Formula One – A Gold Mine or a Gold-digger
By Damon Yeo, Business Correspondent This time last year, Singapore was not in recession yet and every single ticket for the first ever night race in Formula One was sold as the nation was abuzz with the excitement generated by the inaugural Grand Prix. A year on, amidst the global financial crisis, the “crashgate” scandal...
The paradox of Singapore’s economic growth: Housing Component
By Abdul Gafoor, Social Correspondent Another paradox of Singapore’s economic growth is undeniably the housing component. A country that achieves continual economic growth, will see the prosperity extending to the housing sector hereby improving the lives of citizens. The higher incomes due to the economic growth will allow...
The paradox of Singapore’s economic growth: Time & Income
By Abdul Gafoor, Social Correspondent n a typical economic growth model, the assumption that is made about an economy that grows from a low income to a higher income is that the economic growth will bring along positive growth their real incomes and their leisure time. Part of the growth in leisure time (each day is divided...
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