Singapore's November manufacturing output declines by 7.5 %
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Singapore's November manufacturing output declines by 7.5 per cent
Friday, 26 December 2008
DPA
Singapore's November manufacturing output declined by 7.5 per cent compared with the same month last year, according to the Economic Development Board Friday.
On a seasonally adjusted month-on-month basis, output rose 6.2 per cent in November, due to a higher level of production in the biomedical manufacturing cluster, the state agency said.
The three-month moving average year-on-year index for November fell 5.5 per cent compared to the same period last year.
Cumulative manufacturing output for the first eleven months of 2008 fell 3.3 per cent compared with the same period last year.
While biomedical the manufacturing and transport engineering sectors expanded, output of the chemical industry dropped by 20.1 per cent year-on-year, while the petrochemicals segment was down 31.6 per cent.
The electronics cluster shrank 19.4 per cent in November, compared with the same month last year.
http://www.monstersandcritics.com/news/business/news/article_1450261.php/Singapore...
Singapore sees 9.7-per-cent drop in November visitors
DPA
Tourist arrivals in Singapore fell by 9.7 per cent in November to 760,000 visitors compared to the same month a year ago, the Singapore Tourism Board (STB) said Friday.
Indonesia, China, Australia, Malaysia and India were Singapore's top five visitor-generating markets, accounting for 49 per cent of total visitor arrivals for the month.
The STB said the visitor arrivals in Singapore had been declining since June, reflecting the continued impact of the worsening global economic slowdown on consumer sentiments and discretionary spending.
Visitor arrivals and tourism receipts were expected to fall short of this year's targets of 10.8 million visitors and earnings of 15.5 billion Singapore dollars (10.74 billion US dollars), respectively.
http://www.monstersandcritics.com/news/business/news/article_1450263.php/Singapore... -
High Inflation + Recession == Stagflation
Stagflation: an inflationary period accompanied by rising unemployment and lack of growth in consumer demand and business activity.
Other countries facing recession will have a miniscule inflation rate, while Singapore.............. (I have nothing good to say)
Less jobs and lower income yet prices continue to rise.We have to thank the Lee Dynasty for making Inflation and Recession the mainstay of Singapore's economy.
I was tricked by old man Lee when he told us in the beginning of the year that USA's recession will have no impact on the Singapore economy.
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I was tricked by old man Lee when he told us in the beginning of the year that USA's recession will have no impact on the Singapore economy
He doesn't know much about economic and financial affairs.
Like to act as if he knows.
Sad bastard.
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This type of arrogant fucking bastard I don't support.
Pui.
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...
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December and Jan manufacturing output will shrink even more because of holiday shutdowns by different manufacturing companies to reduce production.
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Originally posted by maurizio13:
High Inflation + Recession == Stagflation
Stagflation: an inflationary period accompanied by rising unemployment and lack of growth in consumer demand and business activity.
Other countries facing recession will have a miniscule inflation rate, while Singapore.............. (I have nothing good to say)
Less jobs and lower income yet prices continue
to rise.We have to thank the Lee Dynasty for making Inflation and Recession the mainstay of Singapore's economy.
I was tricked by old man Lee when he told us in the beginning of the year that USA's recession will have no impact on the Singapore economy.
You were tricked? *shocked* I never believed a single word of any fool who said that Asia was decoupled from the West. I think LKY was one of the few that said that as well.
Stupid idiotic "Asia supremacy!" moronic nationalists.
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Originally posted by maurizio13:
High Inflation + Recession == Stagflation
Stagflation: an inflationary period accompanied by rising unemployment and lack of growth in consumer demand and business activity.
Other countries facing recession will have a miniscule inflation rate, while Singapore.............. (I have nothing good to say)
Less jobs and lower income yet prices continue
to rise.We have to thank the Lee Dynasty for making Inflation and Recession the mainstay of Singapore's economy.
I was tricked by old man Lee when he told us in the beginning of the year that USA's recession will have no impact on the Singapore economy.
You were tricked? *shocked* I never believed a single word of any fool who said that Asia was decoupled from the West. I think LKY was one of the few that said that as well.
Stupid idiotic "Asia supremacy!" moronic nationalists.
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C'mon, you guys, messengers of doom and gloom, give the revered old man a break.
