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  • Poolman's Avatar
    39,696 posts since Oct '03
    • Singapore could be in recession in H2 - government

      SINGAPORE, Oct 18 - Singapore could see a technical recession in the second half of 2010 as the global economic recovery remains subdued and planned drug plant shutdowns could hurt the manufacturing sector, the government said on Monday.

      The government also said it was closely monitoring local property prices to ensure no bubble was formed.

      The economy remains on track to achieve the growth forecast of 13-15 percent for the full 2010 year, Senior Minister of State for Trade and Industry S Iswaran said in parliament.

      "A 'technical recession' -- which analysts define as two consecutive periods of negative quarter-on-quarter growth -- could happen in the second half of the year," he said.

      "If this happened, it would largely be a reflection of the sharp swings in the biomedical manufacturing cluster."

      In the July-September period, the economy fell 19.8 percent from the previous quarter on a seasonally adjusted annualised rate, the largest contraction since the data was first collated in 1975. [ID: nSGC003776]

      However, continued growth in global demand for electronic products will lend support to the electronics and precision engineering clusters and a surge of visitor arrivals to Singapore will continue to bolster tourism-related sectors, Iswaran said.

      Minister for National Development Mah Bow Tan told parliament the government was monitoring the property market closely and would "act fast to pre-empt problems".

      in August, Singapore announced restrictions on people buying second homes as part of new measures to cool its red-hot residential market, joining Hong Kong and China in taking steps to keep a lid on housing prices. [ID:nSGE67T016]

      Mah said the measures had dented resale transactions in September from August , but he could not say whether the government would need to introduce more measures in the future. (Reporting by Nopporn Wong-Anan; Editing by Raju Gopalakrishnan)

    • Strong SGD also not doing us any favour .

      That caused :

      1.Manufacture sector to slow down .

      2.Tourism also slow down .

      3.Import & export slow down .

      4.Financial Sector slow down .

      5.Cost of living goes up .

      6.Less business people flying in .

      7.Share market turned bearish ...... this is all i can think of .

      etc.......

       

      Edited by Poolman 21 Oct `10, 5:37AM
  • likeyou's Avatar
    9,394 posts since Sep '06
    • And less pple willing to spending = less pax for Td

      Domino effect for spore economy.

      Affected one another.

       

  • iceFatboy's Avatar
    7,770 posts since Jan '06
    • in a way, this is not welcome for singapore, but a good check for TDs.

      in good times, TDs are making so much noise about who they can take, on/off nets machine, not washing their taxis, etc etc. 

      maybe, all this will "force" them back to becoming more 'down to earth'.

      just imho. no offense.

      Edited by iceFatboy 21 Oct `10, 10:23AM
  • likeyou's Avatar
    9,394 posts since Sep '06
    • There are good td and bad td...

      Kind of agree with you that in good times, td will pick and choose pax.

      In bad times, any pax also take.

  • ALN's Avatar
    5,381 posts since May '05
    • to me only one news is bad for taxi….

      if PR and foreigner also can be cabby…

      other than that…. nothing la…

      continue to huat…with 1.5K a month….

      haha

  • likeyou's Avatar
    9,394 posts since Sep '06
    • I ever took a taxi driven by malaysian PR.

      But normally td are sporean.

      Sound like maybe in future, td will also chop by PRs.

       

  • iceFatboy's Avatar
    7,770 posts since Jan '06
    • Originally posted by likeyou:

      I ever took a taxi driven by malaysian PR.

      But normally td are sporean.

      Sound like maybe in future, td will also chop by PRs.

       

      i hope no PRs or even FT get to drive our taxis.

      given how some of them are already driving like dare devils in our buses and lorries.. it is just sucidial for us as passengers/drivers.

       

  • likeyou's Avatar
    9,394 posts since Sep '06
    • I really never think of td driven by PRs or foreigners before.

      Sound scary indeed.

      Not that they are bad drivers, but then it will have lots of problem communicating with them where is the places.

      And the pie is getting smaller, with PRs or foreigners happen to chance this job, locals td will even have a hard time earning a living liao.

  • ALN's Avatar
    5,381 posts since May '05
    • if PR and foreigner can drive taxi…

      taxi companies most happy…. taxi vehicles up from 15K to 30K in no time…. pool also rush to open 2 taxi companies…

      cabbies will kpkb $#@#$!$....

      commuters leh? poor ones happy cos fairs likely down…. rich ones will say no standard not safe….

