Singapore’s GDP foretasted to grow by 0.1% in Q2 2019

Singapore’s year-on-year economic growth for Q2 2019 was almost flat, as the GDP number increased by a mere 0.1% according to official estimates released on Friday (12 Jul).

This is far short of previous growth estimates ranging between 1.1 to 1.2%.

For the third straight month, bon-oil domestic exports registered a double-digit decline while the purchasing managers’ index, widely seen as a key barometer of activity in the manufacturing industry, contracted for the second consecutive month.

The manufacturing sector, accounting for about one-fifth of the economy, was the main drag as it declined by 0.4%. In turn, this is believed to have been caused by a trade war between the United States and China.

The road ahead looks bleak. One economist interviewed said that there was no positive factors for the third quarter as the US-China trade deal is still unresolved while the conflict has since entered into the technological space.

Watchers are therefore predicting a technical recession by the next quarter.

Cambridge-educated Tean Lim, Secretary-General of People’s Voice said on a Facebook post: “The PAP have exhibited utter incompetence in the handling of the economy for the past 2 decades and it is time for change”!

Lim felt that Singapore’s economic activity “has been suffocated by too much State Capitalism, lack of innovation and productivity and over-reliance on so called foreign talent and workers at the expense of the Singaporeans they should have been nurturing and looking after”.

Do you agree with him? Or do you choose to have blind faith in Trade Minister Chan Chun Sing?

 

 

 

yyy
Sponsored Content
Loading...

29 Responses to “Singapore’s GDP foretasted to grow by 0.1% in Q2 2019”

  • Harder Truths:

    Today I read about the FT German banker Michael Frank Hartung who worked for Deutsche Bank earning SGD $250000 (bonuses and other monies not given) charged for child sex offences.

    SG has a thriving culture where FT’s show how to make a second income and improve $Gl’s GDP regardless of lack of opportunities for locals.

    This entrepreneurship is why we need more FT like this one to come and take over the lgal and illegal jobs that $G locals do not seem to be able to do for some reason.

    Do not worry 70% – he will be replaced by another of his kind.

    GD Star Rating
    loading...
  • oxygen:

    THIS SEXY 2ND QTR GDP GROWTH STATISTIC REVELATION came after PAPpypolitics proudly proclaimed this self-appraisal….its “stable political environment with a competent and united leadership” seemingly underwrite our positive outlook ahead.

    The adversity of economic setback is due to global economic headwinds, so I am not sure how the claimed domestic political environment – even if whimsical of truth and reality – could be relevant except theatrical fiction. If the contrary is true, we wouldn’t be hit so badly and in such desperate bad shape.

    Obviously 4Gs are clueless of international economics.

    It is a far too late to send them back to kindergarten to learn basic economics and cognitive awareness enrichment classes.

    SO SAD FOR MY BELOVED COUNTRY.

    GD Star Rating
    loading...
  • Rabble-rouser:

    QUOTE: “Cambridge-educated Tean Lim, Secretary-General of People’s Voice said on a Facebook post: “The PAP have exhibited utter incompetence in the handling of the economy for the past 2 decades and it is time for change”!
    Lim felt that Singapore’s economic activity “has been suffocated by too much State Capitalism, lack of innovation and productivity and over-reliance on so called foreign talent and workers at the expense of the Singaporeans they should have been nurturing and looking after”. [END]

