Prof Lim clears up 2 misconceptions of earlier Economic Restructuring
Prof Lim Chong Yah Two misconceptions of ER I Permit me to clear up two fallacies on Economic Restructuring I (ER I), now euphemistically termed Shock Therapy I (1979-81). One is that some learned and responsible opinion claimed that ER I was not successful. Official statistics show that Singapore had an average of 6.4-per-cent...
Exploitation of low-wage migrant workers hurts Singaporeans’ interests
Here are five reasons why the exploitation of low-wage migrant workers hurts Singaporeans’ interests. Wages are depressed When employers get away with paying extremely low wages, or worse, promising low wages, but in actual fact paying even less than that through all sorts of illegal deductions, there is a general lowering...
The Incompetent Civil service
The Public Accounts Committee, in a report released today (12 Apr), has expressed concerns that lapses related to procurement and contract management in 6 ministries and their associated statutory boards. It said that lapses by government ministries would undermine the Government procurement principles of open and fair competition, transparency...
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