第一部份:《新加坡政府必须透明化他们如何使用我们的公积金的十件事》

(PART 1) 10 Things The Government Has To Be Transparent About How They Use Singaporeans’ CPF

分享这篇文章,使用此链接。 To share the article, use this link: http://t.co/SfMVM2drOC

在这个月较早的时候,政府终于承认了他们投资在新加坡政府投资有限公司(以下简称‘GIC’)了。这是人力部部长陈川仁在FACENBOOK社交网友上与大家分享有关‘公积金投资在哪儿’

Earlier this month, the government finally acknowledged that Singaporeans’ CPF is invested in the GIC. Manpower Minister Tan Chuan-Jin shared on his Facebook where the CPF is invested in.

CPF How It Works cropped

示图1:商业时报——公积金是如何运作的

Chart 1: The Business Times – CPF: How it works

无论如何,政府透露的这个信息在过去是不存在的——过去政府是不承认这个信息的。与此同时,这是与政府告诉我们过去他们怎样使用公积金是有差异的。在这(一和二部份)文章里,我们将重点说明这些差异在哪些地方,同时,探讨政府在哪些范围里的事项必须向新加坡人民展现他们如何使用我们公积金的透明化。

However, this information wasn’t previously available – the government had previously not acknowledged this information. Also, there are discrepancies in what the government had told us about our they have been using our CPF. In this two-part article, we highlight what these discrepancies are, and discuss the areas where the government needs to be transparent to Singaporeans on how they use our CPF.

(一)GIC是否知道是在使用我们的公积金进行投资?

(1) Does the GIC Know that They Invest Our CPF or Not?

现在我们已经知道我们的公积金是投资在GIC了。让我们看看GIC说明他们是如何使用我们的公积金的。

Now that we know that our CPF is invested in the GIC, let’s take a look at what the GIC says about this.

您知道吗?在上个月(即6月份)较迟时间时GIC是咋说的?GIC过去说:‘GIC管理政府的储备金,但是,储备金如何从公积金流入国家储备金?后来由金融管理局、或者GIC或者是淡马锡控股负责管理。政府并没有明确的告诉我们。’

Do you know that as late as last month, the GIC had previously said that, “GIC manages the Government’s reserves, but as to how the funds from CPF monies flow into reserves which could then be managed by either MAS, GIC or Temasek, this is not made explicit to us.”

photo 2 (17)

示图二:GIC的一般问题与答案

Chart 2: GIC FAQ Popular

就是到上个月GIC还坚持声明,他们并不知道。假设他们是在管理着我们的公积金,那是因为政府并没有‘明确’的告诉他们。

Thus up until last month, the GIC had stated that they do not know if they manage our CPF because this is not “made explicit” to them.

然而,就在这个月GIC在他们的网站更改了这个信息。以下是他们已经使用新的信息替代的内容:

However, this month, the GIC changed this information on their website. Below is what they have replaced the information with:

GIC和金融管理局共同管理发行新加坡政府特别债券(简称‘SSGS’)。这个SSGS是由新加坡政府负责发行和担保的。这个债券是公积金局动用公积金的资金投资的。这样一来,尽管公积金局没有把公积金的资金直接转入到GIC的管理笼子里,其中的一个资金来源是进入政府资产管理的笼子。这个资产管理的笼子是由GIC负责管理发行的SSGS债券。

GIC, along with MAS, manages the proceeds from the Special Singapore Government Securities (SSGS) that are issued and guaranteed by the government which CPF board has invested in with the CPF monies. So while the CPF monies are not directly transferred to GIC for management, one of the sources of funds that goes into the Government’s assets managed by GIC is the proceeds from SSGS.

FAQs

示图3:GIC的一般问题与答案

Chart 3: GIC FAQ Popular

因此,紧接着本月份,政府终于承认了这个事实。(见示图一)GIC现在也终于承认他们是使用我们的公积金进行投资。

Thus coupled with what the government had finally acknowledged this month (in Chart 1), the GIC has now also finally acknowledged that they do use our CPF for their investment.

接下来的问题是:

Then the question is:

  • 为什么政府截至今年5月份仍然拒绝承认我们的公积金是投资在GIC?但是在几个星期前他们突然承认我们的公积金是投资在GIC
  • why is it that up until May this year, the government had refused to acknowledge that our CPF is invested in the GIC but they then suddenly did an about turn a few weeks ago?

