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 […]
It’s Back to the 1970s as Lee Hsien Loong Demonstrates Nothing Has Changed
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. […]
Why Is Temasek So Massively Overexposed to Chinese Regulatory and Market Risk?
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 […]
Why the Greedy Gullibility of Temasek’s General Counsel Should Ring Alarm Bells
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 […]
Dear British People, Don’t Be Fooled Into Trading Civil Liberties for an Illusion of Prosperity
Dear British People Your Government is rushing through its new Police, Crime, Sentencing and Courts Bill 2021 which imposes new conditions on your rights to freedom of expression and assembly. […]
Heng’s Desperate Attempts To Deceive Singaporeans End Up Revealing Enormous True Size of the Reserves
During the Budget Debate on Friday 26 February Heng was asked about using the proceeds from land sales in the Budget. His answer was deliberately disingenuous: “The current approach of […]
Budget 2021- Not Enough Stimulus in FY2020, Premature Withdrawal of Aid in FY 2021 and Not Enough Help for Singaporeans
FOR IMMEDIATE RELEASE Inadequate Stimulus in FY2020 In my last blog post, written just before the Budget presentation, I pointed out that the economy had suffered as a […]
Well Done GIC for Investing in DoorDash ! Too Bad for CPF Holders Who Don’t Get to Share the Profits
Two days ago the US online food delivery company DoorDash debuted on the New York Stock Exchange and its shares popped by 86% though today they have come off nearly […]
The Ricebowl Singapore (TRS) 