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Government ready to act if state of economy warrants it

Govt ready to act if state of economy warrants it : Heng

Heng: The govt is watching closely.

Gay: What is the G gonna do?

Heng: MAS is weighing the appropriate exchange rate policy.

Gay: You mean make the Sing dollar cheaper?

Heng: Yeah, make exports cheaper. And more tourists will come here, too.

Gay: But Minister, that means the people will be screwed!

Heng: How?

Gay: Stuff will be more expensive, right? Since our money will have less value.

Heng: Well….you know, we can’t afford to let businesses bust, or you won’t have a job.

Gay: Hmmm….I dunno, seems like workers have to suffer but bosses get lots of help.

Heng seems embarrassed and quickly changes subject.

Heng: But you know, what’s more important is workers learn new skills and upgrade themselves.

Gay: Sure, my 80-year-old aunt just signed up for a computer course using Skilfuture. She said she will get a free iPad if she passes.

Heng squirmishes.

Heng: On the international front, we are committing to multilateralism and even more trading links and specialisations.

Gay: Sir, you mean more CECAs!!?

Heng: Yeah, tie up with other countries so businesses can prosper.

Gay: Even if people have to suffer?

Heng: We need jobs right?

Gay: Sure, but they are mostly lousy jobs and the good ones are taken by foreigners!

Heng: Look! We do make sure that employers advertise in the job bank for Singaporeans first before employing foreigners, but no takers, so how?

Gay, seeing that the minister is hot under the collar, moves on.

Gay: Sir, any chance that the GST increase be postponed since the people will be tightening their belt?

Heng, feeling indignant: The GST increase is to address rising health care cost due to an ageing population. We can spend, take on debt, and make our future generations pay for it. Is that fair?

Gay, stonewalled by such a high horsey response, tries another tack.

Gay: Sir, seems like the people will be paying to get us out of this hole. I understand we have a huge reserve, can’t we use that to tie us over?

Heng: I don’t foresee the need for an extra-ordinary budget.

So, there you have it. We are in safe hands.

 

Foong Swee Heng

 

 

yyy
READER COMMENTS BELOW

19 Responses to “Government ready to act if state of economy warrants it”

  • Harder Truths:

    The whole interview can be summed up as “You die your business”. The sinful monkey has spoken.

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  • Homeless Cat:

    Harder Truths:
    The whole interview can be summed up as “You die your business”. The sinful monkey has spoken.

    And that is why we should adopt the “You die, you deserve it” stance. And we will help them to said state as repayment.for all they have done.

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  • Naked Truth:

    It is fortunate he is not the future PeeM. It is unfortunate he is still around.

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  • xoxo:

    Heng Kia,the BIG $QUANDERER.
    Still got the cheek$ to *face-off* after raping sgs by raiding $100 Billion to save job$ for FTs while causing more sgs more mi$ery.

    KICK him OUT NEXT GE BEFORE he raids more of our sgs’ reserves to make FTs MORE *SOLIDIFIED N RESILIENT* while ignoring SG’s jobless n needy.

    Luckily,he is fired from Finance n now part-timing in ADVI$ORY.
    SERVES him right.
    Pui!

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  • MarBowling:

    No wonder Lee Kayu had BRAGGED that of all those PPS(Puki Private Secretary)who worked UNDER his THUMB, GOLDFISH EYE Heng Sweet Cake is the BESTEST PPS!

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  • We'll give them jobs hehehe...:

    Mr. Crony Bean talking dollars and sense to cpf-producing sheeples. Do we take umbrage at his rather dull-minded impertinence, and why not? He and the Pappies have made this island the most expensive city-state to live in globally, while dishing out peanut wages and calling us lazy monkeys who can’t compete with imported third-world workers whom they can hire for a song – as well as collect tons of levy taxes from struggling employers! It appears that mendacity has no limits amongst the elitist$$$ in the Incorporated fiefdom of The Emperor Dowager.

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  • Spineless Sinkie Syndrome:

    Don’t waste time interviewing this “useful idiot” lah. He is just another “over-the-hill” and “soon-to Expire” PAPy puppy who CMI and basically blabbering nonsense… just like his stillborn “East Coast plan”, yes? LOL.

    https://www.youtube.com/watch?v=HTrndDwYWqs

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  • illiterate pap voters:

    Sengkang voters did best. They are smart, as smart as Aljunied folks.

    alas.

    West Coast folks ffff them. East Coast folks ffff them. Marine Parade folks ffff them.

    They gave up the chance for a better Singapore for their children, grandchildren and themselves.

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  • kannan:

    Why is he still hanging in there as the DPM if he is not going to be the next PM?

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  • John Doe:

    Govt ready to act?

    This fake govt with all their nonsenses – classic playing with words.

    They are UNPREPARED to act.

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  • Biden's Poop Squeaker:

    Boy after reading this, the best definition of an idiot that I can recall is “an individual who, when you point to the moon, he looks at your finger. Even a baby knows where to look when I point.
    He speaks only in idioms, understood by him alone.

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  • oxygen:

    @ John Doe

    LEE-jiapore survival and prosperity depends on its transport connectedness and trade-link.

    The pandemic screwed that up. Adding to our woes is Omicron coming in (if it is not already in) with global economies tightening up border crossing and arrival lockdowns.

    John Doe: Govt ready to act?

    This fake govt with all their nonsenses – classic playing with words.

    They are UNPREPARED to act.

    Leee-jiapore heroically tried opening before much of the rest of the world even dare to try.

    No prize for guessing what is the outcome and why.

    Singapore’s long-awaited opening is flopping even before Omicron

    https://sg.yahoo.com/finance/news/singapores-long-awaited-opening-is-flopping-even-before-omicron-023720303.html

    WE ARE IN DEEP TROUBLE.