与此同时,

Also,

  • 为什么政府过去拒绝承认他们是使用我们的公积金进行投资?为什么在最近几个星期前他们承认了呢?
  • why has the GIC previously refused to admit that they are using our CPF to invest and only finally admitted a few weeks ago that they do?

为什么GIC突然改变他们的立场?

Why did the GIC suddenly change its stance?

要求透明化管理的诉求:

Demand for Transparency:

为什么政府和GIC过去拒绝承认他们动用我们的公积金投资在GIC?为什么他们突然间要大转弯在这个月最终承认他们是动用我们的公积金投资在GIC

Why did the government and the GIC previously refuse to admit that they use our CPF to invest in the GIC but suddenly did an about turn and finally admitted this month that they do use our CPF to invest in the GIC?

(二)新加坡共和国总理和部长同时担任GIC的董事会董事是否涉及利益冲突关系?

(2) Should the Singapore Prime Minister and Ministers Also Be on the Board of Directors of the GIC When There is A Conflict of Interest?

只要进一步把他们承认的这些事实凑合在一块儿,您就会明白下一个信息。您是否知道是那些人在GIC董事部担任董事吗?

But this admission is further compounded when you realise the next piece of information. Do you know who is on the Board of Directors of the GIC?

GIC董事会主席是李显龙。其他的董事会成员包括了两位副总理,善达曼和张志贤、教育部长王瑞杰和贸工部长林勋强。李光耀是担任高级顾问。

The Chairman of the GIC is actually the Prime Minister Lee Hsien Loong and the other members are the two deputy prime ministers Tharman Shanmugaratnam and Teo Chee Hean, the Minister for Education Heng Swee Keat and the Minister for Trade & Industry Lim Hng Kiang. Lee Kuan Yew is also the Senior Advisor.

Board of Directors

试图四:GIC董事部董事

Chart 4: GIC Board of Directors

这样的董事会背景下,上述的信息就更加令人感兴趣

With this as a backdrop, the above information thus becomes even more interesting.

  1. 一、假设政府和新加坡总理是在GIC董事会,那么,GIC是否可以说,他们不知道是动用了我们的公积金资金进行投资?First, if the government, and the Singapore prime minister no less, is on the Board of Directors of the GIC, then can the GIC not know that they are using our CPF to invest?
  2. 二、假设GIC是知道他们是在动用我们的公积金资金进行投资,为什么之前GIC告诉我们不知道是动用了我们的公积金资金?And if the GIC would know that they are using our CPF to invest, then why did they tell us previously that they do not know?
  3. 三、假设和政府知道是动用了我们的公积金资金投资在GIC,为什么之前拒绝承认这个事实呢?If the government knows that they are using our CPF to invest in the GIC, why did the government not admit to this information previously?
  4. 四、为什么政府和GIC在几个星期前才承认他们是动用了我们的公积金资金投资在GIC呢?Why did the government/GIC only admit to this information a few weeks ago that they are using our CPF to invest in the GIC?

与此同时,您是否知道,GIC辩解说,GIC在进行投资决定时,财政部是代表新加坡政府,不论是直接或干预有关GIC的投资决定事务的。财政部是承担董事会全面的业绩表现的责任的”。

Also, do you know that the GIC claims that, “The Government, which is represented by the Ministry of Finance in its dealings with GIC, neither directs nor interferes in the company’s investment decisions. It holds the board accountable for the overall portfolio performance.”

FAQs (2)

图示五:GIC的一般问题与答案

Chart 5: GIC FAQ Popular

事实上,政府也一再强调说,“政府在个别的投资项目上并没有扮演决策的角色。这些个别投资项目的决策者是GIC、金融管理局和淡马锡控股。那些在GIC和金融管理局董事会是包括了部长的。这些投资项目的决策是由他们的管理团队各自负责的。”

In fact, this is also reiterated by the government, which says that, “The Government plays no role in decisions on individual investments that are made by GIC, MAS and Temasek. At the GIC and MAS, whose boards include Ministers, these investment decisions are entirely the responsibility of their respective management teams.”

