MAS Amendment Bill will make Singapore hold highest public debt in the world
Mark my word. Singapore will soon hold the highest public debt in the world. But it's not what you think. MAS and price stability : One of the main responsibility of MAS is to maintain price stability in the country. Instead of managing the prices of each product and service, MAS does this by focusing on one single price - the...
GST increases coincide with increase in social spending?
Whenever GST increase: More Budget surpluses despite the reason to raise GST because of expected increases in social spending? The primary reason for raising GST in 2007, 2004, 2003 and 1997 (introduced), has always been to increase revenue due to expected increases in social spending. So, I was curious and asked myself the...
Government ready to act if state of economy warrants it
Govt ready to act if state of economy warrants it : Heng Heng: The govt is watching closely. Gay: What is the G gonna do? Heng: MAS is weighing the appropriate exchange rate policy. Gay: You mean make the Sing dollar cheaper? Heng: Yeah, make exports cheaper. And more tourists will come here, too. Gay: But Minister, that means...
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