Import of electronics to Singapore and rest of Asean
The 2017 GDP growth of 3.5% was dismissed by anti-PAP types (nutty and sane) saying it’s mainly due to electronics which doesn’t employ many S’poreans because it’s a capital intensive industry. And it gave them the opportunity to diss the focus on GDP growth. True but it’s mainstay of the our economic growth, despite...
Why Singapore’s fintech ambitions won’t go far
Too much wishful thinking combined with motherhood BS from the authorities. The head of Singapore’s central bank said on Monday he hoped the technologies underpinning cryptocurrencies such as blockchain would not be undermined by an eventual crash in the digital money. [ LINK ] And Menon added that he would not rule out the...
PAP’s transfer of state assets at lelong prices enabled Temasek to achieve high historical returns
Temasek’s high return claims may be factual. This is because it has paid for state assets from the PAP government at lelong prices. On such asset transferred to Temasek was Post Office Savings Bank (POSB). POSB became a statutory board in 1971. Public resources in the hundreds of millions or billions must have been...
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