Tag Archives: economy

Singapore's economic depression over the past decade is a symptom not the disease. More importantly, Singaporeans must be wide eye to know that the recession in 2020 is not caused by the COVID-19 disease. The COVID-19 disease merely hastened the coming of a recession in Singapore. If and when the COVID-19 disease become pandemic and caused a global recession, Singapore's recession in 2020 will become more severe.

Singaporeans are always told the influx of foreign talent is good for us, for it will create wealth for us further down the road. Foreign influx rendering many Singaporeans unemployed and underemployed is not something based on fact, we are told. "Please do not politicize this issue" is the refrain we get from our Millionaire Ministers.

Several economists have said that jobs in Singapore could be hit hard as economic weakness widens and seeps into the services sector. This is in response to the dismal economic and trade data announced by the government on Tuesday.

Do you think the ComCare assistance is helping Singaporeans "tide over a difficult phase"?

'The Government has served notice that it is increasing personal taxes to ameliorate its coffers and that those earning higher wages should pay more.

I refer to the article “Bank lending up 6.2% to $640.68b in September” (Straits Times, Nov 1).

Do you think the Singapore model is relevant today despite our economic success? Are we becoming increasingly "elitist" at the expense of raising prices of good and services?

A netizen who was equally perplexed by the PM's talking points during the NDR highlighted actual issues which should have been raised at the event. He thinks politicians should not focus on the "rosy outlook" here because Singapore will no longer be a special location in the global economy if they adopt this narrow mindset.

Singapore Democratic Party's Chee Soon Juan lashed out at Lawrence Wong for wanting to develop the country's infrastructure in the next decade. He seems skeptical that it will work as he thinks they lack a sustainable plan and are "bankrupt of ideas".

Historian Thum Pingtjin disagreed with Minister Lawrence Wong for saying that Singapore has never failed in restructuring its economy. He said such a statement shows our politicians' ignorance about the nation's history and policymaking as the "PAP has failed more times at restructuring the economy than it has succeeded".