CPF inadequacy reflects failure of PAP’s policies
PAP says it needs to increase the Retirement Sum (or the CPF Minimum Sum) to ensure Singaporeans have enough to retire on. But is it determining the Retirement/CPF Minimum Sum that will guarantee your monthly payout, or is determining the actual CPF Life monthly payout that will guarantee your monthly payout? If it is determining...
Small pool of footie players is no excuse for mediocrity
FT has a story on Athletic Bilbao. It shows up FAS and S’pore: a small catchment area is not excuse for mediocrity. Athletic Bilbao is a La Liga club. It only recruits players who born or raised in the Basque Country in Northern Spain. This region has a population of less then 3m. Athletic Bilbao is the only side in top-level...
PAP’s economic incompetence
Singapore’s non-oil export shrank 12.3% in October, from an 8.1% drop in September. These results are much worse than analysts’ expectations and we have now had 8 consecutive months of decline. The latest results are another illustration of the economic incompetence of the PAP government. They have no idea of how to grow...
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