Grab and Gojek can’t be both right
Grab and Gojek both claim to be negotiating from strength in their merger talks. Grab and Gojek, who dominate ride-hailing and food delivery in south-east Asia, each told their staff that they are in a position of strength ahead of a potential merger. Grab is valued at US$10bn twice that of Gojek. The two start-ups have been...
MAS should issue the CBDC
I wish to put forward the reasons for MAS to issue the CBDC (central bank digital currency). I shall give the name eCash to the CBDC. I will also explain how it can operate. Why should MAS issue eCash? It will replace the issue of currency notes and coins (which I will describe collectively as "cash"). It is costly to issue...
When Kangaroo Meets Kungfu
Just a few days ago in The Globe and Mail, there was an article about how Canada should follow Australia's example in dealing with China because they seem to be better at it. Of course, Canada is facing the ramifications of detaining the Huawei executive and as a result have 2 Canadians who have been in Chinese jail for 2 years...
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