The Recent Labour Market Report Shows the PAP Are Reverting to Growing the Economy the Only Way They Know How: by Creating Lots of Low Skilled Jobs for Non Residents
Today MOM released its Q2 labour market report. Of course its tone was relentlessly upbeat meant to beguile Singaporeans into believing that the PAP are doing a good job of […]
Why PAP Cries of Shame and Nativism Are Disingenuous
View Post I’m writing this in response to the recent controversy that has erupted following Lim Tean’s comments on a Vietnamese girl’s post and the attempt by the PAP to […]
Don’t Be Fooled by Shan’s Fallacious and Disingenuous Rant Against The Economist
About a mpnth ago Shanmugam went on a rant against The Economist in response to a very mildly critical article published by their Banyan correspondent. While generally adulatory and undeservedly […]
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 […]
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 […]
Is a Realistic Measure of the Size of Singapore’s Economy Only About Half What the PAP Government Says It Is?
I remember discussing Singapore’s development strategy with my Economics Director of Studies at Cambridge University, Professor Ajit Singh, in 1983. He said Singapore had pursued a similar strategy to Ireland, […]
Singapore is Reeling from the Latest Money Laundering Revelations
If you’ve been reading my blog you will know that Singapore’s blasé attitude towards abiding by legal norms and processes is a theme of mine. You may remember the Panama […]
The Ricebowl Singapore (TRS) 