TR EMERITUS

In 1994, Nobel laureate for Economics, Paul Krugman, published a provocative article, “The Myth of Asia’s Miracle”. He noted that the Singapore economy was no different from the Soviet economy of the 50s and 60s. The Soviet economy expanded very fast for a long period but then growth eventually slowed to a trickle as it... 

I refer to today's online news that 2 persons among 4 who cheated 8 banks of S$472 millions in both Singapore and Hongkong were charged. I definitely don't condone their behaviours but still I admire their dare, their brain and their instincts. If only they have used their dare, their brains and their instincts to do good for... 

For years and years, we have been told that Singapore’s reserves are only meant to be used for a rainy day. But now that we are in a storm and the reserves have been unlocked, there is an endless stream of reminders about how fortunate we are to have a government that is able to tap on reserves. Is it a concerted effort to...