More Evidence that Temasek Holdings Takes Our CPF to Invest!

I had asked Deputy Prime Minister and Finance Minister Tharman Shanmugaratnam, “Secondly, Temasek Holdings has said that they do not invest our CPF, is it possible to know if in the past Temasek Holdings had invested our CPF?

The Finance Minister had said, “No. It has never managed CPF funds.”

However, the Finance Minister went on to admit that, “Temasek started off with a set of assets which were transferred by the Government at time of inception. I don’t have the exact figure in my head – but about $400 million dollars worth of assets in the form of a set of companies.”

A speech given by the Minister for Labour and Communications in 1982 further revealed:

CPF savings form a large portion of Singapore’s savings. These savings are used for capital formation which means the construction of new factories, installation of new plant and equipment, expansion of infrastructure such as roads,’ ports and telecommunications, the building of houses and so on. These facilities coupled with Singapore’s economic and political stability have in turn attracted large amounts of investments each year. These again go into the setting up of more businesses, factories and enterprises.

Leong Sze Hian and I were able to trace how which infrastructure that CPF was invested in, and how they were then transferred to Temasek Holdings.

Temasek Holdings Did Invest CPF

Temasek Holdings Has Access to Our CPF

Today, I have new evidence for you.

In the book, ‘Reforming Corporate Governance in Southeast Asia‘, it was explained that, “The second issue meriting consideration is Temasek’s utilization of Singapore’s reserves. The country’s reserves have been managed by the Government of Singapore Investment Corporation (GIC). In April 2004, a constitutional amendment that allowed the government to transfer reserves to key statutory boards and companies, and the transfer of reserves among them with the approval of the president, was introduced. Temasek Holdings has acknowledged that it can access the reserves (Temasek Holdings 2004). Both Temasek’s chairman and chief executive also have to annually certify its statement of reserves and past reserves to the president.”

According to the government, “The reserves refer to the total assets minus liabilities of the Government and other entities specified in the Fifth Schedule under the Constitution” and “Fifth Schedule entities refer to key statutory boards and Government companies that are listed in the Fifth Schedule under the Constitution. Examples of Fifth Schedule entities are CPF Board, MAS, HDB, GIC and Temasek.”.

Thus it is evident now that our CPF is invested in the reserves, which can be accessed by Temasek Holdings.

The government might claim that:

An occasional misperception is that the Government made the Constitutional amendments in 2002 and 2004 to allow for the transfer of Past Reserves between Fifth Schedule entities and the Government so as to be able to conceal investment losses. This is wrong.

We have explained that a transfer of funds cannot be used to hide investment losses.

The government might also claim that:

An occasional misperception is that capital injections can be used to improve the reported returns performance of Temasek. Capital injections can enable Temasek to increase the size of its portfolio, but do not improve investment returns.

However, the evidence points to the fact that Temasek Holdings indeed has access to the reserves and Singaporeans’ CPF!

It is no wonder that at one point, the government did put on their website that, “Our reserves are managed by three agencies – the Government of Singapore Investment Corporation (GIC), Temasek Holdings (Temasek) and the Monetary Authority of Singapore (MAS).”

Who manages our reserves

However, after I exposed this in 2012 and 2013, the government deleted this information from their website and replaced it:

Removed reserves managed by

In fact, as Associate Professor Linda Low had revealed, “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 Government Investment Corporation of Singapore (GIC).

Developmental States  Relevancy, Redundancy Or Reconfiguration  - Google Books

And in fact, the CEO of Temasek Holdings, Ho Ching, and the Singapore Prime Minister Lee Hsien Loong’s wife, had in fact said in 2009, that, “While the Minister for Finance (Incorporated) is our formal shareholder, we recognise that the ultimate shareholders of Temasek are the past, present and future generations of Singapore.”

Temasek Holdings ultimate shareholders past, present and future generations of Singapore

Indeed, the book ‘Reforming Corporate Governance in Southeast Asia’ had illustrated how the citizens of Singapore are the rightful and ultimate shareholders of Temasek Holdings, as Ho Ching herself has admitted.

'Reforming Corporate Governance in Southeast Asia Government and Temasek Holdings

Then, if this is the case, why is Temasek Holdings (and GIC) now a private limited company? And why is it that Temasek Holdings (and GIC) are not required to furnish full reports to the citizens of Singapore as to how they are really using our CPF?

