Move Over Putin’s Russia! Lee Hsien Loong’s Singapore Should Be the King of the Economist’s Crony Capitalism Index
A few days ago the Economist updated its Crony Capitalism Index, for the first time since the newspaper brought it out in 2016. The intention of the index was to […]
Indranee Rajah Misleads Parliament by Falsely Claiming Singaporeans Will Be Protected from the GST Hike for 5 Years. Should She Be Referred to the Committee of Privileges?
In his New Year Message PM Lee Hsien Loong said that “the Government will have to start moving on the planned hike in Goods and Services Tax (GST) in Budget […]
In my last blog I satirized the fact that, instead of regular cash dividends from Singapore’s massive and secret pile of financial assets (which I estimated here could theoretically be […]
SoftBank Just Announced It Lost US$54 billion on its Chinese Investments. How Much Has Temasek Under Ho Ching Lost?
On Monday SoftBank, the Japanese technology investor, announced that its net asset value had fallen by the equivalent of US$54 billion in value in just three months, or more than […]
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 […]
The last week has brought a distinct feeling of deja vu. Firstly, we had the decision to close Yale-NUS, which was spun as economic but was clearly a political decision. […]
The last few days have seen a savage sell-off in Chinese tech stocks that has wiped hundreds of billions of dollars off their market capitalisation. The Hang Seng Technology Index […]
Yesterday I read the astonishing news that Temasek’s General Counsel, Pek Siok Lan, had apparently blown $5.5 m in a fraudulent nickel trading scam. This immediately raises several concerns. First […]
Shanmugam Says “Singapore Will Fail If Racism and Xenophobia Take Root” Directly Contradicting LKY’s Theory That Racial Superiority Was the Main Reason for Singapore’s Success
Singapore’s leaders were absolutely right to condemn the racist attack against an Indian Singaporean last week. LHL said on Facebook that the attack “goes against everything that our multiracial […]