Not Competitive At All
One of the highlights of my working life in corporate insolvency came from a meeting which involved one of Singapore’s foremost insolvency and restructuring practitioners. I was part of a team bidding for a case that was being held up in the American courts and my employer felt that it was necessary to rope in a “brand”...
The Incompetence Of The PAP 4G And Your Economic Insecurity
Now You Know why the GE was called when it was called. A few days after the votes were counted, Singaporeans found out that the GDP had contracted by more than 41% in the 2nd quarter. And look at the appalling jobs figures released a short while ago! Number of workers, excluding foreign domestic maids, plunged by 121,800 in...
How to cope with a reduced demand in the economy
I asked a question - how can the economy in Singapore deal with the drop in demand and keep the people employed. Here is my proposed solution. The government should pass a law to reduce the working hours by 30%. This will avoid a 30% fall in employment. The business will get a subsidy from the government to cover 30% of the...
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