It is often easy on HINDSIGHT, with full end result in view, to blame others except ourselves for our lack of foresight. It's no use playing the blame game. I never did blame anyone of you, being educated yet unable to forsaw this impending doom.
For those who suspected, they have no evidence to prove themselves right. It's like you have seen an UFO and tell others, but without any photographic proof or credible eyewitness, who can be blamed for not believing you?
No one can be blamed, except for that despicable group of loan managers who gave away money to those that are not capable of repaying it.
Everyone trusted the financial system, and those who were in charge are deemed to have done their regulatory work to process the loan and repackaged it as securities.
Defaulters are common in any loan instruments, but not in significant numbers that can cause an entire collapse of the market before. Credit card defaults had been around over the years, but it never did cause any major problems, because there were regulatory due process being perform to weed out the unsecured.
But for loans packaged into derivatives, there were none. What cause the dramatic collapse was not the numbers of defaulters, but a total absolute lost of confidence in the financial markets. Everyone panic and hoarded their money instead, fearing exposure to such instruments, leading to a collapse in the REAL economy.
Without capital or loans, real economy biz enterprise cannot move forward. No one saw this comming, or had the facts and figures convincing enough to rectify it earlier.
Right now, almost everyone claim they saw it comming, becoming prophets overnight! Worse still, in their delusions, they blame everyone else for their bad foresight.
Thing is, playing the blame game is too late. We need to find solutions and move forward. Hoarding money is not the answer. It is only a lack of confidence response. Everyone loses out in the end.
If you have no confidence, why bother working? You might not get paid. Better to hide at home. And when you run out of money and need to eat, why bother to think of selling your gold jewellry? What makes you think that if you have no confidence in others, why would buyers or employers have confidence in you and your product or skill?
As a message of hope instead of gloom, think of the market as going thru 'creative destruction'. Only the best will survive, not ALL industries will die. From those that survive will a stronger economy arise. Thing is, which industries or companies will be the ones that will survive. I am sure many will have eyes to see and know, and to act accordingly, instead of whining doom and gloom.
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Originally posted by xtreyier:
C'mon, you guys, messengers of doom and gloom, give the revered old man a break.
It is often easy on HINDSIGHT, with full end result in view, to blame others except ourselves for our lack of foresight. It's no use playing the blame game. I never did blame anyone of you, being educated yet unable to forsaw this impending doom.
For those who suspected, they have no evidence to prove themselves right. It's like you have seen an UFO and tell others, but without any photographic proof or credible eyewitness, who can be blamed for not believing you?
No one can be blamed, except for that despicable group of loan managers who gave away money to those that are not capable of repaying it.
Everyone trusted the financial system, and those who were in charge are deemed to have done their regulatory work to process the loan and repackaged it as securities.
Defaulters are common in any loan instruments, but not in significant numbers that can cause an entire collapse of the market before. Credit card defaults had been around over the years, but it never did cause any major problems, because there were regulatory due process being perform to weed out the unsecured.
But for loans packaged into derivatives, there were none. What cause the dramatic collapse was not the numbers of defaulters, but a total absolute lost of confidence in the financial markets. Everyone panic and hoarded their money instead, fearing exposure to such instruments, leading to a collapse in the REAL economy.
Without capital or loans, real economy biz enterprise cannot move forward. No one saw this comming, or had the facts and figures convincing enough to rectify it earlier.
Right now, almost everyone claim they saw it comming, becoming prophets overnight! Worse still, in their delusions, they blame everyone else for their bad foresight.
Thing is, playing the blame game is too late. We need to find solutions and move forward. Hoarding money is not the answer. It is only a lack of confidence response. Everyone loses out in the end.
If you have no confidence, why bother working? You might not get paid. Better to hide at home. And when you run out of money and need to eat, why bother to think of selling your gold jewellry? What makes you think that if you have no confidence in others, why would buyers or employers have confidence in you and your product or skill?
As a message of hope instead of gloom, think of the market as going thru 'creative destruction'. Only the best will survive, not ALL industries will die. From those that survive will a stronger economy arise. Thing is, which industries or companies will be the ones that will survive. I am sure many will have eyes to see and know, and to act accordingly, instead of whining doom and gloom.
You said: "It is often easy on HINDSIGHT"
see: http://sgforums.com/forums/10/topics/320112?page=25
HINDSIGHT???!!! Only an aslicking puppy like you will not be able to see through the propaganda the despots whose asholes you so love to lick spew out.
