Spending OPM is so easy
F-16 Fighting Falcon Singapore would be spending more than $2b to upgrade the fleet of F16s in service now. With better avionics and weapons system, would the upgraded F16s be good enough to stand in for the trouble stricken F35s until they are proven to be as good as they are made out to be? Or would this $2b plus be on top...
Why banks tested for 50% plunge in property prices
Singapore banks are so well-buffered that they will be able to withstand even a 50 per cent plunge in property prices here if this were to occur over the next two years, say stress tests done by the International Monetary Fund (IMF) and the Monetary Authority of Singapore (MAS). (BT late last yr) I waz wondering when I read...
Khaw confirms value of HDB flats will be zero at end of 99-year lease
[Article first appeared in http://geraldgiam.sg on 7/2/14.] NCMP Gerald Giam All HDB flats are sold to Singaporeans on a 99-year lease. We are technically not home owners, but lessees. I asked the Minister for National Development, during the 20 January 2014 Parliament sitting, what the value of HDB flats would be once their...
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