Archive for the ‘Economy’ Category
Will a digital banking license necessarily make things better for the consumer masses?

Will a digital banking license necessarily make things better for the consumer masses?

Digibank. It is the old vs the new, our local big three (DBS Bank, OCBC and UOB) and a consortium of corporate players who writ large in the cyber world. Vikram Khanna today wrote an illuminating article on it entitled: “The coming banking battles” in the Straits Times. The clash may therefore involves some Schumpeterian... 

A job quality index would give the true underemployment situation

A job quality index would give the true underemployment situation

Anyone who has learned Economics 101 knows the Philipps Curve. It’s about the relationship between inflation and unemployment. Western central banks have been applying this theory to their economic thinking. In the US, this relationship no longer applies. This is because by a new index named the Jobs Quality Index (JQI), the... 

Rather than invoke POFMA, wouldn’t it be better if MOM can come out and clarify?

Rather than invoke POFMA, wouldn’t it be better if MOM can come out and clarify?

In the recent POFMA episode directed at SDP, the government claims there are factual errors on the SDP’s part as it states that the number of local PMET’s has been increasing not decreasing. But let’s drill down a little into that blanket surface claim. As of end 2018, Singapore demographic data states that there was... 



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