What is this incompetent 4G PAP leadership doing about the decline in NODEX?

Singapore’s non oil domestic export (NODEX) has plunged 12.3% last month, making it the eighth straight month of decline. Should Singaporeans be concerned?

By now, the very predictable official explanations for the dismal performances are weak external demands and the US-China trade war. All that are valid reasons but only up to a point. Singapore is an export oriented economy and when our NODEX has plunged month after month, it simply means that companies in Singapore are having lesser export orders, there is lesser work for their workers which means lesser vacancies, lesser overtime work and a higher likelihood of retrenchment etc.

Most importantly, it is so clear by now that our weak ministers have no ideas how to grow the economy. It is that ruthless and it is that simple.

I ask what about the many FTAs that we have signed with other countries over the years? Are they not cushioning our fall? What about the much talk about restructuring of our economy over the years? Are they more style than substance? And what about those many talks about raising our workers’ productivity, reskilling and upskilling of our workforce? Are they again a load of hot air and not helping us in any real ways when put to the test?

Thailand, Malaysia, Vietnam, Indonesia, the Philippines, Taiwan and South Korea etc are also facing challenges and slower growth but they are not in such a bad shape like Singapore. Even the US is creating jobs, experiencing growth and seeing bull runs on their bourses. Anybody can helm the ship when the sea is calm but now, the seas are not calm.

Under this current bunch of hopeless 4G leadership, a Warren Buffet quote quickly comes to mind, “only when the tide goes out do you discover who has been swimming naked” and mine, mine, there are so many expensive PAP generals and scholars swimming naked and helming the ship so well when the sea was calm and the tide was high. A rough sea like we are experiencing now certainly separates the men from the boys.

Under their watch, Singapore has gone from being a tiger economy to become the sick man of Asia. It is very sad and it is totally possible to come to grief if our citizens continue to be stupid and keep voting for the people who can only helm our ship when the sea is calm.

 

Simon Lim

 

 

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21 Responses to “What is this incompetent 4G PAP leadership doing about the decline in NODEX?”

  • TL Tan:

    The writer is extremely ignorant, just itching to blame the government for things beyond our control. Singapore, being such a trade-dependent economy, is bound to be affected by the trade war. Our government is in no position to resolve the conflict between US and China. The restructuring of our economy and increasing our productivity was put in place years ago, and it will take a long time. it is independent of the trade war. Therefore, our government is still doing a good job. It is just that the writer is quick to put blame on them.

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  • Simple Simon:

    The ones going to be caught swimming naked are those Singaporeans that are ‘howlian’ with BMWs, Mercs and condos, ALL on monthly instalments and mortgages.Ha..ha..ha…

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  • Most expensive city to die in:

    The at least 2 Policy blunders PAP will Not have the ability to solve :

    1. CPF Black hole.

    2. HDB depreciation.

    Singaporeans are destined to suffer muvh more and will get even poorer than now.

    Broken promises and more policy failures.
    CECA and Swiss standard.

    Too many well-educated bloody fools.

    Which sg engineer scholar invented any top best product in the world?

    If anything, its not by a sg born true blue Singaporean and definitely not someone who top in exams.

    I have hereby debunked the sg education system.
    I will never hire a sg accountant. They never questioned hdb depreciation and did not understood the topic. The memorised the definition. They also never questioned the oxymoron claim by hdb that leaseholders OWN flat OWNED BY HDB.

    TOO MANY WELL-EDUCATED BLOODY FOOLS LIVING IN ABSOLUTE POVERTY OF COURAGE.

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  • Truth:

    the zombies with the rotting brains..what u expect..ppl who are the followers of zombies are also rotting zombies themselves..the right place for zombies is the graveyard.

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  • Bapak:

    They are all cooning. Philippines CCC monitors & fine Grab for increasing price one year after acquiring Uber and part of the fine will be returned to Grab riders. What did S’pore do? Cooning.

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  • Sir, you wanna report sick?:

    The Commander and the staff sergeant were in the field. As they go to bed for the night, the staff sergeant said: “Sir, look up into the sky and tell me what you see?”

    The Commander said: “I see millions of stars.”

    Sgt: “And what does that tell you, sir?”

