A lot of negatvity in the Media these days....

[Barnsley]

Asiaone .. Got doom and gloom again on its opening page!!

http://business.asiaone.com/news/singap ... -1-15-year

SINGAPORE - Singapore downgraded its forecasts on economic growth and exports for 2016 after confirming a contraction in output in the third quarter, raising the risk of a recession amid fresh uncertainty around global trade under U.S. President-elect Donald Trump.

The trade-reliant economy is expected to grow 1.0-1.5 percent this year, compared with the previous projection of 1.0-2.0 percent, the Ministry of Trade and Industry said in a statement on Thursday.

The economy shrank 2.0 percent in the July-September period from the previous three months on an annualised and seasonally adjusted basis, the ministry said.

That compared with the government's initial estimate on Oct. 14 of a 4.1 percent contraction and a median forecast of a 2.5 percent slump in a Reuters' poll.

The affluent city-state's economy has been hobbled by dwindling exports amid stubbornly weak global demand, while domestic consumption has also remained anaemic with entire floors at some central shopping malls empty.

[Barnsley]

http://news.asiaone.com/news/business/s ... th-worries

Opening page on Asiaone website...

Someone high must have OK'd this.

What is the Govt preparing to tell the people.....

Morale in Singapore is at rock bottom. The tiny Southeast Asian nation has worked hard in the 51 years since its birth to establish an outsize voice on the global stage. Now the city's economy is in the doldrums and its influence is in question as China flexes its muscles. The Lion City is heading for a recession, or two straight quarters of economic contraction, after the trade-reliant economy shrank 2 per cent in the July-September quarter. Overall this year, the government reckons growth will be no faster than 1.5 per cent.

[Sporkin]

http://news.asiaone.com/news/business/s ... th-worries

Opening page on Asiaone website...

Someone high must have OK'd this.

What is the Govt preparing to tell the people.....

Morale in Singapore is at rock bottom. The tiny Southeast Asian nation has worked hard in the 51 years since its birth to establish an outsize voice on the global stage. Now the city's economy is in the doldrums and its influence is in question as China flexes its muscles. The Lion City is heading for a recession, or two straight quarters of economic contraction, after the trade-reliant economy shrank 2 per cent in the July-September quarter. Overall this year, the government reckons growth will be no faster than 1.5 per cent.

Possible preamble to turning on the labour tap?

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[Wd40]

Nice article Barnsley, thanks for sharing!

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[Barnsley]

Nice article Barnsley, thanks for sharing!

I can't remember in the 8yrs+ I have been here that the main online news portal for Singapore news has been consistently putting negative spin on articles which in the past would have been spun to a positive.

[Barnsley]

For instance some latest figures from the PISA tests showed Singapore 15yr olds top in everything ....

I barely saw anything about that in the news.

A couple of years ago , there would have been a weeks worth of grandstanding , this time hardly owt!

[Wd40]

Nice article Barnsley, thanks for sharing!

I can't remember in the 8yrs+ I have been here that the main online news portal for Singapore news has been consistently putting negative spin on articles which in the past would have been spun to a positive.

Yeah. I think we should take this as a warning before the storm. Maybe they are preparing us for the things to come. Remember there are lots of things that they know but we won't know. So this could be setting the expectations low.

Regarding the exchange rate, Singapore is definitely between rock and a hard place. As US rates increase, SGD will depreciate and the SIBOR will rise. Causing risks of property defaults. If Singapore tries to protect its exchange rate from falling, growth falls.

In the past Singapore could enjoy rising exchange rate with growth and low interest rates. Now all that needs to unwind.

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[Barnsley]

Its the holidays .....

What they up to now.....

http://www.straitstimes.com/business/si ... sbf-survey

SINGAPORE - The economic climate in Singapore has deteriorated this year, according to companies polled in a new survey, with almost half expecting the coming year to be even worse.

This was one of the findings of the latest annual National Business Survey conducted by the Singapore Business Federation.

The survey polled more than 1,100 companies across all major industries about the outlook for 2017, their view on government policies, and key challenges faced.

There has been a lot of softening up in the media.

When they gonna hit the knockout blow?

[DrScrumMaster]

Happy New Year

http://news.asiaone.com/news/business/s ... est-future

[Barnsley]

Happy New Year

http://news.asiaone.com/news/business/s ... est-future