Deal with the impending recession
Singapore is expected to enter into a recession. It is likely to be worse than projected by the finance minister, Heng Swee Keat. What can be done to deal with this challenge? I like to suggest the following steps. a) We must make sure that many workers continue to have jobs. It is inevitable that some workers will be retrenched...
Irresponsible that the PAP government allowed strategic Hyflux to fall into the hands of foreigners
Hyflux and its creditors can finally heave a sigh of relief. Under a deal with Utico (a utility company from the United Arab Emirates), Hyflux will give up an 88% stake to the latter in exchange for S$585 million. This would give it a much needed financial lifeline that will enable it to continue its operations. Tuaspring is...
Why progress stopped and what can we do about it?
As this article from the Asia Times by Joseph Nathan clearly shows Singapore was not the mythical fishing village when the PAP took over, nor was it poor nor disadvantaged. There may have been extreme inequality, with the majority living in kampongs or squalid living quarters, but it was a rich and bustling economy with all...
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