China will trade with other countries in local currencies
I share my views about the next stage in de-dollarization, i.e. countries with trade with each other using their own currencies instead of the USD. Several oil producers already agreed to sell oil to China in Chinese yuan (CNY). They can keep the CNY and use them to buy products from China in CNY. If they have excess CNY, they...
Afterthought on the Geylang Serai Ramadan Bazaars 2023
Now that the Geylang Serai Ramadan Bazaars 2023 is over, I would like to share some thoughts on the back of numerous cries and complains about hefty rental rates over that 36 days period. I want to begin my post by stating clearly that profit is not a dirty word, however, exploitative behaviours or profiteering, if any, in any...
Record-breaking COE prices
The latest round of COE bidding again broke record in most categories. Please pardon me for asking if record breaking COE prices is good or bad for our country? Well, I guess that all depends on who that question is asked. To the government, it must be good news because they will again be laughing all the way to the bank. In...
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