Quick thoughts on Budget 2021
Here are my 2 quick thoughts on Budget 2021. 1. Drawing on past reserves In the last General Elections, the Singapore Democratic Party (SDP) had proposed to suspend GST till end-2021, pay retrenched workers 50% of their last drawn salary for 18 months & provide a $500 monthly retirement income for lower-income seniors aged...
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...
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