S’pore cranks up social spending in policy rethink
[The following is published with permission from The Wall Street Journal.] Prime Minister Lee Hsien Loong announced that the government will expand one of its national health insurance plans to ensure universal and lifetime coverage. Above, the emergency unit of the National University of Singapore Hospital. Singapore Prime...
Property bubble bursts in the Netherlands
The once-model Dutch economy is 'now underwater economically'. (15 Aug) - Maureen Wachtels is trying to relax by making a Victoria sponge in her small but pristine central Rotterdam flat. For a few moments, the whole process of sifting, mixing and baking helps take her mind off her personal plight. Not only has she lost...
SG’s workforce hit by move away from foreign labour
Companies have to pay higher levies for lower-skilled foreign employees under a new Singapore government policy. Photo: Bloomberg (18 Aug) - Singapore's move to reduce its reliance on imported workers following a backlash is spurring change in the makeup of its workforce. Tony Cousens spent more than S$100,000 (HK$610,094) to...
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