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Archive for the ‘World’ Category
Hong Kong’s version of the Job Support Scheme

Hong Kong’s version of the Job Support Scheme

Hong Kong has also rolled out its version of the Job Support Scheme in view of Covid-19. It is called Employment Support Scheme and pays 50% of each employee’s salary up to a maximum subsidy of HK$9,000 (S$1,620) for six months. All employers who contribute Mandatory Provident Fund (similar to our CPF) for their employees... 

The perfect story of the imperfect political system in Singapore

The perfect story of the imperfect political system in Singapore

The ASEAN Parliamentarians for Human Rights recently released a report entitled "In Singapore, an Already Unfair Vote Undermined by COVID-19". You can download the full report here. It has told the perfect story of the imperfect political system in Singapore which has in turn ensured that the PAP continues to stay in power... 

Is America moving towards socialism out of necessity?

Is America moving towards socialism out of necessity?

The US stock market rallied last night because the Fed is buying individual bonds. In effect, they are converting many businesses into state owned enterprises. It may not be fully state-owned, but the state may be holding a substantial stake. This is an interesting phenomena. It is a modern way of nationalization. America is... 



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