recession where are we now
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Originally posted by eagle:
I believe middle... Situations are clearer than when it first started...
More to come I suppose.... I got insider info about my company's subsidiary going to have retrenchments soon too...
I seriously doubt Lee and his shiny head Minister when they said Singapore will recover at the end of the year.
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Originally posted by deepak.c:
I seriously doubt Lee and his shiny head Minister when they said Singapore will recover at the end of the year.
Well, they did say Singapore is in the golden era right before the crash
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pictures u aS A GUY sellin papayas n durians wiv a glove in a stall.hey how come u sell papays,,,dun most guys .. gals... work in high tech factories in good aircon enviroment free from dust???seems like no sporeans in high tech jobs cept people frtom india china etc .
u prefered sellin papays back in some stall than to go werk in comfort?
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all stpm mslaysians or china high school
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Originally posted by eagle:
Well, they did say Singapore is in the golden era right before the crash
I rather Singapore is not in the golden era yet. Because it means .....once the golden era come , there is nothing but down. -
singapore is a has been.
still looks ok but tis hollow...just a shell of wat it used to be.
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shit, have to admin injection, pills dun work on terminator uncle liao
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needs sex from a gal.......pills have no effect on me
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gurunathan?
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recover end of the year? waha h ahaha, impossible. my friend works in job agency told me her company likely to close down. now demand for jobs is worse than few months ago. Thank you Pap, thank you lee kuan yew for allowing so many foreigners here. Money is the motivator for people to be allowed here. ha ha ha. perhaps, pap should change their logo to money sign $
our ruling party is such great leaders !!
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Originally posted by Fantagf:
recover end of the year? waha h ahaha, impossible. my friend works in job agency told me her company likely to close down. now demand for jobs is worse than few months ago. Thank you Pap, thank you lee kuan yew for allowing so many foreigners here. Money is the motivator for people to be allowed here. ha ha ha. perhaps, pap should change their logo to money sign $
our ruling party is such great leaders !!
Hard to believe when our leaders don't even know where they are heading.
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Originally posted by Chew Bakar:
Hard to believe when our leaders don't even know where they are heading.
They are in comfort zone, ivory tower. Theirs is the most secure rice bowls in the whole world besides being the highest paid politicians. So do they really care???During recession they care less about helping people save money. Give $ and at the same time increase utility tarriff. Reduce transport fare by 2 cents but increase fare for transport rebate by 10 cents.
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Its always been quoted by many
recession are for the poor
not for the rich
The rich have too much money to tie
them for generations
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Have you ever wonder where's the best place to save your $ in Singapore?
1) CPF
" Supporting and caring for a rapidly aging population will be an increasing strain on Singapore's younger generations. Today, 8.5 economically active persons are supporting one elderly. By 2030, only 3.5 persons will be supporting one elderly! Therefore, it is important that you plan early for a secure retirement. " (cpf.gov.sg)
CPF Interest Rates (01 Jul 2009 to 30 Sep 2009)
(reviewed quarterly)
Ordinary account 2.50% p.a.
Special, Medisave & Retirement accounts 4.00% p.a.
- Our accounts are gone mostly whenever we buy houses.
Our CPF is never enough for supporting us through retirement!
- based on current inflation rates (6.8% in 2008 ) , and high standard of living in Singapore , CPF is not enough for retirement at all
- due to increase in no. of illness (high blood pressure, diabeties) our money is all contributed to health care. Little is left for other expenses
In conclusion, our CPF is just not enough to support us for retirement. -
Originally posted by clone_war85:
Have you ever wonder where's the best place to save your $ in Singapore?
1) CPF
" Supporting and caring for a rapidly aging population will be an increasing strain on Singapore's younger generations. Today, 8.5 economically active persons are supporting one elderly. By 2030, only 3.5 persons will be supporting one elderly! Therefore, it is important that you plan early for a secure retirement. " (cpf.gov.sg)
CPF Interest Rates (01 Jul 2009 to 30 Sep 2009)
(reviewed quarterly)
Ordinary account 2.50% p.a.
Special, Medisave & Retirement accounts 4.00% p.a.
- Our accounts are gone mostly whenever we buy houses.
Our CPF is never enough for supporting us through retirement!
- based on current inflation rates (6.8% in 2008 ) , and high standard of living in Singapore , CPF is not enough for retirement at all
- due to increase in no. of illness (high blood pressure, diabeties) our money is all contributed to health care. Little is left for other expenses
In conclusion, our CPF is just not enough to support us for retirement.
you swine...u stupid ar??? CPF is mend to support our Sing dollars, other than that, you can forget it.Do you want our sing dollars to go down ar??
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Originally posted by angel7030:
you swine...u stupid ar??? CPF is mend to support our Sing dollars, other than that, you can forget it.Do you want our sing dollars to go down ar??
Do you seriously think that all the monies that Singaporean contribute into the CPF is sitting there "un-USED" to back the Singapore Dollar ?
In the first place, do you understand the mechanics in how the money of a country is being backed ?
In the early days when the PAP Government stepped into the Government, there was ZERO amount in the Ministry of Finance and in the Treasury - as claimed by LKY.
Money had to be raised to get the gears of Government running or the machinery to govern Singapore will collapse.
The CPF was initially started by the British Colonial Government as an addition to the Pension Scheme, and was intended to be a Retirement Saving Fund - much like that offered by Banks today.
The CPF scheme started by the Colonial Government was VOLUNTARY based.
This provided the PAP Government with the easiest source of money that is available immediately.
Legislations was passed to make CPF contribution a monthly affair, and made COMPULSORY for all new workers - while those who have been employed under the pension scheme, were offered a choice of keeping the pension or switch over.
