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 […]
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 […]
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 […]
Keeping It Under Your Hat -The Panama Papers
The Panama Papers is a massive leak of files from the Panamanian law firm Mossack Fonseca, engineered by the International Consortium of Investigative Journalists.(ICIJ) Names and identities released so far include, like the proverbial bad […]
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 […]
Greece’s IMF Default Shows Clearly That the Finance Minister Misled Parliament and the People When He Claimed IMF Lending Carried No Risks
On 30 June 2015 Greece missed a payment of Euros 1.5 billion due to the International Monetary Fund. This was under a Euro 28 billion extended Stand-by Arrangement agreed between […]
An Open Letter to the Minister of Finance Concerning the National Productivity Fund
18A Smith Street Singapore 058932 14 May 2015 Tharman Shanmuguratnam Deputy Prime Minister & Minister of Finance Ministry of Finance 100 High Street #10-01 The Treasury Singapore 179434 Dear Minister, […]
Will the Taxpayer End Up Subsidizing Ho Ching’s Bonus?
In Budget 2015 the Finance Minister allocated $3 billion towards the construction of the new Terminal 5 at Changi Airport. He stated that he would be setting up a new […]
Singapore Gets into Currency Wars
Why devaluing our currency will shortchange Singaporeans.
CPF and HDB: 10 Real Dirty Tricks.
10 real dirty tricks about your CPF and HDB flat.
Budget 2014: A Very Generous Amount of Wool Pulled over Your Eyes.
Minister Khaw Boon Wan has called Budget 2014 “very generous …by any measure” so naturally, I want to see how it holds up by my measure but because the budget […]
An Open Letter to the Minister of Finance
20 February 2014 An Open Letter to the Minister for Finance Mr. Tharman Shanmuguratnam Ministry of Finance 100 High Street #10-01 The Treasury Singapore 179434 Dear Minister, You recently called […]
MOF Tharman World Bank Bombshell
In October 2013 the Court of Appeal dismissed my argument that the PAP government’s US$4 billion line of credit to the IMF needed Parliamentary and Presidential approval as required under […]
The Judgement in the IMF Loan Appeal Confirms Government Is above the Law
The judgement in my appeal against the IMF Loan Commitment confirmed what has long been apparent: that the government is to all intents and purposes above the law. Furthermore, the […]
Are MAS’s Losses Part of a Sinister Global Conspiracy?
Being curious as to why a foreigner would be so interested in MAS’s performance, I checked out his website. He appears to have no economic credentials other than a background […]
Dismantling the Apparatus of State Capitalism
The last post was a piece by another author, Benedict Chong countering my proposal that Temasek and GIC be floated, publicly listed and a stake distributed in some form to […]
