since u met some of them who collected all their CPF monies, why dun u asked them?

Temasek set up $500 million ‘charitable’ fund to invest in other countries. Singaporean’s money is used to ‘help others’ in order to repair Temasek’s international image after the many fiasco.

Please enlighten me on these questions:
1. How many of these directors and office holders at Temasek and GIC are qualified/formally trained to handle investments? Many millions of dollars in payroll could have been saved or channelled for other usage if GIC places its fund with reputable fund managers for returns. With so many acclaimed fund managers in the world, is there a need for Temasek and worst, inept/unqualified people there to invest Singaporeans’ money?

2. Why is it that Ho Ching can still sit tight despite all the fiasco at Temasek? With her dubious track record, she can still head Temasek. Will the same opportunity be given to a non Lee-clan member with Ho Ching’s less than honourable achievements? Rated as among Asia’s most powerful women. Rated as among Asia’s most powerful women purely on Singaporean’s Temasek money. This company really needs foreign talents to generate good returns for Singaporeans and at a lower cost. This is assuming that we can’t find a much better Singaporean candidate than Ho Ching’s calibre. Oh dear! Forgotten that she’s indeed a foreign talent integrated into Lee family and therefore, enjoy much more priviledges than others.

3. Have any of our ministers ever take responsibilities for mistakes made? This is unheard of and yet Singaporeans have to work perpetually harder to contribute towards their ridiculously self-justifed ballooning payroll.

If PAP still garner the same level of support at the next election, Singaporeans will remain the modern slaves to their government. Ironically, this is their own decision, borne out of naivety and simple-mindedness despite being highly-educated. Laughable indeed.

in fact, my pessimism extends to the whole of sillipore. i’ll give her 10 years before she really goes downhill… in the meantime, i’m planning for my pr and renunciation of citizenship.

of course, i just might decide to stay on after 2011 if silliporeans cld wake up their ideas, vote in significant oppo and change the system. but then again, some pple never learn…

Singapore tax is low ? How’s about everything else where Singapore is running as Incorporated entity where the gahmen are lusting way to get your money without accountability and transparency ?

everytime, Singapore want to compare, they only compare one side. That’s just one feature of Singapore Incorporated.

The conspiracy derives from 1 simple motivation:
- There are insufficient monies to fund a complete CPF withdrawal by retiring citizens in an aging population

All schemes derived thereafter are but just tactics to prevent massive withdrawal.

As to why there is not enough money, just look at the blunders of GIC and Temasek and military spending. The greed of the present cadre is insignificant ocmpare to the mistakes made.