Sort out the CPF mess
The CPF has become a mess. Although the members put in a lot of their savings into CPF, it is not able to produce an adequate retirement income for members. The rules on the use of CPF for housing and the access to grants are extremely complicated. What can be done to sort out the mess? Here are my solutions: a) Simplify the...
PAP’s weak leadership and poor policies will show up in weak economic times
The numbers are out and they are indeed very sobering - our non-oil domestic exports (NODEX) suffered a double-digit fall in June again, making it the fourth straight month of decline. Going forward, it is hard to avoid a technical recession. For many companies, orders are down, economic activities have shrunk and employment...
Irresponsible that the PAP government allowed strategic Hyflux to fall into the hands of foreigners
Hyflux and its creditors can finally heave a sigh of relief. Under a deal with Utico (a utility company from the United Arab Emirates), Hyflux will give up an 88% stake to the latter in exchange for S$585 million. This would give it a much needed financial lifeline that will enable it to continue its operations. Tuaspring is...
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