TR EMERITUS

Is that a good strategy for a developed country with healthy reserves? In poor, developing countries, it makes sense to attract foreign MNCs. They mobilize resources like labour and land which would otherwise be idle, as well as provide capital. But in a fully developed economy like Singapore, resources are not only fully employed,... 

Young Phey (right) In October 2018, former union chief, Phey Yew Kok completed his 5 year jail term and became a free man in Singapore. It was in December 1979 that Phey Yew Kok, as President of NTUC was charged for criminal breach of trust of union funds. He had stolen more than $200,000. Phey jumped bail and stayed in anonymity... 

I will be blunt with my comments. Koh Poh Koon disclosed in Parliament that about 32,000 workers take home less than $1300 each month, a minimum wage (MW) sum lower than what was proposed by WP's Pritam Singh. So, what does that tell us? It told me a few things. One, setting our proposed MW at $1300 is too conservative. Singapore...