MAS’s $30.8 billion loss goes un-noticed by IB followers
To za tobą, Michael (it’s behind you). MAS' losS of $30.8b is an internationally explosive news item but it does not catch Critical Spectator’s (CS) attention. Or is it because it has no propaganda value for PAP? Is there a reason to wait till Jul 3 to discuss Ridoutgate in Parliament at about same time 2 days later that...
Spike of 3,000% in energy prices in Singapore
This Yahoo article stated that the energy prices in Singapore jumped 3,000%. I give my views of the underlying cause. Singapore liberalized its energy market in 1995. The Public Utilities Board corporatized its electricity and piped gas undertakings. Some of these entitles were later sold to foreign energy companies. By liberalizing...
ABSD Exemption Clause in Singapore’s FTAs
This has to take the cake for stating an unfavourable fact favourably. The Straits Times reported that Singapore residents (citizens and PRs) bought 99% of units sold at the Reserve Residences. Of the remaining 1%, “three are foreigners from the United States, who are subject to the same additional buyer’s stamp duty (ABSD)...
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