Inovative PAP VS Creativity NSP

[fivestars]

Singaporean put money to CPF and Singaporean Bank. PAP inovative put the fund into bankrap Onganisations and lose our money.

Creative Opposition will not stupic like the pig talent and first class leader or A team.

We will look into ASIA Banks, ASIA PRODUCTs, AFRICA THIRD WORLD CHEAP LOBORs and CHEAP RAW MATERIALs and so on with creativities

TEAM B/C/D or ASIA TELANTS or SECOND CLASS LEADER never mind but able to perform than PAP is OK

 

[jerry]

How come suddenly promote NSP? Steve Chia ask you

 

[fivestars]

National Service Party. NSP.

 

[fivestars]

First Class Leader Lose Singaporean Saving

Lee says important for nations to engage world financial institutions
By Channel NewsAsia China correspondent Wong Yee Fong | Posted: 24 October 2008 2325 hrs


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Prime Minister Lee Hsien Loong at the Asia-Europe Meeting in Beijing

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PM Lee says important for countries to engage world financial institutions







BEIJING: Singapore Prime Minister Lee Hsien Loong has said it is important for countries to engage international financial institutions. This is because these institutions have the resources and knowledge that can help governments manage a crisis.

He was speaking at the 7th Asia-Europe Meeting (ASEM) in Beijing, where leaders of 45 nations are discussing the global financial turmoil.

The crisis, which has already seen the demise of financial institutions in the United States, is sweeping across Europe and Asia. And leaders from both continents on Friday called for better cooperation in the midst of the turmoil.

Jose Barroso, president of European Commission, said: "In this room, we represent three-fifths of the world's population and produce half of global GDP. Our combined action can and should make a real difference."

Mr Barroso cautioned against protectionism and urged countries to push forward with opening their economies.

China, a major international exporter, pledged to be a responsible stabilising force against an imminent global slowdown. It is boosting the country's domestic consumption in view of slowing exports.

President Hu Jintao said: "China's economy is increasingly tied to the world economy. It is important for China to maintain stable development as it contributes to stabilising the global financial market and the world's economic development. We should first handle our internal issues well."

Singapore's Prime Minister Lee said at the first plenary session that Asian economies cannot be decoupled from the world.

He said financial authorities must keep in close touch to be aware of each other's policies. But governments should also be measured in their response to avoid causing alarm and uncertainty.

- CNA/ir

 

[fivestars]

First Class Leader need very long to recover Singaporean money

MM Lee says world economy will be restored in 3 to 5 years
By Imelda Saad, Channel NewsAsia | Posted: 24 October 2008 2310 hrs


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Minister Mentor Lee Kuan Yew

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MM Lee says world economy will be restored in 3 to 5 years







SINGAPORE : Singapore's Minister Mentor Lee Kuan Yew has said that barring a malfunction in the banking system, the world economy will be restored in three to five years.

He also provided an upbeat assessment of Asia, thanks to the growth of twin giants, China and India.

Speaking to some 700 delegates at the Human Capital Summit in Singapore, Mr Lee said no one can predict how long or deep the current market turmoil will be. But he is confident that Asia will do better than the rest of the world.

Mr Lee said East Asia should be able to achieve an annual growth of about 3 to 5 per cent - quite a good figure, considering the current climate.

He said: "When things are down, you have increased unemployment; use that time to build up skills and knowledge."

Mr Lee said Singapore is doing just that in its Continuing Education and Training Scheme. And assuming that China and India were to grow, Mr Lee said that Singapore has to accept that the two giants will do things better.

The key for Singapore is to maximise on its assets and that, he said, is what is called the "Singapore System".

Mr Lee said that both China and India may have the individual catch-ups but the countries cannot change their systems that easily. He said it will take 20, maybe 40 years for China and India to transform their systems into the "Singapore System".

Mr Lee said the two countries do not have a system of meritocracy and protection of patents. "Why would anybody with a pharmaceutical discovery risk their products... (in) China and India? If he comes to Singapore, he knows that his intellectual property will be protected," he added.

On a lighter note, the Minister Mentor touched on what he calls assortative mating, that is, finding a spouse at your level - something he strongly believes in.

He said: "I have explained this. I think I lost votes after I explained the awful truth. Nobody believed it, but slowly it dawned on them, especially the graduates, that yes, you marry a non-graduate, then you worry about whether or not your son or daughter is going to make it to the university.

 

[fivestars]

PAP will remark other oppositions parties are equal to Dr Chee and Judgetics JBJ who are just for fighting on Human Right and never think for Singapore Economy Reformation or East Asia Regrouping and Economy& Political Reformation.