TR EMERITUS

I clearly remember a picture in the ST of Malaysians leaving en masse at the Causeway, and our economy was left stranded as we had depended on foreigners to do the essential work. Today, not only have we gone back to the old ways but are doubling down. About two months ago, the government approved the employment of more foreign... 

This is the 2nd installment of my Eh, Goondu series. In her 24 Jun Facebook post, Ho Ching also touched on national reserves and past reserves. Just about everybody who has written or commented on national reserves, got it all wrong. President Ong Teng Cheong got it wrong. Ho Ching got it wrong. So did Kenneth Jeyaratnam, Leong... 

MAS made a staggering loss of S$30.8b in 22/23 due mainly to (a) S$21.4b translation loss of foreign assets which are primarily the foreign reserves, and (b) S$9b which is the carrying cost of the foreign reserves. There are those who understand it is the price MAS has to pay to stay the course to minimise the import of foreign...