PAP Family Members to Run Pte Pension Fund?
When I saw it on TV the first thing to come to mind was that this bastards instead of fixing the CPF and get it right are now looking for income opportunities for their family and cronies.
Lim Hwee Hua, Singapore first female cabinet minister who lost her seat in Aljunied is married to Andy Lim. He is the founder and partner of Tembusu Partner Private Ltd, a private equity. An approved fund under the Singapore Investor Global Programme. Outside Singapore, they have office in only these 3 cities - Shanghai, Nanjing and Beijing.
So what is the Singapore Investor Global Programme? Well if you are foreigner and want a Singapore PR real quick for family and you, you can invest in one of 12 fund, one of which is Ms Lim's husband's fund.
Every Chinaman with half a brain know the value of quanxi. So which fund you will think they ill pick. And by word of mouth, one can advertise who Andy is or more importably who Andy is.
This is like Ho Bee chief who is also a CCC chairman developed Sentosa Cove which also gave foreigner buyers access to PR under a similar programme.
Here is another tidbit - the rating agency that selects the funds under this scheme is Mercer. The same Mercer that was paid $860K to review the Salary of our Politicians after the 2011 GE. And they still ended up with the same highest paid Ministers in the World.
Mind you all these things are legal but the fact that they have to leach from the public institutions and cannot make it on their own is disgraceful.
When I saw it on TV the first thing to come to mind was that this bastards instead of fixing the CPF and get it right are now looking for income opportunities for their family and cronies.
Lim Hwee Hua, Singapore first female cabinet minister who lost her seat in Aljunied is married to Andy Lim. He is the founder and partner of Tembusu Partner Private Ltd, a private equity. An approved fund under the Singapore Investor Global Programme. Outside Singapore, they have office in only these 3 cities - Shanghai, Nanjing and Beijing.
So what is the Singapore Investor Global Programme? Well if you are foreigner and want a Singapore PR real quick for family and you, you can invest in one of 12 fund, one of which is Ms Lim's husband's fund.
Every Chinaman with half a brain know the value of quanxi. So which fund you will think they ill pick. And by word of mouth, one can advertise who Andy is or more importably who Andy is.
This is like Ho Bee chief who is also a CCC chairman developed Sentosa Cove which also gave foreigner buyers access to PR under a similar programme.
Here is another tidbit - the rating agency that selects the funds under this scheme is Mercer. The same Mercer that was paid $860K to review the Salary of our Politicians after the 2011 GE. And they still ended up with the same highest paid Ministers in the World.
Mind you all these things are legal but the fact that they have to leach from the public institutions and cannot make it on their own is disgraceful.
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