The money in the CPF was borrowed by the PAP Government for all the infrastructure development in Singapore at a cheap rate of 2.5 per cent per annum.
The CPF was the Banker to the Government, and the loan taken was returned to the CPF Board from the annual surplus that the Government managed from all the various revenue generating programs.
The CPF will in all probability keep the money collected in a continuous state of investment in various areas - keeping a balanced ratio of cash to investments.
There has never been any clear indication as to what kind of investments the CPF monies had gone into, but one can be certain that a substantial amount would have gone to the various types of bonds offered by the Singapore Government and the various GLCs that provide essential services to Singaporeans.
If the Singapore Dollar should go down in value, it will not be a lack of CPF backing but more due to the Singapore economic viability to support the SingDollar.
The revenue that this Singapore Government report is not from the huge industrial output of manufactured goods exported, but from the revenues that this Government collect through various direct and indirect taxes imposed on Singaporeans, as well as from the revenues collected by the various GLCs charging Singaporeans for the essential services provided.
Singapore export less than Hongkong, yet the Governmet can report huge annual surplus that outstrip Hongkong's.
No wonder this Government insist on being paid similar wages as the Corporate Executives in the Private Sector, as the Ministers are the executives managing Singapore Incorporated.
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Originally posted by angel7030:
Me too, just that after the middle phrase, wonder how long is the horizontal U line, I had a feeling that it is the begining, we yet to see the base of it. My gosh! Sand delayed!now then I see this
hmmm... according to my charts analysis of stock markets, 2011, not confirm though
according to economic fundamentals, most likely not within this year...
according to Jim Rogers or WB or those gurus, still be careful... they have not bought in yet
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Originally posted by noahnoah:
Its always been quoted by many
recession are for the poor
not for the rich
The rich have too much money to tie
them for generations
That is why our pap ministers all not affected by it. -
Originally posted by Atobe:
Do you seriously think that all the monies that Singaporean contribute into the CPF is sitting there "un-USED" to back the Singapore Dollar ?
In the first place, do you understand the mechanics in how the money of a country is being backed ?
In the early days when the PAP Government stepped into the Government, there was ZERO amount in the Ministry of Finance and in the Treasury - as claimed by LKY.
Money had to be raised to get the gears of Government running or the machinery to govern Singapore will collapse.
The CPF was initially started by the British Colonial Government as an addition to the Pension Scheme, and was intended to be a Retirement Saving Fund - much like that offered by Banks today.
The CPF scheme started by the Colonial Government was VOLUNTARY based.
This provided the PAP Government with the easiest source of money that is available immediately.
Legislations was passed to make CPF contribution a monthly affair, and made COMPULSORY for all new workers - while those who have been employed under the pension scheme, were offered a choice of keeping the pension or switch over.
The money in the CPF was borrowed by the PAP Government for all the infrastructure development in Singapore at a cheap rate of 2.5 per cent per annum.
The CPF was the Banker to the Government, and the loan taken was returned to the CPF Board from the annual surplus that the Government managed from all the various revenue generating programs.
The CPF will in all probability keep the money collected in a continuous state of investment in various areas - keeping a balanced ratio of cash to investments.
There has never been any clear indication as to what kind of investments the CPF monies had gone into, but one can be certain that a substantial amount would have gone to the various types of bonds offered by the Singapore Government and the various GLCs that provide essential services to Singaporeans.
If the Singapore Dollar should go down in value, it will not be a lack of CPF backing but more due to the Singapore economic viability to support the SingDollar.
The revenue that this Singapore Government report is not from the huge industrial output of manufactured goods exported, but from the revenues that this Government collect through various direct and indirect taxes imposed on Singaporeans, as well as from the revenues collected by the various GLCs charging Singaporeans for the essential services provided.
Singapore export less than Hongkong, yet the Governmet can report huge annual surplus that outstrip Hongkong's.
No wonder this Government insist on being paid similar wages as the Corporate Executives in the Private Sector, as the Ministers are the executives managing Singapore Incorporated.
Whether it is used for investment or saving in our treasury, it uphold the sing dollars, do you want your sing dollars to depreciate overnight and find your saving lowered by half??
Without natural resources and near corruption free govt, do you expect the politician here to rule like the junta or even our neighbouring countries?? Just imagine, without any natural resources and not even a single rice, we are on top in many way against them, sure you got to do some managment stuff to get things right. Other countries govt may be getting lower paid, but the undertable money can be anytime, more than our ministers paid, you bet.
You must understand that CPF is not entirely your money, as a boss (under my daddy) i need to contribute 14.5% of my staffs CPF UNDER THE LAW OF THE GOVT, not by the staff. The staffs contribute 20%. All these are mend to secure a good old age life, the govt can alway move the 14.5% as these are by laws a contribution from the employers, therefore u have to understand that this amount is not a employee money, it is a fund under that laws to enforce the employers to help their staffs. People have the wrong concept that CPF is totally theirs, that is why the govt can manipulate the funds and give back your share of 20% only. Anyway, the govt is only planning to help the old agers to handle their CPF with care, many spent lavishly and in the end no money.
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Warren Buffett: Second stimulus may be needed, first was like Viagra candy
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I think the government dun even know where we are now....
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i think they know
but cannot say too much to make you worry and not spend
Spending is what keeps the economy going. I did my part by spending on 3 movies (total 6 tickets) within the last 2 weeks -
Originally posted by Singmarine:
I think the government dun even know where we are now….
they dun even know you and me existence, their focus have shifted to more FDI and FT -
Originally posted by eagle:
i think they know
but cannot say too much to make you worry and not spend
Spending is what keeps the economy going. I did my part by spending on 3 movies (total 6 tickets) within the last 2 weeks
i helped malaysia, i spent watching movies at JB central. -
200th..