A terrible disservice is being done to Singaporeans today. The GIC and Temasek Holdings take our CPF but does not give the citizens of Singapore – the rightful owners – the full reports as to what is really happening to our CPF.

Meanwhile, Singaporeans have the least adequate retirement funds in the world.

Slide54

And 90% of Singaporeans are not able to meet the CPF Minimum Sum and are unable to retire.

Three-Quarters of Singaporeans Have Less Than $77,500 in Our CPF

However, the GIC and Temasek Holdings have used our CPF to become the 8th and 9th largest sovereign wealth funds in the world.

Sovereign Wealth Fund Rankings   Sovereign Wealth Fund Institute

Something is very, very wrong at the state of affairs in Singapore.

Singaporeans, our lives are put at great risk and the way that our CPF monies are being managed is a security threat to our lives.

However, the government has refused to be transparent and accountable to Singaporeans, even though as the citizens of Singapore, we are the ultimate stakeholders to the GIC and Temasek Holdings, and as the citizens of Singapore, we are the owners of Singapore, our nation.

So, why is it that you, as the citizen of Singapore, is denied all this information, especially since when this pertains to your retirement funds, and the large chunk of 37% of your wages?

Something is terribly, terribly wrong here at how things are being managed in Singapore.

We cannot let things go on like this.

3rd Edition Of The #ReturnOurCPF Event

On 23 August, there will be a third edition of the #ReturnOurCPF event.

Join us at the third edition and take a stand. The government cannot take Singaporeans’ CPF to use and tell us that they do not know what they are using it for. This is a derision to Singaporeans and daylight robbery!

On 23 August, we will see you at Hong Lim Park. Let’s come together, be united and speak for change, for the better for our lives, and our children’s.

You can join the Facebook event page here.

Also, my first court case will be held on 18 September 2014, at 10.00am. It will be a full-day hearing.

Return Our CPF 3 Poster Template with Text edited with Title

Return Our CPF 3 Poster Template with Text edited with Title@Chinese

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66 comments

  1. landragon123

    Tomorrow is a DANGER Day as it have many 7 and the 1st is 9th August equal to 17 our 1st 7 and year 2014 added is 7. Than 49th Birthday is 7 X 7 which is the last 7 after death prayers. The lunar year, it is 14 days of the 7 months another 3 – 7’s.
    Therefore keep your fingers cross to watch what happens tomorrow? We Taoist pray to our SKY, nothing to happen to Singapore. But no body can tell for sure who or what will happens???

  2. Telescope

    Prime Minister wants to sue , but he must resign first before file a lawsuit, In order to show his innocence, he must first resign the job in any of investment company, included Temasek Holdings.

    otherwise, one side holding large sums of money, one side sued the poorer who dissatisfied with the status.

    Obvious is the wolf eat the sheep!

    总理可以告, 但是必须辞了职来告 !
    為了表明清白,同時必須先辭去淡馬錫控股和投資公司的主席職位。否則,一边拿巨款,一边告穷人,明顯的就是狼吃羊 !

    • landragon123

      It is call BIG fish eats small fishes and for a PM to eat must be expensive money term. So I call it Power Corruption as there are no Laws against such corruptions.

  3. Oracle - Where Are You?

    I’ve brought along a big dog that your wife wanted.
    And he is a big dog in more ways than one.

    • Oracle's Wife Supports Interracial Harmony

      She does not just talk.
      She takes action.
      She let’s her orifices do the talking.

  4. Telescope

    As we all know, Lee Kuan Yew lie from the beginning, They later changed, they did a lot of homework under table Privately, A few of them thinking that they would carve up the country’s wealth. So they consistently said “No” to the outside world, still harm the poor young guy who found their clues

    In accordance with Lee Kuan Yew pushed his one of former corrupt minister suicide ‘s case, whether Lee Kuan Yew must to commit suicide as well , or kill him by the people ?

    However, Singaporean had soft-hearted, would rather be empty whole family savings ( CPF ) , in bankrupt or in jail, got broken up, Uprooted, die abroad, no willing to use the same cruel return to them.

    大家都知道, 说谎从李光耀开始,他们后来变了,私下里都做好的功课来, 他们几个以为这样就可以瓜分国家的财富了. 所有他们一致口径对外界说No,还要加害发现证据的人。依照之前李光耀逼死他的一个贪污的部长自杀的案例, 李光耀现在要不要自杀 ! 还是由人民来杀 ?

