
Cardboard policemen
Cardboard policeman Many of you must have heard of the story of tying an elephant with a thin piece of rope to a flimsy piece of stick on the ground. And yes, the elephant would not try to walk away, believing that it would be a vain attempt. It tried furiously when young, tied with strong chain that would not give way. Now...

The US$34B of foreign reserves spent by MAS
So, according to DBS, since July 2014 the Monetary Authority of Singapore appears to have spent US$34b to prop up the S$ against a charging US$. But the MAS monthly balance sheet reports that the Official Foreign Reserves (OFR) stood at S$341.5b in July 2014 and $340.9b in February 2015, an insignificant change in the OFR on...

Going wild in Singapore
The provision for active election campaigning as permitted by law is covered by the Parliamentary Elections Act (‘PEA’). The term election advertising is defined in section 2(1) of the PEA as: “any poster, banner, notice, circular, handbill, illustration, article, advertisement or other material that can reasonably be...
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