Bidding of Motorcar COE
According to the news, the validity of motorcycle COEs has been reduced from 6 to 3 months and this will take effect almost immediately, in the next bidding exercise. This validity reduction coupled with the increase in bid deposit of some 2.4 times shows that the cost of living is indeed going up and motorcyclists who are in...
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 measure the percentage of the wealth of the billionaires who are citizens of the country concerned expressed as a percentage of that country’s GDP that comes from...
Singaporeans have been shortchanged because of the PAP‘s policy
Lim Tean said that the most urgent task is to stop the wealth transfer from citizens to the state. I cannot agree more with this. For example, HDB would build new BTO flats and sell them to Singaporeans at a discounted rate relative to the resale market prices. They consider this a ‘subsidy’, and a policy which Singaporeans...
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