Archive for the ‘Economy’ Category
Ng Kok Lim rebuts Indian FT on Singapore’s economy
Dear Straits Times, I refer to the 21 Jul 2012 letter by Mr Bobby Jayaraman. To show that the government had chosen the right path in actively pursuing growth, Mr Jayaraman contrasted the years 2001 to 2005 when the economy grew slowly, property prices fell and median household income fell from $4,363 to $4,270 to last year...
The $158 billion Singapore Budget Accounting Fraud: Part I
In the past decade, we have become all to used to corporate accounting scandals. Respected companies like Olympus, Lehman Brothers, AIG, and the most notorious fraudster Bernie Madoff have all been caught blatantly manipulating accounting statements dating back many years. As a result of their behavior, those responsible...
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