Government lapses: Missing the forest for the trees?
Leong Sze Hian Hundreds of lapses? The Auditor-General Office’s (AGO) report talks about hundreds of procurement lapses in practically every Ministry. For example, in one agency alone – the National Research Foundation, which is under the Prime Minister’s Office (PMO) – there were more than a hundred procurement lapses...
India to call on millions of non-residents to defend rupee
Rupees NEW DELHI, Mon Jul 22 (Reuters) - India is considering calling on its millions of non-resident citizens to help reverse a record slide in the rupee and does not favour the idea of a global sovereign bond at this time, senior government officials told Reuters on Monday. However, the government strongly denied having ruled...
MAS is worried!
The Monetary Authority of Singapore (MAS) is worried about our rising household debt. It said that “it is important to act now to limit build-up of leverage.” My assumption is that it is within MAS capability to limit build-up of leverage. Why then does it think of acting only now? With the helicopter vision of our leaders...
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