Chitchat More Sinkie Businesses Up The Lorry Than Newly Formed! But Din Tai Feng Still Crowded

[JohnTan]

I refer to the article “More firms closing amid tough economy” (Straits Times, Aug 14).

It states that “The data showed a slight pickup in the cessation rate of companies in recent years, from 7.3 per cent in 2014 to 7.6 per cent in 2015 and further to 7.8 per cent last year.”


61,138 businesses closed last year?

In 2016, the number of closures of business entities and the figure came to a whopping 61,138.

53% increased compared to 2010?

This is an increase of a whopping 53 per cent from the 39,977 closures in 2010.

“Suggesting that the overall corporate health of companies has not deteriorated significantly”?

In this connection, the subject news report said “Still, the cessation rate last year came in below levels recorded in 2011 and 2012, “suggesting that the overall corporate health of companies has not deteriorated significantly”.

Closure of companies exceed newly formed firms?

In this connection, “the number of companies shutting down exceeded newly formed firms in December (2015) – the first time this has happened since the 2009 recession (“Business closures exceed newly-formed firms in Dec“, Straits Times, Mar 4, 2016).

What about all business entities?

As the above data is for companies, has the closure of all types of business entities exceeded newly formed ones too?

- More at AllSingaporeStuff.com https://www.allsingaporestuff.com/a...ing-down-opening-spore-still-say-no-recession
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[halsey02]

Re: More Sinkie Businesses Up The Lorry Than Newly Formed! But Din Tai Feng Still Cro

PAP businesses never close down....always open, 24/365...go take a look around...from childcare...to afterlifecare....prospering like that is no tomorrow...while other businesses there is no tomorrow...

 

[Scrooball (clone)]

Re: More Sinkie Businesses Up The Lorry Than Newly Formed! But Din Tai Feng Still Cro

Best type of business is those legalized loansharks. Lend money to poor people who can't get loans from banks.

 

[tanwahtiu]

Re: More Sinkie Businesses Up The Lorry Than Newly Formed! But Din Tai Feng Still Cro

University is killing jobs. More are study longer and over 25 no stamina ans guts to start biz.

Then NS also kill jobs.

 

[Scrooball (clone)]

Re: More Sinkie Businesses Up The Lorry Than Newly Formed! But Din Tai Feng Still Cro

Stupidity is killing Sinkies. Many Sinkies really no balls. Happy with their shit $3.2k average pay which becomes nothing after inflation. Nowadays, canned drink at foodcourt costs $1.70. 3 years ago maybe $1.50. Increase by 13% in 3 years. Your pay got increase so much?