Why Temasek? As a Vehicle to Allow the Lees to Secretly Extract Money?
Temasek’s results were announced on 9 July and they were not a pretty picture. While the Board claimed a 1.5% return for the year to 31 March 2019 this was […]
The Myth of the Lee Family’s Public Service
Last week I published a blog post, “How Many More Years Will Go by Before We Learn How Much the Lees Have Paid Themselves While in Public Office?”https://kenjeyaretnam.com/2019/05/20/how-many-more-years-will-go-by-before-we-learn-how-much-the-lees-have-paid-themselves-while-in-public-office/. I said there […]
How Many More Years Will Go by Before We Learn How Much the Lees Have Paid Themselves While in Public Office?
I am pleased to see that Workers Party MP Png Eng Huat finally plucked up the courage and asked a question in Parliament about the remuneration of the top 3 […]
While Norway insists on transparency, our Familee-managed SWFs prefer the fishing in muddy waters
Yesterday the Financial Times reported that Norway’s Finance Ministry had forbidden its sovereign wealth fund (SWF) from investing in private equity. In the article the Norwegian Finance Minister said that “Private […]
CCS only took an interest in the Uber-Grab merger after I said that it should be stopped
On March 28 Uber announced it had sold its operations in South-East Asia to rival Grab in return for a 27% stake in Grab. This has been followed by an […]
Dear White (Racist UK Leave) People. Everything you think you know about Singapore is wrong.
On Sunday morning in the UK on a weekly BBC TV show about politics a British Conservative politician came out with an astounding figure for Singapore’s trade. He was intending […]
BG Chan’s Words Not Only Insulted The Intelligence of Singaporeans But Were Deeply Worrying
Yesterday I wrote about how Chan Chun Sing had patronised Singaporeans by giving them the benefit of his Cambridge Economics education by explaining that if you spent a dollar from […]
Shock! BG Chan Chun Sing Reveals He Passed Primary School Maths
Let no one be in doubt as to the intellectual qualities of PAP’s 4th Generation Leadership! This was confirmed to me today when I read BG Chan Chun Sing’s (who […]
Singapore Does Badly in World Bank Report on Wealth of Nations
Just as you would not be able to judge the financial soundness of a company by looking at its income statement but would need to see its balance sheet (and […]
A Decade Too Late GIC Finally Decides to Cut Its Losses
A couple of days ago GIC announced that they had sold almost half their stake in UBS, cutting their shareholding from 5.1% to 2.7% and at the same time ceasing […]
Trading Outage Damages Singapore Stock Exchange Reputation.
I have repeatedly pointed out over the last five years that lack of competition and monopoly in political life has the same dire consequences that it has in business. Today […]
Budget 2016: Stuck in a Car in the Fog. Who to Ask for Directions?
Since 2012 I have pointed out, repeatedly, that the Singapore Budget presentation gives a deeply misleading picture of the Government’s finances. I have written innumerable times on how the Budget does […]
Changing Austerity For Prosperity
Budget Day, which has been postponed to March 24 this year without a reason being given (perhaps to coincide with the anniversary of LKY’s death) will soon be upon us. The […]
There Are Bigger Things to Worry About Than a Shrinking and Ageing Population
Yesterday Japan announced that its population had shrunk by nearly a million in the last half decade (see the NY Times article here) . The Ministry of Internal Affairs and […]
Why Chris Kuan is wrong. Black hole in the government finances? No, just S$174 billion missing
An article concluding that there is no shortfall in the government’s statement of Assets and Liabilities has recently gone up on social media called “Black Holes in the Government Finances?”According to The […]
Is Your CPF At Risk if Stock Markets Fall Any Further?
You can read my refutation of Chris Kuan here: https://sonofadud.com/2016/02/24/why-chris-kuan-is-wrong-black-hole-in-the-government-finances-no-just-s174-billion-missing/ A few days ago I updated my very approximate calculations of how Temasek’s portfolio was likely to be performing since […]
