Do you believe? Capitaland CEO upbeat despite 39.5% drop

[Froggy]

Saw this news in BBC a few minutes ago Capitaland CEO said he is upbeat with his company and China despite almost 40% drop first reason he said is China GDP will grow at 6%. I almost drop from my bed

 

[johnny333]

Maybe they intend to turn their malls into casinos?

 

[gingerlyn]

same as Kong Hee and gang who were very upbeat and smiling all the way during the trial.
however, all were given guilty verdict

 

[yahoo55]

China is Sinkieland's biggest export market and exports to China have crashed by 25.2%


Chart of the Day: See the worrying crash in Singapore’s exports to China

Published: 18 Feb 2016

Singapore started the year on a weak footing, after total exports to China booked a staggering 25.2% year-on-year drop in January.

Statistics from IE Singapore show that exports to China dropped mainly because of shipment pumps, which crashed by 96.9%, petrochemicals, which slipped by 24.4% and primary chemicals, which declined by 58.3%.

The weak performance in January follows an 18.7% contraction in December.

Analysts warn that continued weakness in China—Singapore’s largest export market—bodes ill for the city-state’s economic growth for the entire year.

- See more at: http://sbr.com.sg/economy/news/char...ingapore’s-exports-china#sthash.SplBgZNA.dpuf

 

[gingerlyn]

very straonge,
if Singapore to China export crashed by 25%, why do we see solid China GDP growth by 6%?
who is cheating the data?

 

[Narong Wongwan]

Maybe they intend to turn their malls into casinos?

Another sure win situation is whorehouses.

Hey can't fault a guy for being optimistic right? Board of directors approved him......machiam 70% approved pap

 

[ThrillSeeker]

Up all they want. Shopping malls becoming ghost towns.

 

[JohnTan]

Up all they want. Shopping malls becoming ghost towns.

I am worried about this. There has been a huge increase in number of shopping malls and retail space, but the increase in population is not keeping pace. We need more than 6.9M people for sure.

 

[ThrillSeeker]

I am worried about this. There has been a huge increase in number of shopping malls and retail space, but the increase in population is not keeping pace. We need more than 6.9M people for sure.

It won't make much difference

http://www.bloombergview.com/articles/2016-02-17/china-s-empty-malls-get-weirder

 

[frenchbriefs]

hmmm all the malls that we have been building for the last ten years are going to be empty?

song boh?????????????

 

[congo9]

Shopping mall are more for food.

 

[blueRad]

Seems like big companies in Singapore aren't doing well recently.

 

[krafty]

I am worried about this. There has been a huge increase in number of shopping malls and retail space, but the increase in population is not keeping pace. We need more than 6.9M people for sure.

yes, i agree with you,hope PAP will up the quota to 10 mil.