No, Singapore isn’t returning to the pre-COVID days
A steep slump as the Singapore economy contracted by 13.2% year-on-year in Q2, 2020. This makes for our worst quarterly performance on record as Singapore narrowed its economic forecast for 2020 to a contraction between 5 and 7%. Grim outlook. It reflects the devastating impact of Covid-19 as well as the deeper forces reshaping the […]
My National Day as a Singaporean Malay
In my country, I am respected as a minority, not persecuted. In my own native language, millions of Singaporeans joined together to sing the National Anthem, and I couldn’t help but feel proud of myself. Credit: NDP Being a Singaporean Malay born, raised, and living here, I have never felt my loyalty questioned. Some individuals’ […]
No matter what challenges arise, Singaporeans will prevail and united
In his 2020 National Day Message, Prime Minister Lee Hsien Loong stated that Singaporeans come together every year, rain or shine, to celebrate the making of our nation, and renew our commitment to Singapore. As we celebrate National Day this year (“2020”), we are faced with a global COVID-19 pandemic. No matter what challenges arise, […]
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 […]