PAP’s hype and marketing to the world is falling apart
Singapore is brilliant at self-promotion, says an Australian analyst, but it is no financial dynamo. Much of the world has been deluded by its hollow roars of success. Singapore, the modern city-state known for its authoritarian ways and conservative government, has a reputation for functional efficiency and capitalist success. The...
SMRT’s Pay More, No Choice but to Work More Scheme
On 18 May 2012, the SMRT announced a 35% pay rise for new Singaporean bus drivers, bringing their monthly basic pay to $1600. This move was applauded by Ong Ye Kung, the National Transport Workers’ Union executive secretary. What both the SMRT and Ong Ye Kung neglected to mention, however, was that the pay rise comes with…...
The Abysmal Singapore, Temasek, and GIC Balance Sheet
Last Thursday, we analyzed the Singapore balance sheets for 2009 and 2011 arriving at an implied valuation for GIC. What really causes concern is that despite claims Temasek grew at 22% annually, Singapore Inc. managed only $30 billion SGD of net asset growth. The growth in assets on the Singapore, Inc. balance sheet...
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- Caoliangoh on Pakistan to nuke Israel if…
- Pandora’s box on Iran’s ‘Terrifying’ New Arsenal Brings Israel To Its Knees
- Liar on Pakistan to nuke Israel if…
- unprovoked aggression on Iran’s ‘Terrifying’ New Arsenal Brings Israel To Its Knees
- PAP mandate strong on Pakistan to nuke Israel if…
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