Leong Mun Wai is a Non-constituency Member of Parliament for the Progress Singapore Party and the CEO of private equity firm, Timbre Capital. He explains to PJ Thum about Singapore’s financial reserves, where it comes from, and how it is spent. They talk about the need for more transparency and accountability over how it is spent, and the inherently political nature of the trade offs between saving Singaporean income and investing it in social welfare and Singapore’s future. They also talk about the recent Monetary Authority of Singapore (Amendment) Bill, how it suggests a loosening of financial discipline and responsibility, and why it is potentially very troubling for Singapore.
Leong’s speech in Parliament on the Monetary Authority of Singapore (Amendment) Bill can be found at psp.org.sg/speech-mas-amendme...
This is a video version of an episode of the Political Agenda podcast. For the podcast, please see newnaratif.com/category/podca.... The podcast is also available on Apple, Spotify, Stitcher, and everywhere else you usually get podcasts from.
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17 фев 2022
