Stop taking the people for granted and fix the BPLRT
The idea of scrapping the Bukit Panjang Light Rail Transit (BPLRT) system is typical of the malaise and lack of direction that has enveloped the present government. Unable to think outside the box and come up with viable solutions to make things work, the PAP chooses instead to waste public funds by ditching the nearly $300...
NCCS: Government is sending mixed signal on internet gambling
The National Council of Churches (NCCS) is concerned that the Government is sending confusing and conflicting signals. On the one hand, the RGA criminalizes remote gambling. But on the other hand, the Government is legalizing some forms of remote gambling provided by authorized operators. The Council finds it difficult to accept...
China Property Bubble Could Cause $600 Billion in Bad Debts
China watchers are starting to put a price tag on what any collapse in the nation’s red-hot property market could cost banks. A drop of 30 percent in housing prices could cause 4 percent of total loans worth 4.1 trillion yuan ($615 billion) to sour, according to DBS Vickers Hong Kong Ltd. Commerzbank AG said such a drop could...
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