The Incompetence Of The PAP 4G And Your Economic Insecurity
Now You Know why the GE was called when it was called. A few days after the votes were counted, Singaporeans found out that the GDP had contracted by more than 41% in the 2nd quarter. And look at the appalling jobs figures released a short while ago! Number of workers, excluding foreign domestic maids, plunged by 121,800 in...
How to cope with a reduced demand in the economy
I asked a question - how can the economy in Singapore deal with the drop in demand and keep the people employed. Here is my proposed solution. The government should pass a law to reduce the working hours by 30%. This will avoid a 30% fall in employment. The business will get a subsidy from the government to cover 30% of the...
Massive Reserves: Does It Benefit, Or Shortchange Singaporeans?
Arguably, we have benefitted from the Solidarity, Unity and Resillience Budgets, because they made use of the reserves to ease the financial pain of COVID 19.There has been much debate over the government's far sighted move to accumulate excessive amount of reserves, especially to safeguard ourselves against crises like...
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