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...
Irresponsible that the PAP government allowed strategic Hyflux to fall into the hands of foreigners
Hyflux and its creditors can finally heave a sigh of relief. Under a deal with Utico (a utility company from the United Arab Emirates), Hyflux will give up an 88% stake to the latter in exchange for S$585 million. This would give it a much needed financial lifeline that will enable it to continue its operations. Tuaspring is...
Exempt essential products from GST
Many people are prepared to continue with GST, but they like essential products to be exempted. This is not as easy as it appears. What are the essential products? I suspect that they like these products to be exempted from GST. a) food, milk, etc b) medicine and medical expenses c) school books and other school expenses d)...
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