Dr Ng in 2007 in Parliament : GIC did not use CPF monies

[Confuseous]

However, thanks to a revelation from prominent blogger Leong Sze Hian [Link], we now know that 7 years ago in 2007, then Manpower Minister Dr Ng Eng Hen, who was in-charge of MOM from 2004 to 2008, told opposition MP Low Thia Khiang that GIC did not use money derived from CPF to invest (CPFB comes under MOM).

Dr Ng told this to Mr Low in a Parliamentary sitting on 19 Sep 2007....http://www.tremeritus.com/2014/07/27/dr-ng-in-2007-gic-did-not-use-cpf-monies/

 

[Pizza]

So what is the final answer?

use or no use?

 

[xingguy]

So what is the final answer?

use or no use?

Where do they get the fund for GIC/Temasek to invest?
Borrow from another bank/country??
Print more money??

What do you u think?

When I was a little boy my grandma, who was illiterate, taught me how to tell if some people are lying. Truth is immutable: persons A and B may live in totally different eras but what they say about a certain truth is the same.

Tharman now (2014) says that the government does indeed use CPF funds for investment.

However in 2007, Dr Ng said the opposite. [see the article referenced by the following link: http://www.tremeritus.com/2014/07/27/dr-ng-in-2007-gic-did-not-use-cpf-monies/]

The two of them together CANNOT be telling the truth.

 

[palden]

Policy shift la. If not shift, I worry.

However, thanks to a revelation from prominent blogger Leong Sze Hian [Link], we now know that 7 years ago in 2007, then Manpower Minister Dr Ng Eng Hen, who was in-charge of MOM from 2004 to 2008, told opposition MP Low Thia Khiang that GIC did not use money derived from CPF to invest (CPFB comes under MOM).

Dr Ng told this to Mr Low in a Parliamentary sitting on 19 Sep 2007....http://www.tremeritus.com/2014/07/27/dr-ng-in-2007-gic-did-not-use-cpf-monies/