445,536 lower-income workers’ incomes decline more than 50%
"Workers aged 35 to 44 and lower-income earners hit hardest by pay cuts due to Covid-19: DBS report" (ST, Aug 18) - "More than a quarter of these workers have seen their incomes decline in recent months. Among them, more than half (56%) saw their incomes plunge by more than 30%" As there are 551,800 resident (S'porean &...
On Heng raiding our reserves
Further to my post that Heng is blowing tens of billions of our reserves to save Big Business, rather than to save jobs (link below), here is another example. “Overall the group's (ST Engineering) net profit edged down 4.4 per cent to S$257.4 million, compared to S$269.3 million a year ago. The full extent of the impact was,...
Coping with economic headwinds
I am really worried for the future of Singapore. Our past business model is to provide services to the world. We were heavily reliant on global trade, logistics, international travel, tourism, financial services and casino. All of these industries were badly hit by the trade war between America and China and now by the covid-19...
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