Democracy is dying
The fact that many people here believe that “social media boost democracy” and that WhatsApp, Facebook, Instagram, Twitter etc, is very prevalent, does not mean that democracy is alive and kicking. On the contrary, it is close to dying. The one characteristic thing about democracy is that power is diffused among the people...
A possible bad year for Temasek Holdings
Temasek Holdings had written off US $275 million in its investment in FTX. During the past 15 years, TH had incurred large losses in some of its investments. In 2008, TH wrote off its $400 million investment in ABC Learning Centers in Australia. There were other bad investments, which raised much concern in the past. Personally,...
Should Government Land Sales Be Classified As Revenue?
The government position is a clear 'no'. It maintains that it does not profit from land sales. It asserts that when state land is disposed of at fair market value there is no addition to the Past Reserve but a conversion of one type of asset (land) to another (cash). In the Parliamentary Sitting on 7th November we were given...
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