Category Archives: GIC

CPF investment risks have multiplied, better for PAP to return our CPF

A few years ago, CPF fund manager, GIC, had already acknowledged global asset prices were overinflated. Yet, the government has been channeling additional billions in CPF into GIC. GIC expected market downturn years ago GIC had actually been anticipating a … Continue reading

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GIC masks its poor rate of return from CPF members by reporting in US$

GIC has been engaging in propaganda to ‘boost’ its performance, eg disclosing irrelevant information to mask its poor returns. Since GIC invests in only foreign assets which carry high forex and political risks, one would have expected a higher rate … Continue reading

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Most CPF members still unaware/unable to understand they have been scammed

The PAP government has engaged in propaganda since GIC’s inception to the extent that ordinary citizens and even MPs do not know its real performance. After reading all GIC annual reports, I have discovered that they contain irrelevant information: its … Continue reading

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Is GIC concealing massive CPF investment losses?

CPF fund manager, GIC, appears to have mismanaged our CPF monies. Information from reputabIe sources of information strongly suggests past reserves have not been invested but converted into land assets. These assets may take many years before yielding any return. … Continue reading

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Are CPF members paid low returns due to massive GIC investment losses?

The day transparency sees daylight will be the day CPF members discover the massive investment losses concealed for decades. Although PAP has refused to come clean with the actual returns earned by GIC, some worrying estimates by reputable firms have … Continue reading

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