Daily Archives: 2018-07-09

S$1.49 trillion Norway fund “management costs” S$0.75b, S$275billion Temasek “admin. expenses” S$8b

Why is it that Temasek does not disclose its “management costs” like Norway’s sovereign wealth fund?  I refer to the article “Norway’s $1 Trillion Oil Fund Taken to Task Over Rising Cost” by Bloomberg published earlier this year in January. The article wrote that the Norwegian Finance Ministry said that management costs of its sovereign wealth fund have risen “significantly …

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MOM needs to regulate how blue collar workers are treated.

The sad reality of capitalism is that there will always exploitation by profit driven businesses who do not see their employees as human beings. They are resources for the maximisation of profits. In this case of a construction worker whose salary was drastically reduced without even being informed directly by his employer, it is simply an exploitation of those among …

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Parliamentary questions for 9 July 2018

The Singapore Parliament will sit at 12:00 noon on Monday, 9 July 2018 for the 78th session of the 13th Parliament. *74 oral questions and 55 written question had been scheduled to be asked. At the commencement of Public Business, there will be an introduction of Government Bill: Companies (Amendment) Bill (Second Minister for Finance), and 7 Government Bills will …

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Lim Guan Eng wants to get Malaysian talents working in S’pore to return home

Malaysia’s Finance Minister Lim Guan Eng wants to make the country attractive again to get Malaysian talents that are overseas, especially those from Singapore, to return home. In a recent interview with the Straits Times, Lim said that Singapore has a knack of hiring Malaysians. “You give employment to some of our best chaps… You look at so many industries, …

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