
PAP got a point on welfare programmes
[M]y first wish is that Medishield Life be expanded to cover evidence-based healthcare interventions. I raised this at the IPS dialogue with DPM Teo Chee Hean last month and his response was to cite the classic neoliberal argument* that if you provide free medical care, a “buffet table syndrome” will result. This means that...

PAP government shortchanged CPF members more than 40 years ago
Many CPF members have mistakenly believed that the record high 6.5% CPF rate was a godsend. But in order for CPF interest rate to be meaningful, it has to be beat inflation. Seen in this context, 6.5% CPF rate was actually way too low when inflation reared its ugly head in the 1970s. According to archived records, CPF...

What happens now to Sembcorp Marine?
Last December, it was reported that Keppel O&M had to pay a colossal US$422m in fines after reaching a global resolution on corruption probes by authorities in US, Brazil and Singapore. Allegations of huge corruptions occurring in Brazil first surfaced in 2015 when Brazilian authorities carried out a massive investigation...
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