PM Lee Foresee Massive Retrenchments Later This Year
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Originally posted by Chew Bakar:
protection money
Just to console the lau aunty mamasan. She is feeling down today. -
Originally posted by Chew Bakar:
protection money
in a way, more legal -
Oops. i Go work liao, bye bye aunty, bye bye uncle and ALL!!!!
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Originally posted by angel7030:
Oops. i Go work liao, bye bye aunty, bye bye uncle and ALL!!!!
bye, lau aunty mamasan angel. Hope your pinkie visits you in your pub. -
Originally posted by charlize:
Frankly, I don't get it.
With so much access to cheap labour from around the region, MNCs should not have a problem operating in sg.
Isn't that why the government opened the floodgates to cheap foreign labour in the first place?
But operating in other countries is cheaper, lah! China, India, Malaysia, Thailand....all cheaper! Why come to Singapore? -
Originally posted by Yxxxone:
http://in.reuters.com/article/businessNews/idINIndia-41627720090808
Reuters India, 8 Aug 2009
Singapore PM warns of more retrenchments in 2009
SINGAPORE (Reuters) - Singapore's Prime Minister Lee Hsien Loong warned the city state to brace for further job retrenchments in 2009, although he said the economy did better than expected in the first half of the year.
"We might see another wave of retrenchments later in the year, so we must stay on guard for more challenges to come," Lee said in a recorded speech on state television on Saturday, the eve of national day.
Singapore's preliminary unemployment figure stayed at a seasonally adjusted 3.3 percent in the second quarter of 2009, unchanged from the first quarter, which was the highest in three years.
Lee said the economy contracted 6.5 percent in the first half of 2009 -- a smaller contraction than previously feared -- prompting the government to revise down the annual contraction to 4-6 percent from an earlier projection of a fall of 6-9 percent.
"It is too early to celebrate. The outlook remains clouded. The advanced economies are not expected to bounce back soon," he said.
Singapore leapt out of its worst recession in the second quarter of 2009 due to rising pharmaceuticals production and construction, preliminary government data showed. Final second quarter GDP data is due on Aug 11.
A Reuters survey showed analysts expected the revised data to show that the economy expanded at an annualised and seasonally adjusted rate of 19.2 percent, compared with an advance estimate of a 20.4 percent.
The latest data is expected to show that from a year earlier, gross domestic product fell 3.9 percent rather than 3.7 percent as earlier reported. <!-- / message --> <!-- sig --> __________________
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http://singaporenewsalternative.blogspot.com
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http:/twitter.com/snablogIn the usual double speak ways, Singaporeans are fed with more PAP horse shit compared, to what was said and reported by Reuters India as shown in the opening post of this Thread.
The opening post is a far contrast of LHL eve of National Day speech on TV:
PM Lee calls for unity to face challenges ahead
SINGAPORE: Singapore's economy contracted by 6.5 per cent in the first half of this year. In his annual televised National Day message on Saturday evening, Prime Minister Lee Hsien Loong said the country is now in a stronger position than at the start of the year.
As long as Singaporeans remain united in facing the challenges ahead, he believes the country will pull through.
While Singapore could not avoid the global economic storm, Mr Lee said the country took proactive action such as bringing the Budget forward and drawing on past reserves for schemes like Jobs Credit.
Now, with the global economic situation stabilising, the country's economy has bounced back strongly in the second quarter. Despite being among the worst-hit economies, it still has one of the lowest unemployment rates in the world.
"But it's too early to celebrate. The outlook remains clouded. The advanced economies aren't expected to bounce back soon. Our exports remain much lower than last year, and companies like SIA are still facing very tough conditions. We might see another wave of retrenchments later in the year, so we must stay on guard for more challenges to come," said the prime minister.
Despite this adverse external environment, Mr Lee said this does not mean Singapore cannot grow. Businesses and workers are beginning to adjust to the new environment by looking for new opportunities and going for re-training.
He said opportunities still exist, especially in Asia. In fact, the Economic Strategies Committee – in collaboration with the private sector – is now looking for new ways to transform the economy, with its report due next year.
