Infrastructure spending is more than 150 times social welfare spending?
Should we reconsider spending more than 150 times more on infrastructure spending, than social welfare spending? I refer to the article “Major infrastructure projects over next decade will put Singapore economy on stronger footing: Lawrence Wong” (Straits Times, Aug 15). It states that “Singapore may look “built-up”...
Business closure (61,138 in 2016) increased 53%?
I refer to the article “More firms closing amid tough economy” (Straits Times, Aug 14). It states that “The data showed a slight pickup in the cessation rate of companies in recent years, from 7.3 per cent in 2014 to 7.6 per cent in 2015 and further to 7.8 per cent last year.” 61,138 businesses closed last year? I...
National Day: Labour data does not gel with the rhetoric?
The labour statistics do not seem to gel well with the rhetoric? I refer to the article “Wages, jobs, productivity up but more work lies ahead: PM” (Sunday Times, Aug 13). It states that “The economy is expected to grow by around 2.5 per cent this year – higher than last year’s 2 per cent – and this has lifted wages,...
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