REACH (Telegram) 112 -  What are your thoughts on the issues to be discussed in Parliament today? Which issue interests you the most?

(SK)

12 Jan 2026 (10am - 7pm)

REACH (Telegram)

REACH Singapore, [12/1/2026 9:45 am]

Dear Contributors,

Welcome Back! 😊

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REACH Singapore, [12/1/2026 10:01 am]

📢 Topic 📢

Parliament will sit today (12 Jan) at 12.00pm. Parliamentary questions will cover the performance of investment vehicles Temasek & GIC, the changes to the Integrated Shield Plan and funding for athletes. Four new bills will also be introduced, including the Health Information Bill, which will help streamline patients' medical records.

💬 What are your thoughts on the issues to be discussed in Parliament today? Which issue interests you the most?

📌 Performance of GIC & Temasek

Ten MPs filed questions regarding the performance of investment vehicles Temasek & GIC. 

Temasek, the Government’s investment company, and GIC, Singapore’s sovereign wealth fund, manage the country’s reserves. 

However, a Financial Times article published in December 2025 had questioned the performance of the two investment entities, saying that their recent returns have “compared unfavourably with many global peers”.

Questions were filed on whether the Government was satisfied with the performance of GIC & Temasek and about the metrics used to assess the performance of GIC & Temasek. Questions were also asked if the two entities will still be able to provide a steady stream of contributions to the Government’s Budget amid a more volatile investment landscape.

📌 Integrated Shield Plan (IP) Riders

The Ministry of Health (MOH) announced in November that Integrated Shield Plan policyholders who buy new riders from next April will no longer be allowed to cover the minimum deductibles. A rider is an optional add-on that provides extra coverage beyond the main policy, paid fully in cash. 

MPs asked questions about specific indicators of sustainability in private health insurance premiums and how families will be supported if these payments become unaffordable.

📌 Funding for athletes

Funding for athletes is another topic the House will discuss, coming on the back of the recent SEA Games in Thailand, which sparked discussion on whether there was enough support for Singapore’s sportsmen and sportswomen.

Six questions were raised about funding for Singaporean athletes. Among the questions tabled is whether the Major Games Award Programme, which provides monetary awards for SEA Games gold medallists, among others, can also include SEA Games silver and bronze medallists. 

📌 Bills to be debated in Parliament

Parliament will also debate four Bills.

These include the Public Sector (Governance) (Amendment) Bill and Health Information Bill, the National Council of Social Service (Amendment) Bill and the Singapore Sports Council (Amendment) Bill.

Of note, the Health Information Bill will require all licensed healthcare providers, including private clinics, clinical laboratories and radiological services, inclusive of retail pharmacy licensees to contribute selected health information to the National Electronic Health Record (NEHR). This move ensures that important health information for patient care is accessible to providers across the healthcare landscape, thereby enhancing quality and continuity of care for patients.

📌 Other Issues

Other parliamentary questions include questions about fire safety in light of the tragic high-rise fire in Tai Po (Hong Kong), the changes to Singapore "30 x 30" sustainability targets and efforts to combat money laundering.

👉🏻   https://www.straitstimes.com/singapore/politics/gic-and-temaseks-performance-ip-rider-changes-on-the-agenda-when-parliament-sits-on-jan-12 

👉🏻 https://www.parliament.gov.sg/parliamentary-business/order-paper

👉🏻 https://www.channelnewsasia.com/singapore/integrated-shield-plan-rider-co-payment-cap-deductibles-medisave-covered-5489971?cid=internal_sharetool_web_12012026_cna

👉🏻 https://www.moh.gov.sg/others/health-regulation/health-information-protection/

👉🏻https://www.straitstimes.com/singapore/politics/new-law-proposed-to-mandate-sharing-patients-info-among-healthcare-providers

👉🏻https://www.straitstimes.com/tech/proposed-law-changes-in-spore-to-cut-red-tape-in-data-sharing-speed-up-social-support-experts?ref=latest

👉🏻https://www.channelnewsasia.

----

REACH Singapore, [12/1/2026 10:30 am]

Dear Contributors, 

Pls note that the last link on the topic is as follows:

https://www.channelnewsasia.com/singapore/singapore-sports-council-bill-mccy-mind-sports-esports-5443961

Thank you. 

Megan

365, [12/1/2026 10:30 am]

Investment performances always have ups and downs, I would think GIC and Temasek has to take a more conservative investment approach compared to other private investment entities, so a lower investment return compared to them isn't surprising. They can't just all-in S&P500 then hope for the best like many retail investors boasting high returns from doing exactly that. 

In the same way, when there's market downturn, they lose less than the private entities. From what I'm able to search, the only year they've taken a net loss is during the financial crisis of 2008.

Different market environment and conditions favor different investment strategy, and no one can miraculously pivot their strategies to exactly the ideal one everytime.

So far they still seem to be doing ok for long term at 5.7% annualized for 20 years, and 3.8% after adjusting for global inflation.

REACH Singapore, [12/1/2026 11:00 am]

[ Poll : Which issue(s) are you most interested in for today's Parliament sitting? Share your reasons in the chat! (You may choose more than one option.) ]

- Performance of GIC and Temasek

- Integrated Shield Plan (IP) riders

- Funding for Athletes

- Fire safety measures 

- Changes to Singapore’s sustainability targets

- The Health Information Bill

- The Singapore Sports Council (Amendment) Bill

- Others (please share your views in the chats below)

REACH Singapore, [12/1/2026 11:02 am]

Dear Contributors,

Please take a moment to participate in our polls and share your opinion. The poll questions are pinned for easy reference! You can choose more than one option and your vote is anonymous. 

We look forward to hearing your thoughts on today’s topic!

💬 What are your thoughts on the issues to be discussed in Parliament today? Which issue interests you the most?

Thank you.

Megan

Kai Bin, [12/1/2026 11:05 am]

I voted for fire safety measures, especially after the tragic incident that occurred in Hong Kong last year.

REACH Singapore, [12/1/2026 12:00 pm]

Dear contributors,

Parliament sitting is now live.

Catch the livestream of today's Parliament sitting here: 

https://www.youtube.com/live/wVGcrDpDt_4?si=aOjpCCFpwsW7u-1B

RY, [12/1/2026 12:40 pm]

With the revision of the Medishield IP, many are expected and may downgrade policy, and switch to public hospitals going forward

Hope MOH may expand SG public healthcare svs, since there maybe influx into public hospitals, and longer waiting time are expected for subsidised patients

REACH Singapore, [12/1/2026 2:00 pm]

📢 Topic 📢

REACH Singapore, [12/1/2026 2:02 pm]

Dear Contributors, 

Pls note that the last link on the topic is as follows:

https://www.channelnewsasia.com/singapore/singapore-sports-council-bill-mccy-mind-sports-esports-5443961

Thank you. 

Megan

LCL (Danny 心), [12/1/2026 2:12 pm]

400. I post in REACH (Telegram)  LCL (Danny 心), [14/10/2025 12:24 pm]:-

6. As for outdoor open court picket balls, it is really very noisy - and could disturb the residents even during day time.

7. Wonder why not make picket ball court indoor - in CC like badminton court convertible into picket ball court - whoever book first.

8. Another recommendation is that, can picket bats be transformed into cushion or rubber material that will absorb noise rather than plain wood that produce a very sharp "piak piak" sounds that are very loud and irritable.

9. Can the picket ball be transformed into rubber material that can absorb noise rather than the plastic type like table tennis ball producing high pitch "piak piak sounds".

10. A simple change in design of the picket bats and balls - can go a long way to solve the ongoing irritant and conflict within the neighborhood.

----

Straits Times Published Jan 11, 2026, 03:53 PM Updated Jan 11, 2026, 08:34 PM

'Silent pickleball’: Mountbatten residents trial playing with foam balls to reduce noise.

“The general consensus is that there is no issue with playing pickleball at the neighourhood courts, but the issue is the very sharp ‘pop’ sound that’s being generated,” said Ms Gho, of when plastic balls strike hard paddles and ricochet off the floor.

“Understandably, some residents may feel uncomfortable that their daily routines are disrupted

Complaints about noisy pickleball games have surfaced periodically on social media, as a source of tension among some residents. by the noise.”

Mountbatten residents are trying "silent pickleball" using foam balls to reduce noise generated by the game.

MP Gho Sze Kee aims to minimise disputes with considerate play and a "give-and-take approach", and will hold a silent pickleball tournament in the coming months.

Foam balls reduce noise to conversation levels, and residents said they support their use for quieter gameplay and less neighbourhood disturbance.

“If we can minimise it, that’ll be a great win-win situation.”

RY, [12/1/2026 2:35 pm]

Ms Eileen Chong, a Non-Constituency Member of Parliament (NCMP) whom spoke at Parliament just now, she has bring up many good points abt sharing of personal data and cybersecurity vs worldwide scamming

LCL (Danny 心), [12/1/2026 3:13 pm]

GIC and Temasek Holdings Performance

1. It is reported by Financial Times that both GIC and Temasek Holdings average annual return over 10 years about over 5% in nominal US terms - the weakest among 50 Global Peers evaluated by Global SWF.

While Canada funds achieve stronger returns 9.2% and 7.4% respectively.

