Trading Outage Damages Singapore Stock Exchange Reputation.
I have repeatedly pointed out over the last five years that lack of competition and monopoly in political life has the same dire consequences that it has in business. Today […]
Budget 2016: Stuck in a Car in the Fog. Who to Ask for Directions?
Since 2012 I have pointed out, repeatedly, that the Singapore Budget presentation gives a deeply misleading picture of the Government’s finances. I have written innumerable times on how the Budget does […]
Changing Austerity For Prosperity
Budget Day, which has been postponed to March 24 this year without a reason being given (perhaps to coincide with the anniversary of LKY’s death) will soon be upon us. The […]
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 […]
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 […]
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 […]
No idea what to do? Talk about the long-term instead
On the first day of CNY Lee Hsien Loong was up early and distributing mandarins and red packets to the Changi Airport workers unfortunate enough to be working on a […]
Does PM Lee’s convincing win in AMK make it impossible for him to claim damages from Roy Ngerng, Reform Party candidate?
Before GE 2015 I was saying with regard to Mr Lee’s defamation case against blogger Roy Ngerng (the PM took Roy to Court in his personal capacity as Mr Lee) […]
Show Us The Money or the Funny World of PAP Accounting
At the NUSS dialogue on Tuesday I tried to grill the PAP representative on why there were so many discrepancies in the Government’s accounts. More specifically, I honed in on […]
The Only Direction Lee Hsien Loong Will Take Singapore is Backwards
As Lee Hsien Loong today introduced his new candidates for Ang Mo Kio with the words, “We’re looking for a new team to take Singapore forward”, my first thought was I […]
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 […]
Why Do the Greeks Resoundingly Reject Austerity Yet Singaporeans Embrace It?
On Sunday Greece’s voters overwhelmingly rejected the latest terms offered to them by their Eurozone creditors for rescheduling their huge debt mountain. With Greece’s debt to GDP ratio at 170% […]
Has Lee Hsien Loong been damaged in his private capacity? More importantly has he damaged Singapore as the PM?
Lee Hsien Loong and his lawyers were in court today at the beginning of the hearing to determine what damages Roy Ngerng had to pay him (see the report from […]
Singaporeans Would Be Much Angrier If They Knew How Much SingTel’s CEO Was Really Getting
Many Singaporeans, particularly Singtel customers, at the pay raise given to Ms Chua Sock Koong, the CEO. Today Online, owned by fellow Temasek subsidiary, Mediacorp, reported that according to the […]
An Open Letter to the Minister of Finance Concerning the National Productivity Fund
18A Smith Street Singapore 058932 14 May 2015 Tharman Shanmuguratnam Deputy Prime Minister & Minister of Finance Ministry of Finance 100 High Street #10-01 The Treasury Singapore 179434 Dear Minister, […]
Will the Taxpayer End Up Subsidizing Ho Ching’s Bonus?
In Budget 2015 the Finance Minister allocated $3 billion towards the construction of the new Terminal 5 at Changi Airport. He stated that he would be setting up a new […]