    Precisely! I had wrote in another TRE thread,
    Even for National Strategic Planning, PAP had failed big-time! S’pore educators sat on their hands for over 2 decades fiddling & retaining Meritocracy Policy, Elitist Schools while China focused on STEM (Science, Technology, Engineering, Mathematics) over a broad base for the same period. In the process, they became masters of their own destiny – & continued updating the country’s manufacturing base by rapidly developing 10 high-tech industries, including electric cars and other new-energy vehicles, next-generation information technology and telecommunications, as well as advanced robotics and artificial intelligence, aerospace engineering, high-end rail infrastructure, and high-tech maritime engineering.
    Even manufacturing powerhouse, Germany intends to fuse cyber-physical systems, the Internet of things, cloud computing, and cognitive computing with the aim of increasing manufacturing productivity by up to 50 percent, while curtailing resources (raw materials consumption; energy, water inputs) required by half.
    When one reads of those dynamic economies’ long-term plans of invigorating & strengthening their economies – you feel a sense of dread & deflating expectations when the PAP’s sole objective is to boost population numbers to 10 million by 2030. This is nothing but a bankrupt plan of no thinking nor any effort required, no long-term pathways just simple shortcuts, never mind the side effects so long as the political aristocrats maintain their entitlement, privileges & benefits.
    Can you see & make out the sense of it all? If not, good luck to you!
    Link:http://www.tremeritus.net/2019/07/12/is-the-mainstream-media-trying-to-sensationalize-temasek%e2%80%99s-performance/
    Another GDP viewpoint from Kenneth Jeyaretnam:
    Link:https://kenjeyaretnam.com/2019/07/12/hey-lee-hsien-loong-dude-whats-your-plan/
    and this KJ nugget:
    Link:https://kenjeyaretnam.com/2019/05/22/if-pap-were-planning-an-early-election-before-things-got-worse-they-have-missed-the-boat/

    GD Star Rating
    loading...
  • Haigen-Diaz:

    IMO, it is no longer a trade war with China, but something deeper….trade policy isn’t just about economics. The natural consequence of such policies is that Singapore would be facing a more competitive world. Now, if we weren’t shooting ourselves in the foot by importing cheap foreigners with dubious credentials and screwing-up of our own economic policies, then maybe we’d be in a better position to compete.

    Who is going to read this? And care?!
    I have to just wonder if my ideas and analyses will ever reach those whose votes could be swayed from them.

    Hopefully someone will read this and distill these thoughts into a real article that can explain in layman terms.

    GD Star Rating
    loading...
  • Rabble-rouser:

    A briliant expose on PAP’s intended 10 million strong population policy!
    Excerpt: “the PAP have no economic plan beyond the simple one they have been using for fifty years. That is just adding more labour inputs to create more output [but achieving no productivity returns & runs counter to the Law of Diminishing Returns]. They certainly have no idea of how to raise productivity and Singaporeans’ living standards.
    https://kenjeyaretnam.com/2015/08/09/beware-of-this-man-lhl-will-boost-singapores-population-to-10-million-once-global-growth-recovers/

    GD Star Rating
    loading...
  • vote OPPO:

    listen to pap kee chiu chan chung sing talk. an utter embarrassment.

    listen to Mr Lim Tean talk. a world class statesman, far exceeding even lky clown.

    of course we listen to world class statesman, not some pap kee chiu junior clown.

    GD Star Rating
    loading...
  • S.Permana:

    Who audited this 0.1% GDP growth?
    What if human error and it’s actually -0.1%?

    Two consecutive negative quarters means a technical recession.

    Can other countries fake their GDP?
    Surely SG GDP is honest .
    I not saying this out of fear.

    Haha.

    GD Star Rating
    loading...
  • Volt for Change:

    WOW, GST, Tax and Tariff hikes and hikes and now run the country literally to a halt, What FXXXing Performance is that? Guaranteed many will go hungry or company busted. Multi Billions paid salaries and this kinds of result? Don’t crap on world economies, we paid Top Dollars!

    Thanks to WP Sylvia, otherwise the Balloon GST would have been hiked earlier on the People to easy way out on this ugly growth result of theirs.

    Worse to come. GST maybe more than 9% if they return?

    Volt in OPPO better. At least cheaper and caring to its People guaranteed.

    GD Star Rating
    loading...
  • HDB flats depreciate to ZERO:

    But US is doing very well with record employment and record stock market. PAP has lost its mojo. It is a spent force. Time to get rid of it and bury it with LKY.

    VOTE FOR REGIME CHANGE AT THE COMING GE. MOST IMPORTANT, TELL YOUR FAMILY MEMBERS AND FRIENDS TO DO THE SAME. MUST STOP PAP TO STOP THE ANNOUNCED INCREASE IN GST TO 9%.

    GD Star Rating
    loading...
  • oxygen:

    @ S. Permana

    YOU ARE A WALKING LEGEND OF A FOOL. When you import planeloads of foreigners, you need to build more sewage plants besides the tall fiction wonder attraction of artificial beauty like Changi Jewel soon to become the next white elephants.

    Sewage plants and Changi Jewel adds to the 0.1% GDP growth statistics for news publishing meant for gullible consumption like yours.

