The Budget Arithmetic Puzzle
NCMP Leong Mun Wai Every year, the Budget is an arithmetic puzzle. Even financial professionals like me have problems piecing everything together because you have to go beyond the smoke screen and look for the detailed data, which are often incomplete. However, I do get a sense of the overall picture and I am going to share...
Why the PWM when high rents are killing businesses?
The PAP is considering introducing the Progressive Wage Model (aka minimum wage) in the food sector for cooks, servers, kitchen help, etc. But Senior Minister of State for Manpower Zaqy Mohamad is already warning that diners may have to pay more when eating out. This is nonsense. Such increase in costs to operators can be offset...
The TraceTogether saga is another sad – and frightening – chapter of our political history
What’s the big deal, some say? It’ll only be used by the police for criminal investigations. Nothing to fuss about if you’re not anywhere near the underworld. Perhaps. But there’s also POFMA. Remember all the hand-wringing when the PAP told us something had to be done about deliberate online falsehoods? Post-legislation,...
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