Morning call, November 11 2015
Good morning! We hope you’ve had a restful holiday yesterday.
Ms Aung San Suu Kyi believes that her National League for Democracy (NLD) party will win enough seats in Myanmar’s first election to form the government. Even thought the result is a big step forward for political reform, Ms Suu Kyi must manage the relationship with the military carefully, as they constitutionally still are entitled to 25 per cent of the seats in parliament, and have the right to appoint three key ministers.
It seems, as with so many other things, that you can go online to get your hands on the freshly-banned e-cigarettes, also known as vaporisers. Even as the authorities work to prevent the import and sale of these products, the anonymity provided by online selling still allows some retailers to evade the new strictures.
Money no enough for small and medium-sized enterprises (SMEs), many of which find that banks offer them loans that are too small or which come with conditions that are too onerous. Surveys by DP Information Group, Visa and Deloitte pointed out lower confidence levels for securing loans in the next six months and that more companies needed funds to mitigate cash flow problems and manage working capital.
On the other hand, money seems to be enough where Singaporeans’ charitable acts are concerned. The World Giving Index, using 2014 data from Gallup’s World Poll, ranked Singapore 34th and showed that close to 60 per cent of Singaporeans gave money to charity in the month before the poll, but less than 30 per cent volunteered for charity, and about 40 per cent helped a stranger. Still, not a bad showing, considering that Singapore ranked 64th in 2013 and 114th in the 2012 index. Corporates are no slouch either, with some, like watch retailer The Hour Glass, donating $5 million and caterer Neo Garden pledging to donate all its January 1 revenues each year.
Featured image by Chong Yew.
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