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01-11-2012, 08:10 AM | #11 |
Arofanatic
Join Date: Oct 2005
Posts: 120
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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? |
01-11-2012, 08:50 AM | #12 | |
Arofanatic
Join Date: Oct 2005
Posts: 120
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Quote:
other article http://mostlyeconomics.wordpress.com...sis-in-making/ |
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01-11-2012, 04:51 PM | #13 | ||
Dragon
Join Date: Nov 2007
Posts: 1,446
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Quote:
Quote:
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. |
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01-11-2012, 10:26 PM | #14 |
Guest
Posts: n/a
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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...
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