Monthly Archives: July 2019

Hardest truth: Public housing is subsidised by …. flat buyers, not government

Posted on July 31, 2019 by Phillip Ang

Subsidised public housing in Singapore is …. BS.   The cost of subsidy would have to be borne by thePAP government for selling HDB flats at a ‘loss’. There isn’t any.   The ‘loss’ incurred comes from the inclusion of … Continue reading →

Posted in HOUSING, POLITICS | Leave a comment

Investments can pock kai no issue to GIC, $15 billion guaranteed CPF inflow for GIC annually

Posted on July 30, 2019 by Phillip Ang

GIC manages more than S$400 billion in CPF monies. Thanks to PAP’s constant tweaking of CPF rules, GIC receives about $15 billion in net contributions annually. Besides increase in CPF, GIC also manages additional billions in tax dollars set aside … Continue reading →

Posted in CPF, GIC | Leave a comment

Who is George Yeo to lecture Hong Kongers on politics after losing a GRC?

Posted on July 30, 2019 by Phillip Ang

George: ” … Hong Kongers “need to work with Chief Executive Carrie Lam, even if they do not like her.” Hmm … is CEO Carrie Lam indispensable to Hong Kongers? Who is George to lecture Hong Kongers – who are … Continue reading →

Posted in POLITICS | Leave a comment

AirAsia profitable, Scoot blames losses on business cycle

Posted on July 30, 2019 by Phillip Ang

SIA will not  hold Scoot’s management accountable for losses.  Instead, billions will be spent on acquiring new planes to help management turn a profit.  (“Scoot taking 16 new fuel-efficient Airbus 321neos to add capacity and grow profits“) ST: “In the … Continue reading →

Posted in MISC | Leave a comment

Temasek must stop misleading Singaporeans on Ho Ching’s performance

Posted on July 28, 2019 by Phillip Ang

Ho Ching was appointed Executive Director (= CEO) of Temasek in May 2002. For more than a decade, Ho has been credited with Temasek’s unverifiable and unbelievable performance. Attempting to credit Ho in 2013, Temasek claimed that newer investments made … Continue reading →

Posted in TEMASEK | Leave a comment

GIC needs a miracle for investments like Nirlon

Posted on July 24, 2019 by Phillip Ang

Without a miracle, Nirlon will be another loser for GIC. GIC has overpaid massively for Nirlon, ie the potential for gains has been wiped out after paying a 400% price increase from a year earlier. Dividends over the last 5 … Continue reading →

Posted in GIC | Leave a comment

Singapore’s $1 trillion reserves may be fake news

Posted on July 23, 2019 by Phillip Ang
Posted in POLITICS | Leave a comment

Are PHI patients receiving subsidy or subsidising MOH?

Posted on July 20, 2019 by Phillip Ang
Posted in HEALTHCARE | Leave a comment

Minister Gan could not reply to my queries, Singaporeans scammed by ‘subsidised’ public healthcare system

Posted on July 19, 2019 by Phillip Ang

In 2014, I highlighted to then Health Minister Gan that “20140820 Privatised public healthcare costs detrimental to citizens“. Gan of course could not reply to some in the face questions, eg why did MOH purchase  paracetamol at overinflated prices? On … Continue reading →

Posted in HEALTHCARE | Leave a comment

Polyclinic part of ‘conveyor belt’ public healthcare system, uses mostly made in India generic drugs

Posted on July 19, 2019 by Phillip Ang

(Comment on our screwed up public healthcare system by regular contributor on social media.) Rabble-rouser: July 13, 2019 at 7:27 pm Subsidies & fees in Public Health [PH] system aren’t representative nor are consistent with market pricing mechanism from the … Continue reading →

Posted in HEALTHCARE, POLITICS | Leave a comment