A Review of recommendations made by the Economic Strategies Committee
By Jingle Yang Introduction The Economic Strategies Committee (ESC) is the brainchild of Prime Minister Lee Hsien Loong and his cabinet, aimed predominantly at developing the island city's economic capabilities, achieving continued economic success and enhancing its international presence. The ESC is chaired by Singapore's finance...
Public housing – room for pragmatism?
I refer to the letter by Mr Ng Kwong Yee dated 8 Feb 2010. (see below) Mr Ng chides couples for expecting their first home to be first rate. What should couples expect then? That their homes should be third rate? What will that make of Singapore? Third rate? Mr Ng also claims that couples are unwilling to live in new,...
Investment in UBS by GIC – a Chronicle of a Disaster in the Making
By Damon Yeo It was mid-December 2007 [A] when the Government of Singapore Investment Corp. (GIC) made a whooping 11 billion Swiss francs (S$13.8 billion) investment in UBS. There was news earlier in the summer of 2007 about how the US housing market was showing signs of slowing down, but some of the major financial institutions...
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