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  • xoxo:

    H$K ,you are highly irresponsible.
    You raided sgs’ reserves(remember it is not the govt reserves) to grant hefty furlough to non-sgs who robbed our decent-paying jobs while handing out only $600 to RESERVES/NATION-BUILDING needy sgs ,a short-change of $23K out of a per capita if $23.6K.

    $100 Billion spent but many sgs still lost their jobs .
    Worse,the rightful stakeholders dont even know in full when the $100 BILLION went to.
    And,the companies you gave aid make more profit$ than pre-Covid?
    Why are these companies’ CEOs like Piyu$h Gupta of DBS NOT VOLUNTEERING TO RETURN THE HUGE GRANT TO THE STATE?

    STILL,you intend to raid our reserves again if you think there is need?
    What need?

    Pls stop raping us.
    Enuf is enuf!

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  • xoxo:

    H$K : govt READY TO ACT IF *state of ECONOMY* warrants IT.
    *state of ECONOMY*?
    ARE SGS,ESPECIALLY THE *state of the common sgs,SOCIO-ECONOMIC wise* NOT AN IMPORTANT FACTOR for the G to consider?

    So many sgs NEED HELP BUT G HECK CARE.
    BUT SO WILLING N NO HESITATION TAKING sgs’ RESERVES to ISSUE FURLOUGH THAT SO MANY HIGHLY PAID FTs BENEFITTED B WILL BENEFIT AGAIN IF G RAID RESERVES AGAIN?

    THOUGHT LKY INSISTED THAT EP IS TO ENSURE RESERVES NOT RAIDED BY ROGUE gahmen?
    And,USE ONLY WHEN SGS ARE IN NEED?

    I CANNOT REMIND THE EP N GOVT ENOUGH THAT THE RESERVES SHUD N OUGHT TO BE ALLOCATED TO SINGAPOREANS FIRST.

    $600 TO THE MOST NEEDY SGS N MANIFOLDS MORE TO NON-citizens is SIMPLY NOT RIGHT NOR FAIR N JUST
    IN FACT,IT IS UNJUST N STUPID!
    IN ANY CASE,EVEN AS MORE FTs( intra-company transferees plus NEW FTs) received furlough to SAVE JOB$,MANY MORE SGS LOST THEIR JOBS N HAVE TO BECOME FOOD PANDAS,FRAB FOODers,taxi uncles instead?

    ease DO NOT ANYHOW RAID OUR sgs’ RESERVES SO AS TO DISH OUT GENEROUS GRANTS TO BON-sgsc or sgs who are RICH AT THE EXPENSE OF SO MANY MORE DESERVING JOBLESS N NEEDY sgs like seniors etc.

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  • Why Is He Still Around ?:

    HSK never looks after the Singaporeans. He only care for the business owners and let them employ foreigners. At the same time, he is collecting levies from the employers. CECA is his responsibilities.

    Since he does not want to lead Singapore, LHL should kick him out before he does more damages to Singapore and Singaporeans. WTF

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  • Soccerbetting2:

    Today ,at Orchard gateway point below is one male beggar begging for $10 for food to eat and think is selling tissue .And this case I have highlighted some months back and the whole shameless Lee Hsien Loong that spent billions on unnecessary things and rich women welfare sustem did nothing to solve such a simple case .I am sure passerby that saw the beggar signboard begging for $10 for some meals will find the Lee Hsien Loong women wing government a total shame in this world and where is Lee Hsien Loong face when his government can spend billions but failed to help all these beggars ? And as I walk further down the road of Orchard ,and not too far,I find another beggar there begging ! Lee Hsien Loong government can gove $4000 to all those rich women healthcare nurses but cannot give any cent to all those people whose CPF indicate no employment contribution at all ! Is the Lee Hsien Loong government giving money to all those wrong rich people targets making them richer and richer ? Business that are earning enough profits still give more money to them as JSS payout,grants or whatever schemes ? Pui ! Lee Hsien Loong ,you don’t feel shame meh ?

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  • No rainbow anytime soon:

    Get ready to further tighten our belts.
    On the news earlier…electricity prices to go up again early next year…water tariffs was just raised too.
    Next bus & mrt fares, a minister already hinted, few weeks ago.
    So what else is new in this FINE CITY?
    Next year is just 3weeks plus away …
    They just cant wait to make us suffer again n again ..
    So much suffering is going on all over the world as a result of covid19…yet all this sgov can do is to keep raising prices..

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  • MarBowling:

    Under the ABLE HANDS of previous World Class Minister CCS(Cotton Comes from shits)and the current Son of a Gan at MTI, our GDP growth is EXPECTED to come in at around 7% for 2021. With this kind of IMPRESSIVE Number, SinKaporean shouldn’t EXPECT CHEAP CHEAP STUFFS. Expect GST to increase from 7 to 9% soon. And EXPECT the PAPIGS to INCREASE their 62.14% to 72.14% in the NEXT GE!

    WOW. Although his country is expecting a 8.5% growth rate, Think President XJP must have GREEN and RED EYES looking at this IMPRESSIVE performance by SinKapore amidst Covid19.

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  • Billy ma:

    When he was then pm-to-be, he pretend all humble & like really cares about Singaporeans.

    Then you listen to him after he gave up or gotten kicked out of that to-be designation, his true self surfaced.

    The selfish & who-cares attitude emerge & my own future is not in the people’s hand was obvious.

    The same can be said of every PAP minister & MP.
    Just wait till lhl finally step down & with every pocket full, he’ll start making critical comments about Singaporeans.

    As it is, lhl & every PAP minister heck care what Singaporeans think about them.
    Sure, if you’ve tens & hundreds of $millions in your pocket, who cares.

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