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Economic uncertainty and inflation lower chances of an early General Election

I read with interest the TODAY’s report, “Look ahead 2023: Economic uncertainty and inflation lower chances of an early General Election, risk deepening social divides, say analysts” (Jan 6) and exploring its implications and far-reaching hidden impacts.

Undeniably, the recent Goods and Services Tax (GST) hike has affected everyone who live and work in this hustle and bustle cosmopolitan Singapore. It is especially hitting the burden on low and middle-income groups.

The ripple effect and stratum of impact is silently and relentlessly aggravating the cost of living of the low-income households.

Whatever subsidies given by the Government will only tide over these low-income families a twinkling period. How would they struggle and lead the rest of long and tortuous course is really warranted our close focus, and rendering any form of assistance as and when needed.

On 23 December 2022, the Ministry of Trade and Industry (MTI) announced that Singapore’s GDP growth is projected to come in at “around 3.5 per cent” in 2022 and “0.5 to 2.5 per cent” in 2023.

While the GDP growth slows down, it clearly shows economic uncertainty. And, it will have unforeseen and negative effects cascaded downwards to many spectrum.

For example, 1,270 layoffs reported from tech firms in Singapore from July to November 2022. This situation might get worse in 2023, as there are still uncertain factors loom in the geopolitical environment or climate, demand and supply market.

Any shrewd leader from the ruling party would wait and seize an appropriate time to hold the general election which integrates all the favourable factors such as better results of annual GDP growth, big investment harvest, rising or stability in employment rate, housing issues being softened, least domestic and social issues, etc. In due course, Singapore is definitely not be an exception.

 

Teo Kueh Liang (Mr)

 

 

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READER COMMENTS BELOW

25 Responses to “Economic uncertainty and inflation lower chances of an early General Election”

  • only stupid people vote pap:

    what about those who live in HDB and are jobless?

    raising of property tax on HDB and the raising of GST both actions amount to squeezing blood out of stone.

    why do those people who live in HDB and are jobless continue to be stupid and vote pap?

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  • NotMyProblem:

    “… the ruling party would wait and seize an appropriate time to hold the general election which integrates all the favourable factors such as better results of annual GDP growth, big investment harvest, rising or stability in employment rate, housing issues being softened, least domestic and social issues, etc. ”

    If Singaporeans vote for the PAP because of the above factors, then it is truly based on stupidity!

    GDP growth by just importing foreigners. Investment harvest is only for the rich. Employment rate can be spinned to include PRs and foreigners.

    Singaporeans are unable to see good jobs continue to be given to foreigners. Housing price was jacked up by foreigners buying HDBs. Corruption. Cronyism. Increase cost of living created by the PAP.

    Just hope the 61% can think for their future generations in the coming GE.

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  • opposition dude:

    “Any shrewd leader from the ruling party would wait and seize an appropriate time to hold the general election”

    Except for the FACT that the current bodoh isn’t shrewd despite being in politics for 4 decades and being under the tutelege of 2 former PMs. Remember back in 2020 he was seen as opportunistic when he saw what he thought of as the perfect opportunity to at least maintain the 70% vote share that he received in 2015? The moment he called for the election he was under fire for putting his own interests first and foremost when he should have waited until the Covid situation was stable.

    He, however, thought that his asking for a silly strong mandate in order to tide Singapore through an upcoming recession was enough, never mind about the peoples’ safety or the fact that Covid could spread when voters were queueing up at polling stations islandwide. So he received the opposite of what he wanted as a slap from voters.

    But his stupidity and arrogance won’t stop there oh no no. Even though we are supposed to have a presidential election this year so the conventional thinking is that the general election would be held next year but it wouldn’t surprise me if it was held this year. The goondu might use the reasoning of this being his last election as PM so as to hopefully get something around the 65% mark but don’t trust him. Who is to say he will really hand over to Lawrence and not drag it out for another term by coming out with some other excuse?

    It’s better to be prepared only for the fact that only PAP knows when the next election will be.

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  • The writer worry too much liao, remember that Sinkies have very short memory span and come GE, just gib $10 utility rebates they will still voe for the part one, no worry at all.

    Nevermind the fact that their loved ones are seriously injured or gone.

    Anyone disagree?

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  • Observer:

    Singapore should get inside EU’s carbon border tax zone, so that our exports are waived from the border tax, but our competitors pay border tax.

    However, based on our house prices and food prices, we should not compete against poor countries on cost basis solely.