2. I will like to say that 7.4% to 9.2% annualised return for a 10 years fund are very good performance. 

But based on my knowledge, many private funds cannot achieve such high returns. In fact worldwide Insurance participating funds can only promise 3.25% to 4.25% annualised return for 10 years or longer like 15 years, 20 years.

LCL (Danny 心), [12/1/2026 3:17 pm]

3. Hence, GIC and Temasek Holdings above 5% annualised annual return average over 10 years - seems to be quite respectable compared to the private Insurance Participating funds of 3.25% to 4.25% annualised return.

4. But having say so, if GIC and Temasek Holdings if benchmarked against 50 Global Peers evaluated by Global SWF - both our Sovereign Funds seem to have underperformed.

RY, [12/1/2026 3:22 pm]

Mr Henry Kwek (Kebun Baru Single Member Constituency).  also bring up quite many good points abt data sharing for PSGA

LCL (Danny 心), [12/1/2026 3:23 pm]

5. But on hindsight, scanning the investment climate across the World, there are higher and higher financial risks among traditional safe and conservative financial tools eg.

a. US Treasury Bonds - which are traditionally safe, guaranteed by Fed, repectable interest rate return - but getting increasingly risky as many government dump the bonds while private hedge funds are taking over demanding higher interest rate, making debt load of US Treasury higher and higher and default risk higher and higher at the backdrop of US$38 trillion debt and still rising.

b. China Big Tech, property investment are also risky - and many financial investors, banks got burned.

c. Also under the background of geopolitical tussling, investment climate is becoming less cosy.

Though where there is crisis, there will be opportunities. 

The crux is where to find and pinpoint the opportunities to ensure a safe and reliable income return.

LCL (Danny 心), [12/1/2026 3:32 pm]

6. Having say so, I will like to venture a suggestion :

Now both our Sovereign Funds are mainly 自力 (that is we are employing local and foreign financial talents to do investment - under a very stringent sets of rules, guidelines and processes - to ensure our investment are safe and not indulge in too risky investment --- which is a respectable approach) - to safeguard our hard-earned Sovereign Wealth and our CPF while earning returns for our NIRC and grow our wealth.

LCL (Danny 心), [12/1/2026 3:38 pm]

But having say so, as benchmark with global peers, we seems to be too conservative.

Hence I will like to suggest, how about both Sovereign Funds set aside 10% and adopt the approach of 借力 - 他力。

That is, setting aside 10% - for GIC (I guess 10% of $1 trillion - $100 billion), for Temasek Holdings ($434 billion - $43.4 billion) - to appoint a few (to spread our risks) respectable, safe and reliable Global or Local Funds that has higher financial performance - to help both our Sovereign Funds invest.

Let see they can help both our Sovereign Funds ramp up our annualised returns to 6% or higher?

LCL (Danny 心), [12/1/2026 3:43 pm]

Note:- As both of our Sovereign Funds are safeguarding our National Wealth and our CPF while earning respectable income returns - we should cap the approach of 借力 - 他力 to 10% and not higher, while the rest of 90% will still adopt the GIC and Temasek Holdings conservative approach of investment.

Hanny, [12/1/2026 3:49 pm]

I am really pissed with the way town council works

LCL (Danny 心), [12/1/2026 3:49 pm]

Can please elaborate.

Hanny, [12/1/2026 3:49 pm]

No mood

LCL (Danny 心), [12/1/2026 3:50 pm]

Hahaha.

No elaboration can't solve problems.

Hanny, [12/1/2026 3:50 pm]

Time for town council to be transparent with its process and procedures

Hanny, [12/1/2026 3:51 pm]

I don’t expect this group to solve my problem. Just venting my anger.

LCL (Danny 心), [12/1/2026 3:52 pm]

Town council mainly to rectify problems or faults around our living areas.

Not difficult problem to resolve.

REACH Singapore, [12/1/2026 4:00 pm]

📢 Topic 📢

LCL (Danny 心), [12/1/2026 4:02 pm]

Normally I submit any issues or problems via "OneService" Apps.

Issues will be logged and process flow will follow.

Acknowledgement usually within 1 day.

Depending on the complexity of the issues or problems - it take 3 to 5 days to resolve.

Most issues 95% I submitted via "OneService" Apps are resolved.

Except difficult issues like wrong demarcation of cycling path and pedestrian path - I thought won't be resolved, but few months later, I discovered it was rectified.

National issues like booking driving lessons with the driving centres - still yet to resolve.

Other than that, most issues I submitted via "OneService" Apps are properly resolved and closed.

You can rate their service satisfaction in "OneService" Apps after completion.

G, [12/1/2026 4:10 pm]

"Reasonable and within expectations"

Have expectations been set so low? It's doing worse than index funds

Why is it acceptable to accept such low expectations?

"https://www.businesstimes.com.sg/singapore/returns-generated-gic-temasek-reasonable-and-within-expectations-jeffrey-siow"

G, [12/1/2026 4:16 pm]

Performance of SWF has a direct impact on available money for govt budget. If they don't perform well, won't that mean we will be taxed more to fund more and more gov spending?

LCL (Danny 心), [12/1/2026 4:16 pm]

Speaking in Parliament on Monday (Jan 12), he noted that GIC has achieved a real return of 3.8 per cent per annum over the past 20 years, while Temasek has reported a total shareholder return of 8 per cent per annum in US dollar terms over the last 20-year period.

LCL (Danny 心), [12/1/2026 4:18 pm]

Temasek Holdings achieve a 8% annual return for 20 years is a very good performance - for a $434 billion funds.

Better than many private funds notably Insurance Participating Funds that can achieve 3.25% to 4.25%.

LCL (Danny 心), [12/1/2026 4:21 pm]

Bearing in mind that Temasek Holdings do take risks in their investment - such as FTX, Indonesia fish farming - that we achieve total loss.

High return do come with high risk.

Hence Temasek Holdings achieving 8% return for 20 years fund is very respectable.

LCL (Danny 心), [12/1/2026 4:23 pm]

Having say so, GIC are holding, accumulating and growing our CPF and national wealth - will need to be conservative.

And cannot afford to take too risky investment.

I think I support Minister Jeffrey Seow explanation the need for GIC to continue with the conservative approach of investment.

REACH Singapore, [12/1/2026 4:25 pm]

Dear Contributors, 

In case you missed it, here are some updates from the parliamentary proceedings so far:

➡️ On the Integrated Shield plan rider changes: https://www.straitstimes.com/singapore/politics/surge-capacity-may-be-implemented-if-more-turn-to-public-hospitals-following-ip-rider-changes-moh

➡️ On the new active mobility-related bill introduced in Parliament:

https://www.channelnewsasia.com/singapore/pma-medical-certificate-erp-2-obu-parliament-5852346

➡️ On investment returns generated by GIC and Temasek: https://www.businesstimes.com.sg/singapore/returns-generated-gic-temasek-reasonable-and-within-expectations-jeffrey-siow

G, [12/1/2026 4:25 pm]

Why compare with private funds and not other SWFs?

https://www.ft.com/content/2171fbb4-b8e3-413d-8f31-98ec909fd74a

LCL (Danny 心), [12/1/2026 4:25 pm]

I will also like the Government to consider setting aside 10% of both Sovereign Funds to allocate to trusted, safe, reliable global or local funds that have been performing well to help to further boost our earnings.

G, [12/1/2026 4:26 pm]

Even so, GIC have underperformed against GIC's own reference portfolio

G, [12/1/2026 4:29 pm]

So gambling away SWF and then reporting 8% is "respectable"?

Temasek lost S$375mil on FTX.. That's basically the cost of the vanity founders memorial project

LCL (Danny 心), [12/1/2026 4:31 pm]

Canada Pension Plan Investment Board (CPP) and Ontario Teachers’ Pension Plan reported stronger returns of 9.2% and 7.4% respectively.

Hence Temasek Holdings achieving 8% against Ontario Teachers' Pension Plan of 7.4% is a good performance though slightly lower than 9.2% of CPP.

But like what I say earlier, higher return come with higher risk.

As long as Temasek Holdings is able to perform in such level consistently, I think is a good result.

G, [12/1/2026 4:36 pm]

Not sure where the 8% came from. 

"According to Global SWF, Temasek and GIC averaged only 5% annual returns in US dollar terms over the past decade — well below their peers like the Canada Pension Plan (9.2%) and Ontario Teachers’ Pension Plan (7.4%). "

https://glosema.group/news/are-singapores-investment-giants-falling-behind-global-peers/

LCL (Danny 心), [12/1/2026 4:37 pm]

Read the business time Parliamentary speech by Minister Jeffrey Seow which you attached.

G, [12/1/2026 4:37 pm]

Jeffrey claim 8%

Global SWF say 5%

Someone not telling the truth

365, [12/1/2026 4:39 pm]

Past decade vs past 20 year, different lengths of time

LCL (Danny 心), [12/1/2026 4:41 pm]

I think swf average out GIC and Temasek Holdings.

G, [12/1/2026 4:41 pm]

This number is from the last decade

G, [12/1/2026 4:42 pm]

But this number is from last 2 decades

G, [12/1/2026 4:42 pm]

So need to compare within same time frames right?

LCL (Danny 心), [12/1/2026 4:42 pm]

Though I agree longer duration usually bring higher returns.