    不过,新加坡人民的心太软, 宁可被他光拿光全家人的储蓄 ( CPF ),被破产,被坐牢, 搞到家破人亡,背井离乡, 客死他乡, 也不愿意对他心狠一次。

  5. Jun Long

    10 years ago, I was a teenage students in school, there is one thing that I still remember, still creeps.

    A man named Tang Liang Hong, he question Lee Kuan Yew if his new purchase condominium got discount

    suddenly, which erupted a bad thing, something in the matter, the police dispatched and confiscated Tang’s home,Scare everyone afraid to ask, do not write the laws, informing people what things can not ask, what can be asked.

    After that, we saw through the newspapers , they hit Tang Liang Hong’s family as the same way as hit the cross street ‘s mouse,It was appalling, At that time, my uncle wants me to study first.

    Now completed my study, I found that people are not allowed to ask , Is convenient when they are in possession of corruption.If we people can ask, corruption in our country will be reduced.

    and a great liars will not chance to be a great magicians
    I guess, if proposal hanged Lee Kuan Yew, many people will agree.

    10多年前, 我还是20几岁的在读学生,有一件事让我至今想起, 仍然毛骨悚然。

    一个名叫邓亮洪的人,问李光耀家里购买的公寓是否拿到回扣价的问题,喔啊, 这下不好了,大事不妙啦,警察出动了,没收了他们家,吓到每个人不敢问, 都没有写入法律,通知国人什么不能问, 什么可以问。

    之后每天的报纸上都看到,他们一直打到邓亮洪一家人向过街老鼠一样,令人惨不忍睹。 当时, 我的叔叔要我把书读好先。现在我读完了书,我发现, 不准国人问他们,就是方便他们贪污的时候没有人管。 如果可以问,我们的国家的贪污就会减少。大骗子也不会变成大魔术师

    我猜想, 如果提议绞死李光耀, 会有很多人赞同的。

    • landragon123

      Jun Long, I believe you were not born when LKY is our 1st PM and what nonsense are you talking about? It was only after the present SICK PM took office that corruptions set in. He wanted to save money and out sources everything he can think. When you outsource, there is no CPF to pay, not overhead to pay and most of A11 you a get the cheapest quote.
      Do you think good works can be cheap. So cheap is the answer for the PM, but he never relies that good things are never CHEAP.
      Now, most government department do not have their staff to handle things, and leaving those CLEVER jobs to call centre?

      • Jun Long

        it was about 16years ago, I still remember, our family was eating dinner, talking about it, very afraid, very angry, because Singapore has not law suitable them, they are the law, Courts people are their private bodyguards.

        I guess not only me one person wish he was hanged, pay for the bad things he done.

        我仍然记得,大约16年前,我们一家人在吃晚餐的时候,谈论这件事, 都非常害怕, 非常气愤, 因为在新加坡还没有适合对付他们的法律, 法庭就是他们的私人保镖。我猜,不止一我一个人希望他被绞刑吧,为他所作的坏事负责。

    • Alan

      Now you can see how fxxk Roy are by attracting all this idiots like you that lied without blinking! That tell how far all you bastard can go!

      • RETURN OUR CPF !

        Even worse than the communist country, their behavior is a bunch of bandits. Lee Kuan Yew is like Nazi figures in Singapore, thousands of victims dead or missing. but SPH and Mediacorp wholly owned by Temasek, of course prohibit report the truth, We still back in the National Day today, to commemorate those unsung heroes,

        below the event aims to raise awareness about how Singapore has changed over the past 49 years and how we should make Singapore’s 50th birthday a memorable one.

        We’re looking for 30 concerned Singaporeans to speak about anything related to Singapore on 9 August as national day belongs to all Singaporeans.