    S.Permana: Who audited this 0.1% GDP growth?
    What if human error and it’s actually -0.1%?

    Two consecutive negative quarters means a technical recession.

    Can other countries fake their GDP?
    Surely SG GDP is honest .
    I not saying this out of fear.

    Haha.

    GD Star Rating
    loading...
  • I have said many times:

    Singapore has import too many low productivity and quality workers (of course they are few who could add values to sg economy) from third world such as India both in blue collar and white collar sectors due to CECA/FTA obligation. This makes the already challenging economy even more so and a commit suicide move to the economy.

    GD Star Rating
    loading...
  • lying pap liars:

    S.Permana:
    Who audited this 0.1% GDP growth?
    What if human error and it’s actually -0.1%?

    Two consecutive negative quarters means a technical recession.

    the sun will rise from the East if pap is honest.

    didn’t pap say Singapore needed a malay president. what did pap do? pap selected an INDIAN as malay president.

    didn’t pap come out with the 200m rule? what did pap say? pap said INSIDE 200m is not within 200m.

    didn’t pap announce to the world elections are fair in Singapore? but what did pap actually mean? pap said the more OPPO there is in parleeement the more time is needed to FIX them.

    with such a lying pap, of course -0.1% is very possible.

    GD Star Rating
    loading...
  • Haigen-Diaz:

    Growth is really just a guise for greed and is a major contributing factor to the decline of our environment and population. Most would welcome the quiet enjoyment of country and community and to paraphrase your late Robert Kennedy GDP growth measures all the things except those which make life worthwhile. In short, the deification of our economy and the plunder and destruction through collective greed at all levels (individual, corporate, and Govt.)

    It will take the tenacity of a leader with an ambitious vision, strong charisma, and dogged determination to see through a revolutionary change. Unfortunately for truth and accountability, the u-noe-who (credit to Rabble-rouser), has always managed to ‘slip out’ through the backdoor before his partners wake up to the fact they have been had. Grab what you can while the going is good, because eventually the bill comes due and u-noe-who will be long gone.

    Perhaps what this country really needs is a real crisis that strikes every citizen, and I include the very wealthy here. This might help in waking everyone up that the current state of affairs is out-dated, and is producing erroneous repercussions for the country. Perhaps such a crisis is on the rise if that perfect storm (tariffs, China, Europe) comes to pass (how about the collapse of some major European economy such as Italy or Britain in addition or as a trigger?).

    Again, I’m not saying that a global recession is necessarily about to happen. But the risks are clearly rising: The conditions for such a slump are now in place, in a way they weren’t even a few months ago.
    For the last 50 years, we’ve had recessions every 10 years or so.

    Another one is coming. The only question is how deep, how long, and who gets hurt the most—–

    GD Star Rating
    loading...
  • Harder Truths:

    S.Permana:
    Who audited this 0.1% GDP growth?
    What if human error and it’s actually -0.1%?

    Two consecutive negative quarters means a technical recession.

    Can other countries fake their GDP?
    Surely SG GDP is honest .
    I not saying this out of fear.

    Haha.

    GDP growth is not adjusted for inflation here.
    If inflation is about 5% then the nett ‘growth’ is about -5%.

    Knowledgeable people can explain this better.

    GD Star Rating
    loading...
  • Bluff People:

    Without needless pump-priming spending like Jewel, HDB car park resurfacing, hawker centre ‘renovation’, walkway refurbishment, and MRT work, GDP growth would have been negative.

    Next set of such projects would be Terminal 5, Thomson Line extension, resurfacing of expressways, etc.

    GD Star Rating
    loading...
  • Rabble-rouser:

    @ Haigen-Diaz:
    Bro! Save yourself if you can. Trigger Plan B (safe haven) &/or hedge your resources to another economy while there is still time to do so.
    Truth be told is that S’pore are on the last leg of it’s economic journey before reaching the waterfall. Like the proverbial “Cat with 9 lives” – S’pore probably used up 8 or 8-&-a-half lives already. And S’pore had it’s share of lucky breaks in over 60 years of existence since Independence. But looking ahead, there is literally no confidence that the “ship” can ride out future calamities with the current captain & crew. They are already wearing their life vests & kept the raft ready in case of abandoning ship. The masses can drown for all they care.
    Save yourself, Bro! you can’t save the rest because they’re beyond saving. You’ll have good karma because you have a good heart & good intentions. You can’t change the masses because their brains have become putty & their hearts stone – the system made them such!

