High COE prices
The latest COE bidding results are out and both category B and category E have breached the $100,000 mark. Are they newsworthy? My answer is no. Why? Let me explain. Anybody who is observant enough will notice that we are seeing more and more luxurious sedans such as Bentleys and Roll Royces etc on our roads these days. They...
Two major crisis at one go
I predict: If the Ukraine war didn't stop by July 2022, we will face TWO Major crisis at one go ...Acute Food Crisis and Energy Crisis starting from Sept 2022. This will be the very first time since WWII the world will face two Major crisis at the same time. Ukraine will not be able to have any export of its autumn harvest (if...
Subsidy for grain farmers in China
The China govt is setting aside US $1.5 billion to help grain farmers to offset their production cost and higher prices for commodities, so that they can continue to grow their grains. Someone said that there are 600 million farmers in China. So the subsidy works out to $2.50 per farmer, which is insufficient. I searched the...
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