04
Jan
According to a news report in Singapore, households here spent about S$1.4billion on tuition between October 2017 to September 2018 (Todayonline, 12 Sep 2019). Considering this is a country with a small population of around 5.7 million people, private tuition seems a relatively large expense for families with children. So why do parents spend so […]
15
Sep
Singapore’s Fiscal Stiumulus 2020**** Singapore is experiencing its worst contraction of GDP since independence. In response to the health and economic crisis, the government has implemented an unprecedented fiscal stimulus that draws heavily on the country’s reserves. It is apparent that the spending focuses on preserving jobs, knowing that Singapore’s Government spending, albeit very large […]
10
Mar
The implosion of an alliance between OPEC and Russia triggered a hefty cut in oil price by Saudi Arabia, and hence launching a price war against Russia in a bid to retake market share. Why didn’t the stock markets cheer the lower oil price which theoretically will decrease the marginal/unit cost of production and boost […]
03
Aug
The downward revision of Singapore’s 2019 GDP growth forecast is a testament to how a very open economy is extremely susceptible to external shocks. Click here to read more