Dear Lawrence Wong, Until You Provide Some Transparency Over the Reserves and the Surplus There’s No Reason to Believe Your Claims That the GST Hike Was Needed
Yesterday the PM defended the GST hikes in Parliament after Pritam Singh said they had “turbocharged” inflation. The GST hikes were generally quickly reflected in higher prices, given the oligopolistic […]
Is MAS’s Promise to Invest $5 Billion in Singapore-Listed Companies to Benefit the Local Stock Market or Friends of the PAP?
On Friday 21 February state media carried an announcement from MAS that it will launch a “new S$5 billion programme that involves putting money with fund managers focused on investing in […]
It’s Heartbreaking That Many Foreign Workers Have Inadequate Insurance for Cancer and Other Catastrophic Illnesses.However Budget 2025, Trumpeted by Lawrence Wong as Leaving No Singaporean Behind, Continues to Leave Many Singaporeans in the Same Boat
Today I read a heartbreaking account in state media mouthpiece CNA about foreign workers who keep quiet when they get early symptoms of life threatening illnesses such as cancer because […]
State Media Makes False Claims on the Rise in Real Median Household Income Yet No POFMA?
I was reading The State Times’s article from 13 February entitled “Singapore economy grows 4.4% in 2024, but growth seen slowing to 1% to 3% in 2025″ when I came […]
As the Supply of BTO Flats Ramps Up, Singaporeans Need to Ask Whether PAP’s HDB Policy Is in Fact a Thinly Disguised Swindle Designed to Transfer Their Wealth to the Reserves
Desmond Lee, whom I excoriated in my last post for claiming that the minority residents of West Coast GRC were well served by the remaining majority race MPs after Iswaran […]
Why the PAP’s Mercantilist Philosophy Aimed at Accumulating Reserves is Impoverishing Singaporeans
Recently an article appeared in the Wall Street Journal entitled “There’s a China-Shaped Hole in the Global Economy”. This drew attention to how China’s desire to restrict domestic consumption to […]
Should Singaporeans Draw Comfort from the AGO’s Reports?
While the Auditor-General’s Office (AGO) performs vital work in identifying irregularities and possible waste and fraud in the operations of the sprawling public sector in Singapore, what is more notable […]
Despite Lawrence Wong and LHL’s Boasts of Having Safeguarded Our More Than $3 Trillion Reserves for Vague Future Beneficiaries, Will This Be The Fate of Many Singaporeans?
I was shocked and saddened to read a few days ago in state media mouthpiece, AsiaOne, about the case of a Grab driver, 59 years old, who had collapsed and […]
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 […]
The Ricebowl Singapore (TRS) 