
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...

When the Khaw talks cock
Khaw Boon Wan, Minister of National Development, Chairman PAP appears to be styling himself as the Spin King Extraordinaire with his latest Budget debate speech. I am not in the real estate business. So, with regard to Khaw’s claim of the ‘more benign property situation’ in Singapore, I did a check on info available on...
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