Record high household debt means peasants have less income for discretionary spending,retail and fnb slows down,less people buying homes,housing market slows down,jobs market slows down,its a vicious non stop downwards spiral until pap starts printing money and q.e.ing turning sgd worthless and cpf into toilet paper.
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Singapore economy under threat from high leverage, rising redundancies: IMF
- Thread starter yahoo55
- Start date
Record high household debt means peasants have less income for discretionary spending,retail and fnb slows down,less people buying homes,housing market slows down,jobs market slows down,its a vicious non stop downwards spiral until pap starts printing money and q.e.ing turning sgd worthless and cpf into toilet paper.
Yes. Build a bridge to replace the causeway.
The best is Familee and their Cronies take all the Spore's wealth in Termasek and run away. This will free Sinkies frm life long Slavery.
Our cabinet is paid exceptionally well; we deserve exceptionally result.
If this cabinet can do no more than their counterpart elsewhere, they don't deserve the sky high salaries. It is time to trim their pay by 80 percent!
If this cabinet can do no more than their counterpart elsewhere, they don't deserve the sky high salaries. It is time to trim their pay by 80 percent!
http://sbr.com.sg/economy/news/char...ecord-low-demand-tumbles#sthash.buMEoUO8.dpuf
Chart of the Day: Manufacturing sectors's contribution to GDP hits record low as demand tumbles
Published: 12 May 2016
This level was last seen during the GFC.
The struggling manufacturing sector has been the biggest drag on Singapore's economic growth over the past two years, according to BMI Research.
This chart shows that the sector's contribution to the overall gross domestic product has fallen to a level last seen during the global financial crisis of 2008. As of Q415, the sector only contributed 17.5% to GDP, compared to a high of over 21% at the beginning of the decade.
"Manufacturing has been hard hit by a tandem of poor external demand (driven in large part by the slowdown in the Chinese economy) and progressively tighter labour laws on the domestic front," BMI Research said.
Chart of the Day: Manufacturing sectors's contribution to GDP hits record low as demand tumbles
Published: 12 May 2016
This level was last seen during the GFC.
The struggling manufacturing sector has been the biggest drag on Singapore's economic growth over the past two years, according to BMI Research.
This chart shows that the sector's contribution to the overall gross domestic product has fallen to a level last seen during the global financial crisis of 2008. As of Q415, the sector only contributed 17.5% to GDP, compared to a high of over 21% at the beginning of the decade.
"Manufacturing has been hard hit by a tandem of poor external demand (driven in large part by the slowdown in the Chinese economy) and progressively tighter labour laws on the domestic front," BMI Research said.
The only economy-proof industry is security guard, F & B,cleaning, PAP ball lickers and their MPs.
Don't forget taxi drivers, financial advisors, credit card promoters and charity salespeople.
Singapore port business sinking steadily and losing market share to Malaysia ports Tanjung Pelapas and Port Klang.
http://www.straitstimes.com/business/singapore-port-faces-rough-seas-amid-global-gloom
Singapore port faces rough seas amid global gloom
Published 16 May 2016
When business was booming, port worker Ravindran would make up to 50 trips a day transporting cargo between ships and the yard, but he is lucky now if he makes 35.
Those heady boom times have faded in the wake of the global trade downturn - something all too apparent to port employees, such as those at PSA Corporation's Tanjong Pagar Terminal.
"(Back then) I usually didn't even have much time for a lunch break," Mr Ravindran, 52, told The Straits Times. "But today, I have time to sit down for a meal because it is less busy. It seems like fewer ships have been coming here since last year."
Mr Ravindran's experience offers a good snapshot of the shipping industry and, in turn, the Port of Singapore, amid the anaemic global economy.
Maritime and Port Authority of Singapore (MPA) data shows that there were 4,452 container vessel arrivals during the first quarter of the year, marking a 4.5 per cent growth year on year.
But container throughput for the quarter slumped 9 per cent to 7.4 million twenty-foot equivalent units (TEUs) - down from the 8.1 million TEUs in the same period a year ago, and a 0.4 per cent drop from the fourth quarter last year.
"Shipping lines may have been calling more at Singapore, but the intensity of volume is lower," said Mr Victor Wai, a Drewry Maritime Equity Research analyst, adding that port volumes have been "stuck stubbornly in the high single-digit decline" since March last year.
