Author Archives: Phillip Ang

GIC, manager of CPF funds and state reserves, should not conceal lower S$ returns

Before 2010, GIC had disclosed annual returns in Singapore dollar. (GIC reports, see pg 10) In 2010, GIC decided to change its reporting currency from S$ to US$. There was no reason to change the reporting currency because all returns would … Continue reading

Posted in CPF, GIC | Leave a comment

Government should review obscene salaries paid to Temasek senior management

Temasek’s bonuses were upsized in 2003, a year after Ho Ching was appointed director and one year before becoming CEO. Unlike ministerial salaries which are more transparent and pegged to private sector salaries with a 40% ‘discount’, Temasek senior executives’ … Continue reading

Posted in POLITICS, TEMASEK | Leave a comment

Were Temasek senior executives paid 20 months’ bonuses in 2008, similar to PAP ministers?

Temasek’s ‘Wealth Added’ bonus has added obscene wealth to its senior management, not government coffers. If Temasek has indeed added tens of billion$ to government coffers, surely the PAP need not increase citizens’ burden with all sorts of cost increases. Temasek … Continue reading

Posted in TEMASEK | 3 Comments

MP Goh: Many ministers also very, very mediocre people

Image below can be copied and shared on social media. No credit required.

Posted in POLITICS | 1 Comment

New SMRT CEO TKSS about improving public transportation

Former paper general turned SMRT CEO Neo Kian Hong has continued to treat commuters as idiots. Neo has tried to impress upon Singaporeans that the no-medicine-can-help SMRT could be improved under his leadershit. Instead of addressing the “deep-seated (military) cultural issues” in … Continue reading

Posted in SMRT/SBS TRANSIT | Leave a comment