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 […]
Singaporeans Should Not Just Worry About Their Jobs. Courtesy of the PAP, Their Supposedly Safe Savings Are At Risk Too
With European equity markets down over 40% and US markets down over 35% Singaporeans must be wondering what has happened to our reserves. LKY always claimed that Singapore’s success was […]
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 […]
NRIC: S1396458J