In the face of imported inflation
In the face of imported inflation, our government has a choice of keeping cost of living stable or exports competitive. In the last quarter year or so, the government has begun strengthening the Sing dollar. Indeed, the Sing dollar has strengthened against almost all the currencies of our major trading partners, except the US...
Dirty and filthy food centre
A Chinese netizen took this video and posted it online to show how dirty and filthy this food centre and its surroundings at People's Park was. I share his sentiments and I want to add that this hawker centre isn't the only eyesore and embrassassment that one can easily find in Singapore these days. In many HDB heartlands and...
MAS’s S$7.4 billion loss no big deal
A Straits Times (ST) story’s headline today - “MAS clocks net loss on the back of inflationary pressures” – may give the wrong impression and arouse undue alarm. The loss of MAS is not a matter of grave concern for the following reasons: 1. The loss came mainly from exchange translation losses. An exchange translation...
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