Where’s the Task Force for Singaporeans? Urgent Action Needed on Cost of Living and Infrastructure Strain

Shernice軒嬣 2000
04-16


I find it quite frustrating that a new special task force is quickly set up in response to sweeping US tariffs, yet we don’t see the same urgency when it comes to critical domestic issues like lowering the cost of living or reducing the cost of doing business. For years, these have been pressing concerns—exacerbated by the long-term influx of foreign labour, which has strained our public healthcare system, housing, and transport infrastructure. Yet, there’s no dedicated task force to seriously tackle these challenges head-on.

To me, it often feels like these task forces are just another layer of optics. They pull ideas from civil servants and then parade them as ministerial initiatives. A friend of mine who was an ex-MTI officer shared how policies are actually formulated: ministers give the general direction, but it’s the civil service officers who do the heavy lifting—research, writing, strategizing. These proposals are then vetted by senior management and presented all the way up to the minister, who might tweak them slightly before giving final approval.

So essentially, we are paying some of the world’s highest ministerial salaries to individuals who may not even have deep knowledge of their assigned portfolios. Many are parachuted into ministries and suddenly become the face of policies they didn’t design. Meanwhile, the actual cost of developing and implementing policy is high—both financially and administratively.

In my opinion, this system lacks accountability and efficiency. It’s also unfair to the civil servants doing the groundwork. There needs to be a more transparent and grounded approach to leadership—one that prioritizes the real issues people face daily and gives credit where it’s due.

FOMC Decision: Are 3 Rate Cuts Still Possible This Year?
Currently, the market widely expects the FOMC to keep the federal funds rate target range unchanged at 4.25%–4.50% in this week’s policy meeting. Last Friday’s stronger-than-expected April nonfarm payroll data has given the Fed more room to hold steady. The market is still pricing in roughly 75 basis points of rate cuts this year—equivalent to three 25-basis-point cuts. But is the market being too optimistic? If rate cut expectations shift again, could the market come under pressure once more? As the broader market begins to pull back, what impact will this week’s FOMC meeting have?
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

  • 500k coming
    04-17
    500k coming
    Workers party!!!!!!!!!!!
    • Shernice軒嬣 2000
      It doesn't really matter who governs Singapore — a two-party system is gradually taking shape, even if it may take decades to fully develop.
Leave a comment
2