Singapore’s journey from Third World to First

The country celebrated 50 years since its independence in 1965. It also witnessed the death of its founding father and long-serving prime minister (from 1959 to 1990), Lee Kuan Yew. Singapore had a remarkable journey over the last 50 years—a journey that transformed it into one of the richest countries in the world. But today it faces different challenges to those encountered after independence. These challenges include an aging population, slow productivity growth and exposure to a weakening global economy through trade and finance. The nature of these challenges is indicative of Singapore’s journey from Third World to First.”

The Royal Bank of Scotland retreating from Qatar

RBS returns Qatar banking licence, country head departs Royal Bank of Scotland (RBS) has closed its branch in Qatar with its country head departing, RBS told Reuters on Thursday, the latest step in its withdrawal from the Middle East. AFP informed yesterday 30 April 2015 that the Royal Bank of Scotland said on Thursday it […]