    Haigen-Diaz:
    IMO, it is no longer a trade war with China, but something deeper….trade policy isn’t just about economics. The natural consequence of such policies is that Singapore would be facing a more competitive world. Now, if we weren’t shooting ourselves in the foot by importing cheap foreigners with dubious credentials and screwing-up of our own economic policies, then maybe we’d be in a better position to compete.

    Who is going to read this? And care?!
    I have to just wonder if my ideas and analyses will ever reach those whose votes could be swayed from them.

    Hopefully someone will read this and distill these thoughts into a real article that can explain in layman terms.

    GD Star Rating
    loading...
  • What's Going On?:

    https://m.youtube.com/watch?v=JEp7QrOBxyQ

    Lim Tean felt that Singapore’s economic activity “has been suffocated by too much State Capitalism, lack of innovation and productivity and over-reliance on so called foreign talent and workers at the expense of the Singaporeans they should have been nurturing and looking after”.

    GD Star Rating
    loading...
  • Haigen-Diaz:

    Rabble-rouser:
    @ Haigen-Diaz:
    Bro! Save yourself if you can. Trigger Plan B (safe haven) &/or hedge your resources to another economy while there is still time to do so.
    Truth be told is that S’pore are on the last leg of it’s economic journey before reaching the waterfall. Like the proverbial “Cat with 9 lives” – S’pore probably used up 8 or 8-&-a-half lives already. And S’pore had it’s share of lucky breaks in over 60 years of existence since Independence. But looking ahead, there is literally no confidence that the “ship” can ride out future calamities with the current captain & crew. They are already wearing their life vests & kept the raft ready in case of abandoning ship. The masses can drown for all they care.
    Save yourself, Bro! you can’t save the rest because they’re beyond saving. You’ll have good karma because you have a good heart & good intentions. You can’t change the masses because their brains have become putty & their hearts stone – the system made them such!

    @ Rabble-rouser:
    I’ve often teased myself with the thought that if helping others makes you feel good, is it really altruism? Maybe it is selfishness. But in the end, it doesn’t matter. Just do our best.

    Sobering statistics, but the bump from 2Q GDP 0.1% may be distorting the figures. Why not -0.1%? (@S. Permana had insinuated in this thread.) Next negative 3Q could mean a technical recession.

    This is a systemic problem, meaning many of the elements of our system have gone too far to the political Right, favoring capital over labor. We cannot continue to strive for growth to sustain our economy. We need a major metamorphosis away from growth to equitable
    sustainability. That will only be possible by stabilizing our population at a sustainable level. We may have surpassed that level already.

    At some point, we should consider that we have available the GDP for satisfying, comfortable, actualized lives – and start working on how it is distributed.

    GD Star Rating
    loading...
  • oxygen:

    @ Harder truth

    GDP computation in small fraction of a few percent or worst still fraction of a 1% is easy to “manipulate” or simply misreported because the inflation factor computation is malleable.

    Harder Truths: GDP growth is not adjusted for inflation here.
    If inflation is about 5% then the nett ‘growth’ is about -5%.

    Knowledgeable people can explain this better.

    Just for illumination – healthcare service. Your visit to see a doctor for illness was $100 last year and in January rose to $120. In your mind, it is inflation of 20% for healthcare. But statistical computation has different ideas. It is NOT inflation, the increment of $20 is for augmented quality similar to your upgrade of mobile phone from 2G mobile phone. You paid more for better product – no inflation because you have option to remain on 2G!!

    But do you really have an option not to see your doctor? He collects $20 more for the same time, same productive effort, same treatment afforded to you!!! His productive income from expenditure of energy and skills is $20 more adding to GDP (measure of total output and service in the country)

    SO INFLATION IS UNDERSTATED AND GDP OVERSTATED.

    oxygen:. When you import planeloads of foreigners, you need to build more sewage plants besides the tall fiction wonder attraction of artificial beauty like Changi Jewel soon to become the next white elephants.

    Sewage plants and Changi Jewel adds to the 0.1% GDP growth statistics for news publishing meant for gullible consumption like yours.