    Attracting one billionaire to create high-SES jobs is better than attracting 10,000 foreign managers. There is a limit to how many beautiful women the billionaire will have sex with.

    If jobs in Singapore pay high, even low-SES workers can be seen as gao-fu-shuai by women in poor countries.

    Have you met virtue-signalers who tell you that money is evil, but then ask for money donations?

    Have you met women who say complain about rich people, yet still have sex with rich men?

    Have you seen monks solicit donations from KTVs and lup-sup-bars, in exchange for blessings for good businesses?

    Have you met people who flex their compassion, but are 猪队友 (own-goal kings, own-goal queens).

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  • Ku Liang:

    Pappy loves uncertainty. Come, chickens, come hide under my wings. Confirm 80% votes.

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  • xoxo:

    GDP is just a measure of economic growth.
    It does not mean the ordinary citizens are experiencing prosperity or progress.
    In recent times,even as GDP PER CAPITA registered increases,MANY sgs became more impoverished.
    This is an undeniable fact.

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  • P Against People:

    Yes, only the pappy cronies keep on trumpeting economic growth. The politicians have a GDP bonus. They should have a “old folks exercise” bonus.

    xoxo:
    GDP is just a measure of economic growth.
    It does not mean the ordinary citizens are experiencing prosperity or progress.
    In recent times,even as GDP PER CAPITA registered increases,MANY sgs became more impoverished.
    This is an undeniable fact.

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  • dodo:

    What GE. GY already cannot wait to show his face to increase his chances for presidential elections.

    Tech: GY as in Georgie Yeo? He qualifies meh?

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  • Light The Way:

    Of course, they would maximise their chances of getting re-elected.

    Their job security and high life depends upon it.

    As if they are doing a good job at the moment.

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  • P Against People:

    Of course he qualifies. Remember even a loudspeaker qualifies.

    dodo:
    What GE. GY already cannot wait to show his face to increase his chances for presidential elections.

    Tech: GY as in Georgie Yeo? He qualifies meh?

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  • My plan for PAP win:

    I have a plan for PAP to win election. Firstly, this coming budget give us a big goodies or big Ang Bao. Give us an attractive offer we can’t refuse. Cancel GST Then quickly have president election 2023. If PAP candidate win, then quickly promote LW to be PM and have general election 2023. Just give lots of money this year. Sure win.

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  • only stupid people vote pap:

    Effective 1 April 2017, the new pap rules for president of Singapore is – as Minister, Chief Justice, Speaker, Attorney-General, Chairman of the Public Service Commission, Auditor-General, Accountant-General or Permanent Secretary

    the Aljunied reject gy qualifies and is getting ready for the pap selected role. the next one in line after gy is the sengkang reject one shot one hit ng chee meng. both gy and ncm are pap paper generals which means both shall fail like pap paper general umbrage ng.

    Tech: I really wouldn’t rule these possibilities out, as long as it would prevent Hsien Yang from contesting, they would not hesitate to do ANYTHING.

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  • Marquis⩙of⩙Dalhousie:

    There is a strong chance elections worldwide would be wiped, depending on how much the Agenda is pushed and sentiments on the ground warrant an UN decree.

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  • NotMyProblem:

    dodo:
    What GE. GY already cannot wait to show his face to increase his chances for presidential elections.

    Tech: GY as in Georgie Yeo? He qualifies meh?

    Why not? Just tailor made the constitution to make him qualifies. Remember the constitution was changed to perfectly match an Indian lady to be a Malay President.

    Tech: Ah yes, just change it to ONLY millisters can contest, then Hsien Yang no show liao, lan lan. lol

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  • Slant:

    I guess this budget is return all CPF.so no need take our people[girl frien] money and buy gift for other girl friendsss,…

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  • Observer:

    Notwithstanding upcoming challenges, Singapore should remain in the camp of the global Rules-Based-Order, in order to prosper.

    US Federal government’s debt is $31T. US states, cities, counties owe additional $125T debt. And there is unaccounted liabilities from pensions, social security, etc. US and EU needs investors to buy their bonds.

    NATO countries can conscript Syrian, Iraqi and Afghan asylum seekers to fight Iran. Parents of these asylum seekers cannot vote in NATO countries.

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  • Soccerbetting2:

    Tik Tok video on America chemical site explosion-”https://vt.tiktok.com/ZS8BeLwYP/”

    More uncertainty in future.

