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Singapore Economic News
09-06-2017, 10:24 PM,
Post: #191
RE: Singapore Economic News
(09-06-2017, 02:50 PM)cyclone Wrote: Singapore's Economic Rebound Isn't as Good as it Seems

by Nasreen Seria
June 9, 2017, 5:00 AM GMT+8

Singapore’s economy may be picking up, but consumers aren’t feeling it.

After two years of below-par growth, economists and even the government are becoming more positive on the outlook. While it's not boom time yet, the consensus is that 2017 growth will come in higher than last year’s 2 percent. A large part of that is down to exports: Singapore, like other trade-reliant nations in Asia, is benefiting from a recovery in global growth, which is translating into rising sales of electronic goods.

But good news is masking pain on the ground. Consumer spending -- which makes up a third of the economy -- has contracted for two straight quarters, unemployment is rising, wage growth is slowing and household debt is increasing.

More details in https://www.bloomberg.com/news/articles/...s-it-seems
Asians... 
[Image: 1qllup.jpg]

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09-06-2017, 10:42 PM,
Post: #192
RE: Singapore Economic News
Hahah...

The reality is not as bad as what the bloomberg article suggests, but it also isn't as rosy as what most articles on Straits Times suggest as well.

Most people still are not optimistic about growth and prosperity over the next few years. And this is reflected in the trading volume of our local stock market. It seems to be sputtering again after a good start.

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09-06-2017, 11:57 PM,
Post: #193
RE: Singapore Economic News
It's really just different agendas... expectation of Asian perpetual roaring economies needs to be tempered. The author should compare Singapore with her own South African economy!

Any growth at all is actually pretty good these days, and 2+% unemployment is like the wet dream of most developed world's politicians. The "sputtering" STI is at 3,200++... doesn't look too bad at all! Haha... This feels like a stereotypical asian parent blaming kids for not scoring 100%... Tongue

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14-06-2017, 10:03 AM,
Post: #194
RE: Singapore Economic News
The recent years hasn't been good for Singapore. Slow global growth. Global oil and gas downturn. Strained diplomatic and economic ties with China. Growing competencies of regional countries. Are Singaporeans affected?

While total unemployment is 2.2%, citizen unemployment is at 3.3%, and unemployment of those below the age of 30 grew to 4.6%. Jobless seniors is a known issue, but jobless youths? Companies are really on a cost cutting drive.

http://www.businesstimes.com.sg/governme...f-optimism

But perhaps the worst is not the problems we face from beyond, but within:

http://www.straitstimes.com/singapore/le...1497401117

While businesses will continue to as it is, the longer term implication could be a change in political players/landscape. Perhaps more talents will now be willing to stand under the opposition banner, especially those who have a favourable opinion of LWL and/or LHY. Or perhaps new leaders will emerge from within The Party; members who may not have been as agreeable to LHL.

The shift in political landscape may drive different economic and foreign policies; will there be more or less foreign workers, will there be more or less income support, will there be more or less taxes, etc.

Changes, if any, will take place slowly. But in any case, it is a prudent measure for one to question the assumptions they've made regarding their financial plans/situation, and make necessary alternate arrangements. 'Civil servant iron rice bowl,' 'Singapore property sure go up in the long-term,' 'CPF risk-free interest,' etc. As in investing, you have to create your own margin of safety.

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14-06-2017, 11:46 AM,
Post: #195
RE: Singapore Economic News
For those interested in reading the statements from the siblings:-

A full statement is here: https://goo.gl/G71SrX

A summary is here: https://goo.gl/hSaj3K

======

Shall not comment, leave it up to you.

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18-08-2017, 05:21 PM,
Post: #196
RE: Singapore Economic News
SMRT Senior Vice President testimony on man run over twice by LRT trains is just incredible
http://mothership.sg/2017/08/smrt-senior...ncredible/
You can find more of my postings in http://investideas.net/forum/

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