Two casinos made $5 billion a year: How much of these monies are lost by Singaporeans?
I refer to the article “MBS parent firm eyeing $5b sale of 49% stake in its Shoppes mall” (Straits Times, Jan 28). According to the article, “VIP gaming revenue, which accounted for about 42 per cent of total gaming turnover, fell 18.4 per cent to US$8.26 billion in the three months to Dec 31.” Another article states...
Shorter working hours possible for those at the top of the employment chain
Read one forum letter in today's papers, the writer made a case for shorter working hours. His argument is on the basis that now with technology advances and productivity gains, shorter working hours is possible. Researchers has also found that working shorter hours in a week actually increases the overall productivity of the...
Created 15,000 jobs: Employment growth foreigners 49,000, locals 500?
I refer to the article “Spring Singapore funds projects that promise 21,400 jobs” (Straits Times, Jan 26). It states that “When fully realised, these projects are expected to crank out 21,400 new skilled jobs and contribute $7.8 billion in value-add to the economy. 15,000 jobs created in 2015 This is a significant jump...
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