Introducing eCash into Singapore
I give this suggestion to MAS on how to introduce eCash into Singapore to replace physical cash (i.e bank notes and coins). I know of past failures of introducing the NETS Cash Card. We need to adopt a new approach to ensure that eCash does not suffer the same fate. The key changes required are: * Easy for the merchant to receive...
Singapore’s education system to be less examination focused
Singapore's education system to be less examination focused, more geared to life-long learning- Lawrence Wong. I like that even though my children are grown up alearly. In fact, I feel that this change has been slow in coming. In today's internet world, so much information that we need are alearly avilable online and that both...
MAS should issue the CBDC
I wish to put forward the reasons for MAS to issue the CBDC (central bank digital currency). I shall give the name eCash to the CBDC. I will also explain how it can operate. Why should MAS issue eCash? It will replace the issue of currency notes and coins (which I will describe collectively as "cash"). It is costly to issue...
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