SMART NATION – a cultural challenge
I remembered when I entered the financial world in the 1990s more than 50% of us in the Treasury were from engineering background. Such was that period when the FIRE (Finance, Insurance & Real Estate) economy really got going, and coupled with the ‘natural geography of an island’ and ‘rule-based’ jurisdiction, Singapore...
Why didn’t the Committee of Inquiry into the 2011 MRT debacle pick defects up?
The nexus of Government and GLCs, and the culture of opaqueness inherent in PAP is pried open liked a can of sardines by truly enterprising, free spirited investigative reporters that apparently used a drone camera to track the movement of the defective trains. Go suck eggs Straits Times, shame on you that Singaporeans had to...
The case for Minimum Wage
The late LKY had said that the reason why we don’t have minimum wage is that Economics 101 showed that if the market wont bear it, it will mean unemployment, his adage was that full employment is paramount. Not an unusual objective, e.g. one of the objectives of US Federal Reserve is to sustain a high level of employment. A...
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