do play a part, a more important consideration is of course our … Continue reading

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