Singapore Matters

2022-04-04 10:12:25 ​​WP's proposal to spend 60% of NIRC on current generation is not only unfair to future generations, it is also decidedly deceptive.

Their proposals will result in even less savings than you think.

They propose TWO ways to dip into the reserves.

First they propose to SUBTRACT from the reserves by spending land sale proceeds directly instead of reinvesting the proceeds to generate a stream of income..

Once spent, the proceeds are gone, and there are fewer assets to reinvest.

So the 40% of NIRC saved for future generations is less than what it would have been if land sale proceeds had been reinvested.

When you factor in the need to hedge the reserves against inflation, the amount saved for the future is not fantastic.

What WP is doing is to kick the can down the road for th future generations to pick up. Who belong to the future generations?

They include those who are still in school today, the babies, and toddlers those not yet born, who, in 20 years' time will be the young adults facing the challenges. Open / Comment

2022-04-03 08:20:50 Opposition supporters made fun of Minister Chan Chun Sing when he was busy diversifying food sources including eggs in 2020 in the midst of the pandemic.

Now, Lim Tean is crying because eggs, which he enjoys, are expensive.

Thanks to diversification of food sources, eggs are not in short supply and Lim Tean can still enjoy eggs for breakfast, lunch and dinner.

The rise in prices is due to higher chicken feed prices and logistic costs, the result of disruptions in the world. It impacts the whole world, not just Singapore. For example, when fuel price goes up, transportation of the eggs will cost more.

That's the world we live in today. The pandemic has not ended while another challenge has emerged with the Russia-Ukraine war. We don't know when these will end.

But we know we need leaders with good heads on their shoulders, not frogs in the well and petty politicians. Open / Comment

2022-04-03 06:42:40 The Workers' Party continues to push for spending from reserves for recurrent needs.

They put up arguments that cannot stand on scrutiny and demonstrate a complete lack of awareness of the reality of the world we live in.

They are like frogs in the well that see a pot of gold and nothing else. Open / Comment

2022-04-02 09:40:43 Not a Beijing whisperer, says PM Lee Hsien Loong. Open / Comment