A rebuttal to Shanmugam’s statement that it is wrong to blame foreigners for driving up costs
Dear Mr Shanmugam, I refer to your comments as reported by Straits Times on 18 Jan 2010. You said that it is a misconception that there are five million people putting pressure on all of us because the 1.3 million here on temporary work permits impose no burden on the public housing system. That unfortunately, is the...
A deeper understanding of the “Foreign Talent” issue
By Lawrence Pek Clearly, there has been a lot of unhappiness on the grounds with the huge influx of foreigners into Singapore in the last 18 to 24 months, even though PM Lee has addressed this issue (well, sort of), I would like to dwell further with a deeper analysis of certain repercussions of these misguided policies. Value...
The Three Roberts and the Meaning of Wealth (Or How You Can Attain True Wealth) Part One
By Louis Lim Robert Kiyosaki defines 'Wealth' as a 'Positive Net Cash Inflow'. In financial terms, when money coming to you on a regular basis is more than what is going out from you, you are wealthy. There is a further condition i.e. the incoming cash flow must be a 'passive one'. Thus, a 'wealthy' person or one who is financially...
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