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Daily Archives: 2009-04-14

An alternative to penalising labour

Donaldson Tan suggests a recession insurance for non-financial firms. Firms are not going to stop retrenching workers whom they deem as excess manpower regardless of wage subsidy schemes. Instead, the fiscal policy for saving jobs ought to be targeting firms that face difficulty in raising short-term credit.

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Public Order Act – which country would you be in?

Have we gotten that balance right? Well, ask yourselves two questions. In our region, which country would you rather be in? And amongst the countries in the world which became independent in the 1950s and 60s, which country would you rather be in? Second Minister for Home Affairs, K Shanmugam, on the Public Order Bill (video)

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