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Chitchat PM Lee: "Sinkieland got no economic crisis ... but we will help chu..."

Rogue Trader

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[FONT=&amp]Singapore’s slowing economy is not in a ‘crisis’: PM Lee
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[FONT=&amp]
Nicholas Yong
November 1, 2016
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[FONT=&amp]While Singapore’s economic growth has slowed, it is not in a crisis requiring the ‘antibiotics’ that were administered during the 2008-2009 global financial crisis, said Prime Minister Lee Hsien Loong on Tuesday (1 November).[/FONT]
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Instead, current schemes such as the NTUC Education and Training Fund and SkillsFuture are helping to keep things on an even keel, even as the government restructures the economy to deal with new and existing challenges.[/FONT]

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“(These schemes) are not a magic pill (but) something that will work over time,” said PM Lee. “This (slowdown) is not the kind of infection that…will have a quick cure.”[/FONT]

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Speaking before a closed-door dialogue session with more than 200 labour movement leaders, Lee elaborated on the government’s strategies to ride out the slowdown. He reassured his audience that there are still bright spots in the economy.[/FONT]

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He noted that while there have been increasing redundancies, fewer workers were laid off in the third quarter than in the preceding quarter – 4,100 workers compared to 4,800 workers.[/FONT]

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Because PMETs have been more affected than before by retrenchments, the authorities are doing more to help them cope, through schemes such as the Professional Conversion Programme and Career Support Programme.[/FONT]

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Government agencies like Workforce Singapore (WSG) are also helping to train workers who are switching careers. This year, WSG has already placed 13,000 workers in new jobs.[/FONT]

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Growth remains positive, and is expected to be at the lower end of one to two per cent this year. The government has also been working hard to attract new investments into Singapore, such as from GlaxoSmithKline and Pratt & Whitney.[/FONT]

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Lee urged the labour movement to rally workers and partner with the government.[/FONT]

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Future Jobs Skills and Training
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NTUC Assistant Secretary-General Patrick Tay (right). Photo: Nicholas Yong
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[FONT=&amp]Separately, NTUC Assistant Secretary-General Patrick Tay announced a new initiative that aims to help the unemployed find jobs.[/FONT]
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A recent World Economic Forum report projected that by 2020, 5 million jobs worldwide will be lost, and 2.1 million jobs in more specialised areas will be created worldwide.[/FONT]

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Future Jobs Skills and Training (FJST) aims to draw on the labour movement’s extensive networks - from ministries, statutory boards, unions to institutes of higher learning.[/FONT]

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The initiative will garner intelligence on job vacancies via pilot projects in specific sectors such as financial services, healthcare and education, and disseminate the information through NTUC’s networks.[/FONT]

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Kicking off in 2017, FJST will be headed by Tay and have an initial work group of 15 staff.



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johnny333

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If got no problems then why did the PAP hold early elections & why is LHL is talking about stepping down.:confused:
 
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frenchbriefs

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If this arse long cannot come up with a solution or cure when his economy kena aids slow death,u think he can come up with a solution in time if sg econ kena ebola?

after 2008 crisis,we did not reform or restructure the economy to make sg economy more resilient and more diversified,instead we continued down the same old path.all we did during the crisis was pump in billions and tens of billions of our savings into the economy,hoping the titanic doesnt sink and the ship remains afloat until the world economy gradually recovered.
 
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Brightkid

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There's really no strategy nor plans by the PAP cabinet on how to avoid a crisis and resolve the burning issue of un-employment especially the ex-PMETs. All he and ntuc does is retrain and tell people to upgrade. The key issue of being jobless above 45 years of age is never in their scope......bcos they do not have abolition to it.

All he can do is cry over the TPP, which is very obvious whoever wins the US election, he/she is not going to support/implement it. No govt is that crazy to open up their country for cheap and ineffective people coming in to screw their country and citizens.
 

shittypore

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If it does not effect his Familee and Cronies he is talking sense, he is least bothered abt the lesser mortals.
 

frenchbriefs

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There's really no strategy nor plans by the PAP cabinet on how to avoid a crisis and resolve the burning issue of un-employment especially the ex-PMETs. All he and ntuc does is retrain and tell people to upgrade. The key issue of being jobless above 45 years of age is never in their scope......bcos they do not have abolition to it.

All he can do is cry over the TPP, which is very obvious whoever wins the US election, he/she is not going to support/implement it. No govt is that crazy to open up their country for cheap and ineffective people coming in to screw their country and citizens.

The problem is the key to Singapore's major economic growth in the past ten years involves foreigners and not sinkie locals,so we kind of didn't matter sinkies were irrelevant.which is why u see PAP was so desperate to kiss foreigners arseholes after all they are the ones bringing home the bacon.yes some of us sinkies probably benefited from the economic expansion in a sort of trickle down effect but for the most part sinkies played a secondary role to the economy.

Lee hsien long claimed that foreigners create more jobs but do we really need that many jobs?1.3 million foreigners were imported since 2001 but the sinkie population only grew by 300 to 400k.who are the guys creating jobs for really?more fts!!!
 

johnny333

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The problem is the key to Singapore's major economic growth in the past ten years involves foreigners and not sinkie locals,so we kind of didn't matter sinkies were irrelevant.which is why u see PAP was so desperate to kiss foreigners arseholes after all they are the ones bringing home the bacon.yes some of us sinkies probably benefited from the economic expansion in a sort of trickle down effect but for the most part sinkies played a secondary role to the economy....

