Gan Kim Yong, Singapore’s Acting Minister for Manpower, said the new guidelines on management of excess staff will “send a clear message to employers on the need to leverage on the tripartite framework” between the government, employers and workers’ unions, so that any retrenchment can be conducted in a “responsible manner”. A sprinkling of euphemisms… Read More »
The world got out of the massive bout of falling prices, or deflation, during the Great Depression in the 1930s partly through World War II. Would we have to start World War III to dig ourselves out of the current financial crisis? Technorati Tags: World War WWII WWIII Great Depression deflation financial crisis
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I was back in Singapore last week and one thing I immediately noticed is how prices have gone up for practically everything. A taxi ride from the airport to downtown can easily cost more than S$25 with airport surcharge, CBD surcharge, peak hour surcharge, public holiday surcharge, fuel surcharge, and god knows what else. Even… Read More »
Banks and post offices remain open through the weekend in Shenzhen. That’s right, they are open seven days a week. Back home in Singapore, this level of service is unheard of. Banks, post offices and many other public institutions are open at most six days a week. The funny thing is, some months ago, I… Read More »
Think again. Oil is dirt cheap compared to some other “necessities”. Budweiser beer: $447.25 a barrelTabasco hot sauce: $6,155.52 a barrelPerrier: $300.61 a barrelStarbucks coffee: $954.24 a barrel, milk not includedBen & Jerry’s New York Super Fudge Chunk: $1,609.44 a barrelChanel No. 5: $1,666,560 a barrel