Even the heavens wept for Lee Kuan Yew

lky remembered

Even the heavens wept, with the rain coming down on Lee Kuan Yew’s funeral. That couldn’t prevent people from pouring out on the streets to pay their respects to the departed leader.  “Lee Kuan Yew! Lew Kuan Yew!” the crowd chanted in thunderous ovation to the founder of the nation. Vindication or nostalgia, it had to be one or the other that surged forth in this vast outpouring of affection.Continue Reading

LKY and FDI

Lee Kuan Yew
Lee Kuan Yew

Singaporeans mourning the death of Lee Kuan Yew should not pay any attention to a few Western commentators carping about him. He was admired at home and abroad. World leaders have been paying their respects to him. And if there is any doubt about how attractive Singapore is, consider this.  In no rich country does foreign direct investment (FDI) make up a bigger share of the economy than in Singapore, if we leave aside Hong Kong and Luxembourg.Continue Reading

The legacy of Lee Kuan Yew

Lee Kuan Yew
Lee Kuan Yew

It’s the end of an era in Singapore. Lee Kuan Yew died at 3.18 am today at the Singapore General Hospital, where he had been warded for severe pneumonia for more than a month. He was 91.

Singapore today lost not only its first prime minister, but also the man who personified exceptionalism.

Generally, commentators talk about American exceptionalism, but hasn’t Singapore been exceptional too?Continue Reading

Behind the success of Singapore universities

Congratulations, Nanyang Technological University. NTU is now No 1 among all the universities in the world that are less than 50 years old, according to the Quacquarelli Symonds (QS) World University Rankings. The question now: Will the university have more Singaporean postgraduates?

  “It can be difficult to encourage Singaporeans to choose the academic path. At Nanyang, for example, just 30 per cent of the postgraduates are locals,” David Matthews wrote in the Times Higher Education (THE) in November last year.

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Retiree households among the poorest in Singapore

The Household Expenditure Survey presents a grim picture of retiree households, where nobody is working and everyone is over 60.  They are poorer than the poor. Even with CPF and help from the government, family and friends, their average income is less than the poorest 20 per cent households’.

While the poorest 20 per cent households had an average monthly income of 2.020 Singapore dollars (about $1,600) in 2012/13, the average retiree household’s was considerably less – not even S$2,000.

Retiree households’average monthly income
Retiree households’average monthly income

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