Understanding Singapore's Reserves, with Leong Mun Wai - Printable Version
+- SG Talk (https://sgtalk.net)
+-- Forum: SG Talk (https://sgtalk.net/Forum-SG-Talk)
+--- Forum: Market Talk (https://sgtalk.net/Forum-Market-Talk)
+--- Thread: Understanding Singapore's Reserves, with Leong Mun Wai (/Thread-Understanding-Singapore-s-Reserves-with-Leong-Mun-Wai)
+- SG Talk (https://sgtalk.net)
+-- Forum: SG Talk (https://sgtalk.net/Forum-SG-Talk)
+--- Forum: Market Talk (https://sgtalk.net/Forum-Market-Talk)
+--- Thread: Understanding Singapore's Reserves, with Leong Mun Wai (/Thread-Understanding-Singapore-s-Reserves-with-Leong-Mun-Wai)
Understanding Singapore's Reserves, with Leong Mun Wai - [[ForeverAlone]] - 16-05-2022
https://www.youtube.com/watch?v=Y8GonTRs308
RE: Understanding Singapore's Reserves, with Leong Mun Wai - [[ForeverAlone]] - 16-05-2022
Honestly speaking, when back to the days when Ong OUR President question in the Parliament about our reserves, and been brush off claim " need LOTS of manpower, resources to check ?? " i already give up , NO BODY actually know how much our Reserves.
EVEN A president? who got the key approve cannot know??
don't mention financial minister Heng, Lawrence W these people know
https://en.wikipedia.org/wiki/Ong_Teng_Cheong
" However, soon after his election to the presidency in 1993, Ong was tangled in a dispute over the access of information regarding Singapore's financial reserves. The government said it would take 56-man-years to produce a dollar-and-cents value of the immovable assets. Ong discussed this with the accountant general and the auditor general and eventually conceded that the government could easily declare all of its properties, a list that took a few months to produce. Even then, the list was not complete; it took the government a total of three years to produce the information that Ong requested "
another
" In the last year of his presidency (1998) Ong found out, through the newspapers, that the government aimed to submit a bill to Parliament to sell the Post Office Savings Bank (POSB) to the Development Bank of Singapore. The POSB was a government statutory board whose reserves were under the president's protection; the move according to Ong, was procedurally inappropriate and did not regard Ong's significance as the guardian of the reserves; he had to call and inform the government of this oversight. Still, the sale proceeded, and the Development Bank of Singapore still owns POSBank "
RE: Understanding Singapore's Reserves, with Leong Mun Wai - Symmetry - 16-05-2022
The best way to know how much national reserves we have is to replace PaP.
RE: Understanding Singapore's Reserves, with Leong Mun Wai - [[ForeverAlone]] - 16-05-2022
(16-05-2022, 05:47 PM)Symmetry Wrote: The best way to know how much national reserves we have is to replace PaP.
Do you feel there are " tons of worms been dig out? "