Will GLCs be next in line to collapse due to huge net debts?
Will Government link companies next in line to collapse for having high net Debts? The fall of Hyflux shows companies having high net debts are vulnerable to collapse. Hyflux used to be a darling for investors that won many awards. Within a short period of time they invested projects in the middle East, China and South...
Edwin Tong’s views on social welfare, appear ignorant, myopic and patronising
I find it pretty rich that Senior Minister of State, Edwin Tong has appeared to make a comment which shows not only his ignorance of "western countries" but also a completely misguided understanding of what motivates people to work hard. In giving his comments on GST vouchers, Silver Support and other policies introduced to...
Singaporeans pay up to 1000% higher water tariff than Johore residents
Thanks to the new Malaysian government for highlighting the water issue, Singaporeans are becoming more aware of another PAP scam. As is evident from water tariffs across the causeway, the cost of treated water and water from the sky is cheap. But due to 3 fat layers of profits – water conservation tax, waterborne fee...
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