Ever practical, the Singapore government has decided to reduce employers’ addiction to Jobs Credit, by phasing it out on a reducing basis over another 6 months. If industry looks like it’s going to die from withdrawal, I guess it’s always ok to give another injection of heroin sometime later down the road:From Straits Times:THE Government ...

First, a leadership change. Then, an “independent&# 8221; audit to identify lapses in governance. To top off with cream, we have yet another statement from the new leadership justifying the ‘peanut lifestyle’ that the good reverend and wife enjoy. We wonder what REAL floaters will be revealed to the public once the police investigation concludes, after ...

The news just keeps getting better for the Americans: General McChrystal, after getting down on bended knee ala Paulson, to ask for his surge, now admits that it’s a tie between “shock and awe” military might of the US and the Taleban who need to smuggle opium to fund their AK-47 ammo stock. As I’ve ...

Recent posts have already highlighted how the Chinese government and “guan-xi” ;ed property developers in China have adopted a Sidewinder “Fire-and-Forg et” approach to boosting GDP numbers, never mind the fact that income (from tenancy) is still missing. So it was no surprise to see SCMP weigh in on the topic (contributed by our very own Toh ...

Breaking (or should I say “braking” ;) news from China: “BOC says new yuan lending must stop” (from WSJ).Bank Of China has ordered its credit officials to halt any new yuan loans due to overly fast lending growth so far in January, a person familiar with the situation told Dow Jones Newswires on Wednesday.The headquarters of ...

It’s finally happened: Stuyvesant Town is in default. So we can kiss our US575 million goodbye (yes, it’s our money, and   for those who don’t like to count in USDs, it& …

Here’s an interesting take from an angry American (David Michael Green  – a professor of political science at Hofstra University in New York) on why Obama will be hated more th …

Yet again, due to the lack of any independent view on the Singapore property market, the media (and the Singapore public in general) hangs on to every view emanating from the very pushers who want desperately need the property market … Continue reading →

Will wonders never cease. Despite Dubai’s penchant for sub-humanizing women, supersizing buildings, and conjuring prime real estate continents out of sand, the government actually gets it right this time. Instead of bailing out the drug pushers that fueled the boom (which almost every other major economy has done), it is essentially saying that lenders, too, ...

Nothing that regular followers of this blog will not already know, but still, it’s a good summary of what Euroskeptics think about the Grand Project.Key highlights from Nigel Farage’s rant (ht ZH): Good morning Mr. van Rompuy, you’ve been in … Continue reading →