HDB: We lost S$1.64 billion from building HDB flats

According to the Housing Development Board (HDB)'s latest annual report released today (Oct 13), the government lost S$1.64 billion from building new HDB flats in the latest financial year. You...

Temasek Holdings lost more than €400 million in Spanish oil company Repsol

Temasek Holdings lost more than 400 million euros after selling its shares of Spanish oil company Repsol. In 4 Mar 2013, Temasek Holdings announced that they bought 5% of Repsol...

Minister Tharman: Sell or rent your home when you are old to retire

Giving a speech proposing to change the Constitution, Deputy Prime Minister Tharman Shanmugaratnam said that Singapore government have 3 "thrusts" to help Singaporeans retire: 1) Selling or renting out your...

NUS economist: Minimum CPF payout of S$450 to S$600 is required

Associate Professor Chia Ngee Choon, an economist from the National University of Singapore, lashed out at the amount of CPF payout for low income elderly and lambasted the present...

Singapore Government: We don’t know how to increase CPF returns

A government-appointed CPF Advisory Panel has failed for the third time to meet it's self-set deadline for proposals to increase CPF returns and payouts. The proposals were supposed to...

Lee Hsien Loong quote his father to fix the Presidential election

"This is not a Malay Singapore, not an Indian Singapore, not a Chinese Singapore. This is for everyone." Quoting his father Lee Kuan Yew, Prime Minister Lee Hsien Loong said...

NUS economist: GIC should return profits made from CPF funds

Speaking at the NUS forum yesterday (Jan 12), NUS economist Associate Professor Chia Ngee Choon called for the Singapore government to return profits made from CPF funds to be...

CPF-funded GIC movement watch

Singapore's CPF-funded sovereign wealth fund company, Government Investment Corporation of Singapore (GIC), headed by Prime Minister Lee Hsien Loong has recently made numerous high profile purchases in billions in...

Health Ministry: Singapore government made at least S$2 billion out of Eldershield since 2002

Since the national insurance scheme ElderShield is introduced in 2002, the Singapore government has profited at least S$2 billion by far and has only paid out S$90 million. In...

CPF: Worried about inflation? Lower retirement payout then

According to the Central Provident Fund (CPF) advisory panel, if Singaporeans are worried about losing their fixed monthly retirement payout to yearly inflation, they should lower their CPF payout...

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Epilogue

The past week has been heartening to read that many Singaporeans have expressed disappointment in the shut down of States Times Review. I have been...

STR to shut down

The States Times Review website has been blocked under false charges of "fake news" and "criminal defamation" laid by the Singapore dictatorship.   As such, the...

Law Minister K Shanmugam threatens 2 years jail for “Criminal Defamation”

Singapore's Law Minister K Shanmugam has gone to the local state media threatening that the articles published by States Times Review is "criminal defamation"....