    So when you see your HDB car park got dug up 3X a year (build then rebuild)
    it adds to GDP BUT ONLY ONE SAME CAR PARK BY THE END OF THE YEAR.

    IT IS FAKE ECONOMIC OF ILLUSION. Building more sewage plants and Changi Jewel, shifting airport from Paya lebar to Changi and ports from PP to Tuas are all FAKE ECONOMIC ACHIEVEMENTS.

    GD Star Rating
    loading...
  • Rabble-rouser:

    @ Haigen-Diaz:
    You’ve hit the proverbial nail! Addiction to Capital Inflows!
    GDP growth-at-all-costs were part of the syndrome of an incurable illness [Materialism, Greed & Selfishness] afflicting our land today.
    It’s all part of an unsustainable game of numbers which is becoming very obvious for those:
    * who can really understand economic theory;
    * understand the mechanics for econometrics (construct of GDP numbers);
    * studied/worked in Banking, Investments & General Corporate management eco-system;
    * have an innate interest in Futuristic fields of interests (science fiction comics, sci-fi movies, visiting innovative cultures & countries) & an interest in emerging technologies; &
    * have a deep interest in the stockmarket & property market as part of a personal journey.
    The use of GDP growth-at-all-costs apparently attracts both foreign funds & foreigners into our economy; used for appreciating our SG$ Forex value & maintaining our sovereign ratings in global capital markets. But failure is evident within our GLCs & SWFs. In addition, what’s our “true” ROI for Infrastructural Spending (Esplanade, GBTB, Jewels) & overseas forays?
    But the blunt reality is that we’ve missed the boat (over 2 decades ago) in re-creating, recaliberating a new & competitive social order. MOE failed in pursuing a broad-based STEM (Science, Technology, Engineering, Mathematics) education learning culture. Instead they’ve kept on the outmoded Status Quo of Meritocracy Policy, pursue an Elitist order of academic scholars & like GDP, kept on a numerical mechanism for school rankings, high PISA scores, etc. The obvious end result of this mechanism pursued were an Elitist core (without deep understanding, pure arrogance), groupthinkers & tribal alliances amongst men, each plotting & pursuing disparate agendas. The masses are helpless & apathetic – only concern is their day-to-day living!

    Haigen-Diaz: This is a systemic problem, meaning many of the elements of our system have gone too far to the political Right, favoring capital over labor. We cannot continue to strive for growth to sustain our economy. We need a major metamorphosis away from growth to equitable
    sustainability. That will only be possible by stabilizing our population at a sustainable level. We may have surpassed that level already.

    At some point, we should consider that we have available the GDP for satisfying, comfortable, actualized lives – and start working on how it is distributed.

    GD Star Rating
    loading...
  • Jewel of a Joke:

    I knew the Jewel will be a fad.
    And it’s showing.
    The shops are going to suffer.

    Hope those are run by cronies.

    The Jewel is not a toilet bowl flushing down the toilet.

    It’s a man-made financial disaster .

    GD Star Rating
    loading...
  • Rabble-rouser:

    @ oxygen:
    My neighbourhood had ceaseless construction &/or major maintenance programs for consecutive 4-5 years running. In addition, there were regular ongoing civil works which rip the road up, putting up road diversions, after which it was resurfaced & sealed with bitumen, then a year later, only to rip up again & repeat process. A lot of recurring spending! But the contractors are the ones who benefit!
    As for Infrastructural Spending, the initial economic benefits were the greatest at the initial stage. But subsequent spending brings less & less to the table (marginal benefits, increasing costs->debts). Infrastructure also require immense maintenance costs to upkeep & maintain in running condition. At times, one doubts the current utilisation efficiency & their ROI factor. One get the impression that they are preparing for their eventual 10 million population target by 2030.
    But the question is that, it’s arrogant to think so far ahead when the present day economic management was dodgy at best & there are mandatory election every 5 years!

    oxygen: So when you see your HDB car park got dug up 3X a year (build then rebuild)
    it adds to GDP BUT ONLY ONE SAME CAR PARK BY THE END OF THE YEAR.

    IT IS FAKE ECONOMIC OF ILLUSION. Building more sewage plants and Changi Jewel, shifting airport from Paya lebar to Changi and ports from PP to Tuas are all FAKE ECONOMIC ACHIEVEMENTS.

