How Singapore’s economic bets paid off
Dear Straits Times, I refer to your report dated 20 Jul 2010. It is said in the report that our rapid recovery has vindicated government efforts to diversify Singapore's economy over the last decades. But the urgent need to diversify the economy was made plain for all to see just less than ten years ago with the mass exodus...
HDB is culpable for the run-up in housing prices
HDB with its reactive housing supply is the biggest culprit for the current run-up in housing prices. HDB resale prices are breaking record levels because new supply from HDB cannot address the increased demand for ready flats, coming mainly from new PRs. New HDB flat supply in recent years is offered on a BTO basis. HDB put...
Counter anti-foreigner talk
Dear Straits Times, I refer to your report dated 20 Jul 2010. In the report, it is said that the 40,000 resident births in the mid-1980s cannot make up for the 221,600 new jobs created in 2008. But there were 62,900 residents who were unemployed in 2008 so ideally, we should be looking at importing 221,600 - 40,000 - 62,900...
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