o.O

There is merit in what Charles says. Help the SMEs through the storm. Also, provide sees money for out-of-work Singaporeans who come up with workable bsuiness ideas. Our unemployed colleagues only want to generate income. Very few continue to hanker after titles.
Allow breadwinners to continue to put food on the tables with income generated form small enterprises.This will help preserve self-esteem.
Conduct courses to help them run viable businesses. This is what NTUC should start thinking of — and implementing. We need good ideas — not silly songs. This is not North Korea.
The nation will survive if every breadwinnner is given the opportunity and help to start small businesses. Again, this is where NTUC must play a part.
Who knows, out of the thousands of mini enterprises that spring up during the downturn, our own MNC will arise one day. If that indeed is the dream that Singapore Inc cherishes.

It was reported in Business times that Abu Dhabi sells Barclays stake for gains of US$2.5 billion.

Singapore was wrong on BofA, ABC Learning, Barclays. I am sure he has lost confidence in forecasting, so say something meaningless.

When things are actually better, one can always claim credit for being more than competent to the task, after all, would you rather he had been right in his prophecy?

Win-Win.

*faint*

Sometimes you want to reconcile. If things are improving how come unemployment keeps going up and the recruit section is getting so thin?

Get real… US companies screwed the economoy and consumers for so many years. Just a couple of months, do you think they have repaired the fundamentals and they are also recovering? All those funds pumped in will take time…

The stock market has been manipulated by our so called market sentiments. Just 2 months, the whole market is back to 2007 level from 1400. Do you think its real?

We are ENTIRELY SICK, of their administration!

World Bank says economic recovery will be a wide W-shape.

If ‘Business as Usual’ prevails and being as connected as it is to the Global Economy, the recovery will be dependent on the recovery of Singapore’s Trading partners initially and Singapore will be holding on to the coat-tails of others.

The recovery for Singapore would require creativity on the part of the Govt.

Alternatively…………

A good place to start would be to aggressively assist Singapore SMEs and to relinquish the role of GLCs in undermining the potential contributions of homegrown SMEs. Parents have to relinquish the reins.
Singapore SMEs are very resiliant as they have had to compete ‘unfairly’ in the free market with such a big GLC presence.
Doing this would start a ‘snowball’ effect in the domestic economy that would gain momentum.
This way the recovery in Singapore is more driven locally and less dependent on others.

not so fast? work on it lar, waiting for money to fall from the sky meh?

since “should not be too hasty to pronounce that the recession has bottomed or that

things are getting better.”

so what’s elites immediate actions+help to commoners?

(since commoners paid taxes)

aiyoyo