S’pore: “Regime change” or “Regime change policies”?


Is a “regime change” or “regime change policies” better?

I refer to the article “Mahathir Mohamad charts new democratic path for Malaysia” (Financial Times, May 29)

It states that “Mr Mahathir, who has always enjoyed needling neighbouring Singapore and its long-ruling People’s Action party, said the electoral earthquake in Malaysia would reverberate across the narrow Straits of Johor.  “I think the people of Singapore, like the people in Malaysia, must be tired of having the same government, the same party since independence,” he said.”

It need not necessarily have to be a “regime change”, as the regime can also simply change its policies.

For a start, perhaps we could think about disclosing the excess of the cash inflows to outflows annually, current accumulated surpluses and make public the actuarial reports, for MediShield Life, CPF Life and ElderShield (projections for CareShield Life).

Also, isn’t it time for us to reassess our policies of – from a cashflow perspective – not spending any money on pensions (CPF), healthcare or public housing (HDB)?

Leong Sze Hian

About the Author

Leong Sze Hian has served as the president of 4 professional bodies, honorary consul of 2 countries, an alumnus of Harvard University, authored 4 books, quoted over 1500 times in the media , has been a radio talkshow host, a newspaper daily columnist, Wharton Fellow, SEACeM Fellow, columnist for theonlinecitizen and Malaysiakini, executive producer of Ilo Ilo (40 international awards), Hotel Mumbai (associate producer), invited to speak more than 200 times in about 40 countries, CIFA advisory board member, founding advisor to the Financial Planning Associations of 2 countries. He has 3 Masters, 2 Bachelors degrees and 13 professional  qualifications.