International Business & Economy SATIRE: Singaporeans react to AGO findings of MINDEF $50 million investments on...

SATIRE: Singaporeans react to AGO findings of MINDEF $50 million investments on American properties




- Advertisement -

By: Chen Guojun

“Last January, Mindef invested S$50.26 million in a United States Real Estate Investment Trust exchange-traded fund (US REIT ETF) without proper approval by the SAVER-Premium Fund’s Board of Trustees. The ministry only sought approval from the then Director of Defence Finance.” (source:

These thoughts may have entered your mind at some point in time after reading that news:

“So Mindef is now an investment company? That explains a lot.”

- Advertisement -

“This is the reason why contributions to NSFs cannot be measured in dollars and cents.”

“Serving two years for an investment company is a privilege that belongs to Singaporeans.”

“Mindef will now file a Protection from Harassment Act against the AGO! That will show him!”

“Cool! This means that NSFs get to stay in America housing!! FOR FREE!! Right?”

“Where did this 50 million come from, and who does it belong to? Nah nevermind, I don’t want to know….”

“This is a wise decision. Mindef understood that money spent on a safe haven overseas is better than buying weapons for the army.”

“Thank goodness Minister Khaw isn’t handling the deal. Otherwise they would find hairline cracks on the buildings, and have to send them for repair.”

“Temasek have investments. GIC have investments. NUS has investments. Mindef has investments. Is there any organisation in Singapore that doesn’t have investments?”

“This is a fabrication from the WP. Don’t believe it!”

“When Pokemon Go comes here, I wonder what should be my first pokemon?”Follow us on Social Media

Send in your scoops to 

- Advertisement -

Wheelchair-bound woman struggles getting in and out of home because of inconsiderate neighbours and no lift access

Singapore -- How does a wheelchair-bound woman move around when her HDB flat has no lift access? 43-year-old Coco and her 50-year-old husband have been living in an HDB apartment for 15 years, without a lift lobby on their floor. While this...

Prince Harry and Meghan Markle announce their first Netflix series

  The Duke and Duchess of Sussex's first project with Netflix will highlight one of the Duke's most passionate causes. Founded by Harry in 2014, the Invictus Games is the Paralympics-style competition for wounded service personnel and veterans. Harry and his wife Meghan...

S’pore to contribute S$27.7m to IMF for low-income countries coping with Covid-19, MPs show support

Singapore – Parliamentarians supported Singapore's US$20.57 million (S$27.7 million) contribution to the International Monetary Fund (IMF) initiatives to help the vulnerable and low-income countries cope with the Covid-19 pandemic. During a parliamentary sitting on Monday (Apr 5), members of Parliament (MPs) on...
Follow us on Social Media

Send in your scoops to