By Leong Sze Hian Straits Times in its article, “Why does Singapore have an external debt of US$1.766 trillion?” (Straits Times, Dec 28) explains Singapore’s US$1.766 trillion external debt by stating that “A Government article on the subject explains that Singapore does not borrow to spend. Instead, it invests all the proceeds which it has borrowed.” It further states, “The income which …

A complaint was lodged by Mr Chew Chuan Seng via a letter on Lianhe Zaobao (6 December), asking why the Medishield cannot be used to pay hospitalization bill. Mr Chew wrote in his letter that he was informed he was inquired from the Central Provident Fund board in regards to details of a civil servant welfare scheme entitled, Co-Payment on Ward Scheme …

Two-thirds of businesses in Singapore say that the business climate has worsened over the last 12 months, with nearly half expecting a further decline in 2017, said Singapore Business Federation (SBF). However, SBF said that more can be done to mobilise companies for economic transformation According to the latest National Business Survey 2016/2017 conducted by the Singapore Business Federation (SBF), nearly two-thirds …

SBS Transit has announced that the routes of 18 bus services will be diverted due to road closures this weekend. It said that from 6.00pm on Saturday (31 December 2016) to 1.00am on Sunday (1 January 2017), three bus services – 99, 240 and 246 – will skip eight bus stops along Boon Lay Drive, Boon Lay Place and Corporation …

Certis CISCO Security Pte Ltd confirms with local media that it hopes to hire 120 university graduates as its auxiliary officers from Taiwan, aged 20 to 40, on two-year contracts. Yesterday, The Online Citizen reported that the company is seeking to employ potential auxiliary police officers (APOs) from Taiwan as an effort to booster the numbers of officers to support …

By Teo Soh Lung Watching Chancellor Angela Merkel handle the horrific tragedy in Berlin on BBC, I am full of admiration for her. She was calm despite the enormous responsibility and the increased blame that would be cast upon her for welcoming refugees. She acknowledged and expressed that fear openly and solemnly laid flowers at the site of the tragedy. …

By Chris Kuan The article “550,000 workers worse off than 8 years ago?” by Leong Sze Hian ought not be a surprise. Any high income economy would have experienced this, especially those highly dependent on trade and manufacturing. A very good example is Germany – the weak Euro played a huge role in its stupendous current account surplus (bigger than …

By Margaret Yang, CMC Markets Post-Christmas US economic data showed that consumer confidence and home prices are on the upward track, boosting market sentiment in the last few trading days of 2016. US equities closed higher on Tuesday, led by a strong performance in technology stocks. The Nasdaq Index ended at a new record high of 5,487 points. The US …