Arofanatics Fish Talk Forums  

Go Back   Arofanatics Fish Talk Forums > The Guildhouse > Chatterbox > Singapore Politics

Reply
 
Thread Tools Display Modes
Old 01-11-2012, 08:10 AM   #11
richardg
Arofanatic
 
richardg's Avatar
 
Join Date: Oct 2005
Posts: 120
Default

Quote:
Originally Posted by globalcookie View Post
Recently, CPF raised its debt ceiling. ....
where did you get this from? issit MOF or CPF, a world of difference.

take a look at this thread

http://www.arofanatics.com/forums/sh...light=bond+cpf

afaik, CPF needs to invest CPF funds, so CPF loans to MOF, MOF issues the bond ( National Debt ) iow, borrows from CPF, so nothing to be concerned about?

supposedly all the monies are being invested.. but by MOF? where?
why not CFP invest directly?
richardg is offline   Reply With Quote
Old 01-11-2012, 08:50 AM   #12
richardg
Arofanatic
 
richardg's Avatar
 
Join Date: Oct 2005
Posts: 120
Default

Quote:
Originally Posted by richardg View Post
...

supposedly all the monies are being invested.. but by MOF? where?
why not CFP invest directly?
used to finance HDB http://thescarletibis.org/

other article http://mostlyeconomics.wordpress.com...sis-in-making/
richardg is offline   Reply With Quote
Old 01-11-2012, 04:51 PM   #13
globalcookie
Dragon
 
globalcookie's Avatar
 
Join Date: Nov 2007
Posts: 1,446
Default

Quote:
Originally Posted by richardg View Post
where did you get this from? issit MOF or CPF, a world of difference.
...
afaik, CPF needs to invest CPF funds, so CPF loans to MOF, MOF issues the bond ( National Debt ) iow, borrows from CPF, so nothing to be concerned about?

supposedly all the monies are being invested.. but by MOF? where?
why not CFP invest directly?
I remb hearing it on radio (quite recent) or the sorts and it was unclear. From the other thread you provided,
Quote:
Minister of State for Finance Josephine Teo said 80 per cent of the increase will be issued to the Central Provident Fund to meet its investment needs.

The remaining 20 per cent will go to the Monetary Authority of Singapore, for the issuance of Singapore government securities in line with the growth of financial markets, and to enhance the efficiency and liquidity of Singapore debt markets.
I don't know if the raise in debt ceiling refers to this 80%.

Also, the 'coffeeshop talk' abt Singapore being in debt, got me puzzled. A country with a huge reserve in the 90s, but the rumours of being in debt in recent years, got me wondering if those rumours has any truce in it.

I understand that CPF board does not do their own investment but they loan out the CPF funds to various institutions and earns interest on the loans.

Who CPF loan to, is a question. Given the low interest rate on home loans (banks), it makes me wonder if the banks does borrow from CPF. Or if CPF loans to government ministries and stat boards only.

Purpose of this thread is for anyone with info, to provide some insight for all of us. I'm not versed in finance nor good with research. But rather than let speculative thoughts lead me wrongly, a sharing thread can help me get more insight.

Last edited by globalcookie; 01-11-2012 at 04:53 PM.
globalcookie is offline   Reply With Quote
Old 01-11-2012, 10:26 PM   #14
kennethswc
Guest
 
Posts: n/a
Default

Yeh just work till u died money all give to your government.... they help u arrange funeral..take a wear and tear cloth roll u up and send u to heaven for all your sacrifices and contribution u make to your beloved country...
  Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump


All times are GMT +9. The time now is 11:36 PM.


Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2024, vBulletin Solutions, Inc.
Copyright © 2000-2008 Arofanatics.com (Since 30th August 2000)