Will the last US MNC leaving China switch off the lights?
Further to Apple planning to leave China with help of Taiwanese Foxconn, big US MNCs such as HP, Dell, Microsoft and Amazon are looking to shift big amounts of their production out of China, says the Nikkei Asian Review. The potential exodus reveals how the US-China tech war is accelerating the already underway cost-push migration...
Deal with the impending recession
Singapore is expected to enter into a recession. It is likely to be worse than projected by the finance minister, Heng Swee Keat. What can be done to deal with this challenge? I like to suggest the following steps. a) We must make sure that many workers continue to have jobs. It is inevitable that some workers will be retrenched...
‘Only cold spell coming, but not Winter,’ says Heng
I know economists are forecasting a recession (How bad things are described at the footnote*) but was surprised the constructive, nation-building ST Super-lite reported this fact in the following manner: The Government is “not expecting a full-year recession at this point”, Deputy Prime Minister Heng Swee Keat said on Friday...
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