Nationalisation of the transport industry
In view of the complexity of the public trannsport problem, the most baffling question in the mind of the public is why the PAP Government is apathetic, if not aversed, to the idea of nationalisation of the transport industry. The recent so-called illegal strike by SMRT PRC bus drivers and the proposed bus fare increase...
A Physicist Looks at the Financial Governance 3
Part 3 – Borrowing Limits Article 144(1)(a) of the Constitution requires the oversight of Parliament and the President for the borrowing limits of the Singapore Government Securities (SGS) and the Treasury Bills (T-Bills): Section 11(1), Government Securities Act (Cap 121A) - Power to issue Government securities Act...
All that glitters is not Gold?
Update (Dec 3) : “Bank Negara has revealed that more than 8,000 customers of gold investment company Genneva Malaysia Sdn Bhd have yet to receive their gold amounting to over 4,000kg, despite having settled the payments. In a statement on Monday, the bank added that documents seized from the company also revealed that some...
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