Excerpt from Newsweek International

By Sonia Kolesnikov-Jessop

Jan. 29, 2007 issue – Tiny Singapore, with its population of 4.3 million, is often lauded for the way it has embraced globalization to maximum advantage. In the last decade, the city-state has opened its doors wide to foreign investment and talent, slashed corporate taxes, offered incentives to nurture strategic industries (such as biotech, pharmaceuticals and financial services) and cut free-trade deals with a host of other countries. The payoff has seemed clear: over the past three years, Singapore’s economy has averaged 7.6 percent growth—a staggering pace for an industrialized state—and created new jobs at a rate any European government would envy.

There’s only one problem: average citizens have yet to reap the benefits. New statistics reveal that middle-class households have tasted none of Singapore’s spectacular growth, and that the island’s poorest 30 percent are worse off than they were five years ago. “Although we have seen very strong growth, we’re experiencing this new phenomenon of median real-wage stagnation and low-income decline,” says Yeoh Lam Keong, vice president of the Economic Society of Singapore.

Read the full article in Newsweek

Subscribe
Notify of
0 Comments
Inline Feedbacks
View all comments
You May Also Like

若用户的使用心态未改善 普杰立:当局或考虑禁个人代步工具

若用户的使用心态未有改善,当局或考虑全面禁用个人代步工具(PMD)。 交通部兼通讯及新闻部高级政务部长普杰立医生,昨日在国会上,回应有关个人代步工具的问题时指出,最理想的情况应该是划分不同的专用通道给不同的使用者例如行人、个人代步工具、车辆,但碍于基础设施的限制,当局目前仅允许行人与脚踏车能够共用人行道。 普杰立表明目前正与陆交局合作,尽快采取措施如扩建人行道或安装限速条、改善事故热点的安全。同时当局也会加快建造个人代步工具和脚踏车专用道。 因此,在措施仍未全面实施前,他也促请个人代步工具的用户需小心使用器材,多替别人着想。 “如果他们(个人代步工具使用者)的态度没有改善,我们可能没有办法,只好在新加坡禁用个人代步工具。这会是个遗憾“,他表示。 本社日前报道,陆交局自上月23日开始至本月3日,短短两周内,已经接到逾2800份有关销毁不符合防火标准的个人代步工具之申请。而当局也回收了940台不符合标准的个人代步工具。 为鼓励民众销毁不符合防火标准的个人代步工具,陆交局自上个月开始,在指定地点收取民众不符合UL2272防火标准的代步工具,而符合资格的民众可获得100元的奖励金。 涉电动踏板车事故至老妇重创亡 上月21日,发生一宗涉及个人代步工具的不幸车祸:年轻电动踏板车骑士疑载女友超速,结果撞倒一名骑脚车的65岁妇女。事件引起坡民激烈反弹,亦有网民在网络发起联署活动,收集得超过6万7000人签名,以提呈给陆路交通管理局、总理李显龙和律政部长尚穆根。 近期王美英遭电动踏板车撞倒的个案,绝不是首宗事故,事实上此前已有人被电动脚车骑士撞至脑部受创,以及小孩被撞伤等个案发生。这致使行人走在行人道都要人心惶惶,警惕是否有电动踏板车突然杀出。 个人代步工具意外事件频传,7月时,宏茂桥与武吉巴督于两周内发生火灾,均以个人代步充电后引起火患,导致多人受伤入院甚至还造成一人死亡。 据民防部队统计,去年已有74起个人代步工具相关案件被通报,均因个人代步工具电池所引起。

Elderly lady’s toes amputated after suffering serious injuries from bus accident

An elderly lady’s toes have been amputated after suffering serious injuries from…

黄循财透露探讨VERS计划 收集应对屋契到期方案

国家发展部长兼财政部第二部长黄循财在博客上称,大部分购买非成熟区组屋(NME)买家利用很少的按揭付款,甚至是零现金支出。 据黄循财表示,今年他们正努力地为新加坡人建造经济实惠的公寓与好房。许多非成熟区楼盘如榜鹅、盛港、登加均以实惠的折扣售卖组屋,减轻买家的负担。 他也提及政府今年两大重大政策:提高购买组屋的收入上限以及推出额外安居津贴(Enhanced CPF Housing Grant)。 他指出,“他们(新加坡人)能够在购买新组屋时享有高达八万元的补助,若购买转售组屋,便可享有16万元的补助。” 过去五年30亿元投入各项提升计划 黄循财续指,政府在过去五年中已投入约30亿元,以支援建屋局多项计划,例如将屋契回购计划(Lease Buyback Scheme,简称LBS)的范围拓展至所有组屋单位。 “这也允许组屋屋主在年满65岁后,将屋契卖回给建屋发展局,以便终身获得固定入息,补贴退休所需,并继续住在同一个组屋单位里。”…

Unprecedented orders issued to TRS to shut down

In an unprecedented move on Sunday, the Media Development Authority (MDA) of…