Digital payment
I wish to suggest how Singapore can implement digital payment more comprehensively. We must first recognize that there is already digital payment using the following channels: * payment by credit card * tapping of the RFID enabled credit card. * payment by bank transfers * Pay Now * e-wallets operated by several banks and non-bank...
CBDC – central bank digital currency
Some people are worried about a CBDC (central bank digital currency). They worry that the government can track how they spend the money - e.g. at places where they do not want other people to know. They are afraid of "loss of privacy". I find their fear to be exaggerated. If they think about the problem, they can find the solution. Here...
Lee Hsien Loong Is Telling Porkie Pies If He Pretends RCEP Is a Big Deal Without the US
On November 15, Lee Hsien Loong and Chan Chun Sing signed the Regional Comprehensive Economic Partnership (RCEP). For those who might not be aware what this is, the RCEP links the ten ASEAN countries (Singapore, Malaysia, Brunei, Indonesia, Thailand, Philippines, Vietnam, Cambodia, Laos and Myanmar) with Japan, China, Australia,...
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