He attributed this largely to the alignment of the mega shipping alliances, which helped lift volumes at Malaysia's Port of Tanjung Pelapas and Port Klang instead.
While first-quarter figures for the two lower-cost Malaysian ports are not yet available, Westports, the main operator for Port Klang, said throughput rose 6.6 per cent to 2.4 million TEUs for the period.
"With bunker price significantly lower now, there is also not much cost savings from deploying bigger vessels to call at transhipment hubs, like Singapore, over making direct calls," said Mr Wai.
In the same vein, Ocean Shipping Consultants director Jason Chiang noted that Singapore's ports took a hit in terms of market share relative to the two Malaysian ports.
Said Mr Chiang: "Trans-shipment volume for the three ports combined, in fact, grew from 42.4 million TEUs in 2014 to 43.5 million TEUs last year, but Singapore's share of this shrank from 65 per cent to 61 per cent."
Prime Minister Lee Hsien Loong noted in his May Day Rally speech that a port workers' unionist had told him that there was a day when the Tanjong Pagar Terminal did not receive a single ship for two shifts out of three.
http://www.straitstimes.com/business/singapore-port-faces-rough-seas-amid-global-gloom
Singapore port faces rough seas amid global gloom
Published 16 May 2016
When business was booming, port worker Ravindran would make up to 50 trips a day transporting cargo between ships and the yard, but he is lucky now if he makes 35.
Those heady boom times have faded in the wake of the global trade downturn - something all too apparent to port employees, such as those at PSA Corporation's Tanjong Pagar Terminal.
"(Back then) I usually didn't even have much time for a lunch break," Mr Ravindran, 52, told The Straits Times. "But today, I have time to sit down for a meal because it is less busy. It seems like fewer ships have been coming here since last year."
Mr Ravindran's experience offers a good snapshot of the shipping industry and, in turn, the Port of Singapore, amid the anaemic global economy.
Maritime and Port Authority of Singapore (MPA) data shows that there were 4,452 container vessel arrivals during the first quarter of the year, marking a 4.5 per cent growth year on year.
But container throughput for the quarter slumped 9 per cent to 7.4 million twenty-foot equivalent units (TEUs) - down from the 8.1 million TEUs in the same period a year ago, and a 0.4 per cent drop from the fourth quarter last year.
"Shipping lines may have been calling more at Singapore, but the intensity of volume is lower," said Mr Victor Wai, a Drewry Maritime Equity Research analyst, adding that port volumes have been "stuck stubbornly in the high single-digit decline" since March last year.
He attributed this largely to the alignment of the mega shipping alliances, which helped lift volumes at Malaysia's Port of Tanjung Pelapas and Port Klang instead.
While first-quarter figures for the two lower-cost Malaysian ports are not yet available, Westports, the main operator for Port Klang, said throughput rose 6.6 per cent to 2.4 million TEUs for the period.
"With bunker price significantly lower now, there is also not much cost savings from deploying bigger vessels to call at transhipment hubs, like Singapore, over making direct calls," said Mr Wai.
In the same vein, Ocean Shipping Consultants director Jason Chiang noted that Singapore's ports took a hit in terms of market share relative to the two Malaysian ports.
Said Mr Chiang: "Trans-shipment volume for the three ports combined, in fact, grew from 42.4 million TEUs in 2014 to 43.5 million TEUs last year, but Singapore's share of this shrank from 65 per cent to 61 per cent."
Prime Minister Lee Hsien Loong noted in his May Day Rally speech that a port workers' unionist had told him that there was a day when the Tanjong Pagar Terminal did not receive a single ship for two shifts out of three.
https://sg.finance.yahoo.com/news/developer-sales-down-36-2-ago-050459706--sector.html
Developer sales down 36.2% from year ago
Published 16 May 2016
Sales of new private homes down in April despite more units being launched.
New private home sales in Singapore fell by 11.6 percent to 745 units in April 2016, compared to the 843 units sold in the previous month, according to latest data published by the Urban Redevelopment Authority on Monday, 16 May.
Year-on-year, developer sales plunged by 36.2 percent from the 1,167 units sold in April last year, data showed.
