Is Ng EH telling half truth again -CPF eventual 4% return?
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If HDB makes secret profits by the billions which it keeps quiet about and turns such profits over to the consolidate fund and then buys back the lands at market price thereby incurring book losses which it then claims as housing subsidy (S$900 plus million per year as revealed in PMÂ’s Lee National Day Rally speech), then how do people trust the honesty and integrity of government in its future statements and other information about subsidy or surpluses any more?
Minister Ng Eng Hen has given similar untruths about unemployment figures to parliament not willing to disclose his basis or definition of unemployment in his statistics but he went on to claim success with job creations.
What people are more interested to know is whether he has admitted too many foreigners to come in and take over citizensÂ’ mundane jobs thereby hyping up figures of new jobs created lowering the unemployment counts.
When he earlier claimed Singapore needs to have reserves and surpluses in order to attract foreign investment without answering question like how much reserves are enough reserves again he was short on truth and specifics.
Is he now again telling the same half truth - on what basis he could not reveal to citizens that CPF can indeed outperform the projected 4% returns eventually?
Do we need this kind of ministerial talents to run modern-day globalised economy? -
when will it be restored back to 20-20% again