        09 Aug 2014 National Day: Commemorating unsung heroes and remembering broken promises
        12:30 One minute of silence for Tan Lark Sye (1897 – 11 September 1972)
        12:50 – 13:00 Singing of Moments of Magic, One minute of silence for Tan Kah Kee (21 October 1874 – 12 August 1961)

        13:30 One minute of silence for Lee Siew-Choh (1 November 1917 – 18 July 2002)
        13:50 – 14:00 Singing of We Are Singapore
        One minute of silence for Adnan bin Saidi (1915 – 14 February 1942)

        14:30 One minute of silence for Abdul Samad Ismail (18 April 1924 – 4 September 2008)
        14:50 – 15:00 Singing of One People, One Nation, One Singapore
        One minute of silence for Lim Bo Seng (27 April 1909 – 29 June 1944)
        15:30 One minute of silence for David Marshall (12 March 1908 – 12 December 1995)
        15:50 – 16:00 Singing of Home
        One minute of silence for Ong Teng Cheong (22 January 1936 – 8 February 2002)
        16:30 One minute of silence for Lim Hock Siew (21 February 1931 – 4 June 2012)
        16:50 – 17:00 Singing of Stand Up for Singapore
        One minute of silence for Joshua Benjamin Jeyaretnam (5 January 1926 – 30 September 2008)

        17:30 One minute of silence for Devan Nair (5 August 1923– 6 December 2005)
        17:50 – 18:00 Singing of Count On Me, Singapore
        One minute of silence for Lim Chin Siong (28 February 1933 – 5 February 1996)

  6. Jun Long

    most of 40 years old Singaporean knew,they harm a lot of people, Just outsider do not know.As long as no Lee family in government, will be better.

    my father’s generation are afraid of them , I decided to fight with them , if I die, I am here to tell you the truth, leave messages to the world.

    每个40岁左右的新加坡人都知道,他们害了很多人, 只是外界不知道而已。我们只要李家人不在做总理,会好一些。我们父亲那一代很害怕他们,我决定跟他们拼了, 即使我死了,我在这里说出我的话, 留下短信。

  7. yah yah yah

    yah yah yah, each and every one of them is evil to the core and all are scheming devils out to squeeze us dry to the bone. yah yah yah, sure. yes. it’s all a complete big lie. Of course it is. Hooray! You’re our saviour.

  8. Dosh

    Thank you very much for your article

    LKY, A man with a character problem. Politicians do NOT generate or produce wealth. They are civil servants. But, LKY has made himself Lord LKY, supreme leader of Singapore!

    However, LKY belongs to YESTERDAY. He is truly a FAILED leader. His installation of his son, PM LHL is the PROBLEM we have on our hands! PM LHL is useless, clueless and hopeless. Too many mistakes and wrongdoings. Sued Roy, but lack the gut to face Roy in open court but instead ask for a Summary Judgement.

    It is great that more Singaporeans are awakening to the truth about LKY and the FamiLEE. The day we destroy LKY and the FamiLEE is the day SINGAPORE IS TRULY FREE! Furthermore, the FamiLEE is a HINDRANCE TO PROGRESS!!!

    • landragon123

      Do not guess and talk nonsense. Saint Lee Kuan Yew is the greatest leader of our time and you will never find another man greater than HIM for a long time to come.

      Please do not made judgement when you does not knows anything about HIM. This what I believe, LKY never approve to let his son into our Government, It is Goh Choke Tong’s doing as they share the same passions for gambling. The casinos looks like it was LKY’s blessing, and the answer is NO, It was MRS, Lee’s Blessing as LKY was henpecked as he admitted. He told us before, “over my dead body” and a man who said these words turn around and does something against his conscience?

      I think after this celebration is done for the 49 birthday, many doors will open up which will leads to the truth that we are facing now, A11 the work of this sick PM and his ABLE cabinet. Some catch and kills Mosquitos, some put SMRT to shame, some rans a few ministries but does not knows what there are doing and so on an on………….. till the AG give us more and further reports???

      • @landragon123

        @landragon123,
        you got dementia you said Saint Lee Kuan Yew , he is dictator, two-faced, Saint will not murder, Saint will not persecute people, but LGK did . he harmed thousands of family in bankruptcy, suicide, getting poorer, Saint will never ask for huge salary from people, Saint will give the power to people , rather than his family,
        a despicable person is when he working, also he murder.

  9. Alan

    Yah! An asshole who fart and stink up the net, a sexy spider who flip and flop throughout the whole issue and self professed economist who googled, mixed, matched, cut and paste are your kind of idea of a leader huh!

    Did you go down to suck his toe?

    Now it’s obvious how screwed your brain is for idolize such as idiot!

    • landragon123

      I AM 70 and 71 by the lunar calendar. If you wants to beats me in anything about Singapore History OR today’s Singapore, name your terms and place to do it and I WILL take on anyone including the PM and his Cabinets. I AM Bibola and not too alert for anything happening on our EARTH and that is why there is only one company in this world call LAND DRAGON and do you know what is a DRAGON and are there DRAGONS in our world or on EARTH??? By the time you learn and knows what are DRAGONS, Singapore will have change with a new PM and an Indian!!!

