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...
Deal with the impending recession
Singapore is expected to enter into a recession. It is likely to be worse than projected by the finance minister, Heng Swee Keat. What can be done to deal with this challenge? I like to suggest the following steps. a) We must make sure that many workers continue to have jobs. It is inevitable that some workers will be retrenched...
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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