Amazing capital idea from PAP Government
If ever there is a Capital Idea of The Year Award, the person or persons behind the idea of the new hawker training centre is easily the winner by a mile. In fact, it could easily take the first prize for Capital Idea of The Decade Award. However, Capital Idea of The Century Award goes to the idea of outsourcing enormous...
Singapore, Inc.: Just When You Thought it Couldn’t Get Any Worse
This past weekend, I had the pleasure of meeting with Kenneth Jeyaretnam, the Secretary General of the Reform Party, who wanted to better understand exactly what I was claiming about Singaporean public finances and the factual basis for such claims. A former banker and hedge fund manager, he has spent his professional life analyzing...
SMRT’s Pay More, No Choice but to Work More Scheme
On 18 May 2012, the SMRT announced a 35% pay rise for new Singaporean bus drivers, bringing their monthly basic pay to $1600. This move was applauded by Ong Ye Kung, the National Transport Workers’ Union executive secretary. What both the SMRT and Ong Ye Kung neglected to mention, however, was that the pay rise comes with…...
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