Does Singapore have a surplus of $2.2 billion or a structural surplus of $30 billion?
Does Singapore have a surplus of $2.2 billion or a structural surplus of $30 billion? It depends on the accounting treatment. This is my opinion. The SG govt adopts two unusual accounting methods. 1. Sale of land, mostly 99 year leases, are not taken as govt revenue. Instead, it disappears as transactions involving "past reserves". 2....
Dr Mahathir Mohammed has been voted out
Dr Mahathir Mohammed Dr Mahathir Mohammed has been voted out & even lost his deposit. This should send chills down People's Action Party Ministers, MPs & Prime Minister Lee Hsien Loong. Times have changed! Political challenge and competition is good and healthy for a proper functioning country and a democracy. Past few...
Absolutely no questions?
By now, I believe that almost all who are interested or care enough about our country must have read or heard that our sovereign wealth fund, Temasek has written down it entire investment of US$275 million or S$376 million in FTX. Those are real money, our collective hard-earned money and not some monopoly game money. I wonder...
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