    “Astronomically, it tells me that there are millions of galaxies and potentially billions of planets. Theologically, it tells me that God is great and that we are small and insignificant. Meteorologically, it tells me that we will have a beautiful day tomorrow. What does it tell you, Top?”

    Sgt: “Well sir, it tells me that somebody stole our tent.”

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  • HK now = future SG:

    What is the 4G pap leadership going to do? Sign more FTAs lah!

    Our 4G leaders are best at signing Free Trade Agreements with other countries. Machiam selling our country away.

    Singaporeans better be worried, very worried. More agreements like the CECA one akan datang. Remember they’re planning for a 10M population! So don’t need to be a genius to guess they’ll agree to more free flow of humans when signing those agreements.

    First accept the foreigners to work here. Then approve their PR. Then invite them to become sg citizens. Then every GE pap wins. Bravo! How easy it is for pap to remain in power forever.

    Imagine this scenario. Native singaporeans’ children begging foreign-born for jobs in their very own country. Happy bo, pap voters?

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  • doing a good job:

    //The restructuring of our economy and increasing our productivity was put in place years ago, and it will take a long time.//

    aiyoh. how long lar ? min sum keeps on going up ? COL keeps on going up ? most know economy already “punctured” and 2% or 3% or even below growth (if it is really growth not wayang reported growth) is going to be the new normal ?

    put in place ? if really put in place (productivity plans right ?), somemore need 6.9m or 10m open-leg policy meh ?

    //Therefore, our government is still doing a good job. It is just that the writer is quick to put blame on them.//

    doing a good job ? for who lar ? mostly for the white idiots themselves ?

    4 = 5 and selected = elected ? sure win one ? ownself-pat-ownself and ownself-boast-ownself “insisting” on one curry party function ? ownself-say-ownself-do-good-job and ownself-applaud-ownself ?

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  • Ang cher ling TOC mole?:

    TL Tan:
    The writer is extremely ignorant, just itching to blame the government for things beyond our control. Singapore, being such a trade-dependent economy, is bound to be affected by the trade war. Our government is in no position to resolve the conflict between US and China. The restructuring of our economy and increasing our productivity was put in place years ago, and it will take a long time. it is independent of the trade war. Therefore, our government ….

    I think you are the ignorant one. You are ideal type A to be brainwashed.
    1. You are trying to find Excuse for Incompetency in national survival. No excuse suffice when it comes to ability of a nation to be sovereign and independent and able to survive.

    2. If you say the GDP fallen badly due to situations beyond control, then when GDP grows , you should attribute to external forces and not your PAP.

    LOOKS LIKE TOC ANG CHER LING IS a suspected MOLE INFILTRATED AS ADMIN AND YOU TOO A MOLE HAS INFILTRATED.

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  • Tom Lee:

    This is what happens when you put all eggs in one basket call TRADE.They thought they can just relax and ride on Trade Agreements and Globalization. Prior to 2018, thought that TPP is the next wave. Now we all can see what happens when TPP is gone and Nationalization has replaced Globalization. So how now because there is no plan B.

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  • linked-here-and-there entities:

    //They are all cooning. Philippines CCC monitors & fine Grab for increasing price one year after acquiring Uber and part of the fine will be returned to Grab riders. What did S’pore do?//

    well sinkie land got too many linked-here-and-there entities going into businesses and so hor these entities “are allowed” to milk the consumers (also like taxing the consumers) and reward themselves (the white idiots ?) by them running sinkie land INC like their “own private businesses” (indirectly ?) ?

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  • REGIME CHANGE is the solution:

    Not only NODEX is declining. More important is the steady decline in the value of HDB flats (to ZERO) as the remaining lease gets shorter daily. To make matters worse, most Singaporeans have their CPF (retirement) money tied up in their flats and these too are depreciating daily.

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  • pap bugs bunny chan chun sing:

    switched on tv this evening.

    searching for Kdrama.

    accidentally went to pap tv8.

    on came pap bugs bunny chan chun sing.

    wah lan.

    no shame this pap bugs bunny chan. he was teaching the Germans how to do business. imagine that. when this pap Lj never sold an ice cream in his ffffing life trying to teach Germans how to do business.

    all because of pap FTA with EU.

    truly a very good example of what is ailing Singapore. useless Ljs and useless Cbs masquerading as experts egged on by S$m obsessed civil serpeants all you scratch my back I scratch yours type – because of pap S$m ownself pay ownself system at the expense of 70% sheep CPF.

