The size of the people’s reserves are a matter of great speculation. The total size of Singapore’s total reserves is a state secret but estimated by most analysts to exceed the $1 trillion mark; the figure being pieced together through the Government’s official statement of assets and liabilities in the Finance Minister’s annual budget statement and other sources of information. We were once again told in Parliament yesterday that the size of Singapore’s reserves is a nationa
In the Straits Times today (9 Feb), Finance Minister Heng Swee Keat was quoted as saying that “if the lapse shows that the leader has been slack, negligent or incompetent, then serious consequences must follow, including removal.” Those seemed like brave words. But unfortunately, they were also empty ones. There are way too many examples of current PAP Ministers demonstrating high levels of incompetency and slackness. I will just give 4 diverse examples to show how things hav
Let me make myself extremely clear before I begin; the purpose of my writing is to present things in a straightforward, palatable manner for the layman to adequately appreciate.
Firstly, a brief history of the insurance business.
How did the notion of insurance come into existence?
It had its origins in the form of protection money collected by gangsters and the mafia. The gangsters astutely came to the eventual realization that employing violence to wreak havoc and trash
The Indian local (seated second from left in the video) rightly opined that foreigners here are depressing wages of Singaporeans, yet hotelier and restaurateur Mr Loh Lik Peng (boss of Unlisted Collection-seated fourth from left in video) stubbornly insisted hiring foreigners in Singapore incurs higher costs, at the same time refusing to acknowledge the irreparably damaging consequences brought upon by foreigners who were willing to settle for much lesser owing to lesser fina
As cynical as this may sound, locals persistently suffering long term unemployment have PAP's myopic policies to thank for. High costs of living, ever increasing CPF retirement sum requirements to meet , a vastly uneven playing field existing between foreigners and citizens as well as National Service obligations have all played a part in creating a very toxic job market. Meanwhile policymakers and PAP supporters have their fingers in their ears going "lalalallalaal I can't h
In the space of two days last week, I had near-identical conversations with two friends. Both were looking at real estate options, but refused to acknowledge their financial realities. Neither was particularly wealthy but both sought pricey districts. “I don’t think I could live in your area,” one of them said to my suggestion. He offered a long commentary on my estate compared with his expectations. 3 bedrooms, a balcony, an open kitchen. But he didn’t want, nor did he have