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Archive for the ‘Economy’ Category
PAP Government Doesn’t Understand Economics

PAP Government Doesn’t Understand Economics

On November 27 the Public Service Division (PSD) announced that Singapore’s 85,000 civil servants will not receive any year-end bonus this year . This followed the cancellation of the mid-year bonus which was blamed on the economic fallout from the Coronavirus pandemic. This may sound like common sense to many Singaporeans... 

Digital payment

Digital payment

I wish to suggest how Singapore can implement digital payment more comprehensively. We must first recognize that there is already digital payment using the following channels: * payment by credit card * tapping of the RFID enabled credit card. * payment by bank transfers * Pay Now * e-wallets operated by several banks and non-bank... 

CBDC – central bank digital currency

CBDC – central bank digital currency

Some people are worried about a CBDC (central bank digital currency). They worry that the government can track how they spend the money - e.g. at places where they do not want other people to know. They are afraid of "loss of privacy". I find their fear to be exaggerated. If they think about the problem, they can find the solution. Here... 



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