Do we want a government that hoards money and underspends on social programs?
The narrative is that the Public Utilities Board (PUB) will incur a loss without the government giving a grant. In the financial year 2016, PUB made over $198 million dollars of profit after government grants. The government gave an operating grant 9of $298 million dollars. Without it, PUB will incur a deficit of roughly $100...
Are Singaporeans swimming in boiling water?
Recently, there were 2 reports - one from Prudential Insurance and another from OCBC Bank - that make for some very insightful reading. In the report commissioned by Prudential, it was revealed that Singaporeans are living longer lives on average, even longer than the Japanese by 6 months. Yet, many Singaporeans will spend their...
No ‘Get Out of Jail Free’ cards this time round
Coming right after the awful GDP figures for the second quarter (see Hey Lee Hsien Loong Dude, What’s the Plan?), the trade figures announced by Enterprise Singapore on 17 July were equally, if not more, shocking. Non-oil domestic exports (NODX) fell by 17.3% year-on-year in June, an acceleration from the 16.3% decline in...
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