Amendments to the Elected Presidency, how PAP stop at nothing to avoid checks and balance on itself
Mandate from the people to carry out the President's duties, but does anyone really believe in all that? The whole narrative about the proposed amendments to the Elected Presidency has been about how the feelings of the minority races have to be looked after for and that there is a need to relook at the qualifying criteria for...
NCCS: Government is sending mixed signal on internet gambling
The National Council of Churches (NCCS) is concerned that the Government is sending confusing and conflicting signals. On the one hand, the RGA criminalizes remote gambling. But on the other hand, the Government is legalizing some forms of remote gambling provided by authorized operators. The Council finds it difficult to accept...
China Property Bubble Could Cause $600 Billion in Bad Debts
China watchers are starting to put a price tag on what any collapse in the nation’s red-hot property market could cost banks. A drop of 30 percent in housing prices could cause 4 percent of total loans worth 4.1 trillion yuan ($615 billion) to sour, according to DBS Vickers Hong Kong Ltd. Commerzbank AG said such a drop could...