Chinese RMB as a reserve currency
This is how I see the Chinese RMB becoming a reserve currency: 1. China buys raw materials from other countries and pays in RMB. 2. The exporting country keeps the RMB and use it to pay for products from China. 3. The unused RMB can be kept with the Chinese banking system to earn an attractive interest rate. 4. The RMB can be...
Kiasu, Kiasi, Bo Chup — Singapore’s Withering Trinity of Maladies
Kiassu, kiassi and bo chup are quintessential Singapore lexicology. These are Hokkien dialect terms which Singaporeans of all races are familiar with. All three have negative connotations, and I am ahgast that some writers suggest these are cultural embodiments of Singaporeans. These Singapore local catch phrases or terms are...
Malaysia GE: Youth voters remain a toss up
I read with interest the Opinion piece, “Malaysia GE: Youth voters remain a toss up” (ST, Nov 16) Firstly, let me explore its similarity with Singapore and compare its possible “implications” or influence between Malaysia and Singapore. Obviously, in this forthcoming Malaysia’s General Election, most leaders from respective...
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