Transmodified from hxxp://www.channelnewsasia.com/news/singapore/singapore-economy-contracts-in-first-qua/636042.html
PEASANTPORE: The Peasantpore economy contracted by 0.6 per cent on a year-on-year basis in the first quarter of 2013, on a quarter-on-quarter basis, the economy contracted by 1.4 per cent. The red faced Ministry of Mercantile Trade blamed the sharp decline in manufacturing. Earlier, optimistic baboons were aiming for 1 per cent growth.
Now the Asiatic economists in Peasantpore say full-year economic growth is unlikely to hit the upper end of the 1 to 3 per cent official growth forecast. They should have hired cheaper mission school boys to say the same thing.
Despite the contraction in Q1 GDP, the Monetary Arses of Peasantpore (MAS) says they do not give a damn because according to their Neh Logic, the economy should grow at a modest pace this year, as external demand recovers. Like KTV OKT's logic, today less customer, never mind, next month sure got horny customers lor.
MAS favours a tight monetary policy - cheap Peasantpore dollar to attract foreign investments.
Central Bank bastards claimed hard core inflation, which excludes housing and private transportation costs, is expected to come in at 1.5 to 2.5 per cent. Only a idiot will believe that inflation figure without expensive COEs and birdcages.
After growing at around 50 per cent per year for the past four years, one pro-regime Asiawide Print Holdings sees its revenue growth slowing to 20 per cent in 2013.
The printing firm, which employs 52 "people", makes S$5.5 million a year. Note that Mouthpiece CNA now treats local and foreign peasants as "people".
Asiawide Print Holdings' chief merchant, Terence Hong, said: "Lumpar, cut more cheap worker lah, cut some more, my costs go up, profits down! KNN when profits down, less taxes for Ruler Loong...so do not 'pray pray' and join the Netizens and rebellious peasants to rally for less foreigners."
Still, pro-regime Asiawide is in a better position than many local merchants, which are export-oriented. Domestic sales account for 95% of its revenue and they may take up more propaganda publishing contracts.
Over the past year or so, regime driven sectors like construction and services have helped prop up GDP growth in the face of sluggish external demand. However Ho Jinx and Old Autocrat burnt 26 billions to prop up Jewish banks e.g. Citicorp/UBS and cash is in short demand for any regime intervention to simulate the rent extraction economy.
OCBC's head of sex research & strategy, Selena Ling, said: "Within our manufacturing sweatshop, what we see is that selling designer drugs, remains very weak. Plus Hairdo Lim just fucked up the electronics sector by missing mobile phones for stupid Intel PCs. Porn talk is double fuck! Manufacturing continues to be the main drag on growth because services is now the DIRTY word after dissenter Tan Jee-Say spoke up for it.
"The G3 economies including PRC Commies look to be fairly tepid, so our manufacturing sector remains triple fucked up now. But because Ruler Loong and his minions die die refuse to concede that the services sector is the way to go, lan lan LPPL!"
"Recently this Duke Teo defended his cronies lavish stipends. Ai yoh, like that means boom or doom, stipends always pegged to the top earners! Year in year out, peasants and merchants suffer but our Ruler and his merry lackeys, cronies and minions WILL ALWAYS DO WELL FINANCIALLY. Really lumpar man!"
PEASANTPORE: The Peasantpore economy contracted by 0.6 per cent on a year-on-year basis in the first quarter of 2013, on a quarter-on-quarter basis, the economy contracted by 1.4 per cent. The red faced Ministry of Mercantile Trade blamed the sharp decline in manufacturing. Earlier, optimistic baboons were aiming for 1 per cent growth.
Now the Asiatic economists in Peasantpore say full-year economic growth is unlikely to hit the upper end of the 1 to 3 per cent official growth forecast. They should have hired cheaper mission school boys to say the same thing.
Despite the contraction in Q1 GDP, the Monetary Arses of Peasantpore (MAS) says they do not give a damn because according to their Neh Logic, the economy should grow at a modest pace this year, as external demand recovers. Like KTV OKT's logic, today less customer, never mind, next month sure got horny customers lor.
MAS favours a tight monetary policy - cheap Peasantpore dollar to attract foreign investments.
Central Bank bastards claimed hard core inflation, which excludes housing and private transportation costs, is expected to come in at 1.5 to 2.5 per cent. Only a idiot will believe that inflation figure without expensive COEs and birdcages.
After growing at around 50 per cent per year for the past four years, one pro-regime Asiawide Print Holdings sees its revenue growth slowing to 20 per cent in 2013.
The printing firm, which employs 52 "people", makes S$5.5 million a year. Note that Mouthpiece CNA now treats local and foreign peasants as "people".
Asiawide Print Holdings' chief merchant, Terence Hong, said: "Lumpar, cut more cheap worker lah, cut some more, my costs go up, profits down! KNN when profits down, less taxes for Ruler Loong...so do not 'pray pray' and join the Netizens and rebellious peasants to rally for less foreigners."
Still, pro-regime Asiawide is in a better position than many local merchants, which are export-oriented. Domestic sales account for 95% of its revenue and they may take up more propaganda publishing contracts.
Over the past year or so, regime driven sectors like construction and services have helped prop up GDP growth in the face of sluggish external demand. However Ho Jinx and Old Autocrat burnt 26 billions to prop up Jewish banks e.g. Citicorp/UBS and cash is in short demand for any regime intervention to simulate the rent extraction economy.
OCBC's head of sex research & strategy, Selena Ling, said: "Within our manufacturing sweatshop, what we see is that selling designer drugs, remains very weak. Plus Hairdo Lim just fucked up the electronics sector by missing mobile phones for stupid Intel PCs. Porn talk is double fuck! Manufacturing continues to be the main drag on growth because services is now the DIRTY word after dissenter Tan Jee-Say spoke up for it.
"The G3 economies including PRC Commies look to be fairly tepid, so our manufacturing sector remains triple fucked up now. But because Ruler Loong and his minions die die refuse to concede that the services sector is the way to go, lan lan LPPL!"
"Recently this Duke Teo defended his cronies lavish stipends. Ai yoh, like that means boom or doom, stipends always pegged to the top earners! Year in year out, peasants and merchants suffer but our Ruler and his merry lackeys, cronies and minions WILL ALWAYS DO WELL FINANCIALLY. Really lumpar man!"
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