TR EMERITUS

Global trade depends on shipping that carries 90% of international trade. And a healthy part of it goes through Singapore. But with the new silk road linking China with Europe through Central and Western Asia, and with the Arctic ice melting and possibly creating a new ship route, Singapore as a shipping hub is under threat... 

“THE Stone Age did not end for lack of stone, and the Oil Age will end long before the world runs out of oil.” A much repeated phrase since 2003 when it was predicted by Sheikh Zaki Yamani, a Saudi Arabian who was his country's oil minister more than 40 years ago. If the notion of the Absurd by Albert Camus is Globalization,... 

Let’s just compare the cost of owning a vehicle, take for example a Honda Jazz. Assume you are 20 years old and u are intending to drive till 60, hence calculations are based on 40 years car ownership. In Singapore, a brand new jazz typically cost about $100K as of Jan 2016. OMV is $13k, so u get back approximately 10K (body+scrap...