How poor or how rich are Singaporeans?
Leong Sze Hian quoted some numbers from the MOM. Let me quote below: Median gross income of all employed residents (excluding employer CPF) is much lower? However, if you look at the Ministry of Manpower’s (MOM) Yearbook of Manpower Statistics 2016 – the median gross income of all employed residents (excluding employer...
Currency Valuations and Implications for Trade in Southeast Asia
Most consumers notice currency values, or exchange rates, when they travel abroad. One year you may find yourself feeling wealthy upon entering a foreign country, but the next year you may find yourself “shortchanged” at customs. How are these exchange rates set, and how do these rates impact trade within Southeast Asia? Currency...
How to ‘chiong’ when the general is paralysed behind the front line?
THE BACKLASH AGAINST globalisation has never been stronger, the oil and gas industry is in the doldrums and seems far from recovering, the adoption of clean energy is moving faster than anyone had anticipated, China is aggressively investing in infrastructure in Malaysia and beyond, and jobs are being rapidly lost to automation. These...
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