    • landragon123

      Go to sleep and when you are dead and gone, Lee Kuan Yew’s name will be in the History Books respected by all over the World and it is the Frogs in the Well who does not knows anything trying to tells others their bullshits!!!

      • @landragon123

        @landragon123,
        pls sleep tight, I am sure when you are immersed in his book , all he persecuted death soul is back, it is not a small number,But the thousands families victims, wives, children, grandchildren, their children’s girlfriends, their boyfriends…their aunts and uncles…their all friends and relatives..

      • landragon123

        I think you are reading the wrong stories. It was the Japanese who have killed many in wars and murders and their victims, you are right – children and women.

  10. the REAL truth

    Roy, you’ve been fooled. This CPF plot is a scheme by the Illuminati, which is led by a group of half alien half man beings.

  11. 中国媒体在线跟踪

    据中国媒体的长期观察,李光耀是个汉奸的料子。 做汉奸也要有点本事, 巴结洋奴, 专搞乘人之危的下三滥之事儿, 在中台邻国之间之间挑拨离间, 做一些各国政治家都做不出来的缺德事儿。从他抓中国巴士司机的事件,还是跑到大陆四处搞投机倒把的活动, 都他妈的骨子里一个婊子混蛋,占便宜还要立碑坊。 他说的话还需要事后请他人解读吗,中央电视台多次向这只狐狸发出警告,引诱外国势力,出卖中国利益的人, 不要再到中国来访问了 。

    • Alan

      Just show that all you bastard here are compulsive liar! Never a word is real and it show the how you idiots of the same feathers fly together.

      Don’t blame the other for not taking you seriously!

      • Luca

        Asia’s most famous speech comparing two grandchildren now compete with established.

        —–LKY’s grandson : “Just show that all you bastard …… show the how you idiots of the same feathers fly together. Don’t blame the other for not taking you seriously! ”

        ———–Taiwan’s Chiang Ching-kuo’s grandson. graduated from New York University, his most honestly speech :

        ” when the government killed so many people, though not my great-grandfather personally kill buckle trigger, but after all, he was the representative of the Government in the execution. My family used to persecute the people of Taiwan, it was true. something was wrong, Hurt the entire Taiwan, But today’s Taiwan, should be entered after Chiang Kai-shek era.”

        Two descendants, Stack up, stand outcome.

  12. Angus

    Alan
    Have to admit, Your people are also seriously to you ! You only can do that gain extreme notoriety . the best things is before LKY died, let him heard the voice of the people. Also let him see his son ousted

    • landragon123

      HIs son will be out before the next election and before the Horse Year is over. Looking forward to his ABLE father to come and help clean and clear some of his mis-doings like the Casinos. I AM sure the Casinos will be turn to be the Greatest Theme Parks in the World.
      Do not renew the license in 2020/2021 and let the owners decide whether they wanted to cash out or continue as the Biggest Theme Park in the World and the most Expensive.
      This is what to be done – Links the 2 Casinos into ONE theme park and tourists coming here to enjoy and be Happy and Healthy for holidays are to enjoy their off days. I AM sure many came and lost the monies here and some even lost their lives after there went home. Be good to ourselves and than to others, and the SKY will bless us forever. We no need SINS money to ran our country.
      Our sick PM created many SINS and he have a relapse, Losing allot of our monies and need our CPF to pay for it. I remembered that CPF were invested in Bonds and Safe Securities. Now it is invested in China and many other 3rd World countries even in American and Europe and Japan, all bankrupt countries. As a properties agent for the last 25 years, these are mostly bad investments.
      Two place on EARTH are the safest and it is Singapore and Hong Kong. That was why the Far East Group stays here and are the Richest men in town. The Indonesian and Malaysian are the biggest investors in Singapore, for the know that you will never loss have taking a 5 to 10 holding. There is never a better place on EARTH to invest in our LAND as it is limited and cannot be expanded as you like as not like our OLD Idol said a few days ago.

    • Alan

      Too be honest, LHL will rule till he decide to pass his baton and the country will prosper under good hands! Just look at the way you people curse and lie shows that your curse to others will be falling on you soon.

      Love to see all your pathetic face when your big fart get busted! Lol!

