Strong foreign exchange reserves kept us from starvation: Lee Kuan Yew
Is there a reason Singapore holds reserves? The reserves of Singapore serve three purposes: To provide a buffer against crises; Provide a stream of investment income to finance a part of government budgets; Maintaining confidence in Singapore’s exchange rate-based monetary policy. A reserve is therefore a rainy day fund, an endowment fund, and a stabilization […]
Progressive supra-nuclear palsy diagnosed in Dr Lee Wei Ling
A Facebook post by Dr Lee Wei Ling revealed that she had been diagnosed with progressive supra-nuclear palsy. In its early stages, progressive supra-nuclear palsy is similar to Parkinson’s disease. Symptoms include slow physical movements, impaired vision and balance, resulting in a tendency to fall. Following this, there is a risk of choking, aspiration, pneumonia, […]
7 things to know about Alvin Tan Sheng Hui
Alvin Tan Sheng Hui 陈圣辉 He has served as the Member of Parliament (MP) for Tanjong Pagar GRC for Moulmein-Cairnhill since 10 July 2020. Alvin Tan holds a Master of Public Policy degree from Harvard University’s John F. Kennedy School of Government and a First Class bachelor’s degree in economics from Sydney University. In 2009, […]
Foreigners bore brunt in RWS’ retrenchment exercise; Singaporean core increased.
Foreigners bore the brunt of last month’s Resort World Sentosa’s retrenchment exercise. Think for a moment. If we have an all-Singaporean workforce, today, more Singaporeans would be jobless. Foreign workers have always acted as a buffer against local retrenchment in a recession. This was the case during the global financial crisis in 2009. Consequently, unemployment among […]
In order to weed out biased recruitment practices, Patrick Tay suggested disclosing the names of companies on a watchlist.
Patrick Tay wants the names of the errant companies published. He also calls for more robust measures to strengthen the Singaporean Core.
Tough love needed to maintain upward trajectory
National Day Message of Mr Lee Kuan Yew Speaking off the cuff, Mr Lee Kuan Yew said in his National Day Message in 1971, “I am not here tonight to preach blood, sweat and tears or talk about the apocalypse. You have done well, six superb years, a magnificent performance against all the odds, so […]
Singapore and Australia sign Digital economy Agreement
The Signing of the Singapore-Australia Digital Economy Agreement (SADEA) on August 6 2020, marks a milestone in the long-standing and multi-faceted partnership between Singapore and Australia. It will allow our companies to take advantage of opportunities in the digital economy and tap on new technologies to create new digital products and services, Trade & Industry […]
265,000 migrant workers cleared from COVID-19 in Singapore
As of 3 August 2020, about 273,000 workers (approximately 89%) have either recovered or tested to be free from the virus. 265,000 of them have been given the Green AccessCode which allows them to return to work. These are workers from the construction, marine shipyard and process sectors. Of these, 180,000 are residents in dormitories. […]
Singapore’s economy set for a strong recovery next year, GDP to grow by 7%
Singapore’s economy is set for a strong recovery next year after a deeper-than-expected slump amid the coronavirus pandemic. According to a report by the ASEAN+3 Macroeconomic Research Office (AMRO), Singapore’s economy is expected to recover strongly next year with GDP expected to grow by 7% after shrinking 6% this year. The GDP growth forecast for this […]
‘People aren’t dying in the streets,’ Brad Bowyer says
As the world’s scientists rush to develop the COVID-19 vaccines in a desperate bid to save lives and economies, Brad Bowyer claims that the narrative that ‘economies can only fully re-open when a vaccine is available’ is one of the biggest agenda-driven hoaxes in history. He calls this a ‘fear-mongering’ narrative. “People are not dying […]