The Enigma Of Singapore National Reserves At GIC
Singapore is well governed with a few bogeymen. The national reserves is one of them. The sum total of Singapore's national reserves held by GIC (Government Investment Corpn) is a tightly kept secret of the Singapore government. If the numbers are published, somehow the whole country will come tumbling down. The official explainer...
MAS Amendment Bill will make Singapore hold highest public debt in the world
Mark my word. Singapore will soon hold the highest public debt in the world. But it's not what you think. MAS and price stability : One of the main responsibility of MAS is to maintain price stability in the country. Instead of managing the prices of each product and service, MAS does this by focusing on one single price - the...
GST increases coincide with increase in social spending?
Whenever GST increase: More Budget surpluses despite the reason to raise GST because of expected increases in social spending? The primary reason for raising GST in 2007, 2004, 2003 and 1997 (introduced), has always been to increase revenue due to expected increases in social spending. So, I was curious and asked myself the...
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