4G Leadership: why you can be excited about Lawrence Wong

4G Leadership Lawrence Wong

“I’ve devoted my life to public service, first as a civil servant and later in politics. I will continue to do my utmost to serve our people.” Lawrence Wong The 4G Leadership has decided who will lead them. The choice fell on Finance Minister Lawrence Wong Lawrence who is also co-chair of the Multi-Ministry Taskforce handling the […]

The world is in for a perfect long storm shaped by a confluence of factors: Tharman

risk, fragility, tharman

The world has entered an era of profound uncertainty and fragility, Senior Minister Tharman Shanmugaratnam said. Speaking at the IMAS-Bloomberg Investment Conference on 9 March 2022, Mr Tharman, who is also MAS Chairman, said investing for the future has become a much more complex game, more complex than it was pre-pandemic, and also more complex than […]

Does GST hurt the poor the most? Arguments from PSP and WP.

spend, income, reserves, government, asset, future, generation, increase, land, PSP

Despite Finance Minister Lawrence Wong taking great pains and going to great lengths to explain how the government has designed the GST in such a way that it is actually progressive and not regressive, and does not hurt the poorer segment of society, the opposition WP and PSP continue to mislead on the impact of […]

Lessons from WP on how to keep the golden goose lean and thin

spend, goose, land, Singaporeans, future, income, WP, budget, generate, proceeds, well-being, fat, generation, people's, raise, reserves, sale

The Workers Party (WP) which opposes the GST hike, proposes to raise revenue to fund increased spending in the following ways: Use land sale proceeds to fund budget spending; Increase NIRC ( Net Investment Returns Contribution) from 50% to 60%. Point 1 Currently, proceeds from land sales are already being used – indirectly – for budget […]