Category Archives: National Reserves

2020 Unity Budget – my 34 suggestions. Total Assets of Singapore as at 31st March 2019 were S$1174b. 2020 Resilience Budget. 2020 Solidarity Budget.

Posted on January 17, 2020 by tankoktim

2020 Budget Speech by MOF Heng in Parliament on 18th Feb 2020  [see copy below]: 2020 Budget has S$109 billion spending in total.   It is called Unity Budget 2020 due to the COVID-19 pandemic. The 2020 Budget has a … Continue reading →

Posted in Budgets 2018, etc., Business & Finance, Cost of Living & Retirement Adequacy, CPF, Government, Govt's Budget, GST, GST Rebates, National Reserves, Politics, Social issues, Socialistic Policies, Taxation | Tagged | 1 Comment

Budget 2018 and the future…going forward

Posted on March 24, 2018 by tankoktim

Budget 2018 and the future, going forward. What will give way? What will exhaust first between taxation and national reserves in a fast declining population, and a fast aging workforce? Can both continue indefinitely? ——— The proposed 2% point GST … Continue reading →

Posted in Budgets 2018, etc., Government, Govt's Budget, National Reserves, Politics, Taxation | Tagged , , | Leave a comment

National Reserves S$1.73 trillions as at 31st March 2023; – Cap it at 3 or 5 times of GDP? Should NR have a limit? NIRC from National Reserves – how it benefits Singaporeans? PM Lee Hsien Loong released the NR figures for the first time in Parliament on 27th Jan 2016;

Posted on March 5, 2018 by tankoktim

======== . S$1.7 trillions.It is official.S$1 trillion is outdated. National Reserves or Total Govt Assets as at 31st March 2019: S$1.174 trillions. It was S$1.732 trillions as at 31st March 2023. Grown by S$0.56 trillions in four years. [Source: MOF’s … Continue reading →

Posted in Budgets 2018, etc., Business & Finance, Cost of Living & Retirement Adequacy, Economy; Perfect Economic Storm? When?, Elected President - roles, powers and responsibilities; The 2nd Key; EP: the proposed changes;, Government, Govt's Budget, Inflation and Rising cost of living, Inward investments and incentives; overseas Investments - should more be invested overseas or locally by Sovereign Wealth Fund? Maintain stable supply chains and security?, Medical & Health, Nation Building, National Reserves, Socialistic Policies | Tagged , , | 2 Comments

‘Millionaire’ Singaporeans; how to be the No. 1 Hub: to attract 10,000 world richest billionaires to red dot? Pandora Papers – tax evasion; Investing or speculating on the stock exchange; The rich and poor Singaporeans – who can afford what? Who can plan their retirement to live comfortably with no financial anxiety? How many Singaporeans have S$30,000 net cash in their bank accounts? Financial advisers – are they themselves multi billionaires/millionaires?

Posted on May 30, 2017 by tankoktim

======= . Be the next Hub: How to attract and encourage some 10,000 world richest multi-billionaires [not millionaires] to bring their wealth and take up residence in Singapore? Can we aim for the next Hub: A Billionaire Hub? What can … Continue reading →

Posted in Business & Finance, Cost of Living & Retirement Adequacy, CPF, Economy; Perfect Economic Storm? When?, Food & Drinks; hawker centres; foodcourts;, Government, HDB Public Housing; affordability; EIP policy; and resale prices;, Nation Building, National Day Rally - new policies and strategies, National Reserves, Politics, Population, Properties, Security, Social issues, Socialistic Policies, Taxation | Tagged , | Leave a comment

Singapore External Debts; External debt of US$1.766 trillion? True or untrue?

Posted on April 19, 2017 by tankoktim

  ========= .     Date: 20 Nov 2016 ASK ST: WHY DOES SINGAPORE HAVE AN EXTERNAL DEBT OF US$1.766 TRILLION? Media: The Straits Times by Goh Eng Yeow  engyeow@sph.com.sgSenior Correspondent   Reader Lam Peck Heng wrote in to askST … Continue reading →

Posted in Business & Finance, Inward investments and incentives; overseas Investments - should more be invested overseas or locally by Sovereign Wealth Fund? Maintain stable supply chains and security?, National Reserves | Tagged , | Leave a comment

GIC and Dr Goh Keng Swee

Posted on May 20, 2016 by tankoktim

An e-book, “Safeguarding The Future – The Story Of How Singapore Has Managed Its Reserves And The Founding Of GIC” written by GIC’s former economics & strategy department director Freddy Orchard, and launched last Friday, 14th May 2016. The e-book is … Continue reading →

Posted in Government, International Politics, Super Power Politics; Trade and Tariffs Friction;, Lee Kuan Yew's Legacy [His life 1923-2015], National Reserves, Politics, Singapore in 1960s | Tagged , , , , , , , | Leave a comment

Our National Reserves disclosed in Parliament by PM LHL on 27Jan2016….total S$613 billion in 2015. Updated figures: Temasek Holdings S$308 billion as at 31Mar2018; Total Govt Assets as at 31st March 2019: S$1174b [please see the 2020 Budget].

