ABSD Exemption Clause in Singapore’s FTAs
This has to take the cake for stating an unfavourable fact favourably. The Straits Times reported that Singapore residents (citizens and PRs) bought 99% of units sold at the Reserve Residences. Of the remaining 1%, “three are foreigners from the United States, who are subject to the same additional buyer’s stamp duty (ABSD)...
Working balls and the meaning of Meritocracy
One of the biggest points that gets raised in Singapore whenever there is a debate on the cost of living and wages, is the fact that Singapore is a proud meritocracy where people get promoted according to their abilities rather than their race, religion or gender. If you look at Singapore on the surface level, you’ll believe...
Why POFMA
Editor's note: This article is an verbatim excerpt of a longer article by the same author and can stand on its own without a change in meaning or context. The other part of the original article has also been scheduled for publication. In the 1980s, our first prime minister, Lee Kuan Yew had "trouble" with foreign publications...
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