Lessons from Sri Lanka on bad politics, mismanagement and populism
Good politics, honesty and integrity, and good governance are topics the PAP Government repeatedly remind Singaporeans of, sometimes like a broken record. But the experience of Sir Lanks tells us just how important these are. Sri Lanka is in its worst crisis since its independence in 1948. A severe shortage of foreign currency has left […]
Are we rich? We should manage our critical Reserves with a founder’s mindset and be careful not to chip it away.
Our Reserves are a critical resource and society, as a whole, must be wise in how we manage this resource so that it is not eaten away over time. The calls to spend more from our reserves is not a new one. Twenty years ago, there were already calls to stop accumulating reserves and to […]
We have to manage our finances in a responsible way: Lawrence Wong
In 1959, Singapore won self-governing status from the British, and general elections were held. Dr Goh Keng Swee resigned as a civil servant to contest as a PAP candidate. When the PAP won, Dr Goh became Singapore’s first Finance Minister. He soon discovered that the government was almost broke, and expected a budget deficit of […]