The Enigma Of Singapore National Reserves At GIC
Singapore is well governed with a few bogeymen. The national reserves is one of them. The sum total of Singapore's national reserves held by GIC (Government Investment Corpn) is a tightly kept secret of the Singapore government. If the numbers are published, somehow the whole country will come tumbling down. The official explainer...
Why progress stopped and what can we do about it?
As this article from the Asia Times by Joseph Nathan clearly shows Singapore was not the mythical fishing village when the PAP took over, nor was it poor nor disadvantaged. There may have been extreme inequality, with the majority living in kampongs or squalid living quarters, but it was a rich and bustling economy with all...
Can’t reconcile SG reserves based on reported returns
A Brief Note About Singapore Dr Chris Balding For recent readers of this blog, most of my work has focused on China with a not insignificant part of that writing focused on the statistical discrepancies we see in Chinese data. However, this type of statistical manipulation is by no means unique to China. Other countries have...
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