What Finance Minister Tharman will never tell S’poreans
DPM and Finance Minister Tharman The circumstances are now more dire for Singapore if any recession were to come visiting. The substantial reliance on cheap foreign labours and foreign talents to promote growth will be one of the main causes Singaporeans will be made to suffer more than it should. During a recession, demands...
Singapore’s wealth bubble may pop
The city-state has attracted foreign wealth, but economists warn of trouble if tycoons were to pull out in the future. Seah Chiang Nee MONEY, plenty of it! So much is circulating around parts of Singapore – much of it from abroad – that some economists are worried. After years of success luring in foreign wealth, the city...
Finance Minister Tharman’s World Bank bombshell
In October 2013 the Court of Appeal dismissed my argument that the PAP government’s US$4 billion line of credit to the IMF needed Parliamentary and Presidential approval as required under Article 144(1) of the Constitution. The learned judges ruled that I had failed to make a prima facie case and that furthermore I lacked...
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