A Physicist Looks at the Financial Governance 3
Part 3 – Borrowing Limits Article 144(1)(a) of the Constitution requires the oversight of Parliament and the President for the borrowing limits of the Singapore Government Securities (SGS) and the Treasury Bills (T-Bills): Section 11(1), Government Securities Act (Cap 121A) - Power to issue Government securities Act...
The Rule of Law and Labour Rights
I was really disturbed by the incessant use of illegal strike recently. How can a basic labour right be made unlawful? I mulled over the possibility that Article 10 of the Constitution may not offer protection of the labour rights. But I realize I have conceded too prematurely. I note that every person (citizen as well...
A Physicist Looks at the Financial Governance 2
Part 2 – Liabilities It is a good idea to begin the discourse with a definition. In view of Article 2 (see Part 1 - 'A Physicist Looks at the Financial Governance 1'), one may either think of reserves as adjusted assets or assets as adjusted reserves. The Constitution defines the liabilities. Article 142(4), Constitution...
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