WP’s Louis Chua explains why $1 is worth less in Singapore than elsewhere

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'We are supposed to be one of the leading financial centres in the world, but our equity markets do not suggest so,' he added

SINGAPORE: Workers’ Party MP Louis Chua posted an interesting question on Facebook on Tuesday morning : “Why is $1 worth less in Singapore than elsewhere?”

Meaning a dollar of earnings in Singapore is worth less than the same dollar of earnings in other exchanges,” wrote Mr Chua. Mr Chua continued his post in a comment, pointing out that he has called on the Government to consider imposing regulatory requirements for companies to meet minimum governance standards.

 

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