With no domestic market and limited aviation experience, Singapore’s dream of owning a world-class international airline seemed far-fetched, but Pillay believed it was achievable.
The People’s Action Party was seeking a strong mandate to contend with the economic and public health crisis caused by the pandemic – instead it got one of its lowest vote shares in decades.
On top of the huge amount of money doled out and the absence of bad news, the coronavirus outbreak is the perfect platform for the People’s Action Party to remind Singaporeans why it is in power.
As tech firms and internet services ride a US$240 billion wave of success, the firms supplying their lifeline – data and connectivity – are caught in a downward spiral of price wars, falling profits and cost cutting.
Best World has refuted claims of unlicensed direct selling in China, and that it overstated earnings from its operations in the country – but losing more than US$734 million from its market value is just the start of its worries.
Singaporeans will get US$7.3 billion in subsidies and cash handouts – but while the government will log a deficit, its huge surplus means it has more than US$11 billion to spend before the next election, due by 2021
Benefits of the EU-Singapore FTA include the elimination of tariffs between both parties in five years. The deal is seen as a stepping stone for the EU, which is eyeing a wider deal with the Asean bloc
Myanmar’s unofficial leader uses Singapore lecture to warn of ‘grave consequences’ for countries in the region – and defends her government’s handling of the situation in Rakhine.
The Lion City’s hosting of the Trump-Kim summit is not the first time it has provided a link between North Korea and the US. Meet Singaporean Patrick Soh, who brought the burger to Pyongyang – and tempted Kim Jong-un.
Both the ruling party and opposition are preparing to move on from established leaders. Their choices will set up the upcoming electoral battle and define the national issues over the next decade.
Most see a hike in the goods and services tax – the first in over a decade – as a necessary move, but some think it is a sign the city state has no long-term answers for its ‘demographic time bomb’.