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  • TruBlu:

    React only.
    Where got long-term views not to mention long-term planning like *PMD* episode demonstrated?

    Sg needs people of the likes of Dr Goh,Hon Sui Sen and Raja.

    What we have is KEE CHIU for me and Milk-is-milk as if milk is other than milk?

    We have MIN$TRELS instead of ministers.

    Anyone wants stolen toothpicks?

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  • NotMyProblem:

    TL Tan:
    The writer is extremely ignorant, just itching to blame the government for things beyond our control. Singapore, being such a trade-dependent economy, is bound to be affected by the trade war. Our government is in no position to resolve the conflict between US and China. The restructuring of our economy and increasing our productivity was put in place years ago, and it will take a long time. it is independent of the trade war. Therefore, our government is still doing a good job. It is just that the writer is quick to put blame on them.

    You are very wrong!! CECA and FTAs were within PAP control. Productivity and innovation are all within the PAP control. Only problem is they don’t know how.

    Remember, Singapore was once amongst the 4 dragons of Asia. Now we are not even near of what the others have advanced. In fact every country around us is moving so much forwards economically. Singapore still blaming other for its situation.

    Others were benefiting from the US-China conflict, Singapore is blaming on the trade-war.

    PAP’s government is always thinking of the easy way out. Singapore is run on autopilot with a broken gyroscope.

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  • Spend more, Collect More:

    With GE around the corner, they will make sure voters and their supporters do not lose their jobs. There will be more construction and repair works, more parks, landscaping and upgrading projects, more mega-projects and gov spending intra-establishments. If needed they will dip into the reserve, increase GST, ERP, fees, levies, duties, fines or anything they can do to collect more money. Who do you think will benefit most at this time?

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  • Failed Elites:

    Trade war is a convenient reason. Blame the years and years of failure to re-structure our economy and failed policies by the rulers.

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  • Harder Truths:

    $G’s economy was set up by the Hon. Goh Keng Swee and Prof. Albert Winsemius to become a manufacturing and trading port. Since then, there has been no change to this plan which depends on the system of mass migration and low cost labour.

    Becoming an IT and banking hub has not changed that plan – rather it is one more layer of economic slavery. $G still depends on its oil trade and (formerly) cutting edge infrastructure to woo foreign investment.

    The leeders see any change to the system as a threat to their survival.
    That is why nothing will change as long as they are in power.

    But what happens when the world has no more use for $ingapore? India has many such business hubs now – built by $G companies with $G money. They will be staffed with trained staff who worked in $G as well. With their ability to bullshit and $G’s know-how, they will replace $G in banking and finance.

    The same goes for the other Asean countries. Each have learned from $G and have their own brand names. Malacca has a new port being built by China as the new BRI node.

    Once China redirects the oil trade through Malaysia and Thailand, then $G is practically finoished as an ‘conomic miracle’.

    At that time not so far away, $G citizens will be queuing to work in foreign countries as cheap labour or maids – too bad for $G folk these countries only give out jobs to their own people.

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  • You'r Sleeping:

    @TL Tan

    You still sleeping. Just look at some of the past performances of the 4G leaders – cannot believe that they losers.

    HSK kena conned by the Indian leaders in the CECA Agreement.

    Is Warrant kena played out by the Andra Pradesh capital project which make Temasek lost few billion of dollars. And Many more screw us.

    How do you explain the screw up ?

    Cannot compare with LKY and his Ministers. How to be our leaders if you keep on losing to other other countries leaders?

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  • Never Argue with an Idiot:

    Could TL Tan be KL Tan aka Tan Kin Lian?
    But on second thought Tan Kin Lian isn’t smart enough to be insidious like below.

    TL Tan:
    The writer is extremely ignorant, just itching to blame the government for things beyond our control. Singapore, being such a trade-dependent economy, is bound to be affected by the trade war. Our government is in no position to resolve the conflict between US and China. The restructuring of our economy and increasing our productivity was put in place years ago, and it will take a long time. it is independent of the trade war. Therefore, our government is still doing a good job. It is just that the writer is quick to put blame on them.

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  • Asd:

    They will tell you it was all planned long long long time ago.. not my problem.. I just take my m$ is enough

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