S’pore is third richest country: Forbes
Singapore, 3rd richest country Using the latest IMF data, Forbes found Singapore to be the third richest country in the world [1]. While Forbes made use of IMF's 2010 data, IMF's 2011 data shows pretty much the same thing, that Singapore has the world's third highest per capita GDP adjusted for purchasing power parity (PPP). But...
Singaporeans pay much higher taxes than other developed countries
In his 1996 National Day speech, Prime Minister Goh said, “People often want the government to assume the full burden of the cost of medical care and provide treatment free to Singaporeans. Because of the painful lessons learned in other countries we have not done this. All the countries which have done this—Britain, France,...
DPM Tharman’s claim of $1,000 affording a 2-room flat – fact or fallacy?
Mr Tharman I read the many comments/reactions and counter posts on DPM Tharman’s claim and decided to spend some time investigating the matter in terms of dollars and cents. This should an irrefutable means of either qualifying the statement made by DPM or disproving his claim. And if the latter is the result, then the broader...
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