OCBC Acquisition of ING Bank Unit – A risky deal in risky times
By Damon Yeo, Business Correspondent There are two sides to every coin. OCBC’s recent US$1.46billion acquisition of ING Bank’s Asian private banking (IAPB) business is one deal that will definitely split opinions in the financial market. There is little doubt that this deal had propelled OCBC from a fringe player in the...
Paradox of Singapore’s Economic Growth: Relatively Higher Average Incomes But Relatively Lower Human Development
By Abdul Gafoor, Social Correspondent The recent publication of UNDP’s Human Development Index (HDI) revealed another paradox of Singapore’s economic growth strategy. The HDI ranks countries around the world according to “human development” and this is a common and standard index used by economists all around the world. The...
Paradox of Singapore Economic Growth: Economy has grown fast, labour income share remains dismally low
By Abdul Gafoor, Social Correspondent A closer look at the share of Singapore’s economic pie that goes to workers as incomes throws up another paradox. Singapore’s economy itself has grown more than 30 times. Despite the fact the country has been working hard with full devotion to continually continue high economic growth...
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- Singaporeans R Free Riders on The fate of Singapore
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