Recently, a new buzzword has emerged in the local media – productivity. It all begun in December 2009 when the Reform Party publicised its economy policy proposals at a party seminar which attracted quite a significant fanfare locally. The fanfare for productivity peaked twice - first during the public annoucement of the release of...
Read more »

GST hurts the lower income group more than the higher income group and should be abolished if the administration is truly interested in helping the lower income group. The only means leading to a prosperous future is through savings, better allocation of capital into productive capacity and not through a bigger government budget...
Read more »

Many countries waste too much resource in a complicated tax system. They collect income tax, consumption tax and a variety of other taxes and have complicated rules on the items to be taxed and the reliefs that are allowed.
Read more »

Last month, the Institute of Certified Public Accountants of Singapore (ICPAS) organised its inaugural Pre-Budget Roundtable 2010 whereby members of the business community made known its appraisal, interest and consideration to the Singapore Government on Budget 2009 and its expectation for Budget 2010.
Read more »

Singapore’s re-invention won’t be easy – but it doesn’t matter. Singapore has made mistakes in its attempt to push its economy in new directions. Attempts to promote the Singapore exchange to Chinese firms looking for a foreign listing, led to lower standards and a series of scandals, as I discussed here: Why you must...
Read more »

The government has set undemanding targets for productivity growth that are likely to be met anyway as the economy recovers from recession. Singapore is in danger of slipping further behind the advanced economies with all the consequences this entails for real incomes. Yet the Budget fails to address this and instead we get...
Read more »

The PAP will continue to do everything except what is most needed, that is, free up economy. But, alas, the ruling party knows that the only way that it can continue to exert its overwhelming control of Singapore is by controlling the economy. Budget 2010 is no different from past budgets. It is meant...
Read more »

The National Solidarity Party (NSP) appreciates the PAP Government efforts to invest in the productivity growth of Singapore, but we are also concerned whether the scheme would really benefit a majority of our Small & Medium Enterprises (SMEs).
Read more »