Ministry of Finance - Section I  What comprises the reserves and who manages them

示图六:新加坡财政部——第一部分:国家储备金由哪些部分组成?谁负责管理国家储备金?

Chart 6: The Minister of Finance Singapore – Section I: What comprises the reserves and who manages them?

同样的问题。当新加坡总理仍然是GIC董事会的董事时,新加坡政府可能不直接参与或干预GIC的运作?

Again, can it be possible that the government does not direct or interfere in the GIC when the government, again the Singapore prime minister no less, is on the Board of Directors of the GIC?

根据菲利普洪先生(Phillip Ang)说,“在政府的主导下,GIC扮演的并不是主要的角色。事实上,它是由公积金的资金支撑起来的。它就是一个空壳和不用承担任何后果的!早在2007年,公积金会员的存款结余是1370亿。一个精明的基金经理是不会把总资金的10%投入单一的投资项目。GIC是完全没有后果的。董事会承担全部的责任。”

According to Phillip Ang, “GIC’s performance is not as stellar as made out to be by the government. In fact, it appears to be punting with CPF monies and has been simplistic and even reckless! … In 2007, total CPF members’ balance was $137 billion. A prudent fund manager would not have sunk 10% of total funds into a single investment. GIC was totally reckless. The board of directors should have been held accountable.”

菲利普洪先生(Phillip Ang)在他文章里也讨论到GIC投资失利的问题。他说,‘公积金会员现在是为GIC的投资失利付出代价。’

Phillip Ang also discussed GIC’s investment failures in his article and said that, “CPF members are now paying the price for GIC’s failure.”

因此:

Thus:

  1. 一、假设新加坡政府同时也是GIC。那么,政府的首要任务就是照顾新加坡人民的公积金,或者是通过GIC的投资为公积金赚取利润。If the government is also the GIC, then is the government’s priorities taking care of Singaporeans’ CPF, or earning via the GIC?
  2. 二、同样的,假设新加坡政府同时也是GIC。当GIC使用新加坡人的公积金进行投资的项目失败的时候,谁要负责应向GIC追究责任?当新加坡政府就是GIC,特别是当新加坡总理本身就是GIC的主席的情况下?新加坡总理本身是否需要承担这个责任?Also, if the government is also the GIC and when the GIC makes investment failures with Singaporeans’ CPF, who will hold the GIC accountable? Can the government hold the GIC accountable when the government is the GIC, and especially when the Singapore prime minister is the GIC Chairman? Can the Singapore Prime Minister hold himself accountable?
  3. 三、假设政府就是GIC,那么,这会不会存在利益上的冲突呢?If the government is the GIC, then isn’t there a conflict of interest?

或许,在这许多的问题当中更重要的是:

Perhaps the most important question of all is this –

政府的部长们从纳税人领取了数百万的薪金外,那些同时是GIC董事会成员的部长们也是否从公积金哪里领取薪金?

other than earning millions in salaries as the government from Singaporeans’ taxpayers’ money, how much are the ministers who are also on the GIC’s Board of Directors also earning in salaries from Singaporeans’ CPF?

新加坡人民是否知道我们的公积金局支付给这些部长们的薪金是多少?

Have Singaporeans ever been told how much of our CPF is used to pay them?

这么一来,政府可能会辩解说,“将确保每一个实体都有胜任的董事会在监管着和同时确保他们进行的投资是遵照董事会的授权的。”

so, the government might claim that it “ensures that each of these entities has a competent board to oversee the management and seek to ensure that their respective mandates are met“.

问题是:如何决定胜任?是不是这些部长都经过培训达到胜任的素质?

But how is the competency decided? Are these ministers trained in their competencies?

要求透明化的诉求:

Demand for Transparency:

为什么政府让自己成为GIC董事会的成员?

Why did the government make themselves the Board of Directors on the GIC?

这些担任GIC董事会成员的部长是否有足够的资质担任资金经理?

Are the ministers on the Board of Directors qualified fund managers?

GIC的投资失败时,谁来负责追究GIC的责任?

When losses are made by the GIC, who holds the GIC accountable

谁来采取防范措施避免在未来的投资不会再重犯错误?

puts in measures to prevent future investment failures?

那些在GIC董事会担任董事的部长领取多少董事金?

How much are the ministers on the Board of Directors paid?

