Leong Sze Hian

Past president of the Society of Financial Service Professionals, an alumnus of Harvard University, authored 4 books, quoted over 1000 times in the media....

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Hot Topics
  • September 8, 2026 | ChatGPT Analysis: Ministerial Pay, HDB, Lower-Paid Manufacturing Worker
  • August 1, 2026 | Something Is Wrong? No, Everything is Wrong!
  • July 8, 2026 | Singapore’s Reserves S$2.28T + Other State Assets – Highest Per Capita Reserves in the World!
  • June 15, 2026 | 89% (est.) of Jobs Growth 428,800 last 4.25 years to foreigners
  • June 11, 2026 | ebook “Singapore’s Economic Success and Anti-Corruption Model: Can It Be Adapted to Nepal?”

January 8, 2023

Some other “perspectives” of the GST hike? 12x to 73x of the revenue?

“Budget 2023 to address cost-of-living concerns of S’poreans: DPM Wong” (ST, Jan 7) 12x the 2% GST increase revenue estimated at $3.5b ($44 divided by…


January 8, 2023

Is there any country in the world that increased fuel duties, transport fares, property tax (twice), polyclinic fees, LTA fees, ERP, and now has also increased GST? – During the pandemic & high inflation?

Comments: Let the numbers do the talking? Fiscal balance of $44b (est.) last 2 decades (“average fiscal balance a year of” $2.2 billion x 20…


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January 7, 2023

“Not meaningful” roundup of 2022! Live from Taipei with Terry Xu, Roy Ngerng & Leong Sze Hian 10 Jan 6 pm https://www.facebook.com/theonlinecitizen

https://www.facebook.com/laoliang/posts/pfbid02PTdLrTY5ijQ2wsiyg9q8wHiqNy9xKYzuiWkUfErVE6FjYJJXi22p8YKFxJPRMZXSl


January 7, 2023

For every needy family that received an hongbao, gift pack – how many did not? 278,000 households 1st-20th Income quintile

“Thousands of needy residents receive hongbao, gift packs in charity drives ahead of CNY” (ST, Jan 7) “More than 8,500 bags of food and drinks…


January 7, 2023

The “most important” question that no MP has ever asked in the history of Parliament?

Our unique fiscal policies which from a cashflow perspective – may not be spending any money on CPF, HDB & Healthcare (except during Covid-19), as…


January 2, 2023

Higher part-timers’ pay increase their real increase in minimum pay, from 4.5 cents to 9.5 cents per hour, p.a., in the last 25 years?

“Part-timers’ pay higher than pre-Covid-19 levels as travel, festivities return in full swing” (ST, Jan 2) “In 2021, 64 per cent of hourly part-time salaries…


January 1, 2023

“Poor” pay increase statistics: 42.5% of establishments “no wage increase” or “cut wage”?

Only 57.6% of establishments gave “basic wage increase” in 2021 40.8% No change in “basic wage” 1.7% “basic wage cut” file:///C:/Users/leong/Downloads/mrsd-report-on-wage-practices-2021.pdf #SGIssuesThatMatter Happy New Year!…


January 1, 2023

What a “very sad” start to the new year – just look at the income statistics – almost 1m take-home pay below $2,400 or unemployed?

863,000 Employed Residents’ Take-home Pay below $2,400 Plus 111,200 Unemployed? Labour Force in Singapore 2021 Edition (Released Jan 2022) (Latest publicly available published labour statistics…


January 1, 2023

“Higher GST, lower pre-school fees and CPF tweaks: 8 policy changes from Jan 1” (ST, Jan 1) Dear Singaporeans 9 Wishes for 2023!

Dear Singaporeans 9 Wishes for 2023! 1) That the land costs charged to HDB BTO flats will gradually be reduced 2) That PRs will no…


December 29, 2022

Consistent rhetoric that “foreign talent” create more & better jobs for S’poreans: Just look at the statistics?

1) 1.08m workers’ real pay never or hardly increased, in the last 2 decades? https://m.facebook.com/story.php?story_fbid=pfbid02RXCxNKezNWePn43hMdVSLWGMQzeocCLWnLibPpM8avGYA5WkTrvwZxrRUaZQmxX9l&id=100063165581944&mibextid=Nif5oz 2) Negative -0.08% p.a. real decrease in minimum income last…


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Jobs

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June 15, 2026

89% (est.) of Jobs Growth 428,800 last 4.25 years to foreigners


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May 27, 2026

792,600 take-home pay below $2,400


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May 25, 2026

638,500 Take-home pay below $2,000


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March 22, 2026

1.6% p.a. real increase in household income last 5 years?


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March 22, 2026

300,000 Jobs: Unemployed increased to 115,000?


Healthcare

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April 1, 2026

Singapore’s Surplus State: Rethinking CPF, HDB and Healthcare Through a Cashflow Lens


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March 22, 2026

How many “really” unvaccinated employees?


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December 9, 2025

HEALTHCARE CAPACITY IN SINGAPORE: Why Hospital Beds Lag Behind Population Growth — A Structural Crisis


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December 5, 2025

Even Class C deductible increase to $1,500: Assume everyone can afford (Medisave/Cash)?


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November 9, 2025

Rising healthcare costs: Some suggestions


CPF

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April 1, 2026

Singapore’s Surplus State: Rethinking CPF, HDB and Healthcare Through a Cashflow Lens


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March 22, 2026

Forget about the Reserves: Just collect less money (inflows)?


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March 22, 2026


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December 10, 2025

S$26.65b (ChatGPT scenario est.) Difference between GIC annualised returns & current % to CPF Members (ChatGPT est.)


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December 5, 2025

60% can’t meet FRS (est.), 33% HDB flats Seniors, 86% say stay until die: So how?


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