Monthly Archives: July 2018

Death of Singapore Armed Forces regular serviceman in Nee Soon Camp on 28 July

An off-duty Singapore Armed Forces (SAF) regular serviceman from the SAF Medical Training Institute was found dead on Saturday (28 July). Ministry of Defence (MINDEF) stated in a press release that the man was found hanging from a rope in his bunk in Nee Soon Camp. The ministry noted that the Singapore Police Force (SPF) and the Singapore Civil Defence Force …

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6 days after declaring that Singapore can lead development in Asia through digital efficacy, data of 1.5 million gets hacked

In an article published by The Straits Times earlier this month, Finance Minister Heng Swee Keat was quoted as saying that “Singapore is positioned to support the region’s development by financing infrastructure and enterprise in Asia, including bringing in private capital”.  He further stressed that Singapore’s adoption of digital technology could “improve transaction efficiency and raise financial inclusion”. These are clear …

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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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