G, [12/1/2026 4:42 pm]

Should not compare 8% over 20 years with 7.4% over 10 years

G, [12/1/2026 4:44 pm]

You misled by comparing returns over 20 years vs returns over 10 years, then use the 20 years returns to claim "good performance"

LCL (Danny 心), [12/1/2026 4:44 pm]

As when both Sovereign Funds are setup, their financial investment is always invested 20 years as their approach.

LCL (Danny 心), [12/1/2026 4:46 pm]

But as both of our sovereign funds have overlapping funds maturing, annually, the realised return, nirc we received and can spend from income realised by Temasek is indeed 8%.

LCL (Danny 心), [12/1/2026 4:50 pm]

That's swf investment strategy target 10 years investment returns but taking higher investment risk.

Our sovereign funds use 20 years return at lower risk but still generate good returns annually.

I feel more comfortable with both our sovereign funds approach of 20 years investment horizons as compared to swf 10 years horizons especially in this more turbulence geopolitical climate.

Taking lower risk than higher risk will ensure our capital and wealth are safeguarded.

LCL (Danny 心), [12/1/2026 4:53 pm]

Having say so, I will urge the government to consider my suggestion to set aside 10% for both Sovereign Funds to engage trusted well performing funds management to further boost our earnings.

I support our government explanation and approach of both Sovereign Funds current investment approach - that will ensure our sovereign wealth and CPF are more safely invested.

G, [12/1/2026 4:53 pm]

Comment doesn't make sense.

Comparisons above vs other SWF are historical, not future projections / risk appetite

Fact is, over the last 10 years, GIC and temasek have underperformed quite badly vs other SWF

365, [12/1/2026 4:55 pm]

Investment opportunities might be another factor, I would expect both to have their individual access to private investments not available for other investors. 

In terms of scale, Canada has more advantages, coupled with their natural resources that some of their organizations can profit off of. 

Glosema group article also points out that GIC has a more conservative approach, "lower in risk and rich in diversification". This naturally trends to lower performance than the peers, especially since the last 5 years have seen some huge recovery and boom in equities growth post covid, which favors profiles with a riskier appetite. 

Compared to their 20 year timeline, 2008 is almost 20 years ago, though not quite yet. After 2008, it's been unprecedented continuous growth until covid hit in 2020, so most of the growth is definitely weighted between these 12 years.

LCL (Danny 心), [12/1/2026 4:55 pm]

I have a chance to learn from a very strong mathematician.

He use statistics, with graph and charts to show historical trends - and indeed proven that our 20 years investment horizons is a proven investment model for safe and trusted investment.

Consistently deliver the promised returns year in and year out.

He told me this is math - empirically reliable and always proven - that can ride over few swan events like COVID, financial crisis.

365, [12/1/2026 4:57 pm]

If there's any statistics for other funds to compare their 20 year to 10 year annualized returns, I would be interested. Post 2008 recovery had a long bull run. I would expect most funds to have their 20 year to beat their 10 year.

LCL (Danny 心), [12/1/2026 4:58 pm]

Yes, going with math model, both our sovereign funds is almost sound averaging out 20 years instead of 10 years.

365, [12/1/2026 4:58 pm]

There's multiple differentiator and reasons, but private investment opportunities I think has to be one of the bigger ones

365, [12/1/2026 4:59 pm]

If we take the US for example, their military industrials is raking in big for them, I doubt other nations can invest in it

G, [12/1/2026 5:01 pm]

Difficult to find readily available public stats for 20 yr SWF historical performance. 

So when Jeffrey threw out that 8% over 20 year stat, it's just a standalone stat with little significance when it cannot be compared. 

It's like saying so-and-so is xyz cm tall.. so what?

G, [12/1/2026 5:03 pm]

Regardless, SG's SWF needs to perform a lot better since their returns significantly fund govt spending.. If they continue to perform at current low levels, then won't it be safe to say that taxes need to be raised to continue the current trend of increasing govt spending?

LCL (Danny 心), [12/1/2026 5:03 pm]

I also have opportunities to speak to a few very experienced fund managers.

They say the averaging funds if pitch at 20 years can almost guarantee the return promise if the investment portfolios are very well diversified - because money if don't fall on one portfolio will go to other portfolios.

So both our sovereign funds approach of 20 years plus GIC well diversified investment though at a lower return compared to Temasek more targeted investment at high growth areas - will certainly make our investment risk lower.

Hence I am very comfortable with our Minister explanation and both our sovereign funds approach in investment.

One defend, one attack.

365, [12/1/2026 5:04 pm]

8% is to show that we are still safe long term wise, we still have buffer.

I never follow what was spoken and referenced in parliament, but GIC website shows return over 20 years ending 31 Mar 2025, denominated in USD to be 5.7%

365, [12/1/2026 5:04 pm]

Not sure if the 8% is after conversion, or if it's a couple months ahead adjusted for

G, [12/1/2026 5:05 pm]

jeffrey say 8% is temasek

LCL (Danny 心), [12/1/2026 5:05 pm]

Yes.

Math model don't lies.

Also actual return don't lie.

G, [12/1/2026 5:06 pm]

Yes, govt spending also don't lie. Money need to come from somewhere. 

If SWF continue to underperform, and govt want to continue increasing spending, then how?

Need to raise taxes right?

G, [12/1/2026 5:08 pm]

https://www.mof.gov.sg/policies/reserves/net-investment-returns-contribution/

LCL (Danny 心), [12/1/2026 5:10 pm]

1. A good thing is our sovereign wealth is compounded.

2. That's every year, as we earn income, half is allocated to nirc to spend, half put back as capital.

3. That means, our sovereign capital become bigger and can be invested to earn higher return, in which our nirc also become bigger every year to fund our higher government spendings annually.

G, [12/1/2026 5:12 pm]

So that also means when the actual income earned is lowered, and govt still wants to increase spending, then taxes need to be raised to fund the increased govt spending right?

LCL (Danny 心), [12/1/2026 5:12 pm]

4. Higher return means our nirc will grow bigger to fund higher taxes.

5. I feel comfortable with our government and sovereign funds approach to grow our wealth.

6. Slow and steady win the race.

Greed sometimes will burn our capital not to mention higher return.

LCL (Danny 心), [12/1/2026 5:14 pm]

7. Having say so, I propose government do a fine tune to the current approach - ie. Set aside 10% of both Sovereign Funds to appoint few reliable high performing funds management to spread the risk to earn a bit more - hopefully boost our annual earnings to 6 % - our medium target.

LCL (Danny 心), [12/1/2026 5:21 pm]

Btw I was briefed by some experience fund managers that given the current more challenging geopolitical environment, 10 years investment horizons is actually a higher financial risk - may not be a sufficient timeline to move investment funds around the various financial portfolio to reap higher returns and run away from more dangerous investment tools.

They told me 15 years to 20 years is a better timeline to earn almost guaranteed higher and safer investment returns.

I think our Minister explanation and both our sovereign funds 20 investment horizon is a math proven, sound and reliable approach.

G, [12/1/2026 5:25 pm]

Isn't this conflating projection vs historical returns?

LCL (Danny 心), [12/1/2026 5:27 pm]

As both our sovereign funds have overlapping and mature funds every year - indeed it is a true realised return.

G, [12/1/2026 5:27 pm]

How does current more challenging geopolitical environment affect what happened 10 or 20 years ago?

That's like saying things happening today has the ability to change what happened in the past

LCL (Danny 心), [12/1/2026 5:28 pm]

Read global financial news.

Study economics.

Be conversant with statistics.

And prove the theory through hands on investment.

If not listen to experience funds manager explanation.

And look at empirical results.

G, [12/1/2026 5:29 pm]

So are you saying a 20 year projection or 20 year look back into history?

LCL (Danny 心), [12/1/2026 5:31 pm]

Btw, any bank RM in this forum?

I think you can explain better.

G, [12/1/2026 5:32 pm]

You use "horizon". Do you mean looking into the future or looking back into the past?

This kind don't need RM to explain

G, [12/1/2026 5:35 pm]

If "horizon" you mean looking into the future, then how does that relate to 10 / 20 year historical performances of SWFs?

If by "horizon" you mean looking back into the past, then how does "the current more challenging geopolitical environment" affect events in the past?

G, [12/1/2026 5:36 pm]

You don't make any sense at all

LCL (Danny 心), [12/1/2026 5:36 pm]

I think 365 got a good grasp of what I mean.

G, [12/1/2026 5:36 pm]

365 comments are understandable and makes sense. Yours does not

G, [12/1/2026 5:43 pm]

If this govt wants to spend more and more money, then they better make sure their revenue generators perform better. 

Don't hide behind comments like "bottom-up investor" and then ask Singaporeans to accept the low historical returns.  

Because we know, if the govt didn't earn enough through and the NIRC cannot adequately support their spending, then they will take money from Singaporeans through taxes to fund their budget

Higher taxes just results in artificially increased costs of living

365, [12/1/2026 5:51 pm]

Generally a longer time period captures more ups and downs that a profile will experience compared to a shorter time period. It demonstrates the resilience of an investment profile. A shorter time period demonstrates how well it is performing in the current environment.

If we were to compare it as a standalone, is that the strategy is resilient but not as well suited for the current environment, might be slow to pivot. I honestly would expect this because there's only so much risk they can afford to take, they would rather take the win less than lose more choice.

If we can compare across funds to see if there's any general patterns between the funds, then we can attribute it to the financial environment changes (such as all markets down during 2008 financial crisis and covid).

