TR EMERITUS

Just as you would not be able to judge the financial soundness of a company by looking at its income statement but would need to see its balance sheet (and cashflow) as well, so using GDP to measure how well a country is doing also has major flaws. In fact GDP is worse because whereas the income statement for a company is meant... 

Two major biz trade groups are publicly very unhappy with Heng’s Industry Transformation Maps. Looks like bizmen and corporate executives don’t think much of the Industry Transformation Maps (ITMs), drawn up by Finance Minister Heng Swee Keat’s  Committee on the Future Economy (CFE) The ITMs, which make up one of the... 

Tan Kin Lian Most of our ministers and top civil servants are quite myopic and narrow in their thinking. They follow the practices adopted a few decades ago, and often do not review how these practices should be changed. One example is the ban on musical instruments on procession for Thaipusam. A second example is the double...