MM Lee’s misplaced “optimism” about Russia
OPINION Following MM Lee Kuan Yew's visit to Russia last week, the state media has been singing praises about Russia's potential and touting it as a future destination for Singapore's investments after China. It is little wonder as Singapore journalists are not paid for their ability to think, but rather to spin stories at the...
The New Kallang Sports Hub – To Be or Not to Be (Built)
By Damon Yeo, Business Correspondent I wasn’t there at the Kallang National Stadium on 30 June 2007, when a grand “farewell” party was held for the beloved stadium. I can imagine that it was probably quite a night for the 45,000 paying attendees. It was day of festivities for those who bothered to turn up for the entire...
Why peg prices of new HDB flats to market rates?
By Ng Kok Lim I refer to your letter "Why we peg to market rates" to Today dated 25 Sept 2009. (read letter here) You wrote that the HDB incurred an average deficit of $1,045 million a year on home ownership programmes. However, if we refer to Page120 of HDB's 2008 annual report, $625,102 was spent on "upgrading, improvements...
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