I'm more curious on how the 20 year MA has trended to account for the overall resilience. We will expect this number to go up in 2029 since it will exclude the poor performance of 2008 by then.

LCL (Danny 心), [12/1/2026 5:52 pm]

Good explanation.

You in financial field?

365, [12/1/2026 5:53 pm]

As to whether this is sustainable for budget, I really can't tell without the numbers to crunch. Just because they could use 50% of the expected long-term real returns in the past, doesn't mean they have been using the full 50%.

365, [12/1/2026 5:54 pm]

Just studied it in poly, but never delved into the field, so at most just a learned layman

LCL (Danny 心), [12/1/2026 5:54 pm]

Oh I also layman.

Did some study in Uni.

LCL (Danny 心), [12/1/2026 5:58 pm]

But I do see a few real cases.

1. 10 years financial horizon - the investment return + and minus the targeted earnings. Not very accurate as the investment timeline too short.

2. 15 years horizons - almost always exceeded the targeted earnings.

3. 20 years horizons - the intermediate locked earnings achieved - almost will be able to well exceed the targeted earnings.

That's why I very confident the Minister Parliament statement is true and both Sovereign Funds investment approaches are on the right track.

REACH Singapore, [12/1/2026 6:00 pm]

📢 Topic 📢

365, [12/1/2026 6:11 pm]

As much as I want to, I can't think of a good direct benchmark from public data. At best is to compare trend lines between the funds and not their actual returns, due to too many other factors in play. Comparison between multiple trend lines tell a better story on performance, if majority trend upwards and we are the only 1 or part of a few trending downwards, then it's alarm bells. 

Private investment opportunities like I previously mentioned, currency strength, available reserves leading to different risk appetites, and even their geopolitical standing. 

What's the worse for US if they take a loss? Print more money, hand out more bonds, and take the entire world with them through inflation. Much different consequences than if our own funds were to take a loss. 

We do have losses such as FTX, but it's the nature that there are gains and losses through all investment strategies. Could be a small portion being allocated to these exploratory opportunities, as long as it doesn't tank the entire fund, I find it to be normal. The problem lies again in not knowing the numbers, a couple hundred million loss does seem huge to us, but how much is it in terms of percentage of overall assets?

If I have the data, my own benchmark would be how much for the 50% are we utilizing, and has that been increasing, decreasing or remaining stable? Granted there is good reason that the total AUM is not public information, I think it should be safe to at least reassure Singaporeans by giving us the utilization rate, or at least into allocation tiers.

G, [12/1/2026 6:33 pm]

HDB flats are not soldier barracks leh

"MP Ng Chee Meng (PAP-Jalan Kayu) noted that there were three serious fires that resulted in deaths in 2025. 

He suggested conducting fire drills at public housing estates so residents get "more hands-on education besides head knowledge"."

https://www.channelnewsasia.com/singapore/review-early-findings-hong-kong-investigation-wang-fuk-court-fire-5852651

Caleb, [12/1/2026 6:36 pm]

no need spam. Can just pin this msg will do.

G, [12/1/2026 6:38 pm]

"Questions were filed on whether the government was satisfied with the performance of GIC & Temasek..."

When the board of directors in GIC are

Chairman: 

Lee Hsien Loong

Deputy Chairman: 

Lawrence Wong

Directors:

Gan Kim Yong

Heng Swee Keat

Lim Hng Kiang

...

https://www.gic.com.sg/who-we-are/board-of-directors/

Khai Mun L., [12/1/2026 8:14 pm]

I don't bother with the financial performance during these 'boom' times.

Why these critics never complain why we not follow the average market losses during the downturns. Instead, sg made profits

LCL (Danny 心), [12/1/2026 8:16 pm]

Hmm ..

That's a good observation.

Averaging out the returns will give us sustainable and consistent income annually.

Whereas a year return to measure and conclude our sovereign funds not doing well this year while other funds are doing well is not a good comparison.

Khai Mun L., [12/1/2026 8:19 pm]

And our sovereign funds are not actually 'not doing well', they are still making profits.

It's like I won 3rd prize in 4d, but still complain i underperforming because i didn't get the top prize

LCL (Danny 心), [12/1/2026 8:22 pm]

Yes.

In fact I like both our sovereign funds approach in investment and safeguarding our wealth and CPF.

It is time tested and proven.

I also use similar model to invest my passive income.

One defend, one attack.

For decades, the income return is respectable and consistent though I don't do as well as GIC and Temasek percentage return.

But still respectable and safe.

LCL (Danny 心), [12/1/2026 8:28 pm]

路遥知马力。

Long distance runner see the real potential of the horse stamina.

A short sprint though very fast can win in short term - but cannot last.

LCL (Danny 心), [12/1/2026 8:29 pm]

We are running a marathon, not a sprint.

REACH Singapore, [12/1/2026 8:52 pm]

Dear Contributors,

⏰ We will be closing the chat in 10 minutes ⏰

Thank you very much for being part of our Telegram chat and participating actively.

Goodnight!

Megan 😊

365, [12/1/2026 8:59 pm]

Yeah agreed on this, they obviously have to manage the risk, and lower risk is naturally lower returns, but also lose less in a downturn. Since this is tied to budget, the better metrics will be the utilization rate, if it's near the 50% cap consistently then it's a cause for concern.

REACH Singapore, [12/1/2026 9:04 pm]

Dear Contributors

We will be closing the chat for today.

Thank you very much for being part of our Telegram chat and participating actively.

Goodnight!

Megan 😊

====

Walking Monks for Peace 2,000 miles in America - outpouring spontaneous Americans response

 [11/01, 3:00 am] ☸️  Danny 心: https://vt.tiktok.com/ZS5b7ECT8/

Walking monks in America.

[11/01, 3:03 am] ☸️  Danny 心: https://vt.tiktok.com/ZS5b77foB/

Buddhism silently spreading in America.

And those Americans that respond to them do so with their hearts.

[11/01, 3:08 am] ☸️  Danny 心: https://vt.tiktok.com/ZS5bvm37V/

Overwhelming heart felt response to walking monks by many Americans in America - walk for peace.

[11/01, 3:24 am] ☸️  Danny 心: Overwhelming with Americans and police come out spontaneously to give them protection.

Many touching scenes.

[11/01, 3:27 am] ☸️  Danny 心: https://vt.tiktok.com/ZS5bcwmY2/

Very touching scenes, outpouring of Americans heartfelt responses to the Monks walk of peace.

[11/01, 4:34 am] ☸️  Danny 心: https://vt.tiktok.com/ZS5bKj848/

Americans spike in interest in Buddhism.

It is spontaneous, it is outpouring, many weeps seeing the monks, the most interesting thing is police officers, sheriffs and Mayors in every US States provide spontaneous escorts to the monks in vehicles and in persons.

Peace, compassion, kindness and hearts emitted by the walking monks just overwhelm the Americans...

[11/01, 4:38 am] ☸️  Danny 心: https://vt.tiktok.com/ZS5bE1RPN/

Police escorts and overwhelming Americans come to see and welcome the walking monks in peace.

https://vt.tiktok.com/ZS5boTcsw/

Georgia 9,000 people turn out to support the monks in peace.

https://vt.tiktok.com/ZS5bEGVC1/

Georgia

https://vt.tiktok.com/ZS5bo6aFC/

The desire for peace is so overwhelming.

Monks walk of peace compassion so overwhelming.

https://vt.tiktok.com/ZS5boaX9o/

Touches alot of Americans heart.

https://vt.tiktok.com/ZS5g1d6Jr/

Alabama

https://vt.tiktok.com/ZS5b33jCJ/

Police, mayor give pin and honour to the monk walk of peace.

https://vt.tiktok.com/ZS5g7LQKa/

South Carolina turn out to welcome Monks walk of peace so overwhelming.

Look at the crowd - no end in sight.

The whole city people pouring out to welcome them.

https://vt.tiktok.com/ZS5g7Hw6v/

Crowd at Gilbert for the monks.

https://vt.tiktok.com/ZS5gvY59S/

South Carolina.

https://vt.tiktok.com/ZS5gotj8T/

Crowd in Columbia - monks walk of peace.

Almost every US States, the Monks walk of peace attract such huge crowds spontaneously.

No events would have such attraction.

https://vt.tiktok.com/ZS5pRrg2S/

Crowd in South Carolina.

https://vt.tiktok.com/ZS5pR9hbw/

A US resident donated his new car to the monks walk of peace.

https://vt.tiktok.com/ZS5pF3gqu/

Large audience listening to the Monk talk of peace.

https://vt.tiktok.com/ZS5pYYDVM/

State like welcome for Monks walk of peace.

https://vt.tiktok.com/ZS5pyGr14/

Massive crowds accompanied Monks walk.

https://vt.tiktok.com/ZS5pf1HHe/

Walking monks unified Americans of all races and diversity.

https://vt.tiktok.com/ZS5py7MH7/

The overwhelming warm reactions of Americans to the walking monks come from their natural hearts.

https://vt.tiktok.com/ZS5pfpqFS/

Moving moments.

https://vt.tiktok.com/ZS5pf3ofs/

Walking monks in Saluda County.

Huge crowds.

https://vt.tiktok.com/ZS5pPD82t/

Turnout to welcome and support walking monks in many US States are unprecedented.

https://vt.tiktok.com/ZS5pm6tKm/

I am not even Buddhist, but the Monks walk of peace make me crying my heart out.

