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 […]
The MRT Disruptions Are Yet Another Dent in the PAP’s Reputation for Competence
The EW line between Jurong East and Boon Lay MRT stations has been out since Wednesday and service will not be restored till tomorrow nearly a week later. Even then […]
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 […]
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 […]
Singaporeans MAS’s $31 Billion Loss Should Concern You but the Lack of Spending Should Concern You More
A lot of Singaporeans are commenting on MAS’s $31 billion loss for FY 2022/2023. This loss was largely due to exchange losses on its holdings of foreign securities which would […]
Despite Dismal Trade Figures PAP Continue to Squeeze Singaporeans to Build Up the Stock of Foreign Reserves
Today Enterprise Singapore released the latest trade figures showing that non-oil domestic exports (NODX) declined on a seasonally adjusted month-on-month basis by nearly 15% while year-on-year exports declined by almost […]
Dear Lawrence Wong, Don’t Try to Scare Singaporeans by Talking Cock About Welfareism. Stop Lying and Shed Some Light on the Black Hole of the Government’s Finances and on Who Benefits From This Lack of Transparency
Lawrence Wong (LW) was doing what he does best: spreading disinformation and falsehoods in Parliament on Monday. He claimed that Singapore under the PAP would never succumb to populism and […]
The Ricebowl Singapore (TRS) 