The No-Growth Economy and the Bankruptcy of the PAP Economic Model
On Thursday 14 October The States Times published a synopsis of the Ministry of Trade and Industry’s (MTI) release of the advance estimates of GDP growth in the third quarter of 2021. According to the flash estimate, GDP was 6.5% higher in the third quarter than in the same quarter a year ago, which looks impressive until...
Serve Them Right
'Fare revenue collected by LTA fell 30% in FY2021 as public transport ridership slumped during pandemic'. I will be blunt. I say, serve them right. Let me explain. The C19 pandemic has indeed affected many businesses especially the F&B, hospitality, travel related industries and the built environment sector etc, however,...
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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