Monday, December 03, 2007

Sinking Funds of Town Councils

The government has announced the following measures:

1. Town councils can invest in non-government investment vehicles up to a cap of 35 percent
2. The aim is to strike a balance between getting a good return and not taking unnecessary risks.

Inflation hit a 16-year high recently at 3.6 percent and is expected to hit 4.5 or 5 percent next year. Government bonds and short-term fixed deposits give a return of around 1.5 to 3 percent which is lower than the returns from riskier market investments.
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1 comment:

wizardl74 said...

These announcements confirmed an uncomfortable trend in Singapore and a number of companies listed on SGX :

spending time, effort and monies (our monies?) on non-core competency areas.

What do you expect an estate management organization to have as their priority duty?
Are estate managers better in investing than in estate management? Then why are they estate managers in the first place?

Did I miss something?

December 23, 2007 12:44 AM

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