KJ: Why the need to appeal against IMF Loan Judgement
On 22 October 2012 Justice Tan Meng Lee decided to dismiss my application to have Singapore’s $5 billion loan commitment to the IMF quashed on the grounds that it violated Article 144 of the Constitution. The learned judge chose to rule that Article 144 did not apply to a loan commitment. On this I believe we have good grounds...
Becoming World’s Richest, At What Cost?
I recently read an article on CNBC stating that Singapore will be the world’s richest country by 2050. Of course this study was based on some valid economic values such as per capita GDP and purchasing power parity and taking into consideration exchange rates…and some not so valid ones like why yacht sales are coming down. But...
Look at productivity and GDP from a different angle
Lim-Chong-Yah The examples from excerpts of Professor Lim Chong Yah's paper, "Shock therapy II revisited" (Oct 26), illustrate the salary disparity between top executives and low-wage workers. A S$5.5-million annual salary for a chief executive officer is equivalent to the payroll for 16 small and medium enterprises (SMEs) to...
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