In his Lunar New Year message this year, Prime Minister Lee Hsien Loong referred to the global economic distress, saying: “The Government is watching the situation closely. We do not expect a severe downturn, like the Global Financial Crisis in 2008.” Finance…
Read more
Economists, government leaders and opposition politicians all agree Singapore must jettison its development model of “extensive growth” based on factor accumulation – the addition of more labour, talent and capital to the singularly scarce resource, land, that defines our territorial…
Read more
AT 50, ACCORDING to George Orwell, everyone has the face he deserves. Singapore, which on August 9th marks its 50th anniversary as an independent country, can be proud of its youthful vigour. The view from the infinity pool on the…
Read more
For those who have placed the blame for slow wage growth squarely on cheap imported labour, this year’s headline figures in manpower would have been sobering. Despite sharp pullbacks in manpower inflows in the past few years — to the…
Read more
Lee Hsien Loong was also asked about Singapore’s low birth rate, and he admitted the government’s pro-family incentives are “still not enough”. In comparison to his father, Lee said he is “much inferior to him in this matter — what…
Read more