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Originally posted by AndrewPKYap:
You said: "It is often easy on HINDSIGHT"
see: http://sgforums.com/forums/10/topics/320112?page=25
HINDSIGHT???!!! Only an aslicking puppy like you will not be able to see through the propaganda the despots whose asholes you so love to lick spew out.
Despite your blatant vulgarity, but out of respect to you as a fellow citizen ( I presume so), i read that link. UFOs had been around since the 60s. Everyone predicts they will land. Some claimed Elvis is alive. Some claim Atlantis had been found or exists. Some claim there's a human face on Mars. Humans are ruled by an ultra secret insidious powerful group. BUT WHERE ARE THE EVIDENCES?Similarly, andrew, deluded prophet that you are, crap flows freely.
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Originally posted by xtreyier:....
But for loans packaged into derivatives, there were none. What cause the dramatic collapse was not the numbers of defaulters, but a total absolute lost of confidence in the financial markets. Everyone panic and hoarded their money instead, fearing exposure to such instruments, leading to a collapse in the REAL economy.
....This "total absolute lost [sic] of confidence" is a reaction, a result. Obviously its not a cause. Just like you may lose confidence in (a result), for instance, a friend, because he made a tragic mistake (cause).
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Hindsight? Why does it need to be even on hindsight? China exports tonnes if the annual US deficit goes by. The Chinese population's buying power is pathetic by Western standards, as evidenced by China's huge export surplus.
Then here we are in Singapore, where China, US and the EU together constitute the biggest markets. We are an export oriented economy as well.Throw in Alan Greenspan and the horde of rich fat cats in the US who are rich from excess and are unapologetic about it. It is a bald faced lie that no one saw it coming. Members of the Federal Bank in the US have been clamouring for regulation of the loan market, but the Libertarian fuckers in the US constantly advocated deregulation etc. etc.
Warren Buffet himself presciently predicted how the crisis will come about via the use of derivatives and that everyone knew that when people realised that the Emperor had no clothes, lots of derivatives became waste paper.Put the above 4 together and we all should know we would be in trouble this year.
Anyone with common sense would have known that the crises would come this year as early as last year. How can hundreds of billions of bad loans be considered a "small thing"? All those economists who said nothing would go wrong are a bunch of liars who profitted from their self-perpetuated lies.
Prophecy? No one can be blamed my arse. Everyone in the upper management of Wall street who were involved in this shameful greed ought to be lined up and shot and their assets divided up to feed the poor. Sadly, it will not happen. The Fuckers even have the nerve to make use of taxpayers' monies to fund their fucking huge fat checks.
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Originally posted by xtreyier:
C'mon, you guys, messengers of doom and gloom, give the revered old man a break.
It is often easy on HINDSIGHT, with full end result in view, to blame others except ourselves for our lack of foresight. It's no use playing the blame game. I never did blame anyone of you, being educated yet unable to forsaw this impending doom.
For those who suspected, they have no evidence to prove themselves right. It's like you have seen an UFO and tell others, but without any photographic proof or credible eyewitness, who can be blamed for not believing you?
No one can be blamed, except for that despicable group of loan managers who gave away money to those that are not capable of repaying it.
Everyone trusted the financial system, and those who were in charge are deemed to have done their regulatory work to process the loan and repackaged it as securities.
Defaulters are common in any loan instruments, but not in significant numbers that can cause an entire collapse of the market before. Credit card defaults had been around over the years, but it never did cause any major problems, because there were regulatory due process being perform to weed out the unsecured.
But for loans packaged into derivatives, there were none. What cause the dramatic collapse was not the numbers of defaulters, but a total absolute lost of confidence in the financial markets. Everyone panic and hoarded their money instead, fearing exposure to such instruments, leading to a collapse in the REAL economy.
Without capital or loans, real economy biz enterprise cannot move forward. No one saw this comming, or had the facts and figures convincing enough to rectify it earlier.
Right now, almost everyone claim they saw it comming, becoming prophets overnight! Worse still, in their delusions, they blame everyone else for their bad foresight.
Thing is, playing the blame game is too late. We need to find solutions and move forward. Hoarding money is not the answer. It is only a lack of confidence response. Everyone loses out in the end.
If you have no confidence, why bother working? You might not get paid. Better to hide at home. And when you run out of money and need to eat, why bother to think of selling your gold jewellry? What makes you think that if you have no confidence in others, why would buyers or employers have confidence in you and your product or skill?