显然,这是一个非常明显的利益冲突的。这种安排政府与GIC之间的关系已经存在了几十年。这种利益冲突说明了政府缺乏负责任,特别是在GIC管理新加坡人的公积金的责任方面。

Since there is a clear conflict of interest and this arrangement between the government and GIC has existed for decades, has this conflict of interest shown a lack of responsibility on the government, as well as the GIC’s part, to manage Singaporeans’ CPF responsibly?

(三)淡马锡控股使用了我们的公积金进行投资已经多久了?淡马锡控股是什么时候停止使用我们的公积金进行投资的?

(3) How Long Was the Temasek Holdings Using Our CPF to Invest and When Did the Temasek Holdings Stop Using Our CPF to Invest?

上个星期,淡马锡控股在写给海峡时报的信中说,“淡马锡控股并没有投资或者管理公积金会员的存款。”

Last week, Temasek Holdings also wrote to The Straits Times to say that, “Temasek does not invest or manage the savings of CPF members.”

Temasek doesn't invest or manage CPF savings

示图七:海峡时报言论版来信——淡马锡控股并没有投资或者管理公积金的存款。

Chart 7: The Straits Times Forum Letters – Temasek doesn’t invest or manage CPF savings

然而,在《国家发展:关联、冗余或重新组合Development States: Relevancy, Redundancy Or Reconfiguration》这本书这么写道:“从1970 年代末,公积金储备已经是公共盈余的一部份。这笔资金已经被淡马锡控股在国内或者G在国外和其他投资混合起来使用进行投资了。”

However, thebook, Development States: Relevancy, Redundancy Or Reconfiguration, it was written that “since the late 1970s, CPF’s reserves as part of public sector surplus have been co-mingled with other investments either domestically by Temasek Holding Ltd or abroad by the GIC”.

Developmental States  Relevancy, Redundancy Or Reconfiguration  - Google Books

示图八:《国家发展:关联、冗余或重新组合Development States: Relevancy, Redundancy Or Reconfiguration,》?

Chart 8: Developmental States: Relevancy, Redundancy Or Reconfiguration?

这就是说,在过去的一段时间新加坡人的公积金是投资在淡马锡控股。

This means that Singaporeans’ CPF was at one time invested in the Temasek Holdings.

假设是如此:

If so:

  1. 一、淡马锡控股使用新加坡人的公积金进行投资活动的时间多久了?How long was the Temasek Holdings using Singaporeans’ CPF to invest?
  2. 二、淡马锡控股是什么时候停止使用我们的公积金进行投资活动的?When did the Temasek Holdings stop using our CPF to invest?
  3. 三、淡马锡控股在几个星期前(即6月初)才透露他们并没有使用我们的公积金进行投资活动。这是不是等于说,在迟至今年5月份,淡马锡控股还一直在使用我们的公积金进行投资活动?Temasek Holdings only revealed the information that they do not use our CPF to invest a few weeks ago (early June). Does this mean that as late as May, the Temasek Holdings was still using our CPF to invest?

事实上,政府也已经说了:

In fact, the government has also said this:

政府有系统的评估了这三个投资实体所进行投资的全部证券投资组合的整体风险。。。基于政府对证券投资组合的整体投资风险的评估,这就确定了政府投放在这三个投资实体的资金。这是考虑到金融管理局、GIC和淡马锡控股三者在不同的投资风险环境的情况

The Government systematically reviews the overall risks of its whole portfolio of assets invested by the three entities… Based on the overall risk profile of the Government’s portfolio, it decides how government capital should be allocated among the three entities. This takes into account the different investment orientations of MAS, GIC and Temasek, which place them at different parts of the spectrum of investment risk.

Ministry of Finance - Section I  What comprises the reserves and who manages them  (5)

示图九:新加坡财政部——第一部分:国家储备金由哪些部分组成?谁负责管理国家储备金?

Chart 9: The Minister of Finance Singapore – Section I: What comprises the reserves and who manages them?

因此,什么时候政府决定把我们的公积金从高风险高回报投资的淡马锡控股转移到低风险低回报投资的GIC?为什么政府会做出这个决策?是否有任何的报告可以披露?