      • landragon123

        You are never honest in the 1st place, for when most Singapore are against our SICK PM you supported him. Do you know that he have RELASPE for his Cancel and when it is CANCEL, it is ‘Boh Quill’ Meaning nothing can save him even with his regular JABS he is having.

    • Alan

      Beware where your curse go! It may fall to u or your love one.

      I’ll advise you to keep your mouth clean. In case you will regret it.

  13. BlL 332

    every year National day ceremony cost huge finance & entertain their own family only Who is in wasting who is in suffering who is in the entertainment,
    we want Lee Family step down . we want a new prime minister , we want future for people , no more for Lee’s Family !

    • landragon123

      Yes great things happened and it happen on our 49 Birthday and it is another LEE, he is Chris and Fann’s SON. Look forward to a new LEE but in the meantime an Indian will help us to a better tomorrow.

  14. Ah Be

    国庆日我一点都不开心, 我只想问这一家人什么时候死光光,我们才会有希望。他活越久,我们的命越短, 他不该糟蹋我们这么多条命, 而自己活这么久.

  15. Ah Be

    我一点都不崇拜他, 反而越来越厌恶他, 他最看不起我们住在祖屋里面的人, 他勾引有钱人进来, 为有钱人建屋子,这样几条大鱼把我这些小虾米慢慢的吃掉,他的心其实是黑的,他喜欢告人家诽谤罪,我不明白你都不给解释,怪人家诽谤你什么,你总是喜欢跑到法官哪里去撒娇,拿法官当你的奶妈咩, 意思是我们要乖乖的被你吃掉,听你不停地讲骗话,不要发声羊。你每次死赖着不肯下台,难道非要让我们拿起棍子把你赶下台咩

    • motor

      就是啰, 如果他对人民好一点,没有害死过很多人家破人亡, 我们就祝福他长命百岁, 实质上他的长寿是折断无数人家的寿命换回来的, 我们不要祝福他。

  16. National Day is not PAP Day

    9 August: Should we unite to build a fair and just society for our fellow Singaporeans?
    Below are few of the examples that speakers will talk about on 9 August 4pm to 6pm at Hong Lim Park:

    Foreigners taking our jobs

    Lowest public healthcare spending as a percentage of GDP in the world

    Lowest real rate of return amongst pension funds in the world

    Most expensive public housing in the world

    30% of households spend more than what they earn

    Hardly any real wage growth

    High cost of living – Most expensive city in the world

    I’m concerned about my future and have come together with other concerned Singaporeans such as Leong Sze Hian, Patrick Low, Benjamin Matchap, Tay Kok Weng, Pek Chee Yong, Roger Caleb Chua etc to hear their views regarding my concerns.

    As such, this event aims to highlight the lack of transparency and accountability in governance as well as problems caused by policies over the past 49 years.

    – See more at: http://singaporedaily.net/events/national-day-is-not-pap-day/#sthash.HCPwB5OG.dpuf

    • landragon123

      When we change is for the better, but the changes done by our SICK PM are to cost more and more and these are my examples.
      1) Goes to the Poly Clinics now and see what happens. There use to be 3 times waiting, Register for your numbers, than see the doctor and collect you medicine and pay. Now you waits 5 times, adding to hands in the prescription to be questions and that gets a new numbers to collect the medicine and lineup to pay. Now packets comes in boxes and I collected 4 boxes plus the usual plastic bag. So is that wasting of GOOD money for a bad cause. The fee was $5.00 for many years and now it was increased 2 to 3 times at $6.20. Improvements is to reduce cost not to increase or just simple wastage. Maybe it was done by our Ministers at Ministry of Health and I suggest to rename it MINISTRY for HELP as the people running it really needs HELPS???
      2) Property Agencies paid $130.00 yearly for a license but now pays Thousands to get a license and Agents with no company of their own pays too to CEA (Compulsory Extortion Agency) as you cannot chose an Insurance Agent for there is ONE and only ONE. We have to attend nonsense courses to get 6 points and that is 15 hours of our times to pay Extortion Monies to those so call GURU to bluff us. I tell you I AM many times better and more experience than them.
      3) When the CEA was started in 2010, there said all submissions to be on line, But a HARD copy have to be submitted too. Such a JOKE happened in LHL running for settling new agencies to ROB us citizens trying to made a decent living in Beloved Singapore which is respected by many and many other countries too during his father’s time. This sick son brought us DOWN for his greed for monies.
      4) Same goes for many other agencies that are new, like Insurances and you names it he have it as long as it collecting our monies for his wife to loss it in China and other investments overseas.

