MAS is only the manager of SG foreign reserves, not owner
The writer, Kenneth Jeyaretnam, wrote that MAS (Monetary Authority of Singapore) is merely the manager of the official foreign reserves on behalf of the government and not the owner of the reserves. He is correct. This position is similar to saying Central Banks manage assets on behalf of the government. For all intent and purpose...
Rise in social friction with more public quarrels or fights
With 5.2 million people living on a 700 sq km island, Singaporeans are feeling the pressure. AS the pressures of life in Singapore go up, people’s tempers seem to get shorter. Law-and-order Singapore is experiencing a rise in social friction with more people involved in quarrels and fights on its overcrowded streets. Society...
Time to review subsidies for the poor in nursing homes
Leong Sze Hian I refer to reports that about half of the 110 patients in a home for the elderly had defaulted on their payments, which range from about one to two months. If about half of the patients are in default in one nursing home, how many in total are in default in Singapore? According to the Ministry of Health ...
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