PAP on past reserves: Drawdown = Conversion = No drawdown
DPM Tharman once told Parliament that drawing down past reserves was “in essence a conversion of past reserves from one form (financial assets) to another (state land), rather than a drawdown of reserves”. [ Link ] If Tharman had $10 million and he bought a $1 million car, would he tell his wife there was no withdrawal...
GST hike: Damned if they do, damned if they don’t
The government thought it was being clever in announcing the impending GST hike early. The calculus: by giving Singaporeans at least three years’ heads-up, they would have time to bite the bullet and brace themselves for a GST increase to 9%. But all of a sudden, Malaysia’s Barisan Nasional lost power after 61 years and...
Why Reformasi won’t happen here
TOC, TRE and all the usual places where cybernuts congregate are full of comments that change is coming here. like it did in M’sia, and the PAP is doomed. Taz a lot of “noise” and hot air because most of the 30% that die die must vote for any donkey or clown so long as said clown or donkey is anti-PAP are a bunch of...
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