@Babe:Compassion come from the heart.

Compassion will overwhelm emotions.

@Babe:When a light of peace, emitted in the darkness of hopelessness and injustice - overwhelming emotion arising from the heart will arise and cry your heart out.

@Babe:When everyone experience, division, disunity, injustice, conflict, confrontation, experience sinful speeches and actions almost daily - a light of spiritual monks using their actions to call for unity, peace, compassion, loving kindness, wholesome thoughts, speeches and actions - will invoke humans' emotions of inherent good nature and crying your hearts out.

https://vt.tiktok.com/ZS5pXehK9/

An amazing experience.

https://vt.tiktok.com/ZS5pVcjns/

Georgia, people turn out to welcome the  Monks walk.

https://vt.tiktok.com/ZS5pbMhU8/

Americans travel long and far with cars to support the monks walk.

https://vt.tiktok.com/ZS5sYgKkw/

The crowd overwhelming support for the Monks walk of peace is mind boggling.

https://vt.tiktok.com/ZS5tFwS78/

Thai, Vietnamese, Laos, Myanmar, Sri Lanka monks walk for peace - tremendous turnout by Americans.

https://vt.tiktok.com/ZS5tf81DV/

American Christian eager to meet the walking monks.

https://vt.tiktok.com/ZS5tf64rh/

Son bow to the walking Monks.

https://vt.tiktok.com/ZS5p2Sp7T/

The monks' Peace Walk has been met with overwhelming love and gratitude everywhere they go.

But in one town, a small group from a Baptist church misunderstood the whole mission, shouting about salvation while the monks walked silently.

Instead of arguing back, the monk turned it into a beautiful lesson the entire crowd needed.

"We are not here to fight anybody. We are here to fight ourself. The biggest enemy isn't outside voices, it's our own mind, our thoughts, our reactions."

"A monk turned a small Church protest into a beautiful lesson."

只有纯正的 法，才有这样如此的魅力。

势如破竹，锐不可挡。

慈悲 感化人心。

Only the pure Dharma possesses such power.

Its momentum is unstoppable, its advance irresistible.

Compassion touches and transforms hearts.

----

[11/01, 5:21 pm] ☸️  Danny 心: Yes — what you’re seeing in that TikTok video isn’t just a random local phenomenon, it’s part of a high-profile, nationwide Buddhist event called the “Walk for Peace.” It’s a long-distance pilgrimage that has genuinely drawn thousands of onlookers in multiple U.S. states, and it is attracting attention beyond social media clips. �
ABC Columbia +1
🧘‍♂️ What the Walk for Peace Is
What it is: A group of about 19 Buddhist monks from the Huong Dao Vipassana Bhavana Center started a 2,300-mile pilgrimage across the U.S. in late October 2025, walking from Fort Worth, Texas, to Washington, D.C. to spread a message of peace, compassion, unity, and mindfulness. �
Wikipedia
They travel on foot through towns and cities, sometimes barefoot, practicing ascetic Buddhist traditions. �
MySA
They are accompanied by a rescue dog named Aloka the Peace Dog, who has become a social media symbol of the journey. �
People.com
👥 Crowds and Public Reaction
Thousands of people have turned out spontaneously to see the monks as they pass through communities, including in Columbia, South Carolina where crowds lined streets and gathered at the State House to hear them speak. �
ABC Columbia +1
In Decatur, Georgia, thousands waited for hours in cold weather to welcome them, with state leaders giving speeches and supporters expressing a desire for peace and unity. �
ajc
Local news reports describe large, respectful onlookers offering flowers, water, and positive messages as the monks walk. �
https://www.wistv.com
A local mayor even declared a “Walk for Peace Day” when they passed through Columbia, showing how the event has become a community moment. �
dailygamecock.com
📈 Why It’s Drawing Attention
Social media amplification: The monks’ journey has tens of thousands of followers through official pages, and the story of Aloka the Peace Dog has attracted even more engagement. �
Stay Inspired News
Cultural hunger for meaning: Many people who saw them say the sight felt moving, peaceful, or reflective at a time of broad social and political tensions, so the turnout isn’t purely about religion but about a shared message of compassion and unity. �
Yahoo News Singapore
🧠 What It Doesn’t Necessarily Mean
This event doesn’t necessarily signal that huge numbers of Americans are converting to Buddhism in a formal religious sense; instead, many are showing curiosity, respect, or emotional resonance with the monks’ message.
Historically, only about ~1% of Americans identify as Buddhist, although a significant fraction of those are converts rather than from Buddhist ethnic backgrounds. �
AP News
📌 Summary
Yes — the crowds you’re seeing are real and widespread, not just isolated.
They are generated by a long-distance Buddhist peace pilgrimage that has captivated attention both in person and online.
The turnout reflects interest, curiosity, and emotional engagement, not necessarily mass religious conversion.
The monks’ peaceful message and the unique nature of the walk seem to be what draws people out, even if they themselves do not formally adopt Buddhism.
If you want, I can explain more about the religious background of this kind of peace walk in Buddhist traditions and why it resonates with people across different beliefs.

Source:- ChatGpt

[11/01, 5:24 pm] ☸️  Danny 心: Source :- DeepSeek 

Based on the information available, the video you shared is highly likely to be authentic. It shows a real and ongoing event called the "Walk for Peace," where Buddhist monks are walking across the United States to promote peace and unity. Their arrival in Columbia, South Carolina, on January 10, 2026, generated a massive, spontaneous public turnout.

Here is a quick summary of the event based on the details from news reports:

Event Name: Walk for Peace
Key Figures: A group of 17-24 Buddhist monks and their rescue dog, Aloka
Route: A 2,300-mile pilgrimage from Fort Worth, Texas, to Washington, D.C.
Date in Columbia, SC: Saturday, January 10, 2026
Crowd Size in Columbia: At least 10,000 people lined the streets
Main Event Location: South Carolina State House, where they received official proclamations from the city and state
Public Reception: Described as one of the largest spontaneous crowds in Columbia's recent memory, with people waiting for hours
Next Stops: The monks continue north, heading toward Charlotte and ultimately Washington, D.C., where they plan to arrive by mid-February 2026

👣 Why the Walk Attracts Such Large Crowds

The spontaneous and massive public response, described as unprecedented in recent memory for Columbia, can be attributed to several factors:

· Universality of the Message: The monks' core message focuses on inner peace, compassion, and unity, which transcends political or religious differences.
· Social Media Impact: The journey has amassed a huge following online, with daily updates allowing people to track their progress and feel connected to their mission.
· Sincere and Simple Action: In a complex world, the powerful, simple act of walking thousands of miles for peace resonates deeply with many people.
· Community and Symbolism: Local communities along the route often organize support, creating a shared experience. The presence of Aloka, the rescue dog, adds a relatable and heartwarming element to their journey.

ℹ️ How to Follow Their Journey

If you are inspired to follow or support the monks, here are some official resources:

· Online Tracker: Their official website or Facebook page provides a real-time map of their progress and planned stops.
· Social Media: The "Walk for Peace" Facebook page posts daily insights, updates, and photos.
· Etiquette for Observers: If you plan to see them in person, guidelines suggest dressing modestly, maintaining a calm presence, and greeting with a respectful bow if desired.

The event in your video is a verified, major news story. The monks are continuing their journey, and their message continues to draw significant public interest and support across the country.

Would you like help finding their specific route for the next few days or their official social media links?

====

Flaws with WP alternative policies

 

13 Apr 2025

@Babe:Flaws with WP alternative policies in Parliament :

1. Propose land sales to finance recurrent fiscal budget - soon no more lands for younger generations as Singapore is a little red dot.

@Babe:2. Use more nirc 60% - no GST hikes.

Equivalent to raiding our reserves & leaving less reserves for our younger generations.

@Babe:3. No GST hike - Government fiscal budget deficit results in debts. Unable to accumulate surplus to do tax transfer to 90% of the population.

4 members family get > $10,000 tax transfer for 2 years.

@Babe:CDC, GST vouchers, utility rebate, senior bonus etc - 4 member family receive > $10,000 rebate.

More than GST, inflation rise. 2% $48,000 - GST hike= $960.

@Babe:How many people spend $4,000 a month or $48,000 a year? 2% GST hike is only $960.

A 4 member family receive $10,000 or more.

$10,000 not enough to cover $960?

@Babe:Did you do a calculation before you fool the voters?

You think all voters are stupid?

@Babe:Are you saying a household spend $4,000 a month now spend $8,000 a month because of 2% GST hike?

Singapore voter's stupid?

@Babe:Who actually pay for the GST hike?

It is the top 10% rich people paying for the GST. 

90% of the population actually gain from the GST tax transfer - and incur no loss from GST hike & inflation.

@Babe:So oppies didn't do a detail computation but attempt to fool gullible voters.

@Babe:4. Advocate Minimum wages without productivity growth. Singapore labour force lose competitiveness to other countries.

PAP advocate PWM - step increase in wages with productivity growth.

@Babe:5. Advocate Retrenchment insurance.

Retrenched workers no incentive to rejoin workforce.

PAP provide job support fund + training + job placement.

@Babe:6. Advocate Nationalisation of public transport.

This will drain taxpayers money, inefficiency, no market discipline, cannot bid overseas project to earn revenue.

