Opinion

Prof Lim Chong Yah’s proposals are timely and should be implemented

~ By Ng E-Jay ~ Professor Lim Chong Yah, the Albert Winsemius Chair Professor of Economics at Nanyang Technological University and one of the key architects who helped overhaul Singapore’s economic system and wage system in the late 1970s, has spoken out very strongly against the current malaise plaguing low income earners in Singapore. He has also proposed raising the …

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Prof Lim clarifies on Economic Restructuring II (ERII).

MEDIA RELEASE ~ By Professor Lim Chong Yah ~ I am honoured that my public lecture on ERII (also termed as shock therapy) has attracted the attention of so many concerned Singaporeans. At least two reservations should be explained by me to clear the cobweb of misunderstanding. The first serious and perfectly understandable and deeply appreciated concern is the gap between …

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What practice has taught me

~ By Adrian Tan ~ I have been in practice for 20 years.  My view of the law as a career? The pay is unremarkable.  A junior lawyer’s income is the same as that of a fast-food restaurant manager, when hours worked are taken into account.  Because lawyers work all hours of the day (often at great cost to their …

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$5 benefit for every tax dollar a fairytale?

~ By Leong Sze Hian ~ I refer to the article “How 2-room households get $5 for every $1 tax” (Straits Times, Apr 10). According to the report, a household income of $1,200 income can buy resale flat? How likely is it for the example given of a low-income household which has a combined income of $1,200 (excluding employer CPF …

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Fuel cost price goes down but tariff goes up!

~ By Leong Sze Hian ~ I refer to the Energy Market Authority’s (EMA) reply “Power tariff increases in line with fuel prices: EMA” (Straits Times, Apr 7) to my letter Power tariff peg to fuel prices raises question over latest hike” (Straits Times, Apr 3). It states that “While Singapore is a price-taker when it comes to fuel costs; …

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Measure outcomes not effort

~ By Leon Perera ~ The current national moment of urgency in solving social problems is welcome and long-overdue. In Budget 2012 and the 2011 General Elections, no question loomed larger. But whether it is about retirement adequacy, healthcare affordability or helping the poor, the same questions tend to be asked: “Is the government doing enough?” followed by “What more …

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There must be a public-private divide

~ By Ghui ~ I read about the Net Economic Value (NEV) framework getting scrapped with great interest ('Framework to get civil servants to watch financials dropped', TODAY, 06 Apr 2012). I never really understood its practical relevance when it was first bandied about a decade ago. While it sounded good on paper, it was a concept that did not …

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Hong Kong government smarter than million-dollar PAP

~ By David L K See ~ (1)  How the Hong Kong government protected the interests of its own citizens 1.1  "HK overturns landmark ruling on foreign maids"  (My Paper, 29 Mar 2012, page A2) A landmark lower-court ruling that would have let foreign maids gain permanent residency in Hong Kong was overturned on appeal yesterday (by a three-member panel …

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