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  • The Bavarian illuminati:

    Singapore future is already uncertain from day 1 it was formed.

    1) separation from Malaysia gave it a temporary economic gain for two decades.

    2) suppression of ecino8rights of workers gave it another decade of certainty

    3) massive opening of floodgates and FT policy Gabe it another decade

    2023 and beyond, what’s next ? ft has minimum wages and resulting inflation and cost of doing business has gone up? Is there any more certainty?

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  • knnn:

    Few things we need to observe:

    1. Mdm Ho taking part in the coming EP?
    2. George Y taking part? He probably hopes to get Pinky’s endorsement to swing back to politics and get paid $2M for being a puppet.
    3. Pinky son declaring intention to contest in coming GE? He will be appointed minister to be shown the ropes by LW the seat warmer
    4. Pinky promoting himself to SM to ensure his son and wife will be managing behind the iron curtain.

    If these things come through, you need to know Singapore is no different from North Korea, Cambodia and China.

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  • High Cost:

    Recently few coffee shops nearby increase the rentals and many good stalls serving the residents for a long time has to vacate and look for cheaper place elsewhere.
    Sad for them and the residents…COL will go up and these stall holders are losing money in the process.
    Need to rein in the Coffeeshops owners….only will caused higher COL like the Malls owners..with the stupid REITS.
    Maybe we need Xi common prosperity

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  • Canteen:

    Must completely cover reserves route.

    Got outsider! got it!

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  • xoxo:

    When *wealth* (national wealth) becomes inequitably distributed,the economy will tend to falter.
    Most modern day economies grew when INCOME WAS BETTER DISTRIBUTED and were churned by a STRONG MIDDLE INCOME CLASS.
    The GREED RICH N POWERFUL AMERICUNTS have led the world into an economic slump basically.
    In more recent times,the total number n total networth$ of BILLIONAIRE$ are stunningly depictive of EXTREME GREED.
    Such GREED has become an obstacle to REAL ECONOMIC GROWTHS among nations.
    If we strip off RISES IN STOCK MARKET VALUONS,most economies will show slower growths.

    Greed is good is an errant americunt thinking,period.

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  • Absurdity:

    All households of locals get $300 CDC vouchers.
    2-room rental local doing odd jobs gets $300 CDC voucher.
    3-story bungalow local having two cars also gets $300 CDC voucher as if he needs it so badly.
    Might as well call them vote-buying vouchers for upcoming presidential elections since only locals vote.

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  • Spineless Sinkie Syndrome:

    Absurdity:
    All households of locals get $300 CDC vouchers.
    2-room rental local doing odd jobs gets $300 CDC voucher.
    3-story bungalow local having two cars also gets $300 CDC voucher as if he needs it so badly.
    Might as well call them vote-buying vouchers for upcoming presidential elections since only locals vote.

    Very soon… PAPies won’t need to bother with “vote buying” anymore.

    Tharman alleady on the WEF forum to introduce CBDCs (Central Bank Digital Currencies) or other such “digitally programmable money”.

    https://www.bitchute.com/video/HntsjuQrcwMf/

    Since 90+% took their “Xperimental mRNA Jabs” like naive little kids, they know majority of SSS Sinkies to be a bunch of meek, compliant & spineless folks, despite our academic “paper qualifications” showing highly “educated” country. LOL.

    Thus I suspect WEF will use little island as a pilot TEST-BED for CBDCs. Then, if its successful here (which it will be since all Sinkies are TRAPPED within this tiny 40km island with nowhere else to go. LOL), then they will rollout to WW in phases.

    If/When such CBDCs are implemented, PAPies can easily Freeze your bank acct. or set an EXPIRY date for all your cash, if you vote Oppies. Yes?/No? LOL.
    No need to waste breath to talk so much BS on stage during every “general eRection” rally.
    Just click a mouse button and then all your money cannot buy anything.

    Then, maybe to “tekan” any Oppies, they will configure your money such that you can only buy food AFTER you inject yourself with new “Xperimental booster Jabs” for ever newer “variants”? Yes?/No? LOL.

    https://www.bitchute.com/video/hSPJA042K6eo/

    By then, omigood to SSS Sinkies? Such SSS Sinkies will even be more fervent and they will definitely shout louder & clap harder for their PAPies overlords… even harder & louder than those in North Korea? Yes?/No? Yippeee Sinkies will shout “PAPies We Luv You forever more!”? LOL.

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