Sheng Siong Group Ltd (SSG) is a Singapore-based investment holding company that is engaged in the supermarket operations, and trading of general and wholesale importers and exports. The Company operates through the provision of supermarket supplies and supermarket operations segment. The Company is a retailer with over 40 supermarket/grocery stores located all across Singapore. The…
Sembcorp Industries Ltd is a company that engages in the production and supply of utilities services, terminaling and storage of petroleum products and chemicals. The Company’s segments include Utilities, Marine, Urban Development, and Others/Corporate. The Utilities segment offers energy, water, on-site logistics and solid waste management to industrial and municipal customers. The Marine segment focuses…
Much has been discussed on the prevailing role of state intervention all around the world. The discussions of state intervention have frequently been associated as an exemplary cause of poor countries. Though the list is not exhaustive, there remains a minority in which the extremeness of state intervention in the country has been the sole…
A short read at your local newspaper stand and you’ll find that the world economy isn’t doing very well… From negative readings of economic indicators to political conflicts, it seems like the good days are gone. Stock markets around the world are doing badly, and so are the commodities market and the different sectors as…
6 Challenges Singapore Face Recently, a trip to The Future of Us Exhibition got me thinking of how will Singapore be like during SG100. The exhibition portrayed a very dynamic yet unrealistic future of Singapore. Yet as we take a moment to look back at the past 50 years of transformation,
The rise of China’s economic power since the past decade has raised concerns regarding the ability to sustain such growth and whether it will be able to overtake the US as the global reserve currency.
In light of the upcoming General Election for Singapore, many political parties are campaigning to entice citizens to vote for them. Among a bundle of policies being promoted by different parties, one of which is the implementation of a minimum wage of $1,000 by the workers party. “Such a move would not only help the…
After such a long period, the topic on the cause of The Great Depression has yet to reach a definite answer. The Marxists contended that the depression was unavoidable under free-market capitalism as there was no restrictions on accumulations of capital which when over-accumulate will tend to lead to a crisis. On the other hand,…
Hey I’ve successfully completed my military training phase! So… throughout my 72km route march, a thought occurred to me. What happens if Greece defaults on its debt? It seems pretty bad IF the EU actually allows it to happen, but what if… it really does happen?
Familiar to many, the negative income tax was formerly developed by British politician Juliet Rhys-Williams in the 1940s and later by Monetarist Milton Friedman. The NIT acts like the regular tax system but instead of taxing lesser on people below the stipulated threshold, it supplements them with an additional income determined by the NIT. Take…
Just last week, the Strait Times Index hit its highest since pre 2007-2008 financial crisis of 3,525 points, breaking the 3,500 barrier.
As globalization progress, the economy of countries are becoming more inter-connected. Manipulation on currencies and capital controls to drive up exports are increasingly common in the modern world. These are all by-products of the movement of capital within and between countries. So what exactly does Capital Flow mean?
The recent passing of Singapore’s first Prime Minister Mr. Lee Kuan Yew on March 23rd has left a very deep mark on Singaporeans. Without him, Singapore wouldn’t be what it is today, a developed nation. A man with lots of controversies, he managed to lead Singapore from a country with no natural resources to one…
If you’d read the news frequently, economist often use key words such as “Bond yields” and “interest rates” as an economic indicator. At first glance, it could be hard to comprehend why these indicators are used to gauge the performance of the economy. In this article I will endeavor to explain the intricacies of such…
When President Xi Jinping assumed the role as president of the People’s Republic of China on March 2013, he vowed to transform China’s corrupted situation. At that point many people doubted his conviction to change China. To date, it seemed like Mr Xi is one step closer to his objective. From the period when Mr…
On the 22nd of January 2015, the European Central Bank (ECB) launched a massive government bond-buying program which will inject hundreds of billions in new money into the euro zone economy. The ECB said that the purchasing of sovereign debt will last about a year and a half from March onwards, till the end of…
When the market closed on 9th Jan, the crude oil ended with a price of USD $48.36. This was almost 50% its value from a year ago in Jan 2014. Before taking an attempt to reason out the cause for such a plunge in its price, it is important to understand that there was no…
Many countries around the world avoided free market capitalism due to many reasons one of which is that it leads to wealth inequality. Is it really that case? Well, the truth is, where there is wealth, there is inequality. Inequality is a real problem and it cannot be eliminated. A society that puts equality before…
What about the operations of the Federal Reserve System? In this day and age, the actual notes and coins circulating in the economy represent only a tiny portion of the money in existence. In actual fact, majority of the money supply is created by private banks as loans that are payable back to the banks…
Many of us are probably familiar with the term “Quantitative Easing” by now but what about the institution behind it? Before I dive into the system of the Federal Reserve, I would like to discuss about the history behind the Federal Reserve Act. The Federal Reserve Act was supposedly signed into law to prevent
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