Worries over sluggish Singapore economy
Singapore’s GDP this year may grow by only 1.5 percent or less, following a weaker-than-expected performance in Q3, reported The Business Times. According to the Ministry of Trade and Industry (MTI), GDP growth dropped to the bottom range of its previous forecast of 1.5 to 2.5 percent. If weak results in externally-oriented...
KJ: Why the need to appeal against IMF Loan Judgement
On 22 October 2012 Justice Tan Meng Lee decided to dismiss my application to have Singapore’s $5 billion loan commitment to the IMF quashed on the grounds that it violated Article 144 of the Constitution. The learned judge chose to rule that Article 144 did not apply to a loan commitment. On this I believe we have good grounds...
Becoming World’s Richest, At What Cost?
I recently read an article on CNBC stating that Singapore will be the world’s richest country by 2050. Of course this study was based on some valid economic values such as per capita GDP and purchasing power parity and taking into consideration exchange rates…and some not so valid ones like why yacht sales are coming down. But...
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