MAS should issue the CBDC
I wish to put forward the reasons for MAS to issue the CBDC (central bank digital currency). I shall give the name eCash to the CBDC. I will also explain how it can operate. Why should MAS issue eCash? It will replace the issue of currency notes and coins (which I will describe collectively as "cash"). It is costly to issue...
PAP Government Doesn’t Understand Economics
On November 27 the Public Service Division (PSD) announced that Singapore’s 85,000 civil servants will not receive any year-end bonus this year . This followed the cancellation of the mid-year bonus which was blamed on the economic fallout from the Coronavirus pandemic. This may sound like common sense to many Singaporeans...
No bonus for civil servants but full pay for ministers?
NO BONUS FOR 85 000 CIVIL SERVANTS BUT FULL PAY FOR 18 CABINET MINISTERS. The Ministers only took a three-month pay cut earlier this year. It is in times of crisis that the true character of this PAP Government can be seen. “The Government will stand with Singaporeans during this trying time” indeed. “We are all in this...
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