Thus when did the government decide to remove our CPF from being invested in the higher-earning Temasek Holdings to the lower-earning GIC? Also, how was this decision taken? Has any reports been revealed?

要求透明化的诉求:

Demand for Transparency:

政府是什么时候停止动用我们的公积金投资在淡马锡控股的?

When did the government stop using Singaporeans’ CPF to invest in the Temasek Holdings?

政府动用我们的公积金投资在淡马锡控股已经多久了?

For how long did the government use our CPF to invest in the Temasek Holdings?

为什么政府决定停止动用我们的公积金投资在淡马锡控股?

Why did the government decide to stop using our CPF to invest in the Temasek Holdings?

政府是在怎样的情况下做出这个决定的?

How was this decision made?

为什么政府和淡马锡控股没有把这个事实告诉新加坡人民,他们是动用了我们的公积金投资在淡马锡控股?

Why did the government and Temasek Holdings not tell Singaporeans that at one point, our CPF was used to invest in the Temasek Holdings?

政府和淡马锡控股在动用我们的公积金投资在淡马锡控股的信息方面有哪些被遗漏了?

Why is this information omitted?

(四)淡马锡控股支付给建国一代的配套是多少?

(4) How Much Did the Temasek Holdings Pay For the Pioneer Generation Package?

淡马锡控股同时也说了如下一段话:

The Temasek Holdings also said the following:

淡马锡控股支付了税收和派发了年终红利给予所有的股东。这些附加红利的税收是由政府收取后设立了各种基金计划,包括了援助建国一代的终身医疗费用。

Temasek pays taxes on its profits and also distributes annual dividends to its shareholders. These dividends supplement the taxes collected by the Government to fund various programmes, including lifelong medical support for the pioneer generation.

Temasek doesn't invest or manage CPF savings (1)

示图十:海峡时报论坛来信——淡马锡没有投资或管理公积金的存款。

Chart 10: The Straits Times Forum Letters – Temasek doesn’t invest or manage CPF savings

假设这是事实。那么,实际上淡马锡控股到底确实为建国一代配套提供了多少金额?

If so, how much exactly did the Temasek Holdings provide for the Pioneer Generation Package.

政府已经“为支付建国一代配套预留了80亿基金”,在这笔款项中,“预计其中的一半将在第一个10年支付”。

The government has “set aside S$8 billion in a fund to pay for the Pioneer Generation Package”, of which, “about half will be drawn down in the first ten years”.

这说明了其中的40亿将在第一个10年支付。假设这笔40亿款项是平均分成十年支付,那么,今年将会支付4千万。

This means that $4 billion will be drawn down in the first ten years and if the fund is distributed equally, only $400 million will be used this year.

在去年三月份,淡马锡控股的投资值是2千150亿。那么,政府计划支付的4千万元只是淡马锡投资总值的0.002%。这笔4千万元的建国配套款项,淡马锡控股捐献了多少?

As of March last year, Temasek Holdings has a portfolio value of $215 billion. $400 million is only 0.002% of the total portfolio value. Of this $400 million, how much did the Temasek Holdings contribute to?

假设,淡马锡控股捐献了1/4建国配套基金,即1千万元,那么,这只是淡马锡控股总投资的0.0005%。即便是我们看到淡马锡控股的净利润是110亿,那么,这1千万元只是占了它的利润的0.009%吧了。

Say if the Temasek Holdings contribute only a quarter of the Pioneer Generation Package or $100 million, this would be only 0.0005% of their total portfolio. Even when seen as a percentage to the Temasek Holdings’ net profit of $11 billion, this would only be 0.009%.

好了。到底淡马锡控股捐献给建国配套是多少。但是,更重要的是,淡马锡控股使用新加坡人的公积金进行投资赚取的多少利润?淡马锡控股使用的公积金的资金数额尚未偿还给公积金局?

So, how much exactly did the Temasek Holdings contribute to the Pioneer Generation Package. But more importantly, how much did the Temasek Holdings earn from Singaporeans’ CPF and what is this amount that is not returned?

淡马锡控股使用新加坡人的公积金资金去赚取的利润与它们捐献给建国一代的配套相比,那简直就是小菜一碟?!

Is the contribution to the Pioneer Generation Package piecemeal then, in comparison to the earnings from Singaporeans’ CPF which are not returned?

