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Archive for the ‘Opinions’ Category
Mahathir built a stellar team of Ministers, yet they cost less than annual pay of Singapore’s PM

Mahathir built a stellar team of Ministers, yet they cost less than annual pay of Singapore’s PM

Effective from Wednesday(23 May), Malaysian Prime Minister Mahathir Mohamad announced that the country will cut the base salaries of its Cabinet ministers by 10%. He said, “When I was first appointed prime minister way back in in 1981, the first thing I did was to cut the salaries of ministers and the senior civil servants. For... 

PAP on past reserves: Drawdown = Conversion = No drawdown

PAP on past reserves: Drawdown = Conversion = No drawdown

DPM Tharman once told Parliament that drawing down past reserves was “in essence a conversion of past reserves from one form (financial assets) to another (state land), rather than a drawdown of reserves”. [ Link ] If Tharman had $10 million and he bought a $1 million car, would he tell his wife there was no withdrawal... 

GST hike: Damned if they do, damned if they don’t

GST hike: Damned if they do, damned if they don’t

The government thought it was being clever in announcing the impending GST hike early. The calculus: by giving Singaporeans at least three years’ heads-up, they would have time to bite the bullet and brace themselves for a GST increase to 9%. But all of a sudden, Malaysia’s Barisan Nasional lost power after 61 years and... 



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