MAS’s $30.8b loss
MAS made a staggering loss of S$30.8b in 22/23 due mainly to (a) S$21.4b translation loss of foreign assets which are primarily the foreign reserves, and (b) S$9b which is the carrying cost of the foreign reserves. There are those who understand it is the price MAS has to pay to stay the course to minimise the import of foreign...
My Lack of Interest in the Presidential Election of 2023
Having actively participated in the presidential election of 2011, my experience left me disheartened. Despite investing a significant amount of personal funds, exceeding $100,000, and enduring a grueling campaign that spanned several weeks, I received less than 5% of the votes and lost my $50,000 deposit. This outcome was a...
Native-born Singaporeans forced into exile
Click to enlarge It is very sad that the Late Prof Lim Chong Yah's daughter, Lee Suet Fern and her husband, Lee Hsien Yang are not able to return to Singapore for his funeral. We all know that Suet Fern went through the Law Society's disciplinary process which culminated in her suspension from practice by a three Judge Court....
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