心法:
After Note (about Nationalisation, what is the impact):-

Assume what WP and the oppositions say, let us revert back to Nationalisation – by converting all GLCs (that provide public goods and services) to State-Run Enterprises, what will be the implications :-

Funding – how and where to get the money to buy out all the public shares in the Singapore Stock Exchange eg. Singtel, PSA Corp, NCS, ST Engineering, Keppel Corp, Smrt , Comfort Delgro, DBS, Sembcorp, SIA, SIA Engineering, Scoots etc ?

a. Liquidate half of Temasek Holdings GLCs' assets to pay shareholders holding all these GLCs shares and delist from the Singapore Stock Exchange (about $200 billion). What will be the implications:-

SES (Singapore Stock Exchange) portfolio diminished drastically – and can no longer function as a stock exchange as the market capitalisation heavily front by GLCs. SES paralysed and could become dysfunctional as the remaining shares are SMEs or smaller values in capitalisation.

Temasek Holdings' asset values as Soverieign Fund cut by half – and the NIRC and the profit earned will be greatly reduced. Hence the half of NIRC contributing to the fiscal budget will be greatly reduced – means more taxes in the form of GST, personal income tax, corporate tax etc will be needed. We as a taxpayer will have to pay more taxes – don't know how many percentage more taxes that we need to pay to make up for the lost government revenue earned from the NIRC.

b. If financing the Nationalisation of all the GLCs are not to be funded by the liquidation of Temasek Holdings, then Government will have to make use of taxpayers money to “Nationalise” the GLCs – assume Government need to collect additional $200 billion more taxes to do that. Now with GST, personal income tax, corporate tax, NIRC, other taxes – we collect about $100 billion to finance our yearly government spendings. To finance another $200 billion to “nationalise” the GLCs, taxpayers got to pay 200% more in terms of GST, personal income tax, corporate tax, NIRC, other taxes etc for the government to collect $200 billion more --- are taxpayers willing to pay 200% more taxes? Not to mention getting CDC vouchers, GST vouchers etc ---- taxpayers will have to pay much more taxes to “Nationalise the public goods and services” with no more CDC or GST vouchers.

c. The impact to our structure of our Economy and GDP is huge – we immediately drop from a very rich country to become a 3rd world country – from 2025 back to 1990s or 1970s – this is the impact of mismanaging our Economy if WP and the oppositions play their cards to push for Nationalisation of our public goods and services.

d. In addition, all our GLCs without subjecting to market forces and market competition will fall into inefficiency – because it cannot benchmark to market competitive pricing – as these State-Run Enterprises (SOEs) will keep putting out their hands to the Government for funds year after year. How do the various Ministers determine if the funds requested by the SOEs are reasonable if there are no market competition and benchmark? Where do the Ministers get the fund from short of taxing taxpayers to pay them?

e. GLCs if nationalise cannot tender and compete for business in overseas market – whereby currently, most if not all our GLCs gain very huge revenue and profits from overseas business because Singapore domestic market is very small unlike overseas world market - then we are losing billions and billions of $ in foreign earnings.

Only North Korea are using SOEs to run public goods. Many current and previous communist countries such as China, Russia, Vietnam, East European countries have long discarded Nationalisation and convert to Privatisation or GLCs (Government Linked Companies) operate in a market economy precisely the negative impact of a SOEs.

Now our oppositions, WP want to revert back to Nationalisation of our public goods and services started with SMRT?

Are we dooming ourselves to place our trust with the oppositions and WP?

I am surprise that WP has an Economist that work with international economic bodies – but fail to understand this very basic fundamental principles of macroeconomics – free market economy.

@Babe:7. WP Manap - want politics, governance to mix with religion citing Islam operate this way.

Pritam cut him off.

Singapore is secular society.

He want Buddhism, Christianity, Hinduism to mix with governance?

@Babe:8. Suggest 70 year lease. Then top up for 29 years.

a. When you retire, got money to top up?

b. If 70 year lease expires, you still survive no where to live?

@Babe:9. If want to sell the flat with lower lease, cannot fetch good price.

a. 99 year lease, people already say barely enough,WP say HDB flat should start with 70 years lease?

@Babe:10. There are so many layers of government in formulating government policies before it finally settled in Parliament.

2. Not a blank check or own self check own self.

@Babe:11. Layers of check & balance in policy formulation:-

1. Civil service - department

2. COPS - Council Of Permanent Secretaries

3. Parliamentary Secretaries in various Ministries

@Babe:4. Public Consultation with Private Professional Bodies

5. Cabinet Ministers

Before presented to Parliament debates.

Oppositions rarely value add to amend in Parliament because it is robustly debated.

@Babe:12. 2 party system results in a deadlock government.

Just look at US, UK, S Korea and many others - changing government like changing clothes.

@Babe:13. What solutions is WP proposing to secure Singaporeans jobs threaten by AI, trade tariffs, tech disruption?

What is WP alternative governing policies for Singapore?

@Babe:Can WP govern Singapore?

Looking at the flaw alternative policies propose by WP - Singapore will lose its competitiveness quickly and our reserves will dry out very quickly.

@Babe:Why government spend on memorial hall, because government need to refresh tourism spots to attract tourists spendings.

@Babe:Target $50 billions are earn from tourism.

Memorial heritage worldwide is one tourists attraction big spenders.

@Babe:When external trade take a hit, tourism is to cushion the impact to stimulate domestic economic.

@Babe:$150 million spend on memorial heritage can spin off multiplier effect many times the amount through circular flow of income in construction and subsequent recurrent revenue.

----

@Politics Factual Martin:How are their policies flawed when they are not targeting to be gov?

@Babe:So you admit WP MPs are sub-standard?

If there are PAP MPs why need PAP - lite?

Taking up space for Ministers to solve National problems?

@Babe:We need best brains to resolve difficult and complex national problems.

If candidates are not of the right caliber, drop out of the race.

Don't take out spaces meant for the best brains.

@Babe:Don't sabo Singapore!

@Babe:So democracy is not based on meritocracy and competency.

Even though oppositions quality are lower than PAP, voters will still elect them into Parliament even though their ideas are substandard.

----

@Babe:Do you know why Trump is facing a massive Treasury bonds sell out?

It is precisely adversaries know US debt is $36 trillion.

A coordinated sellout crash US Bond and hike Trump cost of borrowing.

@Babe:Jamus Lim suggest the government reveal the size of our reserves and let speculators crash our financial market?

@Babe:The President and his Council have a full account of all Singapore reserves.

Why the need to fully publish it and let bad actors attack Singapore & cripple our finance system?

@Babe:Adversaries in the US Bond market know exactly what tranche are maturing, where to refinance their bonds etc and do coordinated attacks to short US Bond market.

@Babe:This has upset Trump economic plan who rely on Treasury Bond to finance their fiscal budget - precisely all their details are known to adversaries.

@Babe:Does Jamus want Singapore to undergo similar financial attack like the last Asian financial crisis when ASEAN come under attack - and trigger devaluation of ASEAN currency that lead to a recession?

@Babe:The global challenges are now more potent as geopolitical tensions deepen.

All the more we should keep our reserves safe and get ready if our financial system come under attack.

@Babe:Don't put your stake and children stake in the oppositions.

Put your bet on PAP who have help us to ride many crisis.

Tariff crisis is heavyweight - as supply chain has been broken.

Middle age pmet looking for WP MP Jamus Lim to help look for jobs.

https://vt.tiktok.com/ZSB1Vn4bQ/

WP MP Louis Chia ask voters for solutions how to solve fresh graduates inability jobs in Sengkang.

https://vt.tiktok.com/ZSkvkR8nL/

@Babe:I thought WP MPs should help their wards to find jobs.

This is what you all are elected for.

Why ask residents what to do?

@Babe:If you can't find jobs for your voters, then what are you voted for?

Now this is the moment of truth.

Voters got to live with the consequences of their votes.

@Babe:Difference between PAP MPs and WP MPs.

1. PAP MPs find jobs for voters.

Ng Chee Meng organise SIA, Scoots and many organisations to match jobs for retrenched Jetstar staff

2. WP MPs ask their residents for ideas how to look for jobs for their voters.

@Babe:Notice WP MPs are quite hopeless.
When Sengkang residents approach them to help them find jobs, they throw the problem back to the residents - to ask for solutions.
Then vote WP MPs for what?
Time for Sengkang voters to regret.

@Babe:PAP Ng Chee Meng find 4,000 job vacancies for 300 retrenched Jetstar Singapore workers.
WP MPs are just hopeless lah.

@Babe:Who determines social needs for COE?

Jamus Lim ah?

https://vt.tiktok.com/ZSB7U3pcx/

@Babe:Based on Jamus Lim social needs, then all citizens should get Coe.

Then how is Jamus Lim addressing the limited road space and prevent congestion on the road?

@Babe:Jamus Lim is trying to define social needs for some groups of people but neglected the needs for other groups - playing the role of a "social judge".

Who has given him the right to do so?

@Babe:@Babe:Jamus Lim should bring this up in the Parliament and raise in REACH topic.

Let see how people demolish his ideas and expose him as a bogus economist.

@Babe:Apparently Jamus Lim very weak in the economic principles of scarce resources, demand, supply, opportunity cost vis a vis definition of social needs.

