Do we have double-digit citizen unemployment?
Since the 1997 Asian Financial crisis, critics of the ruling PAP (People’s Action Party) regime were unhappy with the resident unemployment rate. This rate combined citizens and SPRs (permanent residents). In Jan 2008, the Ministry of Manpower published a report Employment of Singapore Citizens, Permanent Residents and Foreigners,...
Executive Condo for the wrong purpose?
Recently, I was enquiring on the price for an EC in Pongol. The largest floor area cost about $650/Sqft which comes out to be approx 900K +. Then I understand that the household income cap is 10K in order to be eligible for the purchase.... That doesn't make any sense right? How the hell can someone afford an EC of 900K with...
The global economy is doomed to implosion
The global economy is doomed to implosion, and here are four charts which explain why. Though the complexities may appear endless, the global economy's coming implosion is really fairly easy to understand: here are four charts which do the heavy lifting. It boils down to these basics: 1. When money is dear and difficult to borrow,...
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