Archive for the ‘Economy’ Category
Not Competitive At All

Not Competitive At All

One of the highlights of my working life in corporate insolvency came from a meeting which involved one of Singapore’s foremost insolvency and restructuring practitioners. I was part of a team bidding for a case that was being held up in the American courts and my employer felt that it was necessary to rope in a “brand”... 

The Incompetence Of The PAP 4G And Your Economic Insecurity

The Incompetence Of The PAP 4G And Your Economic Insecurity

Now You Know why the GE was called when it was called. A few days after the votes were counted, Singaporeans found out that the GDP had contracted by more than 41% in the 2nd quarter. And look at the appalling jobs figures released a short while ago! Number of workers, excluding foreign domestic maids, plunged by 121,800 in... 

How to cope with a reduced demand in the economy

How to cope with a reduced demand in the economy

I asked a question – how can the economy in Singapore deal with the drop in demand and keep the people employed. Here is my proposed solution. The government should pass a law to reduce the working hours by 30%. This will avoid a 30% fall in employment. The business will get a subsidy from the government to cover 30% of... 



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