    GD Star Rating
    loading...
  • Haigen-Diaz:

    @ Rabble-rouser, oxygen:

    Highly dependent on the export of products and services, our economy has been struck especially hard by the present crisis, and in latest months has had to report enormous losses in government reserves owing to the worldwide investment policies of Temasek and GIC. While many well-educated Singaporeans find it progressively hard to get appropriate employment in the Singapore economy’s once-booming contemporary industries, the large group of foreign migrant workers must also bear the implications of the present recession in particular.

    What is most worrying for Singaporeans, however, is the elevated losses experienced by the sovereign wealth funds, Temasek and GIC. With the effect of the recessions likely just beginning to hit the global economy, both the holdings and their investment portfolios are likely to face more disappointments ahead. The investment policies of Temasek and GIC prove to be less effective than expected in moments of serious economic crisis and even more cash will have to be spent to deal with some of the worst effects of the present recession.

    Since the Government of Singapore Investment Corporation does not provide any data on its investment policies and its revenues and losses, and the annual evaluation released by Temasek only gives Singaporeans a superficial image of the financial condition of the holding. Those whose cash is eventually controlled by the two funds, still do not understand precisely how badly Singapore has gone through; most of what is “known” about the present crisis in Singapore and its effects on the country’s wealth is actually based on financial analysts’s estimates.

    GD Star Rating
    loading...
  • Haigen-Diaz:

    cont’d..

    Although there is a certain inventory of statistical figures on reducing industrial production, reducing exports and the adverse effect of the crisis on the labor market, there is precious little data on the economic position of the two SWF stocks and the present growth of the stock market in moments of serious recession. For instance, Temasek has never given any historical financial support, nor has published any comprehensive outcomes illustrating how cash–the cash of the individuals of Singapore–flows among its affiliates, the holding corporation and its public shareholder. Even worse than this is the case at GIC.

    While the opposition leaders have exposed faults in the financial leadership of the government, there has so far been relatively little criticism of the policies of the government. This may be due to the reality that the losses of Temasek and GIC did not openly affect most Singaporeans ‘ daily life. The extent to which these losses can influence the Central Provident Fund (CPF), is still uncertain. And since there is no clear proof that these CPF funds may have dwindled with the latest losses of the funds, there has not yet been a public response to the management teams of the two investment funds or to the government that oversees their financial activities.
    Maybe the spurs haven’t gone deep enough.

    GD Star Rating
    loading...
  • Rabble-rouser:

    @ Haigen-Diaz:
    Bro, “export of products” is the most misleading terminology under GDP Classification for S’pore’s context!
    S’pore doesn’t do any substantial domestic manufacturing nor have we had any industrial manufacturing base left after China hollowed us out in the mid-1990s onwards (death for PME class).
    S’pore simply provide an intermediary role & also provide a S’pore Certificate of Country’s Origin for both DTT (Free Trade) & Transfer Pricing (Tax avoidance). The biggest clue is the value of Transshipment Services that PSA provides to the International shipping companies & container traffic. Most of our electronics “exports” originated from North Asia. Manufacturing statistics for S’pore’s GDP is actually a misnomer considering they originate somewhere else.
    The only value-adding we might do in S’pore are oil refining services (foreign Big Oil companies) & high value pharmaceutical production (tax incentivized foreign Pharmaceutical companies).
    S’pore govt simply don’t understand the world of high finance & investments. Weaknesses stem from our Authoritarian culture, the rigid hierarchical structure & the need for a compliant, obedient & relatively subservient masses who won’t asks question nor dare to criticizes.
    Administrators, Technocrats (pseudo civil servant types seconded to finance & investments) simply can’t cut it in the world of global finance & Investments. Successful financiers/investors either do it alone or start their own fund management company. The true talents don’t work for any big organisation because they would rather capture the profits for themselves instead of sharing with their top bosses. In proprietary trading desk, the traders earned more than their bosses but many eventually migrate to start their own trading concern.
    The investment model for S’pore’s SWFs needs to be examined in a greater light. But the lack of transparency & performance details points to a worrying situation. What are they trying to hide?

