With Lee Gone, Singapore Confronts Hard Truths

With Lee Gone, Singapore Confronts Hard TruthsLee Kuan Yew may have been no more than a spectator for the last two years of his life while his son and a cohort of capable ministers ran the show. But just as the patriarch’s departure from this life has set Singaporeans wondering just how the political and social system will now evolve without…

Don’t Count Singapore Out Yet

Don’t Count Singapore Out YetAlthough some skeptics, including Gordon Chang, who erroneously predicted the collapse of China,  are now predicting the collapse of Singapore on the death of founder Lee Kuan Yew, the odds of any quick deflation are against it for a variety of reasons, one being the city’s geographical location as the economic capital of the region…

Singapore Growth Falls But Still Doing Well

Singapore Growth Falls But Still Doing WellThis year is the 50th anniversary of the founding of Singapore, the island republic that is considered the richest country in Asia by per-capita GDP.  But according to a new analysis by Asianomics, The Hong Kong-based financial analysis firm, “there is undoubtedly a mood of frustration that the glory growth years are over.” Although Asianomics…

Singapore: Tentative Change in 2015

Singapore: Tentative Change in 2015On the usual measures of economic prosperity, Singapore went from strength to macroeconomic strength in 2014. Real economic growth was between 2.5 and 3.5 percent for the year. The world economy was forecast by the IMF in October to have grown at 3.3 per cent.  Singapore continued to grow in importance as an ASEAN hub for RMB-denominated financial…

Singapore’s Vaunted CPF under Fire

Singapore’s Vaunted CPF under FireSingapore’s famed Central Provident Fund (CPF), emblematic of state planning at its responsible and creative best under the People’s Action Party (PAP), has become a political headache for Prime Minister Lee Hsien Loong.  The retirement scheme, which currently takes a hefty 20 percent of employees’ income and 16 percent of employer contributions off the top,…

Development of Asean Bond Market Picks Up

Development of Asean Bond Market Picks UpSoutheast Asia appears on the fast track by any microeconomic measure. According to figures released in October by the 10-member Association of Southeast Asian Nations, gross domestic product grew by 5.7 percent in 2012. Contrast that with the anemic 1.4 percent in developed countries last year. But even if the region is booming by comparison…
Page 2 of 212