PAP on past reserves: Drawdown = Conversion = No drawdown
DPM Tharman once told Parliament that drawing down past reserves was “in essence a conversion of past reserves from one form (financial assets) to another (state land), rather than a drawdown of reserves”. [ Link ] If Tharman had $10 million and he bought a $1 million car, would he tell his wife there was no withdrawal...
GST hike: Damned if they do, damned if they don’t
The government thought it was being clever in announcing the impending GST hike early. The calculus: by giving Singaporeans at least three years’ heads-up, they would have time to bite the bullet and brace themselves for a GST increase to 9%. But all of a sudden, Malaysia’s Barisan Nasional lost power after 61 years and...
MND minister has no solution to sharply-depreciating older HDB flats, makes a fool of himself with misleading statements
Million-dollar PAP ministers continue to make a fool of themselves. Instead of providing solutions, they could only make …. obvious statements. One recent example is MND Minister Lawrence Wong. In response to the recent sharp depreciation of HDB flats above 40 years, this is his reply in Parliament: Thousands of Singaporeans...
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