While Singaporean Pundits May Fixate on the Unexpected Fall in NODX, the Real Story is the Alarming Long Term Drop in Consumption and Rise in Net Exports as a Percentage of GDP
Enterprise Singapore recently published data showing a year-on-year decline in Non-Oil Domestic Exports (NODX) of 20.7% in March, which was significantly worse than most economists expected. This was made worse […]
Shouldn’t MTI Receive a POFMA for Their Misleading Presentation of Growth Statistics? Growth is Slowing Down Not Speeding Up
On Friday 12 April the Ministry of Trade and Industry (MTI) put out a press release headlined “Singapore’s GDP Grew by 2.7 Per Cent in the First Quarterof 2024″. The […]
In Surprise Announcement LHL Fires the Starting Pistol for the Next Election But State Media Make Sure PAP Are the Only Ones Running
Today PM Lee announced that he was stepping down and handing the reins of power, at least in public though like his dad he will no doubt be pulling the […]
“Keep Asking Yourself: Does this Deal Make Any Sense?”
I have been reading recently about the trial in the US of Mike Lynch, the founder of Autonomy, a once high-flying software company that was at one time tipped as […]
In Its Haste to Correct Leong Mun Wai, MSF Is Deliberately Disingenuous and Furthermore Releases Confidential Information Without Consent
Recently the MInistry of Social and Family Development (MSF) issued a POFMA Correction Notice against Leong Mun Wai (LMW) over a Facebook post he had put up about an older […]
Can SLA Explain the Huge Discrepancy Between the Auction Results for 41 Malcolm Road and What They Are Charging for 26 and 31 Ridout Road?
CORRECTION NOTICE: This article contains a false statement of fact. For the correct facts, click here: https://www.gov.sg/article/factually180224 Whenever I bring up the absurdly low rents paid by Shanmugam and Balakrishnan for their […]
Dear PM Lee, Don’t Shed Crocodile Tears About Singaporeans Having Too Few Children
In your CNY message, you express the hope more Singaporeans will try for a baby in the Year of the Dragon. You note that TFR rates have been declining in […]
Is DBS’s Fantastic Profitability Due to Its CEO’s Ability or Its Dominant Share of Its (Protected) Home Market and Its Gouging of Singaporean Consumers?
Today DBS announced that its net profit for 2023 rose 26% to $10.3 billion and its return on equity rose to 18%. CEO Piyush Gupta and DBS management awarded themselves […]
Leong Mun Wai Famously Described PSP to Me as PAP. Now It Seems He’s Shamelessly Turning It into Reform Party
Back in 2020 I held a Zoom meeting with Dr Tan Cheng Bock (TCB) from PSP. Also on the call was Leong Mun Wai (LMW). Together with me representing Reform […]