As a message of hope instead of gloom, think of the market as going thru 'creative destruction'. Only the best will survive, not ALL industries will die. From those that survive will a stronger economy arise. Thing is, which industries or companies will be the ones that will survive. I am sure many will have eyes to see and know, and to act accordingly, instead of whining doom and gloom.
Your entire post is filled with so many slippery slope fallacies it is not even worth commenting about.
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Originally posted by Fingolfin_Noldor:
Hindsight? Why does it need to be even on hindsight? China exports tonnes if the annual US deficit goes by. The Chinese population's buying power is pathetic by Western standards, as evidenced by China's huge export surplus.
Then here we are in Singapore, where China, US and the EU together constitute the biggest markets. We are an export oriented economy as well.Throw in Alan Greenspan and the horde of rich fat cats in the US who are rich from excess and are unapologetic about it. It is a bald faced lie that no one saw it coming. Members of the Federal Bank in the US have been clamouring for regulation of the loan market, but the Libertarian fuckers in the US constantly advocated deregulation etc. etc.
Warren Buffet himself presciently predicted how the crisis will come about via the use of derivatives and that everyone knew that when people realised that the Emperor had no clothes, lots of derivatives became waste paper.Put the above 4 together and we all should know we would be in trouble this year.
Anyone with common sense would have known that the crises would come this year as early as last year. How can hundreds of billions of bad loans be considered a "small thing"? All those economists who said nothing would go wrong are a bunch of liars who profitted from their self-perpetuated lies.
Prophecy? No one can be blamed my arse. Everyone in the upper management of Wall street who were involved in this shameful greed ought to be lined up and shot and their assets divided up to feed the poor. Sadly, it will not happen. The Fuckers even have the nerve to make use of taxpayers' monies to fund their fucking huge fat checks.
Not only the Wall Street fucks should be shot, but also the people from the Bush Administration for loosening anti-predatory laws for credit companies, spawning the credit crisis.
Ultimately, its another bonanza for the rich as transfer of wealth from the poor to the rich undergoes hyperdrive in the Great Depression: The Next Generation. Correct, its all a game for the financial elite. Even if their pet companies go bust, it doesn't matter because they have it all anyway.
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Originally posted by Fingolfin_Noldor:
Hindsight? Why does it need to be even on hindsight? China exports tonnes if the annual US deficit goes by. The Chinese population's buying power is pathetic by Western standards, as evidenced by China's huge export surplus.
Then here we are in Singapore, where China, US and the EU together constitute the biggest markets. We are an export oriented economy as well.Throw in Alan Greenspan and the horde of rich fat cats in the US who are rich from excess and are unapologetic about it. It is a bald faced lie that no one saw it coming. Members of the Federal Bank in the US have been clamouring for regulation of the loan market, but the Libertarian fuckers in the US constantly advocated deregulation etc. etc.
Warren Buffet himself presciently predicted how the crisis will come about via the use of derivatives and that everyone knew that when people realised that the Emperor had no clothes, lots of derivatives became waste paper.Put the above 4 together and we all should know we would be in trouble this year.
Anyone with common sense would have known that the crises would come this year as early as last year. How can hundreds of billions of bad loans be considered a "small thing"? All those economists who said nothing would go wrong are a bunch of liars who profitted from their self-perpetuated lies.
Prophecy? No one can be blamed my arse. Everyone in the upper management of Wall street who were involved in this shameful greed ought to be lined up and shot and their assets divided up to feed the poor. Sadly, it will not happen. The Fuckers even have the nerve to make use of taxpayers' monies to fund their fucking huge fat checks.
Hindsight is an exact science and you would get an A for your post, just as everyone else. Bravo! Strong statements. Now what? Suck thumbs? -
Originally posted by freedomclub:
Not the the Wall Street fucks should be shot, but also the people from the Bush Administration for loosening anti-predatory laws for credit companies, spawning the credit crisis.
Ultimately, its another bonanza for the rich as transfer of wealth from the poor to the rich undergoes hyperdrive in the Great Depression: The Next Generation. Correct, its all a game for the financial elite. Even if their pet companies go bust, it doesn't matter because they have it all anyway.