As well as knowledge of alternatives such as MRT, bus, taxi, private hire, av - a mass mover versus a selfish self-centred private car in lieu of limited road space.

@Babe:rich one stay in GCB, bungalow.

less rich stay in condo.

the less well off stay in HDB.

rich own car.

less rich hire cab or grab.

less well off take MRT, bus, av.

@Babe:So are you insisting everyone should stay in GCB with limited land spaces just like everyone should possess a car in limited land road?

@moomoonmoomoo:As I mention, you can do it via ballot, limit allocation to PR and foreigner, limit one per household, penalty that would cause a pinch for those whom want a 2nd car, higher cost implemention for PHV and car sharing, etc etc. so so many can be done, if they can shoot a satellite up for ERP, I am sure they can come up with something except excuses.

@Babe:tell Jamus Lim to bring it up in Parliament and see whether it make sense or not.
ballot some more....
think carefully about the implications and how it impact the economy.

@Babe:all your suggestions have been deeply studied and are not practical.

@Babe:seriously tell Jamus Lim to bring up all your points here in Parliament and see how your points are not workable supported by figures.
this have been discussed for many decades already since Coe have been introduced.
no point discussing here.

@Babe:Just cannot understand some people:-
1. call cab cannot?
2. call grab cannot?
3. take MRT cannot?
4. take bus cannot?
5. rent car cannot?

die die must buy a car? no car can die?
if die die want car, then work hard, earn more money, bid for coe and buy lor.
so many people can travel everywhere with public transport without a car - but yet some people prefer the vanity to own a car.

cannot afford Kao beh Kao bu.

@Babe:Limited land space that are shared by the population is an expensive economic goods.

People who want to own cars for its private use must pay a high price for this privilege luxurious commodity for its own used at the expense of the rest of the population.

I am surprise Jamus Lim as an economist don't understand this Economic principles and try to fool his supporters appealing to compassion - but work against the benefits and interest of the population at large for a few selfish individuals not willing to pay the price to enjoy the privileges.

https://vt.tiktok.com/ZSSRptpU2/

@Babe:WP Jamus Lim is devoid of reality - claiming high corporate tax don't chase away corporates and investors.

Many countries with high taxes are in fact chasing away foreign investors and corporates.

@Babe:Stark warning about the health of the UK economy, as he said that raising taxes to cover mounting borrowing costs will only lead to more people leaving.

https://www.telegraph.co.uk/business/2025/07/28/britain-stuck-in-doom-loop-warns-hedge-fund-chief/#:~:text=Hedge%20fund%20boss,says%20Ray%20Dalio

@Babe:"Tech startups are dusting off U.S. hiring plans after Congress revived a popular tax deduction—and the same change could drive domestic hiring more broadly as well, executives and tax professionals say."

https://www.wsj.com/tech/tech-startups-hiring-us-workers-30f70207#:~:text=Tech%20startups%20are%20dusting%20off%20U.S.%20hiring%20plans%20after%20Congress%20revived%20a%20popular%20tax%20deduction%E2%80%94and%20the%20same%20change%20could%20drive%20domestic%20hiring%20more%20broadly%20as%20well%2C%20executives%20and%20tax%20professionals%20say.

@Babe:So very obvious Jamus writing off corporate tax will not chase away investors - is a big bullshit.

心法:
1. How George Soro speculative attack destroy UK, Mexico, some ASEAN countries financial system and economies.

2. Assume US $1 = UK $1 pound for easy illustration and understanding.

3. Through future trading, assume Soro come into UK market to buy or borrow UK 50 billion pounds. (Note:- Soro taking significant position can influence market trends).

4. UK pound exchange rate value increase and US $ fall as UK in short supply in UK financial market.

5. Soro buy US $ of $60 billion using UK $50 billion pounds as UK pounds is stronger than US $.

6. US $ in UK market in short supply. But US $ as global reserve is needed to make payment for trade.

7. Hence UK business and banks will chase up US $ by buying at higher prices using UK pounds. Leading US $ to strengthen against UK pound.

8. Because Soro significant position suck up significant US $ in the UK financial market leading to short supply, UK Central Bank (Bank of England) will have to release US $ in its reserve to stabilise the exchange rate between UK pound and US$.

9. But as Soro significant position knowing how much Bank of England US reserve is  could draw down the CB US reserves beyond what it have to stabilise the exchange rate.

10. Assume CB only have US $30 billion, UK are still short of US $30 billion to support the payment of trade needed by UK business and banks.

11. So in order for UK economy to service the trade payment, CB have to devalue the UK pound to buy US$ assume UK $2 to US$1.

12. Soro is waiting for this opportunity to earn a big buck and raid UK Bank of England reserves.

13. Soro only needs to use US$25 billion to pay back UK $50 billion pounds as the exchange rate now is 1 : 2.

14. Soro earn US $60 billion - US $25 billion = US $35 billion with virtually 0 or minimal capital.

15. Whereas UK wealth plummet by 1/2 as it devalue its UK pound from 1:1 to 2:1 against the US$.

16. How does HK through the backing of China reserves stop Soro speculative attack against one country after another for his personal gain - and lead to the bankruptcy of Soro Long Term Capital Management Fund?

17. Soro launch a similar ploy on HK financial markets again through future trading.

18. But HK through the backing of China are ready for it.

20. Soro target HK equity and currency exchange through future trading leading turbulence selling of HK shares and currency.

21. But China financial reserves are very strong and much more than Soro depth in many folds, whereby Soro is unable to know how deep China and HK reserves are.

22. As Soro sell HK shares and currency extensively, China and HK keep buying to maintain and preserve its exchange rate stability with US $ as well as sustainable share prices.

23. As Soro is unable to exploit its significant position, because this significant position is in the hands of China and HK, Soro is not able to profit from the differences in exchange rate through the future contract as his predicted market trend cannot be materialised.

24. As a result, when the future contract mature, Soro funds got to top up the significant differences in the shares and the currency exchange to fulfil the future contract.

25. Eg. Soro predict HK currency to be low 2:1, but ended up 1:1 due to active prop up by HK and China CB, Soro got to dig into his fund to pay the differences.

26. So if he borrow HK$50 billion using US$50 billion, he now have to use US$100 billion to repay HK$50 billion when the future contract mature.

27. Hence Soro fund bankrupt.

1. To conclude, I take very strong stand against WP in Parliament and some opposition parties position to force our Government to be transparent and reveal GIC financial statement.

2. We need to keep our financial positions secret and not to reveal to the outside world because there will be crocodile out there in the world that can launch speculative attacks on Singapore finances, lead our nation wealth to plummet, including yours and mine (denominated in S$) or even bankrupt our reserves.

3. Because our sovereign reserves is to protect Singapore wealth, you and my wealth - not to subject to speculative attack by any hostile foreign actors.

4. Hence WP position and some opposition parties position in revealing our reserves and GIC assets - are in fact harming Singapore, as well as your wealth and my wealth.

5. WP and the opposition parties are assisting hostile state actors to attack us by pressing our government to reveal our financial reserves leaving us vulnerable to financial attack.

6. We must not be gullible and fool by that oppositions that will harm all of us.

7. Imagine your wealth and my wealth suddenly cut by 1/2 in values after hostile actors successfully launch a financial attack on US aided by our oppositions and hostile actors earn 1/2 of our wealth thanks to our oppositions?

----
Opposition parties, such as The Workers' Party (WP), have called for greater transparency from GIC, particularly regarding its total assets, performance figures, and the specific valuation of its unlisted assets, arguing that Singapore's sovereign wealth funds are falling short of transparency standards compared to other nations and that the lack of detail raises questions. While GIC discloses its policy portfolio and some performance data, the WP and others have specifically requested more detailed public disclosure of its total assets, arguing it does not share annual performance figures and that hiding performance figures is not sensible, according to The Workers’ Party. 

Sovereign wealth funds’ transparency—by Chua Kheng Wee Louis

Delivered in Parliament on

28 February 2025

https://share.google/QOD16Q4Ipwwt2WY0S

----

[16/10, 7:50 am] Close friend: https://www.channelnewsasia.com/cna-insider/seoul-south-korea-losing-rich-millionaires-wealth-drain-singapore-5403716?cid=internal_sharetool_androidphone_16102025_cna

[16/10, 7:51 am] Close friend: Lesson for Singapore?

[16/10, 10:58 am] ☸️  Danny 心: The country’s top income tax rate stands at 45 per cent, while inheritances above 3 billion won are taxed at 50 per cent.

“That’s one reason why wealthy individuals are looking abroad,” says Lee Yoonsoo, a professor of economics at Sogang University. “When they get older, they want to pass their assets to their children.”

Their choice of destinations reflects their priorities. “Dubai is probably for asset protection,” he cites, highlighting its safe banking system and zero income tax.

Other popular destinations include Australia, New Zealand and Singapore. “Compared to Seoul, they provide better quality of life in some cases,” he adds. “The most important things are the stable tax environment and global networks.”

Indeed, following an investor backlash against plans to hike corporate tax and expand capital gains taxation, the Lee administration has rolled back on the latter proposal. Last month, the president also ordered that additional inheritance tax relief should be given.

Yet, the complexity of South Korea’s inheritance tax rules is partly why it “lags far behind its peers in attracting wealthy individuals”, says Lee Yoonsoo. “And the … visa system isn’t suitable for rich people to reside in the longer term.”