要求透明化诉求:

Demand for Transparency:

假设是这样,那么。淡马锡控股捐献给建国配套的实际数额是多少?这些捐献的目的是什么?

If so, how much exactly did the Temasek Holdings provide for the Pioneer Generation Package and for what purpose?

(五)GIC和淡马锡控股的追加‘注入资本金’是从哪儿来的?

(5) Where Does the Additional “Injection of Capital” to the GIC and Temasek Holdings Come From?

最终,政府说,‘政府并没有也从未有过为了改进淡马锡控股或GIC的营运业绩表现而注如资金’。

Finally, the government says that, “the Government has not and does not transfer funds to Temasek or GIC to improve their performance figures”.

然而,政府说,他们‘不时的注入资本金进入淡马锡控股是政府分配新的流动资金的其中一部分。’

However, the government says that what it does is to “inject capital into Temasek from time-to-time as part of the Government’s allocation of fresh flows of funds”.

根据政府的说法,这些‘注入资本金可以提高证券投资组合的规模,但是,不是改进投资回报’。

According to the government, these “Capital injections can increase the size of the portfolio but do not improve the investment returns”.

Ministry of Finance - Section I  What comprises the reserves and who manages them  (1)

示图11:新加坡财政部——第一部分:国家储备金由哪些部分组成?谁负责管理国家储备金?

Chart 11: The Minister of Finance Singapore – Section I: What comprises the reserves and who manages them?

最终政府说,“那些调拨的资金是不可以用来掩饰投资的亏损”。

Finally, the government also says that, the “transfer of funds cannot be used to hide investment losses”.

Ministry of Finance - Section I  What comprises the reserves and who manages them  (2)

示图12:新加坡财政部——第一部分:国家储备金由哪些部分组成?谁负责管理国家储备金?

Chart 12: The Minister of Finance Singapore – Section I: What comprises the reserves and who manages them?

关于以下两个问题我让大家自己去辨别。假设

  1. ‘调拨资金’和‘注入资本金’两者之间是否有不同之处?
  2. ‘隐藏投资亏损’和‘增加证券投资组合比例额’两者之间是否有不同之处?

For this last part, I leave you to discern for yourself if there is a difference between the “transferring of funds” and the “injection of capital”. Also, is there a difference between “hiding investment losses” and “increasing the size of the portfolio”?

对一般人而言,这就是为了掩盖实际情况的一句大话。我们唯一能够知道实际的情况就是在GIC 和淡马锡控股全面披露有关它们是如何使用公积金进行投资后,它们在哪些项目上投资是亏损了?它们如何管理这些亏损?这些资金如何被调动?这些资金是从哪儿调拨来的?

To the layman, these terms are only big words which hide the true picture. The only way we can truly know is if full reports are revealed by the GIC and Temasek Holdings on how they use are CPF to invest, what losses had occurred, how these losses were managed, how funds were moved around and where these funds come from.

事实上,政府可能会辩解说,他们给淡马锡控股“注入了资本金”。然而,这些‘资本金’是从哪儿来的?国家储备金已经是在金融管理局、淡马锡控股和GIC共同管理。假设国家储备金已经由他们全面管理了,那么,这些增加部分的‘资本金’是从哪儿来的?

In fact, the government might claim that they “inject capital” into the Temasek Holdings. However, where does this “capital” come from? The reserves are already managed by the Monetary Authority of Singapore, GIC and Temasek Holdings. If the reserves are already fully managed by them, then where does the additional “capital” come from?

而且,政府说,他们并没有从别处“调拨资金”,那么,这些增加的‘资本金’必然不会是从现有的基金调拨。假设是这样,那么,那些增加的‘资本金’是在哪儿来的?这些‘新流动基金’是从哪儿来的?这些增加部分的‘资本金’的来源明细表在哪儿?

Moreover, the government says that they do not “transfer funds” so the additional “capital” should not have come from existing funds. If so, where does the additional “capital” and these “fresh flow of funds” come from? What is the breakdown of sources for this additional “capital”

这些增加的‘资本金’是不是从提高新加坡人的公积金哪儿筹集而来的?与此同时,为什么每年都在改变增加‘资本金’?

Does this additional “capital” come from raising additional CPF from Singaporeans? Also, how does this additional “capital” change year on year?

