SMRT should not take the easy way out by chopping low-ranking staff
Will Mr Nasrulhudin Najumudin (L) and Mr Muhammad Asyraf Ahmad Buhari (R) who perished in the SMRT train accident ever rest in peace in the sacking of two SMRT staff found guilty in the accident? Will their families ever being compensated at all after the tragic accident? The authorities should start to take action against the...
“The Market for Lemons” & ‘Foreign Degrees’
The Economist is running this week with ‘Six big economic ideas: a collection of briefs on the discipline’s (economics) seminal papers’. I will use some of these ideas to offer a different way to look at our current conundrums. George Akerlof, “The Market for Lemons”: Akerlof used the 2nd hand car market to illustrate...
How much tax for an Apple eating Europe?
The back tax bill is €13bn (or SGD$ 19.75bn) according to Margrethe Vestager, the European Commissioner for Competition. What does SGD$ 19.75bn means? For a proper perspective: 1. The total corporate tax in Singapore for FY 15/16 is SGD$ 13.8 bn, 2. Our total tax collection for the same period is SGD$ 44.8 bn, 3. Our defense...
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