In the region, Malaysia, Thailand and Japan have introduced golden visa and long-term residency schemes, he highlights. “And Singapore leads the race with low taxes.”

“If I go back, … (with) all the wealth I’ve accumulated in Singapore, I’d have to pay half in Korea when I pass my wealth to my daughters,” he says. “I just regularly visit Korea. … I don’t think I’ll go back.”

[16/10, 11:00 am] ☸️  Danny 心: Inheritance tax and capital tax are the main drivers that chase away millionaires from the country.

WP Jamus Lim say taxes on the rich is not the main motivator that chase away rich individuals and business when he debate the GST tax.

He is always wrong economically.

[16/10, 11:06 am] ☸️  Danny 心: If millionaires migrated, they will stop creating business and jobs. And many Singaporeans will lose their jobs. Economic growth will be dampened.

In addition when that happens, the tax burden fully falls on the middle income and the lower income groups.

This means an even higher GST tax will need to be levied for the loss of tax income - and no GST vouchers will be issue to these 2 groups as the GST tax collection can barely cover other government expenditures with lesser leftover for GST vouchers and CDC vouchers.
----

[13/11, 11:15 am] ☸️  Danny 心: "Singapore ranked third top destination for world’s wealthy: Savills".

After Dubai, New York.
HK and Abu Dhabi 4th and 5th.
https://www.edgeprop.sg/property-news/singapore-ranked-third-top-destination-world%E2%80%99s-wealthy-savills#:~:text=Advertisement-,Singapore%20ranked%20third%20top%20destination%20for%20world%E2%80%99s%20wealthy%3A%20Savills,-By%20Atiqah%20Mokhtar

[13/11, 11:18 am] ☸️  Danny 心: Singapore also ranked among the top locations for legacy, given its absence of inheritance, capital gains and wealth taxes.

----

心法, [8/11/2025 8:39 pm]

@Babe:You are breeding a politician like Trump in Singapore.

心法, [8/11/2025 8:40 pm]

@Babe:Scandalising the Court Publishing any matter or doing any act that imputes improper motives or impugns the integrity, propriety, or impartiality of any court, and poses a risk of undermining public confidence in the administration of justice. Making baseless allegations of bias or corruption against a judge or the court in a book, blog post, or on social media.

Interfering with Administration of Justice Intentionally interfering with or hindering a person's access to court or ability to appear, or insulting a judge.

@Babe:Pritam Singh comments infringe this particular clause in contempt of court.

心法, [8/11/2025 8:41 pm]

@Babe:If worker party is a serious party, they should call Pritam Singh to step down as the leader of opposition with this conviction.

心法, [8/11/2025 8:41 pm]

@Babe:The public opinion is that Pritam Singh not only lies once in Parliament, but more than once.

心法, [8/11/2025 8:43 pm]

@Babe:Pritam Singh say, even if he lies, as long as he is voted in, he is above conscience. He can act with impunity.

Singaporeans should reject such politicians.

Just look at what happens in the US.

心法, [8/11/2025 8:43 pm]

@Babe:Low Thia Khiang is a more honest and better opposition.

Pritam Singh is unworthy of the leader of opposition.

心法, [8/11/2025 8:44 pm]

@Babe:What Pritam Singh say in the public is a contempt of court.

心法, [8/11/2025 8:49 pm]

@Babe:That's why Trump can break all constitution and law - because he claim he is voted as president and president can break laws as he win the election.

Pritam Singh claim similar impunity.

@Babe:1. If he lies, he lies.

2. If Court establish he lies and convict him, he lies.

3. It is immaterial if he get elected. As being an elected MP, does not erase the fact that he lies in the Parliament.

4. Call a spade a spade.

5. Public opinion doesn't accord him the status that public opinion is bigger than any world court.

@Babe:See what happens to Trump.

He is convicted for felonies.

But he say public opinion is bigger than any court in the world.

And he run amok breaking all laws and constitution bringing a big mess to the country.

Does Singapore want such politician like Pritam Singh to run amok in Singapore?

----

@Garrick Wong:You totally ignore the context.
He was convicted because every key person in his own team contradicted his version of events. The court didn’t rely on speculation, it relied on testimony from within his party.
So when someone in that position starts talking about the “court of public opinion” during the appeal, it’s not a neutral observation anymore. It’s positioning popularity as a fallback if the legal outcome doesn’t go his way. That is effectively saying: if the facts don’t save me, maybe public sentiment will.

----

https://vt.tiktok.com/ZSPQj3t5x/

Pritam Singh cross 4 red flags:-

1. He covertly encourages his MP to lie in Parliament to protect his party reputation.
His integrity as Opposition Leader is profoundly questionable.
Is this the political leader that Singapore want?

2. In election, he play the most dangerous cards - political identity specifically races and religions that will stoke various communities emotion and could possibly turn into violence just to win votes.

3. He make use of foreign media to air his grievances.

4. He promote the view that as long as he win election and get the support of the opposition voters - he can run with impunity without political and legal consequences - emulating what a Superpower leader is doing.

I think Singapore shall not tolerate such politics.

----

Pritam Singh and Faisal Manap both cross the lines during election on playing with :-
1. Collaboration with foreign country radical Muslims to impose bumi special privileges at the expense of racial and religious equality and meritocracy - that will cause disharmony and tensions among our multi racial and ethnic communities in Singapore.
(The special privileges will make the bumi self-entitled, handicap, lazy and rely on others to finance them - a crutch mentality. Singapore should not breed such community into our society.)

2. Playing along the identity and racial lines triggering national security concerns.

3. Both lies and propagate lies in Parliament on Raesh Khan case.

WP if want to be a serious party should request both to step down from CEC and Pritam Singh should also step down as opposition leader in Parliament as this role has access to security briefings, OSA information and deal with emergency and crisis issues.

Hence WP must be wise to remove Pritam Singh and Faisal Manap that promote such mentality into Singapore. Dangerous for Singapore.

@Babe:Pritam Singh should step down as Opposition Leader and should not have access to National Security information.

----

心法:
1. In corporate, if any management or staff lies, or conspire with others to lie, it is a disciplinary case and will be fired.

2. In schools, if student is dishonest, plagiarism, lie in an exam such as copying or research or study, it will be a disciplinary case, and the student will fail his subject and a black mark to his/her conduct record.

3. In court under oath, if lie in court, is a penal code offence.
In Singapore, lying under oath (perjury) is a serious offense under Section 193 of the Penal Code and carries a penalty of imprisonment for up to 7 years, and/or a fine, as it undermines the administration of justice. The specific sentence depends on the facts of the case, but it's treated as a grave offense, distinct from giving false information to public servants. 

3. What is more the lie, and the conspiracy in the leadership team to lie under oath in a Parliament, the highest office, whereby lawmakers are elected to be the representatives of the voters?

Voters still supporting this type of behavior - leave very much to desire and speak very much about themselves.

====

心法:
Trump absolutely has no restrain in whatever he wants to do.

Because he was given the absolute power by his voters and Supreme Court to act with impunity (to do something wrong, harmful, or illegal without fear of punishment or negative consequences.
It implies that Trump believes he is, or is allowed to be, above the law or normal rules of accountability. ):-

1. His voters vote him in to be the President despite a long tail of legal charges against him and even successful convicted guilty of felony. Voters willingness to forgive his crimes have embolden him to be above the law and to act with impunity.

2. Supreme Court has presided that whatever illegality he do or law he breaks as President can be forgiven and pardon. This gives him the absolute power to set his own morality and act with impunity without regards to the law.

Hence the concept of pardon or forgiving sin with no legal or political consequences is a critical flaw concept and should not allow to take root in our political scene.

In fact it is very dangerous - as Trump impunity can virtually start a World War exploiting his powerful military whereby the check and balance within the US political system is unable to rein him in or ineffective as Trump practically run all the counter measures down.

1. You reap what you sow is the right concept - under the Universal Law of Karma.

2. Forgiving sin or crime - will breed impunity and cause untold damage to the world. It is a wrong and very dangerous concept.

Hence no blind faith and developing Critical Thinking is so vital.

====

1. That's why important to vote in leaders and lawmakers with good character minus character flaw.

Else he/she will act with impunity given the power by voters, act on his flaw instincts, fuel by his/her character flaws.

2. Voters who are focus at political angles, who are willing to overlook candidates with character flaws - will eventually backfire when candidates with flaw character come into power and unleash their inherent flaw personalities breaking laws, constitution and launch mafia like actions - bringing untold harm to society and the world.

====

@AABBCC:Double standards in parliament!!! Why no action against LHL??? What about TCJ ?? No action also !!

@Babe:SM Lee didn't make public Tan Chuan Jin and another MP affairs is because:-

1. He reprimanded both of them in private and demand they stop their affairs and give them opportunity to stop their wrong doing.

2. He want to give both of them space to repair their hurts to their family members by not making the affairs public so that their families can heal with less pain.

3. Private affairs are not crimes and does not affect their work.

4. SM Lee after giving them chances to make amend and right their wrongful deed discover they quietly resume the affair - then decided to make public the affairs and told them to step down.

5. SM Lee did not lie or attempt to hide wrongdoings. In fact, he provides opportunities for them to stop wrong and put things right.

5. But the moment SM Lee discover both didn't attempt to stop, he immediately make the affairs public. Even though private affairs are not crimes, he decided to asked both to step down.

====