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Post Info TOPIC: Things are getting worse in Singapore


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Things are getting worse in Singapore


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enterprise2 is offline Alfrescian
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Jul 2012
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Default Things are getting worse in Singapore

Manufacturing down...Sinkapore not tapped into mobile phones and tablets market.Cost of living going up but Sinkies salaries and bonuses
and increments (if any!) under severe strain. In fact companies are retrenching due to poor economic outlook. Also Gahment pumping in so
called investments into infrastructure.. HDB flats, roads, MRT...etc to float the economy and address shortfalls in infrastructure. This has
caused endless frustrations in traffic jams, noise, congestions and also the influx of FTs. But these improvements in infrastructure comes
with increases in price. U all know whenever food courts are renovated, they open with a new price lists rite?


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Money pumped into infrastructure NOT reaching fast enough into citizen's pocket .

We have to curb this blatant wastage .



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S¡¯pore likely in recession now based on PM Lee¡¯s New Year message

(AFP, 31 Dec): Singapore likely slipped into recession in the three months to December, analysts told AFP on Monday, as data showed growth in 2012 came in lower than expected.

In his New Year¡¯s message, Prime Minister Lee Hsien Loong said ¡°growth was slower this year, at 1.2 percent¡±, which is well off the official growth forecast of 1.5-2.5 percent.

However, CIMB Research economist Song Seng Wun said the figures for the year indicate the economy shrank 3.5 to 4.0 percent quarter on quarter in October-December, which followed a contraction of 5.9 percent in the previous three months.

Two consecutive quarters of contraction point to a technical recession.

¡°It¡¯s basically just the magnitude of (the recession) rather than if,¡± he told AFP.

And Jason Hughes, head of premium client management for IG Markets Singapore, said: ¡°It would seem that the PM¡¯s statement of 1.2 percent growth for 2012 would suggest that we¡¯ve contracted in the fourth quarter which would put us in technical recession territory.¡±

.

More news on: http://www.thenewstribe.com/2012/12/31/singapore-likely-in-recession-after-gdp-data/

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