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Daily Archives: 2018-07-29

Is Lee Kuan Yew’s prophecy inching closer to its occurrence?

The late Lee Kuan Yew was known for his hard speaking truths. The same statesman who claimed that the army would have to step in two to three years after the fall of the People’s Action Party (PAP) is the same man who acknowledged that the PAP will eventually fall. This is not a question of ‘if’ but a question of ‘when’. …

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Details of 70,000 Securities Investors Association members hacked and no one knew for 5 years

The Straits Times has recently reported that data on 70,000 members of the island’s Securities Investors Association (SIA) were stolen five years ago with the association and its victims only informed about this breach last week. If the SingHealth data hack had not occurred, would this SIA breach ever see the light of day? If the details of the Prime Minister of Singapore were not …

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Temasek’s NIRC contribution less than Budget surplus?

Are Temasek’s annual Net Investment Return Contributions (NIRC) less than the annual Budget surpluses? I refer to the 2 full-page colour advertisements by Temasek in the Sunday Times of 29 July. One of the charts indicates that the Net Investment Return Contribution (NIRC) from Monetary Authority of Singapore, GIC and Temasek was about $15.9, $14.1 and $14.4 billion in FY2017, FY2016 and FY2015, respectively. Since …

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