The No-Growth Economy and the Bankruptcy of the PAP Economic Model
On Thursday 14 October The States Times published a synopsis of the Ministry of Trade and Industry’s (MTI) release of the advance estimates of GDP growth in the third quarter […]
Bombshell! Heng Confirms What I’ve Always Suspected: The Government Is Hiding Most of the Reserves from Singaporeans
In his interview with CNA on Wednesday Finance Minister and Seatwarmer-in-Waiting Heng said that Singapore’s financial position will be “a lot weaker in the coming years.” In my last blog […]
Why Heng Must Self Issue Himself and His Subordinate Indranee Rajah with a POFMA
Today in a Facebook post Indranee Rajah, Second Minister for Finance (why do we need not one but two Second Ministers? just another example of the Government’s bloated bureaucracy), claimed […]
Excessive and Disguised Government Saving Has Harmed Singaporeans for Decades. It’s Long Past Time We Demanded and Got Transparency on the Reserves.
I have just seen an article by Manu Bhaskaran and Linda Lim (BL) from a couple of days ago. This article summarises many of the themes and ideas in my […]
Singaporeans Should Not Just Worry About Their Jobs. Courtesy of the PAP, Their Supposedly Safe Savings Are At Risk Too
With European equity markets down over 40% and US markets down over 35% Singaporeans must be wondering what has happened to our reserves. LKY always claimed that Singapore’s success was […]
Why Temasek? As a Vehicle to Allow the Lees to Secretly Extract Money?
Temasek’s results were announced on 9 July and they were not a pretty picture. While the Board claimed a 1.5% return for the year to 31 March 2019 this was […]
Singapore Does Badly in World Bank Report on Wealth of Nations
Just as you would not be able to judge the financial soundness of a company by looking at its income statement but would need to see its balance sheet (and […]
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 […]
Keeping It Under Your Hat -The Panama Papers
The Panama Papers is a massive leak of files from the Panamanian law firm Mossack Fonseca, engineered by the International Consortium of Investigative Journalists.(ICIJ) Names and identities released so far include, like the proverbial bad […]