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Where have our reserves gone?
“Let me tell you the truth, as spending increases significantly sooner or later taxes must go up too.” Thus spake the PM in his National Day Rally Speech. Apart from that so-called truism, the NDR...
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MICA’s Response Fails to Reassure
A few days back there was a comment posted on my blog by @Lengyiren drawing my attention to a posting on www.gov.sg saying that the government had rebutted my claims about the reserves. The link to...
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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 in the...
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Singapore and LKY- Darlings of Western Think Tanks. (at a price)
Next time when you read that a prestigious and independent institution has placed Singapore at the top of some global ranking or given its leaders an award you will be asking yourself, "How much of our...
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Temasek’s Portfolio is Probably Down 20% Already and the Chinese Stock Market...
Back in July last year I did some rather basic analysis of Temasek’s results for the year ended 31 March 2015 and for the performance of its portfolio since then […]
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