Inflation will remain high
Many US banks, including the large ones, are in financial trouble. They have lent a few trillion dollars in 30 year mortgages at fixed interest rates of 3% or less. Based on the current high interest rates, the value of their mortgages could have fallen by 30% or more. The loss is staggering. The banks are able to mark these...
The world’s most expensive cabinet
At the May Day Rally, Deputy Prime Minister Lawrence Wong spoke of Singapore feeling the impact as competition for investments becomes tougher. He said that Singapore “cannot afford to outbid the big boys” to attract investments from multinational corporations. “We won’t have enough money to match the competition but...
What Sylvia Lim is trying to achieve out of this…
Ms Sylvia Lim I really don't know what Sylvia Lim is trying to achieve out of this .... What exactly is she unhappy about? Just because Shanmugam said that US and its allies are not totally without fault? [LINK] Or that she is unhappy that a minister says something different from his own party? I know WP would ban all its MPs...
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