Trump’s determined to take no s**t from China and that spells trouble for Singapore
Newspaper headlines have been dominated by Trump’s decision to take a congratulatory phone call from the President of Taiwan, Tsai Ing-wen. This has upended decades of US foreign policy consensus, which […]
Hungary is first off the mark in race to cut corporate taxes to zero. Will Singapore follow suit?
Before the election Trump promised to cut the US corporate rate to 15% and impose a special 10% tax rate on profits repatriated to the US by American corporations. The […]
Why a Trump victory may not be good for the PAP
Lee Hsien Loong was quick to send his congratulations to Donald Trump after his surprise win over Hillary Clinton. Well a surprise to him but I saw it coming. A […]
There Are Bigger Things to Worry About Than a Shrinking and Ageing Population
Yesterday Japan announced that its population had shrunk by nearly a million in the last half decade (see the NY Times article here) . The Ministry of Internal Affairs and […]
Are We Paying Too Much for Our Groceries?
Sheng Siong, one of Singapore’s big three food retailers, announced its fourth quarter and annual results for 2015 a few days ago. The dominant player is NTUC Fairprice, which has […]
Why Chris Kuan is wrong. Black hole in the government finances? No, just S$174 billion missing
An article concluding that there is no shortfall in the government’s statement of Assets and Liabilities has recently gone up on social media called “Black Holes in the Government Finances?”According to The […]
Plunging Exports Will Result in Many Years of Slow Growth Without a Change in Policy
In the light of the big drop in exports in January 2016 over the same month last year it is likely that growth for the final quarter of 2015 will […]
Is Your CPF At Risk if Stock Markets Fall Any Further?
You can read my refutation of Chris Kuan here: https://sonofadud.com/2016/02/24/why-chris-kuan-is-wrong-black-hole-in-the-government-finances-no-just-s174-billion-missing/ A few days ago I updated my very approximate calculations of how Temasek’s portfolio was likely to be performing since […]
Singapore’s High Ranking on the Heritage Foundation Index Has More to do with US Politics Than with How Free Singapore Actually Is
A few days ago the State Times published an article entitled “Singapore still 2nd freest economy in the world but gap with top-ranked Hong Kong widens“. The Heritage Foundation, a […]
Does the Fact That Job Vacancies Were More Than Job Seekers Mean We Should Not Be Worried?
Today MOM published its 2015 Job Vacancies Report. With the usual relentless positive spin, State media company Asia One reported that the number of job vacancies continued to exceed the […]
Temasek’s Portfolio is Probably Down 20% Already and the Chinese Stock Market Rout May Just Be Getting Started
Back in July last year I did some rather basic analysis of Temasek’s results for the year ended 31 March 2015 and for the performance of its portfolio since then […]
NOL: Another Case of Value Destruction by Our Natural Aristocracy
CMA CGM, a major global shipping company based in France, today announced that it had agreed to acquire Temasek’s 67% stake in NOL at a price of S$1.30 per […]
I Bet You Did Not Know This about Recession.
Regular readers of my scribblings will know that I have frequently drawn attention to the fact that Singapore has been on the verge of recession several times but only narrowly avoided […]
Beware of This Man! LHL Will Boost Singapore’s Population to 10 Million Once Global Growth Recovers
At his extraordinary pre-election broadcast moderated by civil servant Chan Heng Chee Lee Hsien Loong admitted what I have been saying now for years: the PAP have no economic plan […]
The PAP Government Risks a Deepening Slump Unless They Heed the Reform Party’s Advice and Implement Stimulus Measures We Advocated in 2014
New press release by the Reform Party: The advance estimate for GDP for the second quarter of 2015 came out yesterday. The numbers were much worse than analysts had expected […]
Will Mrs Lee Get a Huge Bonus on the Back of Temasek’s Results?
There was a palpable sense of self-congratulation in Temasek’s announcement of its latest results a few days ago. Taken at face value, Temasek’s latest results for the year to 31 […]
