TR EMERITUS

Goodies are generously being handed out with this year’s budget. Goodies for the young and old, for millennials and merdeka generation. Is this an election budget? The odds and signals certainly point in that direction. Amidst all the handouts, it’s easy to lose sight of the elephant in the room – the impending Goods and... 

So, first impressions on the budget… Does little to nothing but reveals much. Let’s start with workfare “benefiting” 440,000. Really? What this shows is the government allows employers to pay workers below the cost of living and is then stepping in with public funds to cover the difference for a massive 20% of the workforce... 

Dr Tan Cheng Bock recently asked, “What’s happening to our reserves? Are our reserves all gone?” He will not get any answers because one of the country’s most closely guarded secrets is the nature and extent of the reserves. Even President Ong Teng Cheong came across a brickwall when he tried to find out about the reserves....