As PAP Leaders Look Forward to Another Year of Outsize Earnings and Prepare to Raise Taxes on the Poorest, More Singaporean Families Go To Bed Hungry
PM Lee has said he expects the economy to grow by 3-5% this year but that will still only make the economy about 1% bigger than it was at the end of 2019. By way of contrast the US economy ended 2021 over 2% larger. Most of Singapore’s growth in both 2020 and 2021 came from manufacturing with all other sectors below the peak...
China produce cheap goods for the world
China produces cheap goods for the world. It helped the people in other countries to have a better quality of life. The global consumes can buy the cheap, good quality products from China. In the earlier years, the cheap goods were produced because China's cost of labor was low. The wages have increased over the years,...
The Enigma Of Singapore National Reserves At GIC
Singapore is well governed with a few bogeymen. The national reserves is one of them. The sum total of Singapore's national reserves held by GIC (Government Investment Corpn) is a tightly kept secret of the Singapore government. If the numbers are published, somehow the whole country will come tumbling down. The official explainer...
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