BEST PAID PeeM: Bo Bian, Need to Depend on Uncle Sam!

[makapaaa]

<TABLE cellSpacing=0 cellPadding=0 width=452 border=0><TBODY><TR><TD vAlign=top width=452 colSpan=2>Published April 10, 2009

</TD></TR><TR><TD vAlign=top width=452 colSpan=2>PM signals downgrade for economic outlook
But retrenchment and jobless numbers are looking better than expected

By TEH SHI NING
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(SINGAPORE) Singapore's economic forecast will have to be revised downwards as export levels remain depressed in this global recession, Prime Minister Lee Hsien Loong said yesterday.

But retrenchment and unemployment numbers are looking better than expected.

=> For FTrash?

Speaking to reporters after his visit to NTUC's Employment and Employability Institute (e2i), PM Lee said that the current forecast of a 2 to 5 per cent contraction will be downgraded again when the Ministry of Trade and Industry releases Q1 GDP figures next Tuesday,

=> Again and again! Either the BEST PAID govt is trying to fudge the nos. or simply inept!

but he does not expect it to fall into double-digits.

=> -9.99%?

PM Lee also said that it remains uncertain when America, and the global economy, would begin to recover.

=> If the $$$Billion Ministers cannot deliver, then why ask for the sky?

There is good news on the jobs front though. The number of layoffs, likely to exceed 10,000 for the first quarter, is lower than expected.

=> Wah! Like this called good news! All Pink ICers as expected?

'We expected a very big wave of retrenchments, particularly after the Chinese New Year,' he said. 'But so far, the retrenchment and unemployment numbers have been better than we had feared. And I think the efforts which we've put in must have something to do with this.'

=> If it's as expected, then say it's expected and cos Uncle Sam is the cause. If it's better than expected, then claim credit? Like this fair meh?

These include the Jobs Credit scheme and Spur (Skills Programme for Upgrading and Resilience), which provide grants and subsidies to help employers save jobs and workers to upgrade their skills.
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</TD></TR></TBODY></TABLE>It was to see these schemes in action, that he visited e2i to observe job seekers at training workshops yesterday, PM Lee said. 'I'm happy to see that the system is running well . . . and that people here are in good spirits, making the effort,

=> Wayang?

willing to go out of their comfort zone to learn something, try something different, and find a job in this environment.'
Labour chief Lim Swee Say, who visited e2i with PM Lee, said that at the four-week-long peak of the first wave, 800 to 900 workers in the unionised sector were being retrenched each week. Retrenchments have since stabilised at about 200 to 300 a week, after job-saving measures kicked in.

=> Sounds like some people are gunning for another pay hike!

But Mr Lim warned against assuming that it would stay that way, adding that a second wave of retrenchment will come. 'We have to double efforts to help retrenched workers gain employment. Our concern is that the unemployment rate may rise, not because we don't have enough jobs, but due to a mismatch between jobs supply and skills supply.'

=> Hence the justification of axing Sporns and importing more FTrash?

When asked if additional off-Budget measures are on the cards as May Day approaches, PM Lee said that it is premature to speak of extra measures as those under the $20.5 billion Resilience Package are being rolled out and are showing results.
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[ccchia]

Yah, lor. We are told that the population of Sinkapore is 4.7 to 5 million now.
However the breakdown between unemployed Sinkies and FTs is a "state secret"!! Wonder what the PAPy gahmen is trying to hide??

Recently it was revealed that only 2.5million people are allowed to vote in the next G.E. Does it then mean that there are almost 3 million FTs and foreigners are in our midst and thus working in the little red dot? Since the foreigners cannot stay here if they are jobless, then it means that half a million Sinkies are now, or soon to be jobless while zero foreigners are unemployed (also 5000 jobs have already been promised to Filipinos in the new IR, to be opened soon in Sinkapore, as revealed recently by the President of Pinoyland). The figures sure look bad, don't they? Perhaps that's why the gahmen is reluctant to reveal this embarassing jobless data.

Therefore what we have known all along, that jobs are for FTs, while locals can only look forward to NS, certainly rings true.

 

[makapaaa]

 

[myo539]

This is one of the useless, brainless posts - not even as a joke!

Don't he gullible - who doesn't depend on the US? You mean countries like China, Japan, Britain and the EU. Hong Kong and Taiwan are not dependent on the US?

In your long life on earth have you never heard of the simple economic edit that "when the US sneezes, Europe and Japan will catch the cold"? What more Singapore which depends heavily on US to buy our manufactured products.

 

[myo539]

Is this wanted poster meant for you? Always bashing Singapore and the government at every post you put up! The traitor labels fits you very well - next to Mas Selamat!