Originally posted by Tuatau:
Many manufacturing industries are moving out from Singapore to more competitives countries in the region. The GDP and consequently the economy of the country are taking a hit. The Integrated Resort plan could be viewed upon as some kind of desperate last-ditch effort by the government to revive the economy.
Singapore's heyday is over. The authorities could post all kinds of statistics to show improvement, but one only sees more empty factories and more local workers losing jobs to lower-cost countries. Perhaps Singapore has grown too fast, so fast that the less-costly neighbours have, in comparison, become attractive to foreign investors.
Every singaporeans knows, except the government. The government should admit it so that the whole nation can unite and work together as one just like the good old times during the SARS crisis.
Sad to say, instead of doing so, they are trying to project a image of economy recovery. This greatly diversified the interest of the nation. Companies took advantage of this virtual economy recovery to increase profits while poor citizens struggled just to have their belts tightened. This move by the government had obviously unchained and loosened the bonding and unity of the nation. Therefore instead of being united to achieve a common objective, we are like what the Chinese say "Yi Pan San Sha" (A plate of scattered sand).
Whose fault ?
