Will Lagarde Join Tharman in the Exclusive Club of Finance Ministers with Criminal Records?
In 2012 I discovered that the Finance Minister had pledged a US$ 4 billion loan commitment backed by our reserves to support a new lending facility for the IMF. This […]
AGO Report – Emblematic of the PAP’s “gasak buta” approach to financial discipline
Where I rain on your parade Singaporeans have been excited by the recent publication of the AGO report which seems to have uncovered some significant lapses. I am sorry to rain […]
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 […]
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% […]
Greece’s IMF Default Shows Clearly That the Finance Minister Misled Parliament and the People When He Claimed IMF Lending Carried No Risks
On 30 June 2015 Greece missed a payment of Euros 1.5 billion due to the International Monetary Fund. This was under a Euro 28 billion extended Stand-by Arrangement agreed between […]
Does the ASEAN Agreement on Free Movement of Labour Threaten Singaporean Jobs: Alex Au’s Views
A few days ago Alex Au put up a blog post entitled “ASEAN single market and the free movement of skilled labour”. He mentions my previous post on this subject, […]
What is the Real Surplus?
It appears that our Budget Cash Surplus has fallen off a cliff. The Budget Cash Surplus for FY2012, which was shown as $36.1 billion a year ago, is now stated […]
An Open Letter to the Minister of Finance
20 February 2014 An Open Letter to the Minister for Finance Mr. Tharman Shanmuguratnam Ministry of Finance 100 High Street #10-01 The Treasury Singapore 179434 Dear Minister, You recently called […]
MOF Tharman World Bank Bombshell
In October 2013 the Court of Appeal dismissed my argument that the PAP government’s US$4 billion line of credit to the IMF needed Parliamentary and Presidential approval as required under […]
The Ricebowl Singapore (TRS) 