SG & HK economies most at risk of Fed rate hike
(12 May) The wealthy economies of Singapore and Hong Kong are perhaps not the first that analysts associate with instability, but according to international research house Capital Economics, they're the ones most likely to be burned by U.S. Federal Reserve rate hikes. Most analysts expect the Fed will raise interest rates...
Explosion of riches
Shoppers outside luxury retail stores in a shopping mall along Singapore's Orchard Road, the city-state's largest commercial area. The sale of luxury goods in Singapore is expected to reach $2.7 billion this year, while the Asia-Pacific region is set to drive the world's luxury market for the foreseeable future....
SDP: The PAP’s biggest failure
In 2008, Mr Lee Kuan Yew told the media that “without [foreigners], the jobs will not be there to begin with.” Prime Minister Lee Hsien Loong reiterated this view in 2011: “Without the foreign workers, we would not have attracted [investments].” The irony is that these statements are the gravest indictment of the PAP's...
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