Actually the PAP are a bunch of parasites.

They exploited Sporeans. An example is how they used males as cheap NS conscripts . "Lesser mortals" also provided cheap labour to drive the factories that were in Spore & their CPF allowed the famiLee & cronies to beome millionaires & billionaires.

Now that the "lesser mortals" are old & no longer useful, the PAP want to discard them & start with a newer batch of new Sporeans:rolleyes:
 

Leckmichamarsch

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papigs already know in 2015 that is why they go for GE before the shit hits the fence
last few months were had millionaire ministers spinning tales about skills , upgrading, skill mismatch, training and more training....... insisting got plenty of jobs but only f trashes qualify..........................NOW bombshell from LHL admitting there are employment problems but din volunteer to cut pay for mismanagement of the country economy,,, abd trautorous actions of giving our jobs away to to f trashes who miraculously have the futureskills - India or Phillipines education system so much better than sg? We hv two asses in charge of Education while India or RP has one only
 

Leckmichamarsch

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Actually the PAP are a bunch of parasites.

They exploited Sporeans. An example is how they used males as cheap NS conscripts . "Lesser mortals" also provided cheap labour to drive the factories that were in Spore & their CPF allowed the famiLee & cronies to beome millionaires & billionaires.

Now that the "lesser mortals" are old & no longer useful, the PAP want to discard them & start with a newer batch of new Sporeans:rolleyes:

disadvantage these NS boys so that they lose out on ORD and got to call f trashes boss becos 2 years seniority & get sidelined aka bullied in preference to own tribemen from India of Mindano............
 

borom

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The problem is the key to Singapore's major economic growth in the past ten years involves foreigners .....
Lee hsien long claimed that foreigners create more jobs but do we really need that many jobs?1.3 million foreigners were imported since 2001 but the sinkie population only grew by 300 to 400k.who are the guys creating jobs for really?more fts!!!

AGREE_Strategy was cheap labour via import of foreigners from China, India, Pinoyland, Myanmar and the 2 casinos-now run out of ideas as the infrastructure/political stability in these countries improve, so MNC's might as well open factories/service centres in thee countries with cheap labour without the high rental/land cost of singapore.

The previous strategy to have an external wing i.e export our factories/services/skills/integrity/reliability (together with our senior/middle management) is a better one as it creates more jobs for singaporeans overseas -but this does not fit their political objectives (new voters?) and does not enable them to earn soft income from various taxes eg workers levy/CPF/GST ect2-talk about parasites!.

Now we become are flooded with 3rd world quality but charging 1st world prices-just like our ministers are paid more than that of USA/Germany/UK !
 
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frenchbriefs

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AGREE_Strategy was cheap labour via import of foreigners from China, India, Pinoyland, Myanmar and the 2 casinos-now run out of ideas as the infrastructure/political stability in these countries improve, so MNC's might as well open factories/service centres in thee countries with cheap labour without the high rental/land cost of singapore.

The previous strategy to have an external wing i.e export our factories/services/skills/integrity/reliability (together with our senior/middle management) is a better one as it creates more jobs for singaporeans overseas -but this does not fit their political objectives (new voters?) and does not enable them to earn soft income from various taxes eg workers levy/CPF/GST ect2-talk about parasites!.

Now we become are flooded with 3rd world quality but charging 1st world prices-just like our ministers are paid more than that of USA/Germany/UK !

true our government see taxation and exploitative policies as the same thing as generating real economic output or wealth but its not the same.instead of creating new growth and output they are extracting wealth from the citizens and giving it to themselves.......this is because the government sees themselves as seperate entities from the country and fellow men......its us and them......not the country,the citizens and the government together as one.this is a extremely sick and selfish and delusional and jewlike government,totally opposite from the australian or swissland or scandinavian governments.....PAP policies are designed in order to extract large amounts of wealth from the citizens to the government's pockets,from overpriced Pigeon holes,to 100k COEs to GST and CPF and MEDISAVE and MEDISHIELD and ERP and Tariffs and taxes and levies and whatnot......the PAP thinks if they are becoming richer it means the country is also getting richer but its not the same thing,they are impoverishing the singaporean citizens to make themselves wealthy.such thoughts and government mentality is extremely dangerous
 

eatshitndie

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what economic crisis?

image.jpg
 

no_faith

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Slow down not crisis.
Recession not crisis.
Malls no ppl not crisis, landlord problem or developer problem.
Less job opportunites, not crisis.

There is no crisis.
Look at the long Q at cafes and restaurant over the weekends.
Look at the increasing of cars causing frequent congestion despite over price COE.
Look at news ppl can splash millions to buy pigeon hole.
Look at the long Q and pre order of apple phone.

There is no crisis.:rolleyes::biggrin:
 

kkbutterfly

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Loyal
Fucking Fag Loong is in denial, all your malls are empty and tourists are not coming.

now lower the rent to attract more tenants is no quick fix.
Those who still can pay the high rent will decided to ask for lower rent.
This cause a domino chain effects.
 
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