Posted by ks55 > 2018-02-19 22:42 | Report Abuse

If this is the way to boost GDP, Singapore is going to holland together with India.

Why?

Sing dollar is still very much over-valued.
Singapore is no more competitive to operate business.
Singapore port is going to lose more and more business as its leader offended China.
Singaporean are asset rich, but cash strapped. Hard to enjoy comfortable retirement life.
Singapore retiree will have to work until 80 year old.
Singaporean will not be able to enjoy affordable healthcare.
Singaporean cannot afford long term care at their advanced age in home country.

All in all, Singapore government must tax more to keep the island state appears to be prosperous............