“Needy residents in the South West District received various free electrical appliances on Wednesday due to an initiative by the South West Community Development Council and appliance manufacturer Akira.

Akira has donated S$120,000 worth of appliances for 50 low-income households.

A set for each household includes a kettle, stove, rice cooker, radio and cordless phone.

Mayor of the South West District, Dr Amy Khor, was on hand to give the recipients a few tips on using the appliances”.

Dividing $120,000 by 50 equals $2,400. Are these top-end very expensive appliances? A kettle, stove, rice cooker, radio and cordless phone cost $2,400?

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--> 2) The relative priority which is placed on these challenges

3) Where the Out of Bounds (OB) markers currently lie

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--> - Minister for Community, Youth and Sports, Dr Vivian Balakrishnan during the debate on the casino issue. (Nov 17, 2004, Straits Times)

In recent times, it seems that the government is adopting schemes which run counter to the principle espoused by Dr Balakrishnan above. Namely, that Singaporeans be allowed to make their own choices and not be subjected to government legislation to do so.

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Patting each other on the back would seem to be the gist of his economic front. After all, Singapore did emerged stronger from SARS; terrorism; recessions; bird-flu into this current boom. Expect PM to remind us that much of the credit is due to our government’s foresight of structural changes, diversification of economy and the opening up of our economy.

2. STI Index

With the global credit market in a flunk, and with the STI losing about 10% over the past 2 weeks, I personally feel that there won’t be too much tough talk. It’s also a good bet that there will be some soothing words regarding the credit markets and how Singapore will sail over this patch.

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