Why Is Temasek So Massively Overexposed to Chinese Regulatory and Market Risk?
The last few days have seen a savage sell-off in Chinese tech stocks that has wiped hundreds of billions of dollars off their market capitalisation. The Hang Seng Technology Index […]
Shanmugam Says “Singapore Will Fail If Racism and Xenophobia Take Root” Directly Contradicting LKY’s Theory That Racial Superiority Was the Main Reason for Singapore’s Success
Singapore’s leaders were absolutely right to condemn the racist attack against an Indian Singaporean last week. LHL said on Facebook that the attack “goes against everything that our multiracial […]
Heng’s Desperate Attempts To Deceive Singaporeans End Up Revealing Enormous True Size of the Reserves
During the Budget Debate on Friday 26 February Heng was asked about using the proceeds from land sales in the Budget. His answer was deliberately disingenuous: “The current approach of […]
Budget 2021- Not Enough Stimulus in FY2020, Premature Withdrawal of Aid in FY 2021 and Not Enough Help for Singaporeans
FOR IMMEDIATE RELEASE Inadequate Stimulus in FY2020 In my last blog post, written just before the Budget presentation, I pointed out that the economy had suffered as a […]
Well Done GIC for Investing in DoorDash ! Too Bad for CPF Holders Who Don’t Get to Share the Profits
Two days ago the US online food delivery company DoorDash debuted on the New York Stock Exchange and its shares popped by 86% though today they have come off nearly […]
Bombshell! Heng Confirms What I’ve Always Suspected: The Government Is Hiding Most of the Reserves from Singaporeans
In his interview with CNA on Wednesday Finance Minister and Seatwarmer-in-Waiting Heng said that Singapore’s financial position will be “a lot weaker in the coming years.” In my last blog […]
Why Heng Must Self Issue Himself and His Subordinate Indranee Rajah with a POFMA
Today in a Facebook post Indranee Rajah, Second Minister for Finance (why do we need not one but two Second Ministers? just another example of the Government’s bloated bureaucracy), claimed […]
Excessive and Disguised Government Saving Has Harmed Singaporeans for Decades. It’s Long Past Time We Demanded and Got Transparency on the Reserves.
I have just seen an article by Manu Bhaskaran and Linda Lim (BL) from a couple of days ago. This article summarises many of the themes and ideas in my […]
In A Heartwarming Story Amid Covid-19 Low Income Singaporeans Donate Billions of $ To Allow an Elderly Woman To Pursue Her Social Media Hobby
Yesterday Temasek announced that its philanthropic arm, Temasek Foundation, would be providing “300,000 meals to around 2,750 people in need who have been affected by the Covid-19 pandemic.” Their statement […]
The Ricebowl Singapore (TRS) 