  17. A Very Simple Choice

    Vote Opposition and get our CPF back at 55 years old.

    Vote PAP and we will likely not touch our CPF money again until we die.
    And the CPF rules will keep changing (Tharman calls it “evolving”)

    • Bear

      What makes you so sure that voting OPP will get back out CPF at 55 ?
      Are you Low Thia Kang or Sylvia Lim? If you are, why not just say it openly ??

      • Why Vote PAP?

        Vote PAP.
        And we will end up owing more money to the PAP government.
        Because PAP government will keep increasing the CPF Minimum Sum.
        True or not?
        You tell me lah?

      • Give Me Back My CPF Money at Age 55 Years

        Or I vote Opposition.
        You have until GE 2016 to do this.

  18. Pingback: More Evidence that Temasek Holdings Takes Our CPF to Invest! | landragon123
  19. We Want Our CPF Money NOW

    I don’t want to wait until 55 years old.
    How I know there will be any money left?
    We keep losing money buying foreign bank shares.

  20. Abolish CPF and National Service.

    They are PAP institutions.
    National Service means slavery for our children. Free labour for PAP.
    CPF means slavery for our money. Free money for PAP.
    True or not?
    You tell me lah!

      • Abolish CPF and National Service.

        A PAPig laughing at the sacrifices of our Singaporean sons.
        Serve NS for what?
        Vote Opposition to abolish NS.

  21. Heaven forbid !

    CPF is the money we lend to LGY’s Family !!!!!!!!!!!!!!!!!! Within the period the borrower is not back to the people ???????????????? This is earth-shattering scam !!!!!!!!!!!!!!!!! Heaven forbid !!!!!!!!!!!!

  22. unconditional support

    One isn’t necessarily born with courage, but one is born with potential. Without courage, we cannot practice any other virtue with consistency. We can’t be kind, true, merciful, generous, or honest.

    we support you – Roy, with our unconditional support till we die , And Your great achievements have been recorded in history

  23. Julian

    “Dad could talk about peace and love out loud to the world, but he could never show it to the people who supposedly meant the most to him: his wife and son. How can you talk about peace and love and have a family in bits and pieces – no communication, adultery, divorce? You can’t do it, not if you’re being true and honest with yourself.”

    Similarly, the head of a country, if you are not due to return of the people’s CPF, you repeated countless times “constructive” in our parliament, you have been entirely dishonest person !

  24. Pingback: Did PAP Take Our CPF to Pay for the GIC’s and Temasek’s Losses? | The Heart Truths
  25. teoenming

    Singapore Minister Mentor Lee Kuan Yew and Prime Minister Lee Hsien Loong Want Teo En Ming Dead

    Singapore Minister Mentor Lee Kuan Yew and Prime Minister Lee Hsien Loong want Teo En Ming dead. Lee Kuan Yew and Lee Hsien Loong want Teo En Ming to die young. I am only 36 years old. I do not want to die young. I want to live to a hundred years old and beyond!!! I want to live to a hundred years old and beyond!!! I want to live to a hundred years old and beyond!!! I want to live to a hundred years old and beyond!!! I want to live to a hundred years old and beyond!!!

    In fact, I want to live forever!!!
    In fact, I want to live forever!!!
    In fact, I want to live forever!!!
    In fact, I want to live forever!!!
    In fact, I want to live forever!!!

    Teo En Ming has filed an official complaint against the Singapore Government at the United Nations Human Rights Council Branch and the International Criminal Court. Read the letter here:

    ***********************************************************************************
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    Teo En Ming’s Open Letter (Plea for Medical Help/Assistance) to World Leaders dated 27 Aug 2010. Read the letter here:

    http://lists.mcs.anl.gov/pipermail/mpich-discuss/2010-August/007811.html

    Mr. Teo En Ming (Zhang Enming)
    Singapore Citizen
    Republic of Singapore
    14 Jan 2015 Wednesday Singapore Time

  26. Pingback: The Truth about the CPF Advisory Panel’s Recommendations: PAP Never Wanted to Increase Our CPF at All | The Heart Truths
  27. Pingback: A Short Note on Budget 2016 and Update Twelve of Defamation Funds | The Heart Truths

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