    • same with other industry la

      e.g. delifrance… so many foreigners… want to order in malay or mandarin also cannot liao….

      but if no foreigners, then likely price will go up…

  • iceFatboy's Avatar
    7,770 posts since Jan '06
    • well, the writing on the wall, i don't think it would be long b4 this is done.. so hang on for those who choose to take those taxis.. seat belt must be functional hor.

      well, went to korean rest, tried to ask what the dishes, waiteress can't explain.. want to order a sunny sideup egg for children, can't understand in english.. pissed, swear in chinese, immediately, the face lit up and she understand " oooo...he bao dan"..

      KNS!!!!

  • Shimeixiaoxiao's Avatar
    1 post since Oct '10
  • Poolman's Avatar
    39,696 posts since Oct '03
    • Here's one scenario

      At Kian Teck Dormitory .....

      SMRT Rental enforcement officer : " Hello ah neh , u saw the Ah Neh tat drive taxi ? He otang rental never give "

      Ah Neh : " Ah Neh , everywhere Ah Neh here ."

      Ah Neh : " Got got Taxi Ah Neh , drive one taxi very noisy , many money , many day never see him ."

      SMRT Enforcement : " Go where can find him ? "

      Ah Neh : " U find him tell me , he took my 20 catons ciggarettes go sell never pay me ."

      An Neh B : " U find him tell me , he tell me get diesel from Keppel Shipyard , now 2 months never pay me ."

      Where to find him ?

       

  • ALN's Avatar
    5,381 posts since May '05
  • Tio Call Liao's Avatar
    1,391 posts since Oct '09
    • Recession also good . Many a times i hear all those new birdies saying wah taxi sibeh ho ah , ho tan ah, this ah that ah.

      A slowdown will remind em that taxi is not a sunny bizness 365 days all year.

      Those who been thru SARS , what is a recession? nothing la , less pax would mean gotta look harder tats all.

      As long as got pax , there is hope . SARS period , there was NO pax , suibeh steam, thats the diff.

       

       

  • likeyou's Avatar
    9,394 posts since Sep '06
    • I dont want to take pr td.

      He might not understand what I said, and might go to other destinations! Coming soon...PRs TD on the road!

       

  • ALN's Avatar
    5,381 posts since May '05
    • if that ever happens…. siao liao….

      when i take taxi, i will check whther cabby is citizen or PR…. if PR f off from taxi immediately…

      or talk in mandarin or malay or english… if PR cabby dun understands, immediately call LTA to kpkb….

      haha

  • komade's Avatar
    12,845 posts since Oct '09
    • Originally posted by likeyou:

      I dont want to take pr td.

      He might not understand what I said, and might go to other destinations! Coming soon...PRs TD on the road!

       

      PR wanna be be TD siao liao sure bring u go holland 1...... :P

  • FT's Avatar
    1,068 posts since Feb '10
  • kinwashi's Avatar
    10,933 posts since Jan '08
    • Originally posted by Poolman:

      Strong SGD also not doing us any favour .

      Haha...so many peoples going to the travel agencies booking end year holiday to United State Of America. cause strong SGD. Why you are not doing it ???

       

      That caused :

      1.Manufacture sector to slow down . (my gahmen will take care this )

      2.Tourism also slow down . (my gahmen will take care this)

      3.Import & export slow down . (my gahmen will take care this)

      4.Financial Sector slow down . (my gahmen will take care)

      5.Cost of living goes up . (my gahmen will take care)

      6.Less business people flying in . (my gahmen will take care this)

      a strong gahmen are for...mah.

      how come?...must got confident...mah.

      don't believe...good,  see the newspaper next few days or very near... all will be anwers by them each and every.

       

       

      7.Share market turned bearish ...... this is all i can think of .

      etc....... (how can already above 3 thousands point)

       

       

    • Strong SGD also not doing us any favour .

      Bad news for taxi...Good news for taxi driver...take a break...go  holiday...like me going to Kagoshima next sunday for ten days. Drive Drive Drive this is the reward...mah.

  • Cash Lee's Avatar
    617 posts since Jan '10
  • komade's Avatar
    12,845 posts since Oct '09
    • Originally posted by kinwashi:

      Strong SGD also not doing us any favour .

      Bad news for taxi...Good news for taxi driver...take a break...go  holiday...like me going to Kagoshima next sunday for ten days. Drive Drive Drive this is the reward...mah.

      Yah lor come back frm holiday drive super sian

      tink i muz plan next break back to motherland liao..... :P

  • ALN's Avatar
    5,381 posts since May '05
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