- Joined
- Dec 30, 2010
- Messages
- 12,730
- Points
- 113
ST reported:
CPF MONIES ARE SAFE, SAYS MINISTRY
CPF monies are safe and backed by the full resources of the Singapore government, the Ministry of Finance has said. "CPF monies are invested in bonds that are issued and guaranteed by the Singapore Government. The full resources of the government are backing this guarantee that CPF monies will be paid back. The statement went on to say "there is no net government debt. Singapore is in fact a net creditor country, not a debtor country.
http://furrybrowndog.wordpress.com/2011/08/04/the-riddle-of-gics-performance-and-cpf-funds/
CPF MONIES ARE SAFE, SAYS MINISTRY
CPF monies are safe and backed by the full resources of the Singapore government, the Ministry of Finance has said. "CPF monies are invested in bonds that are issued and guaranteed by the Singapore Government. The full resources of the government are backing this guarantee that CPF monies will be paid back. The statement went on to say "there is no net government debt. Singapore is in fact a net creditor country, not a debtor country.
http://furrybrowndog.wordpress.com/2011/08/04/the-riddle-of-gics-performance-and-cpf-funds/
