Worries over sluggish Singapore economy
Singapore’s GDP this year may grow by only 1.5 percent or less, following a weaker-than-expected performance in Q3, reported The Business Times. According to the Ministry of Trade and Industry (MTI), GDP growth dropped to the bottom range of its previous forecast of 1.5 to 2.5 percent. If weak results in externally-oriented...
Parliament: Replies that never answer the question? (Act 3)
I refer to the article “So, what’s the true cost of casinos?” (Straits Times, Nov 17). How many visit casinos? It states that “Yesterday, the House heard that Singaporeans account for 25 to 30 per cent of all casino visits. MPs were also assured that fewer Singaporeans were visiting the casinos, as reflected in the drop...
Two thirds of jobs created went to foreigners
Lim Hng Kiang has quoted some numbers on jobs created over the last 5 years and how many of these jobs went to locals and foreigners. He said, ‘In the last five years, we have been generating something like 120,000 jobs a year, of which 40,000 are Singaporeans and we end up with 80,000 foreign workers. Going forward we have...
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