28-08-2023, 02:33 PM
(28-08-2023, 02:31 PM)moonrab Wrote: Now waiting for the other dog to bite back. He claimed to have all genius solutions for Singapore issues.
Now must prove to KS why he need to publicly reveal Singapore reserve.
What are the reserves?
"The reserves are the Government's total assets (everything it owns) minus liabilities (the things that the Government has to spend on).
The things that the Government owns include physical assets (land and buildings) and financial assets (cash, securities and bonds) that belong to the Government, key Statutory Boards (CPF, HDB, JTC, MAS), and Government-linked companies (Temasek, GIC).
These key Statutory Boards and Government-linked companies are known collectively as Fifth Schedule entities, because they are listed in the Constitution under the Fifth Schedule."
Buy popcorn 🍿 and wait for rebuke.
Kaciam puteh also can lah!
