TR EMERITUS

I explain many issues which are not covered by media, especially our local state mouthpiece. Click to visit the author's website for the full article The common knowledge now is banks hold securities. Interest rates have gone up, so those long term securities create huge unrealised losses in banks. That is true. This works... 

1. The Net Investment Return Contribution (NIRC) in Singapore is a portion of the investment returns from the country's reserves that the government uses to fund its annual budget. It was introduced in 2009 and is calculated as a percentage of the net investment returns of the Singapore government's past reserves. Under the... 

The economic situation in Hong Kong is actually quite bad,, definitely worse than 2003 SARS period. About 20% Retail shops at prominent locations are empty or in the progress of closing down. These shop spaces are normally very HOT. The photo shows a very prominent shop space at the main junction of Jordon. In Mongkok area,...