要求透明化诉求:

Demand for Transparency:

淡马锡控股和GIC从设立至今到底亏损了多少?他们如何管理这些亏损?

What are the losses that GIC and Temasek Holdings have made since their inception? What have they done to manage the losses?

淡马锡控股和GIC设立至今,政府到底为这两家公司‘注资’了多少?

How much “capital” has the government injected into the GIC and Temasek Holdings since their inception?

政府为这两家公司增加‘资本金’的资金是从哪儿筹集来的?

Where does this additional “capital” come from?

政府必须全面的披露有关淡马锡控股和GIC成立至今的全面报告,让新加坡人民自己分析政府、淡马锡控股和GIC是如何使用我们的公积金?

The government has to reveal the full reports of the GIC and Temasek Holdings since their inception for Singaporeans to analyse for ourselves how our CPF is being used by the government, GIC and Temasek Holdings.

最后,您是否注意到以下的事情?

Finally, do you also notice the following?

  • 政府只是承认,他们在今年6月份较早时间使用新加坡的公积金投资在GIC(即几个星期之前)。The government only admitted that they use Singaporeans’ CPF to invest in the GIC in early June this year (a few weeks ago).
  • GIC只在‘一般问题与答案’栏里更改有关信息。他们承认是在今年6月份较早的时间使用新加坡的公积金的。The GIC only changed the information on their FAQ to admit that they use Singaporeans’ CPF to invest in early June this year.
  • 淡马锡控股在今年6月份较早的时间里披露说,他们没有使用新加坡人的公积金。The Temasek Holdings only revealed that they do not use Singaporeans’ CPF to invest in early June this year.

在今年6月份所有的问题都浮出水面。上个月,我还是受雇于陈笃生医院。为什么是6月较早的时候?在6月份之前的这段期间,政府是不是做了些什么?他们是不是重新评估‘整体证券的资产’和重新组合这些证券资产?

Everything happened in early June this year. Last month, I was still employed. Why early June? Did the government do anything prior to June to review their “overall portfolio of assets” and re-allocate them?

GIC在承认使用公积金进行投资前,在6月份之前这段期间是否做了些什么?

Did the GIC do anything prior to June before admitting to knowing that they use our CPF to invest?

在6月份之前,淡马锡控股停止使用公积金进行投资前,在6月份之前这段期间是否做了些什么?

Did the Temasek Holdings do anything prior to June to stop using our CPF funds to invest?

为什么这些事情同时突然发生?到底这之前是发生了什么事?请大家自己的思考!

Why did all these happen suddenly, together? What happened back-end? I leave you to think about it.

在我的第二部分的文章里,我将进一步探讨有关管理公积金的差异和现在是时候政府必须公开与透明地向新加坡人民说明是如何使用我们的公积金进行投资的时候了。

In the second part of this article, I will discuss further on the discrepancies and how it is time that the government is transparent to Singaporeans on how they are using our CPF to invest.

分享这篇文章,使用此链接。 To share the article, use this link: http://t.co/SfMVM2drOC

*****

非常明显的,在政府、GIC和淡马锡控股管理我们的公积金问题上是出现了疏漏了。这些疏漏所产生的漏洞和差异是政府至今还没有纠正的。这些重要的漏洞是政府必须承认和毫无保留的说出来的,特别是新加坡人所关心的退休基金问题方面。

It is clear that something is amiss in the management of our CPF by the government, the GIC and Temasek Holdings. There are still loopholes and discrepancies which the government has not addressed. This are important loopholes that the government has to acknowledge and speak up on, especially so since this concerns the retirement funds of Singaporeans.

新加坡人民的公积金到底去了哪儿?

What exactly is going on with Singaporeans’ CPF!

在2014年7月12日将举行一个要求政府《归还我们的公积金》的集会。在这个集会上将进一步探讨有关政府在公积金的问题和管理公积金上缺乏透明度和可信度的问题和要求政府归还我们的公积金。

On 12 July 2014, an event will be held to discuss the CPF issues and the lack of transparency and accountability from the government and for Singaporeans to demand to the government to #ReturnOurCPF.

你可以在这里加入了Facebook活动页面

You can join the Facebook event page here.

#ReturnOurCPF Poster@pink final

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s