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By: spyer

spyer — Fri, 25 Jan 2008 10:21:23 +0000

http://www.reuters.com/article/gc07/idUSWLB628120080125
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I just loved the way he said it.
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He brushed off suggestions that sovereign wealth funds lacked transparency, saying Singapore’s sovereign wealth funds the GIC and Temasek were transparent in their disclosures.
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“We are quite open about what we do,” he said.
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By: Kaffein

Kaffein — Tue, 22 Jan 2008 12:06:17 +0000

How oxymoron can the current PAP be? As one of my good friend highlighted to me:

“On one hand, the government pumped in billions into commercial organizations overseas.At the same time, we debate about how much subsidies to give citizens when they need medical care.

Hello??? Billions of Singapore citizens’ money go to investments in foreign companies, then why can’t you err on the generous side and give every citizen more subsidies for medical care? Or better still, why not provide free medical care for your own citizens who loyally served the country, paid taxes and CPF which eventually made up your investment money?”

I rest my case.

Kaffein

By: ah non

ah non — Tue, 22 Jan 2008 05:56:48 +0000

Actually, I thought you brought up a good point. That headline practically means “Gov’t bochap about state funds” – not true and not the right message to send out.

By: saintmoron

saintmoron — Tue, 22 Jan 2008 05:30:40 +0000

How can the GOVERNMENT not ‘be incharge’ of STATE FUNDS?