
China will sell USD
President Xi has instructed the state banks to sell the USD. This is to help strengthen the yuan, which has dropped significantly against the USD. There is a longer term implication. When China sells the USD, many speculators will jump into the bandwagon and dump the USD. This may cause the USD to collapse. Remember, American...

Singapore continues to be plagued by a government that leeches itself on the economy
I’ve said it many times before and I’ll say it again: Singapore continues to be plagued by a government that leeches itself on the economy, sucking the lifeblood out of the workforce. Now, having opened Orange & Teal (O&T), I can speak from first-hand experience how the People’s Action Party (PAP) continues this...

Is Singapore a democratic and egalitarian society?
Mr S.W. Yoong Is Singapore a democratic and egalitarian society? The answer may be an intriguing one especially with government tongue-in-cheek. I come from a very humble beginning and could only manage to receive basic education. Tertiary education was only meant for scholarship holders and scions of affluent families. I joined...
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