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Hi..!
Agree on VB. But given that he deserved marching orders and Ministers with better performance got the boot, VB's staying though demoted needs to be taken into account. Shanmugam may have brought in for Jayakumar but he catapulted from backbencher to Minister status and now with 2...
Not everyone is after money. He gets prestige and has a global pond to make an impact. And after his stint in IMF, he can be anywhere he wants. He will get more global respect and recognition that even the PM may be envious and make every singaporean feel proud .
Of coz it is another thing...
Remember some of the most respected names in Financial institutions have been trying to get Tharman. From the Asian Development Bank to the IMF.
give credit to the man when it is due
I think that's a brilliant question. In the Westminister system of cabinet collective decision making, the boundary lines are quite clear. The FM has all the responsibility of managing the finances of the country, but if there's a collective cabinet decision or the PM's decision to change the...
This conflict of interest is partially right. But MAS being both a regulator and a central bank, MAS and MoF have to be able to work together. By and large this arrangement has worked very well, since MAS has managed regulatory policy well. I would also think that in the times that we live in...
I think you have so much venom and toxicity inside you that reason won't permeate your consciousness.
I will just give you a hint and if your intelligence and interests gives you the freedom, you can find more details.
SWF in most countries (other than Middle east) are never managed by the...
BTW, Jaya didn't bring in Shanmugam. He was brought in directly by LHL. As I said in the original post, Shanmugam went through a marriage quickly to qualify. Just accept the fact that Indians can be smart. Shanmugam along with Bayi are the best lawyers in this part of the world. No one comes close.
I think you should know that the FM cannot interfere with GIC or Temasek. The FM doesn't manage national reserves.
The S$ is managed by MAS and not by the MoF.
I think you should get your facts right.
Well, heard this from the corridors of power late last night:
Indian Ministers are slowly getting into the inside circle of LHL, partly driven by their performance and their objectivity.
Tharman's case needs no substantiation. For someone who was indicted by the CPIB, his ascendancy to DPM...
VB is in an inconsequential Ministry and no one can screw it. This is actual a demotion, since he has been angling either the MOH or MOE for a long time.
No idea when TCH switched camps, but TCH has been LHL's advisor for quite some time. The suggestion to LHL to apologize was TCH's major contribution. GCT has been sidelines quite some time ago and his utterances and performance in this GE sealed his fate completely.