Singaporeans are being exploited in the backdrop of low oil prices
Crude oil in Apr 2011 - USD116 per barrel Local average pump prices in Apr $2011(Unleaded95)- SGD2.00 Crude oil in Jan 2016 - USD32 per barrel Local average pump prices in Jan 2016 - SGD2.00 Crude oil price has gone down 70% since 2011 but yet, our local average pump prices remains relatively unchanged. I don't know how to...
The harsh realities of being a teacher in Singapore
This email is with regard to the news that MOE wishes to start charging teachers for parking. While the public remains divided about this issue, and many are quick to point out that teachers had a pay rise last year, none of the forums point out the following realities for teachers in MOE schools: 1) When there are a recession...
A mathematical equation: Why are we so poor despite a high GDP?
The Economist’s GDP per Capita (PPP) line chart brings up an interesting conjecture (defined as an opinion or theory so formed or expressed; guess; speculation) about Singapore’s excellent GDP per Capita performance. Components of GDP by expenditure: GDP (Y) is the sum of consumption (C), investment (I), government spending...
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