Who actually benefits from our India and China Trade Agreements?
People have always wondered why is it seems easier for foreigners to get work visas or permits nowadays. The possible reason could be the trade agreements our leaders so eagerly signed on, to increase Singapore's Growth Domestic Product (which their bonuses and salary increments are tied to) without a thought for the negative...
Back to square one on our banking reform?
Due to the bright idea of some clown of a minister who believes that local banks have to merge and globalized to survive, DBS Bank took over control of POSB Bank in the late 1998. As one opposition leader put it, it was the mother of all bank ‘mergers’. So what was the result of this merger to POSB depositors? To rationalized...
Is the outlook for Singapore really that rosy?
I think the MIW must be having election nightmares of desperation. Economy recovery? I think they are desperate for the status quo of benign stability to hold between now and September. Europe is still wobbly. The financial rescue of Greece merely stalled a sudden collapse right on its edge. Anyone read a Spanish bank collapse...
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