Where the $$$ come from?
GIC to manage extra 137bil in reserve
14-01-2022, 02:59 AM
So much $$$
Where the $$$ come from?
Where the $$$ come from?
14-01-2022, 03:02 AM
15-01-2022, 04:08 PM
15-01-2022, 08:24 PM
(13-01-2022, 10:01 AM)Scythian Wrote: CPF savings = > MAS. = > GICParliament on Tuesday passed a bill allowing the Monetary Authority of Singapore to buy a new type of non-marketable security issued by the government, known as Reserves Management Government Securities.
The new mechanism will be used to bring down the level of foreign reserves held by the central bank — currently about S$566 billion (US$419 billion) — to a rate equal to 65% to 75% of gross domestic product. The rest would be run by GIC.
16-01-2022, 12:22 AM
There is no right or wrong decisions.
One only has to bear the consequences that one makes
16-01-2022, 10:16 AM
(13-01-2022, 12:44 PM)sgbuffett Wrote: If they are having so much money it is inefficient to hold why isn't it given out to poor Singaporeans and those who lost their jobs?
Why tax us in the first place?
The poor pays the same % GST as the rich
Tampines & West Coast GRCs are there for the taking
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