TR EMERITUS

Budget time and my first thought was that I had stepped into a time machine and been transported back to last year’s Budget. In fact the same could be said about any of the Budgets over the last five years. The Government could save a lot of money by eliminating the need for a Finance Minister. Instead they could just replay... 

Just as you would not be able to judge the financial soundness of a company by looking at its income statement but would need to see its balance sheet (and cashflow) as well, so using GDP to measure how well a country is doing also has major flaws. In fact GDP is worse because whereas the income statement for a company is meant... 

Two major biz trade groups are publicly very unhappy with Heng’s Industry Transformation Maps. Looks like bizmen and corporate executives don’t think much of the Industry Transformation Maps (ITMs), drawn up by Finance Minister Heng Swee Keat’s  Committee on the Future Economy (CFE) The ITMs, which make up one of the...