Singaporeans “ GROSS” domestic product
With our GDP growing, and with my limited understanding, I think this would translate into more jobs and wage increases, however I am seeing the reverse with Singaporeans instead, and could the cheap influx of foreign talents that flood these shores to drown out the wages of Singaporeans, be also enhancing the GDP? What benefits...
Only Singaporeans can own property in land-scarce Singapore
I refer to the article "Chinese buyers home in on Singapore" (TODAY Dec 29). As a Senior Citizen, I share the rightful concerns of younger Singaporeans over the two related issues of immigration and non-citizens (permanent residents and foreigners) being allowed to purchase property here. Our Government must manage...
Growing Consumer Debt among Singaporeans
"The recent big surge in housing loans and the growth of rollover balances raise the question of whether Singaporeans already facing one of the highest debt to income ratio in the world, have placed themselves in a precarious situation", Kuo How Nam, President - Credit Counselling Singapore (CCS), ST Forum 5 Jan 2011. Singaporeans...
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