    GD Star Rating
    loading...
  • Haigen-Diaz:

    Rabble-rouser: @ Haigen-Diaz:
    Bro, “export of products” is the most misleading terminology under GDP Classification for S’pore’s context!
    S’pore doesn’t do any substantial domestic manufacturing nor have we had any industrial manufacturing base left after China hollowed us out in the mid-1990s onwards (death for PME class).

    @ Rabble-rouser:

    Right on, bro! “By-products” should be more appropriate.
    Despite continuing declines in the amount of employees in the 1997–99 era, production growth was positive in both 1997 and 1999 and was very high in the year of GDP development of 9.9 percent in 2000. The manufacturing sector is made up of a number of major clusters: the most significant being electronics, chemicals and engineering. Petrol refining began in Singapore in the early 1960s and was established by the government, and while refining itself is now less essential, it has been used as a basis for attracting associated sectors such as petrochemicals and chemicals.

    A comparison of the value-added share with the income share of industries such as pharmaceuticals and electronics indicates that they would be among the greater production per sector of the employee, as is the case. For instance, in 1999, there was $2.394 million in value added per employee in pharmaceutical products and $143954 in electronics. The average value added per employee was $103072 for the entire manufacturing sector, and the remuneration per employee was $33107.

    It can be seen that there was no greater than average remuneration per employee in the big electronics industry and greater than average remuneration in the chemical and petrochemical sectors. These differences could be the foundation for choosing fresh targeted sectors from the government.

    GD Star Rating
    loading...
  • Python 5:

    0.1% GDP growth?

    and I thought all the fkkking kekleng and pinoy FTs brought in by this prostitute PAP govt contributed to the GDP???

    where is that fantastic GDP figure now??

    GD Star Rating
    loading...
  • Tamerlane:

    If Malaysia and Singapore want more western MNC to come invest, perhaps you should clean up the shitt-skins holding top jobs in governemnt posts, along with the shitts they brought in thus far to create chaos in your countries. Crime rate is high and so everyone leaves, so wake up!

    Python 5:
    0.1% GDP growth?

    and I thought all the fkkking kekleng and pinoy FTs brought in by this prostitute PAP govt contributed to the GDP???

    where is that fantastic GDP figure now??

    GD Star Rating
    loading...
  • Very concerned ex ns man pione:

    @oxygen
    Is correct; the stretch of Thomson rd fr amk ave 1 to lornie rd has been in construction n reworking for ten Yrs
    Only people benefit are Contractors n prop Developers ; at one time they donot look after their workers well nexpect bleeding heart sporeans n dogooders to look after workersparalysedn dump by roadside;
    These Contractors are v ones rubbing shoulders with mp n ministers at functions to curry favor;these are same people who live decadent lives karaoke bmw n mistresses but donot look after workers
    Walk into any big time contractor office n bet yr last dollar there is picture of him shaking hands with bigwig ministers

    GD Star Rating
    loading...

Leave a Reply

 characters available


Scroll Down For More Interesting Stuff


Loading...
Member Services
Self-SupportMembers Login
Sponsored Advertisement

Search On TR Emeritus
Sponsored Advertisement

Most Recent Comments
  • Stupid TKL & Simon Lim: Actually these two buggers are putting the OPPO in very bad light by their shallow...
  • All PAP bullshits!: All these are PAP bullshits just to their benefits. CPF monies belong to members and not PAP. All...
  • the ones with the mojo: //We have policies and protocols. sound impressive right. but sometime, the top people must...
  • Rabble-rouser: But S’pore export values (which is more than 3 times that of our domestic economy) were destined...
  • Darth Vader: tkl, WHO suggested this manifesto, YOU? Because some of them sound like your repeatedly slammed crackpot...
  • I luv recessions !: I love economic recessions! Finally its here! Delicious.
  • Demoncratic: Look at all your nice billions of dollars of showpiece constructions and buildings your economy brought...
  • Bobo: Quote: The most important question that the PAP government has to answer is why did they not save Hyflux, an...
  • Bobo: Foremost task is to vote in more oppositions to debate in parliament. Preferably 90% of oppos. With 10% of JLB...
  • prices of supermarket stuff: //I upgraded my computer ram from 2gb to 4gb in the Phils for just $16. 6gb to 12gb for...
  • the slow cooker: aiyoh one point at a time lar straight away 29 points. these 29 points may shock the 70% into...
Announcements
Advertisements
Advertisements
Visitors Statistic
Latest Statistic