Consequences of Implementing Minimum Wage in Singapore
Labour Chief, Mr Lim Swee Say, has thrown his weight against the implementation of the minimum wage system citing adverse consequences of a rise in business cost as his main reason. Mr Lim’s fear is not without its merit. Companies will close shop and relocate to a cheaper location if they could not improve on its...
The Robin Hood of the North East CDC
Teo Ser Luck The North East CDC's Mayor Teo Ser Luck, commented in a recent to be published (Straits Times) article that the CDC intends to : “to raise $3 million from sponsors by 2012 to help 24,000 needy residents.” He further goes on to say that the CDC will match “dollar-for-dollar”, raising the amount to be $6 Million,...
Defending the Lion City: Defend who?
Who are your enemy and who are your friend? Click to enlarge The defence spending in Singapore increased from $8,622 million in 2004 to $11,455 million in 2010. During the same period, the GST in Singapore increased from 5% in 2004 to 7% in 2007. No doubt that a strong defence is necessary for Singapore since we are living in...
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