Misunderstanding of China
The West still thinking this is the 1949 ~ 1990s Communist China! This is one of the major fault the West did. The 1980s Chinese has got no freedom what to wear, what to study, where to work and zero Chinese travels around the world. Now, at the end of the 20th Century till current 21st Century, a 120-million Chinese travel...
Lesson Not Learnt
You can’t sell vinegar as good wine by putting it in a wine bottle. The SPH saga is one such bootleg attempt. Blaming its market performance on digital disruption is like blaming the container for not being attractive enough. Back in 1996, Bill Gates was quoted, “content is king” and described the future of the Internet...
How the government turns a fiscal surplus into a deficit
Leong Mun Wai To answer that we need to do a simple breakdown of all the total fiscal resources available to the Government for FY2021 and compared it to the total expenditures. Most important to know is that there are three components which is the same as in previous years: The Operating Revenues collected through taxes and...
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