Developer sales down 36.2% from year ago
Published 16 May 2016
Sales of new private homes down in April despite more units being launched.
New private home sales in Singapore fell by 11.6 percent to 745 units in April 2016, compared to the 843 units sold in the previous month, according to latest data published by the Urban Redevelopment Authority on Monday, 16 May.
Year-on-year, developer sales plunged by 36.2 percent from the 1,167 units sold in April last year, data showed.
Exports continue crashing.
http://sbr.com.sg/economy/news/sing...g-streak-79-dip-in-april#sthash.BJQKFSQa.dpuf
Singapore’s exports continue losing streak with 7.9% dip in April
Published 17 May 2016
Shipments to nearly all top markets slipped.
Singapore’s non-oil domestic exports declined by 7.9% year-on-year in April, following the 15.7% contraction in the previous month.
Statistics from IE Singapore show that both electronics and non-electronic exports slumped during the month. Shipments of electronic products slipped by 7.4% in April, reversing the 9.1% expansion in the previous month. Meanwhile, exports of non-electronic produts dropped by 8.1%, compared to the 18.0% contraction in the previous month.
Exports to all of the top 10 NODX markets, except the EU 28 and Hong Kong, declined in April. The largest contributors to the NODX contraction were Taiwan, South Korea and Indonesia.
http://sbr.com.sg/economy/news/sing...g-streak-79-dip-in-april#sthash.BJQKFSQa.dpuf
Singapore’s exports continue losing streak with 7.9% dip in April
Published 17 May 2016
Shipments to nearly all top markets slipped.
Singapore’s non-oil domestic exports declined by 7.9% year-on-year in April, following the 15.7% contraction in the previous month.
Statistics from IE Singapore show that both electronics and non-electronic exports slumped during the month. Shipments of electronic products slipped by 7.4% in April, reversing the 9.1% expansion in the previous month. Meanwhile, exports of non-electronic produts dropped by 8.1%, compared to the 18.0% contraction in the previous month.
Exports to all of the top 10 NODX markets, except the EU 28 and Hong Kong, declined in April. The largest contributors to the NODX contraction were Taiwan, South Korea and Indonesia.
I don't see the point in Sinkie government ministries releasing stats after stats to show the local economy has performed and will perform badly.
Sinkies pay millions to to their ministars and prime ministar to lead their country which includes steering the economy. In the real world, if the CEO can't turn his company around, what is the natural and rational reaction of its shareholders? Pay the CEO more to incentivise him or give him the boot?
Sinkies pay millions to to their ministars and prime ministar to lead their country which includes steering the economy. In the real world, if the CEO can't turn his company around, what is the natural and rational reaction of its shareholders? Pay the CEO more to incentivise him or give him the boot?
Yes, interestingly there is always this argument about for a strong Sing dollar as against it to be weak.
What I do know that when Singaporeans travel overseas, they do get more bang for their buck, even to places like Japan, Australia, Europe and even USA.
As for neighboring countries, they probably hate Singaporeans......
strong sing dollar got any benefit for singaporeans?cost of living is still expensive as fuck considering we are surrounded by third world countries.imagine just leave singapore 10km away things are cheaper by 3 to 5 times.strong sing dollars only benefit companies when they buy cheap goods and materials from 3rd world countries like malaysia,indonesia,thailand and china and sell them here and make loads of profit.....imagine i drive a van to malaysia and buy 100 buckets of KFC/marrybrown chicken,each bucket comes with 2 lrg whip and 1 lrg coleslaw,for 39.90 RM each,i come to singapore and sell each damn set for 29.90 SGD each,can u imagine how much profit im making?16 dollars a bucket bro!!!!more than 100 percent profit margin!!!!in SGD!!!!!thats $1600 profit a day.and thats retail price,if im buying in bulk i can probably get it even cheaper.
go to the supermarket,the next time u buy some foodstuff of snack,check where is it from.made in malaysia?thailand?indonesia?china?vietnam?oreo?made in malaysia,indonesia.in america u will never see this type of shit,everything is made in USA and 100 percent high quality.have u ever tasted real oreos before and not the made in malaysia crap?
no wonder fnb and restaurant business in sg is so good,$7 for a bowl of curry chicken that probably cost 50 cents to make in malaysia.
