Are Singaporeans swimming in boiling water?
Recently, there were 2 reports - one from Prudential Insurance and another from OCBC Bank - that make for some very insightful reading. In the report commissioned by Prudential, it was revealed that Singaporeans are living longer lives on average, even longer than the Japanese by 6 months. Yet, many Singaporeans will spend their...
Prepare for the future
It is very important for the government to address the problems of a possible recession to prepare for the future. The government has to make sure that our young people, especially the graduates, have meaningful jobs. We should not allow the talent and energy of our young people to be wasted. Here are the steps that can be taken. a)...
No ‘Get Out of Jail Free’ cards this time round
Coming right after the awful GDP figures for the second quarter (see Hey Lee Hsien Loong Dude, What’s the Plan?), the trade figures announced by Enterprise Singapore on 17 July were equally, if not more, shocking. Non-oil domestic exports (NODX) fell by 17.3% year-on-year in June, an acceleration from the 16.3% decline in...
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