IRs ‘to add $1.38b to govt coffers’
Dear Straits Times, I refer to the 25 Nov 2010 report on our integrated resort revenues. It was reported that the gaming revenue is expected to hit $6 billion this year and that conservatively, an estimated 50,000 visitors visit our casinos each day of which 28% are Singapore residents. That works out to be 5.1 million...
Stability key to Singapore staying ahead: MM
Dear MM Lee, I refer to the 20 Nov 2010 Straits Times report of your speech at the 40th anniversary celebration of Hewlett Packard Singapore. Singapore too, like our neighbours, chose to grow our local industries instead of pursuing export industrialisation when we were merged with Malaysia. It was our separation from...
Minimum skills, not minimum wage
Dear Professor Augustine Tan, I refer to your 18 Nov 2010 Straits Times article. You said immigration curtailment will lead to us having to pay burdensome taxes to support ageing relatives in the future. However, population ageing is only delayed and doesn't go away even if we free up immigration. Because the additional...
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