While the current difficulties look daunting, Mr Lee said they should be seen against a longer perspective.
"Over this half century, Singa pore has encountered many serious challenges – racial riots in the 60s, oil shocks in the 70s, a major recession in the 80s, the Asian Crisis in the 90s, the 9/11 attacks and SARS in this decade. Each time our people have rallied and prevailed," he said.
"This unity is key to our success in many fields. We must work hard to strengthen it, and to bridge potential divides within our society, be it between Singaporeans and new arrivals, between rich and poor, or most fundamental of all, between the different races and religions."
Looking ahead, he called on Singaporeans to respect each other's beliefs and enlarge the secular common space.
The full speech and video of PM Lee's National Day message are available in the National Day 2009 special report.
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MLMers will tell you they won't get retrenched
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Originally posted by eagle:
MLMers will tell you they won't get retrenched
The majority of the working population in sg are not MLMers.
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still no one offer mi that 3 bowl of plain rice with luncheon meat per day to do their job leh.. knn.. they just prefer to pay millions instead..... really dun understand
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Originally posted by I-like-flings(m):
still no one offer mi that 3 bowl of plain rice with luncheon meat per day to do their job leh.. knn.. they just prefer to pay millions instead..... really dun understand
You leech - wanting to eat 3 bowls of plain rice with luncheon meat per day.
Get out of my elite uncaring face.
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Originally posted by I-like-flings(m):
still no one offer mi that 3 bowl of plain rice with luncheon meat per day to do their job leh.. knn.. they just prefer to pay millions instead..... really dun understand
No luncheon meat for you, you will only be provided mee siam mai hum for your meals.hahahah!
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wah lau u all hor... luncheon meat only also dun wan to give mi..... but give Mr Pink shirt millions.......singaporean ar..... sighz..... no eyes see
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Originally posted by I-like-flings(m):
wah lau u all hor... luncheon meat only also dun wan to give mi..... but give Mr Pink shirt millions.......singaporean ar..... sighz..... no eyes see
pinky eats mee siam mai hum so wanna gives the same. wonder if it is the mee siam mai hum that caused him to perspire so much on the under arm last year during the national day rally. some forumers posted the pic and we all had good laugh. Let's see if pinky will be wearing pink again . -
Originally posted by I-like-flings(m):
wah lau u all hor... luncheon meat only also dun wan to give mi..... but give Mr Pink shirt millions.......singaporean ar..... sighz..... no eyes see
You are not elite.
You are only a mere "lesser mortal" .
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retrenchement or not?
thunder party still enjoying their fat pay
and first class flights etc...
while ppl like us eat cai png
One meat plus one vega good enought ok
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Originally posted by charlize:
You are not elite.
You are only a mere "lesser mortal" .
we are not suppose to be equal meh? -
Originally posted by I-like-flings(m):
we are not suppose to be equal meh?Of course we are.
But only in theory.
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Originally posted by noahnoah:
retrenchement or not?
thunder party still enjoying their fat pay
and first class flights etc...
while ppl like us eat cai png
One meat plus one vega good enought ok
one meat one vegi?? u never see their reply on my post meh??? mi only wan 1 meat ar... also cannot get already lor...
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In sg, there are some who are more equal than the rest of us.
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Originally posted by charlize:
Of course we are.
But only in theory.
oic.. same as the increase GST to help the poor theory right? -
Originally posted by I-like-flings(m):
oic.. same as the increase GST to help the poor theory right?Now you're getting it.
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Originally posted by charlize:
Now you're getting it.
damn it, my pri sch teacher taught mi all the wrong things -
Originally posted by I-like-flings(m):
damn it, my pri sch teacher taught mi all the wrong thingscharlize is a good teacher.
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Originally posted by charlize:
The majority of the working population in sg are not MLMers.
That's why MLMers will tell you everyone should join them
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Please help us to force PAP to reduce g s t to 3 percent, vote for kenneth JB during the next election !!!!