Goldman sachs say sg economy very fuck up

the last shoe to drop is the perceived defensive oil sector. When you have an economy without innovation , as many youths instead of spending their enegetic youth innovating with the next google , they kenna brain damage in NS = the subprime sg country is the result.
====================================

SINGAPORE, Nov 28 (Reuters) - Shares of Singapore''s Keppel
Corp <KPLM.SI>, the world''s largest oil rigbuilder, tumbled as
much as 14 percent on Friday after the firm warned on Thursday
three customers may cancel orders worth S$1.2 billion ($795.7 million).
By 0105 GMT, Keppel traded 8.1 percent lower at S$4.41, while
smaller rival Sembcorp Marine (SembMarine) <SCMN.SI> dropped 4.0
percent to S$1.70 in a broader market <.FTSTI> down 1.1 percent.
"The latest headwind could be a majorsetback for investors
attracted to the (offshore and marine) sector''s relatively
defensive earnings, previously backed by a perceived secured
order backlog," Goldman Sachs said in a report.
Keppel and SembMarine have benefitted from a jump in oil
exploration in recent years, but crude futures prices <CLc1> have
slid by almost $100 a barrel since hitting a peak above $147 in
July, as the credit crunch and recession fears dent demand.

Old man brain not designed to handle complexity. So innovation is view with contempt out inferiority complex and fear.

can build more bumboats lor...

To export our Singaporean bums out into international waters and revoke their citizenships.
Then we can cut unemployment rate in this way. I am sure that has crossed our scholars' mind.

Take million$$$ they will be the first at the queue. Got problem, play taiji master to push responsibility to others or no punishment.