TR EMERITUS

Given current high inflation trends，this has to be the least needed, worst timed GST increase our policy makers could possibly make. First we have a structural fiscal surplus of around $30 bn ++ while the GST increase will raise $ 3bn ++ revenue; so this 2% GST increase is currently arithmetically completely unnecessary. Second,... 

As I predicted there’s been a sharp slowdown. State media is of course deliberately misleading only quoting the year-on-year figure when month-on-month output fell by 8.5%. Manufacturing employs relatively few Singaporeans and the semiconductor and biomedical sectors even fewer while the latter pay almost no tax and receive... 

In the face of imported inflation, our government has a choice of keeping cost of living stable or exports competitive. In the last quarter year or so, the government has begun strengthening the Sing dollar. Indeed, the Sing dollar has strengthened against almost all the currencies of our major trading partners, except the US...