Posted on February 12, 2016 by tankoktim

============ . Singapore’s GIC set to manage extra S$185b in reserves THU, JAN 13, 2022 – 4:04 PM  UPDATED THU, JAN 13, 2022 – 6:37 PM in businesstimes.com.sg Singapore’s sovereign wealth fund GIC is poised to get a massive influx … Continue reading →

Posted in Budgets 2018, etc., Business & Finance, Cost of Living & Retirement Adequacy, CPF, Government, Govt's Budget, Inward investments and incentives; overseas Investments - should more be invested overseas or locally by Sovereign Wealth Fund? Maintain stable supply chains and security?, Nation Building, National Reserves, Politics, Social issues, Socialistic Policies | Tagged , , , | 1 Comment

Perfect economic storm; Economy must be ready for next ‘perfect storm’; Vital to prepare for a post-oil economy; E-commerce, the threats to brick-and-mortar businesses? How should Singapore remain competitive when more countries become 100% users of green and clean energy in a digital age? Britain wants to make Brexit UK become the Singapore of Europe; Singapore’s HDB public housing should be given UNESCO’s recognition;

Posted on September 26, 2015 by tankoktim

. ==== . Confronting a perfect long storm The world must face up to the gravity of the challenges it faces and organise itself more effectively to address them. Tharman Shanmugaratnam (From left) Ukrainian soldiers running for cover, horse and … Continue reading →

Posted in Budgets 2018, etc., Business & Finance, Cost of Living & Retirement Adequacy, Economy; Perfect Economic Storm? When?, GE2020 on 10th July 2020; and one year later;, Government, Lee Kuan Yew's Legacy [His life 1923-2015], National Reserves, Past General Elections, Politics, Productivity, Social issues, Socialistic Policies | Tagged , , , | 5 Comments

National Reserves and the sale of state land; Future generations – how much National Reserves do they need?

Posted on June 13, 2015 by tankoktim

=========== . In 2003 I wrote: Future generations have to stand up, work hard, build on the infrastructures that they inherited and maintain them well like we do today for the next generation. It is the gumption, the moral ballast … Continue reading →

Posted in Cost of Living & Retirement Adequacy, CPF, Government, Lee Kuan Yew's Legacy [His life 1923-2015], National Reserves, Politics, Population, Productivity, Social issues, Socialistic Policies, Taxation, The Govt listened and implemented my ideas and feedback | Tagged | 4 Comments

Good governance? What is the present total value of Singapore, total worth? How many trillions? Be PM of Singapore is a thankless job; Governing Singapore after Lee Kuan Yew; His legacy? Will red dot have another LKY? Or, will red dot go for a populist and westernised govt? What are the lessons from the one-term US’s 46th POTUS presidential election for Singapore?

Posted on May 2, 2015 by tankoktim

What is the late LKY’s legacy?   Is it still relevant to present-day Singapore and the world? [please see below the article: “In post-Lee Kuan Yew world, is his strategic vision still relevant?”  by Han Fook Kwang, Editor-at-Large on April … Continue reading →

Posted in Business & Finance, Corruption, Cost of Living & Retirement Adequacy, COVID-19 coronavirus Pandemic in 2020, Economy; Perfect Economic Storm? When?, Government, Govt's Budget, HDB Public Housing; affordability; EIP policy; and resale prices;, Inflation and Rising cost of living, Inward investments and incentives; overseas Investments - should more be invested overseas or locally by Sovereign Wealth Fund? Maintain stable supply chains and security?, Lee Kuan Yew's Legacy [His life 1923-2015], Nation Building, National Reserves, Politics, Social issues, Socialistic Policies | Tagged , , , , , | 1 Comment

Is Singapore’s future in our hands? Will the Civil Service last? Appointments: new permanent secretaries in government ministries; Minister-mandarin relationship; The Last Fools: The Eight Immortals of Lee Kuan Yew;

Posted on April 28, 2015 by tankoktim

============== . Public Service Division announces permanent secretary appointments from Jan 1, 2024. Managing director and chief operating officer at Enterprise Singapore, Jeffrey Siow; Permanent Secretary of the Ministry of Culture, Community and Youth, Tan Gee Keow and Permanent Secretary … Continue reading →

Posted in Government, Lee Kuan Yew's Legacy [His life 1923-2015], Nation Building, National Reserves, Politics, Social issues, Socialistic Policies, Total Defence | Tagged | 1 Comment

