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Archive for the ‘Economy’ Category
They promise us the moon and the stars but…

They promise us the moon and the stars but…

PM-in-waiting Lawrence Wong You could get heady just listening to all the election-worthy pledges and promises making the rounds as May Day messages. Deputy Prime Minister Lawrence Wong told workers at the May Day rally: “Come what may, we will always be there with you, for you, and we will always have your back.” The government,... 

China will trade with other countries in local currencies

China will trade with other countries in local currencies

I share my views about the next stage in de-dollarization, i.e. countries with trade with each other using their own currencies instead of the USD. Several oil producers already agreed to sell oil to China in Chinese yuan (CNY). They can keep the CNY and use them to buy products from China in CNY. If they have excess CNY, they... 

Dark side of Singapore’s obsession with economic growth at the expense of its citizens

Dark side of Singapore’s obsession with economic growth at the expense of its citizens

PM-still-in-waiting Lawrence Wong In a recent address to Parliament, Deputy Prime Minister Lawrence Wong stressed that economic growth remains a “non-negotiable” priority for Singapore, despite the country’s efforts to become a more inclusive society. Speaking at the debate of the President’s speech, DPM Wong argued... 



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