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Daily Archives: 2011-09-30

High living costs, low wages & purchasing power?

~by: Leong Sze Hian~ I refer to the latest issue of the UBS Price and Earnings report, which is a study of purchasing power around the world (see HERE). Out of 73 cities ranked, Singapore comes in at 10, 42 and 47, for Price Level, Wage Levels and Domestic Purchasing Power, respectively. Triple whammy? What this may mean is that …

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Understanding meritocracy

~by Elvin Ong~ Meritocracy has often been viewed as one of the key tenets of Singaporean culture and local identity. We strive to reward people who are best for the job regardless of their economic or family background, race, or religion, as compared to other countries around the world that reward nepotism and cronyism. Yet, most recently, there has been …

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