MAS’s $30.8b loss
MAS made a staggering loss of S$30.8b in 22/23 due mainly to (a) S$21.4b translation loss of foreign assets which are primarily the foreign reserves, and (b) S$9b which is the carrying cost of the foreign reserves. There are those who understand it is the price MAS has to pay to stay the course to minimise the import of foreign...
Paranoia over security protocols
Singapore businesses are too paranoid about security. They overdo their security protocols. They create unnecessary steps. They make life difficult for their customers and the public. The overloaded protocols also caused the platforms to behave erratically and to crash regularly. This has happened to our banks, commercial organizations...
Taking care of seniors in financial need
The headline of a news item said - Parents who abused, abandoned children will not be able to seek maintenance under changes to law. I did not read the details of the article. But I have, all along, held the view that it is a bad idea to force children to provide maintenance to their parents. It should be done voluntarily. Some...
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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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