Monthly Archives: July 2018

Temasek posts “record portfolio of S$308 billion” but doesn’t disclose its management costs

It was reported in the Straits Times yesterday (10 Jul) that Temasek Holdings’ has posted “record portfolio of S$308 billion”. “The Singapore Government-owned investment firm’s net portfolio value grew to a record $308 billion, up from $275 billion a year ago,” ST reported. It said that Temasek’s portfolio hit a 12.19 per cent one-year return for the financial year ended …

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Temasek announces record net portfolio value of S$308 billion

Temasek Holding has reported its net portfolio value at a record S$308 billion and a net cash position for the financial year that ended on 31 March 2018. In its annual Temasek Review published on Tuesday (10 July), the company stated that Temasek’s one-year Total Shareholder Return (TSR) was 12.19 percent, with compounded annualised returns of 15percent since inception in 1974 – …

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How disabled must a person be before being able to make a claim and why should women be asked to pay higher premiums?

Below is the Parliament speech by Member of Parliament for Aljunied GRC, Sylvia Lim on CareShield Life Delivered in Parliament on 10 July 2018 As many Singaporean families can attest, financing of long-term care is costly. This is unlike hospitalization for emergencies or acute conditions, requiring a person to be in the hospital for a relatively short period of time. …

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Parliamentary questions for 11 July 2018

The Singapore Parliament will sit at 12:00 noon on Wednesday, 11 July 2018 for the 80th session of the 13th Parliament. *18 oral questions and 3 written question had been scheduled to be asked. At the commencement of Public Business, there will be a notice of motion: EDUCATION FOR OUR FUTURE: That this House recognises that a love for learning …

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Does Chan Chun Sing not know the difference between basic needs and wants?

In an address to Parliament by Minister for Trade and Industry, Chan Chun Sing, he stated that “different groups of Singaporeans have different concerns”. He went on to say that  “no single measure will express an individual’s ‘cost of living’ pressures fully, given the different needs and wants, the evolving aspirations and the potential gap between aspirations and anticipated means.” While …

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Elected MPs and their potential conflicts of interests

The recent parking saga involving elected Members of Parliament paying only $365 annually to park in car parks across the country has reminded me of the vital need for accountability of those elected to office. MPs are being paid with public funds to serve the people who have elected them. While it may not always seem obvious, it is imperative …

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Body found submerged in Singapore River

A male body was found in the Singapore River near Robertson Quay on the morning of 10 July. The Singapore Civil Defence Force (SCDF) said it had received alerts regarding a “person who had entered the Singapore River” near 80 Mohamed Sultan Road, according to Channel NewsAsia. Subsequently, SCDF officers conducted a “surface search” in the area. Simultaneously, an underwater search …

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Dr Teo You Yenn: Pedagogical reforms, universal income needed to address socioeconomic inequality

According to Dr Teo You Yenn, author of “This Is What Inequality Looks Like” and Associate Professor and Head of Sociology at Nanyang Technological University, certain changes need to be implemented on a structural level in order to tackle the issue of socioeconomic inequality in Singapore. Dr Teo believes that “many Singaporeans care about the problems of poverty and inequality, …

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