Heng Swee Keat’s words that interest rates could change very quickly proved to be prophetic
Back in Feb 2021 during the budget debate, Associate Professor Jamus Lim of Workers’ Party (WP) had suggested that borrowing be used to fund soft capital like education. Jamus Lim and fellow WP MP Louis Chua had argued that the notion of infrastructure should be expanded to include “soft infrastructure” like human capital. Then Finance Minister […]
Possible for countries to have relations with US and China and to work with both: PM Lee
At the 27th International Conference on the Future of Asia on Thursday, 26 May 2022, PM Lee was asked by Shigesaburo Okumura, Editor-in-chief of The Nikkei Asia how Singapore was going to build relations with the two major powers – US and China – in terms of economy, diplomacy and security? The editor-in-chief noted that […]
Can Singapore borrow to fund soft capital like education: Jamus Lim
Sri Lanka’s financial crisis didn’t happen overnight. It began harmlessly enough. Sri Lanka operated budget deficit after budget deficit. Instead of taxes, they borrowed at commercial rates to fund public services. Everything was okay as long as they were able to repay the loans and interests on time. But when their sovereign credit rating was […]
This year’s National Day Rally speech paid special attention to workers. It’s important to understand why.
The National Day Rally is typically seen as the most important political speech of the year – with the Prime Minister charting Singapore’s future direction and announcing policy changes. This year’s speech opened with COVID-19 as the backdrop that has changed the world as we once knew it. While PM Lee spoke about preserving our […]
60 years since Chan Choy Siong, PAP Women’s Wing continues its fight for women’s development
In the 1950s, women were second-class citizens. While they had full voting rights by 1955, in many other areas they lagged far behind men. Many were denied education. Husbands could have multiple wives. Jobs were harder to get and, when employed, women were paid less than men. This was unacceptable to Chan Choy Siong and […]
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 […]