What really happened at Silicon Valley Bank (SVB)
A business may be profitable but it can still be wiped out by liquidity problems - that is, not having sufficient cash to meet immediate requirements. This is especially important for banks. If all customers were to turn up suddenly at commercial banks and demand to withdraw their deposits, all such banks in the world, including...
Stupid rules on Covid-19
Over the past week, TWO friends from FB and chatgroup private messaged me about stories of medical students who were FORCED to jab if they want to study Medicine in SG. One was forced to leave SG and study Medicine overseas. One is THREATENED to have his medicine study discontinued and forced to make repayment to the Gov/University...
Dr Tan Cheng Bock for President
Now that Dr Tan Cheng Bock has announced his intention to contest the next Presidential Elections, what would PAP do? Shift the Goal Pole again so that Dr Tan will not qualify as candidate? That would be weird because how could one become a candidate last round and not become one this round? Well, PAP will be thick skin enough...
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