The cynics among us might characterise this as a fucking form of class warfare. Just look at the anti-union Republican fuckers who were quoted in a memo related to the recent vote on whether or not to fund the bailout of the auto companies. They described it as a "shot against organised labor".
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Originally posted by xtreyier:
Hindsight is an exact science and you would get an A for your post, just as everyone else. Bravo! Strong statements. Now what? Suck thumbs?Yes. You should suck and bite your thumb off especially for your fucking ignorance and stupidity.
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Originally posted by Fingolfin_Noldor:
The cynics among us might characterise this as a fucking form of class warfare. Just look at the anti-union Republican fuckers who were quoted in a memo related to the recent vote on whether or not to fund the bailout of the auto companies. They described it as a "shot against organised labor".
It is class warfare to create a world of haves and have-nots along the line of the feudal society of old. It's called technocratic feudalism. Otherwise, what would you describe it as?
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Originally posted by Fingolfin_Noldor:
Yes. You should suck and bite your thumb off especially for your fucking ignorance and stupidity.
Pretty good and useful advice, comming from someone who claims 'to know it all'. I do hope that advice is only for me and not for others, afterall, you do claim to delusions of granduer by putting others down as 'F** ignorant and stupid, and would have the perfect solution to get out of this crisis.Let's hear it, unless you are even more 'F** ignorant and stupid'.
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Originally posted by xtreyier:
Pretty good and useful advice, comming from someone who claims 'to know it all'. I do hope that advice is only for me and not for others, afterall, you do claim to delusions of granduer by putting others down as 'F** ignorant and stupid, and would have the perfect solution to get out of this crisis.Let's hear it, unless you are even more 'F** ignorant and stupid'.
No one in the right mind with the intellectual integrity would even dare imply there is a perfect solution to this crisis. The fact that you should even suggest there is one shows who is fucking ignorant and stupid.
Typical PAP dare tactics. Come along and demand solutions when they can't wriggle their way out of something.
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Originally posted by Fingolfin_Noldor:
Hindsight? Why does it need to be even on hindsight? China exports tonnes if the annual US deficit goes by. The Chinese population's buying power is pathetic by Western standards, as evidenced by China's huge export surplus.
Then here we are in Singapore, where China, US and the EU together constitute the biggest markets. We are an export oriented economy as well.Throw in Alan Greenspan and the horde of rich fat cats in the US who are rich from excess and are unapologetic about it. It is a bald faced lie that no one saw it coming. Members of the Federal Bank in the US have been clamouring for regulation of the loan market, but the Libertarian fuckers in the US constantly advocated deregulation etc. etc.
Warren Buffet himself presciently predicted how the crisis will come about via the use of derivatives and that everyone knew that when people realised that the Emperor had no clothes, lots of derivatives became waste paper.Put the above 4 together and we all should know we would be in trouble this year.
Anyone with common sense would have known that the crises would come this year as early as last year. How can hundreds of billions of bad loans be considered a "small thing"? All those economists who said nothing would go wrong are a bunch of liars who profitted from their self-perpetuated lies.
Prophecy? No one can be blamed my arse. Everyone in the upper management of Wall street who were involved in this shameful greed ought to be lined up and shot and their assets divided up to feed the poor. Sadly, it will not happen. The Fuckers even have the nerve to make use of taxpayers' monies to fund their fucking huge fat checks.
SInce you have already expected it from the start of last year ... I guess you should be least affected by it ... I cant see where the anger coming from .I guess you should have profited and earning big bucks from the fall then .... Its time for you to give people treat and act like the all knowing person now .
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Originally posted by Ice Dive:
SInce you have already expected it from the start of last year ... I guess you should be least affected by it ... I cant see where the anger coming from .I guess you should have profited and earning big bucks from the fall then .... Its time for you to give people treat and act like the all knowing person now .
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What part of the post implies anything? Mr." Read my mind but dunno what the fuck you are saying beyond the need to spite me"? -
Originally posted by Fingolfin_Noldor:
....
What part of the post implies anything? Mr." Read my mind but dunno what the fuck you are saying beyond the need to spite me"?
I am just trying to find out if you really know what you are saying ...If you are someone that just pass remarks with anger and say things from reports then I will not try to read too much. But if you are a real investor who manage to know things without hindsight , then I will respect you .
*You are definately not as cool as the avatar you are using ....
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Why taken in by those statistics, are we feed wth the real stuffs?
Statistics are created to 1 advantages