Retirement adequacy – a long-term concern? How to top-up CPF for Gig workers/the 20% lower-income groups? Will the Govt have the political will to have policies that stand in good stead for us to be an inclusive society? How to have socialist policies for the sake of Singaporeans’ well-being; All about money; More should be done when we are hit by an economic storm;

Posted on March 16, 2015 by tankoktim

========== . Retirement adequacy for the poor [the 250,000 or the 25% at the base of our society] must be one of the top social issues to be discussed and addressed. How it should be addressed and why? What are … Continue reading →

Posted in Budget 2015 - new policies?, Cost of Living & Retirement Adequacy, CPF, Economy; Perfect Economic Storm? When?, GE2020 on 10th July 2020; and one year later;, Government, Govt's Budget, GST, HDB Public Housing; affordability; EIP policy; and resale prices;, Inflation and Rising cost of living, Medical & Health, MediShield Life mandatory medical insurance, Minimum Wage; PWM and WIS in Singapore's wage policies, MRT, National Day Rally - new policies and strategies, National Reserves, PG and CHAS, Politics, Silver Support Scheme, Social issues, Socialistic Policies, The Govt listened and implemented my ideas and feedback, Transport, Workfare income supplement; Progressive Wage Model | Tagged , , , | 2 Comments

50-year public infrastructures: To pay construction by taxation, loans or bonds? Should there be sinking funds for public infrastructures to pay for renovation and upgrading? Development economists to advise, should the people pay for the cost of state land owned by the Govt for the benefit of the people? Impact on rising prices of HDB public housing prices [due to cost of town centres, hawker centres, multi-storey carparks, not benefiting the poor; the schools, universities, hospitals, polyclinics, all on State Land;

Posted on January 20, 2015 by tankoktim

What is the root cause of rising cost of living?…It is rental. Should cost of State Land be viewed holistically? It is a subject for the learned economists and in particular those who wrote PhD thesis on development economics.  Let … Continue reading →

Posted in Business & Finance, CareShield Life insurance - permanent disabilities, Cost of Living & Retirement Adequacy, Government, HDB Public Housing; affordability; EIP policy; and resale prices;, Medical & Health, MediShield Life mandatory medical insurance, National Reserves, Politics, Productivity, Properties, Social issues, Socialistic Policies, State Land | Tagged , , , | Leave a comment

Temasek does not invest or manage CPF savings; CEO Ho Ching retiring; new CEO Mr Dilhan Pillay will succeed her on 1st Oct 2021; the roles of MAS and GIC in managing SinGov’s reserves; Temasek Trust – new Chairman;

Posted on June 4, 2014 by tankoktim

  ====== . CEO to Chairman… TH to Temasek Trust…. . ============== . Retiring Temasek CEO Ho Ching to join Temasek Trust board, take over as chairman from April 1, 2022 Ms Ho Ching will be appointed to Temasek Trust’s … Continue reading →

Posted in Business & Finance, CPF, Government, Inward investments and incentives; overseas Investments - should more be invested overseas or locally by Sovereign Wealth Fund? Maintain stable supply chains and security?, National Reserves, Politics, Social issues, Socialistic Policies | Tagged , , | Leave a comment

Less scholarships and more bursaries – give it to who and how? Educate all to highest potential; Give more bursaries to the average students from poor families; Educating human beings: is it for them to lose their soul but gain the whole world? And some educated, end up in court and behind bars; What is Complete Whole Person Education? What is incomplete education? Early academic gaps, different starting points; Private education industry; and private tuition;

Posted on September 18, 2013 by tankoktim

========= . Scholarships and bursaries… how to give more not less and to who? What is the solution for giving both to those who need it most? Sharing: https://tankoktim.wordpress.com/2013/09/18/scholarships-for-the-kids-from-poor-and-rich-families/ ========== . Prof. Tommy Koh on his Facebook on 8 Dec … Continue reading →

Posted in Corruption, Education; What is Complete Whole Person Education?, Fate, Destiny, Accidents & Coincidence, Government, Inflation and Rising cost of living, Nation Building, National Reserves, Politics, Social issues, Socialistic Policies, Total Defence | Tagged , , , , | Leave a comment

National Reserves of Singapore – Is the sky the limit? NIRC from National Reserves are transferred for spending in the National Annual Budgets;

Posted on June 2, 2010 by tankoktim

============== . National Reserves and the use of the NIRC in the 2022 Budget. How long can the NR last if this pandemic madness due to the ego and greed of mankind continue for 400 days, or 4000 days, or … Continue reading →

Posted in Cost of Living & Retirement Adequacy, Government, Govt's Budget, National Reserves, Politics, Population, Social issues, Socialistic Policies | Tagged , , | Leave a comment