2017! Are we in recession?

[Throttle2]

24.8B .... i wonder where the money went ... ... huat ah!

i guess those who shout sibei jialat make all the money

You are the one who shouted sibei jialat

[Wt_know]

my full time employment jialat and your jobless kiasee jialat quite different leh ... LOL

 

You are the one who shouted sibei jialat

 

Edited February 15, 2017 by Wt_know

[Throttle2]

my full time employment jialat and your jobless kiasee jialat quite different leh ... LOL

Yah, you fully employed jialat is fake one.

 

My jobless jialat which requires the sale of personal possessions is real one.

[RadX]

Cb what recession?

 

Growth in jan 8.6%

 

Must be T2 prop up lolex mkt

Singapore exports expand for 3rd straight month in January

http://www.channelnewsasia.com/news/singapore/singapore-exports-expand-for-3rd-straight-month-in-january/3526546.html

[Throttle2]

Cb what recession?

 

Growth in jan 8.6%

 

Must be T2 prop up lolex mkt

Singapore exports expand for 3rd straight month in January

http://www.channelnewsasia.com/news/singapore/singapore-exports-expand-for-3rd-straight-month-in-january/3526546.html

In non oil exports?

Heng ah, after our SGD weakened so much, thats just decent performance which can help to prop overall economic figures and GDP

But Singapore Economy is more diverse than that.

So we are not out of the woods yet.

[RadX]

In non oil exports?

Heng ah, after our SGD weakened so much, thats just decent performance which can help to prop overall economic figures and GDP

But Singapore Economy is more diverse than that.

So we are not out of the woods yet.

 

think its more like window dressing n to prep for some 'bonus' coming out

[Staff69]

ok ok i benefited from their spending.

 

 

 

 

time to chut

 

 

where the nearest

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

toy r us dealer

 

where i can pay full cash

Edited February 17, 2017 by Staff69

[Enye]

simi recession?

 

 

 

Household income up in 2016, but at slower rate

 

SINGAPORE: Families across all income groups in Singapore saw their earnings rise last year, although the rate of growth slowed compared to the previous year, according to data released by the Department of Statistics (Singstat) on Thursday (Feb 16).

Among households headed by a Singapore citizen or permanent resident which had at least one working person, the median monthly income was S$8,846 – an increase of 2.1 per cent from S$8,666 in 2015, or a 2.6 per cent increase after taking into account negative inflation. The figure includes employer Central Provident Fund (CPF) contributions.

 

 

This compares to 2015 when the rate of growth was 4.5 per cent, or 4.9 per cent after adjusting for inflation.

Across all income groups, employed households saw their average income per member rise between 0.2 and 4.3 per cent in real terms. In comparison, their real income growth in 2015 was between 5.7 and 10.7 per cent.

Among the poorest households – those in the bottom 10 per cent – real income rose by 1.4 per cent. This is a decline from the 10.7 per cent growth that this group saw in 2015.

For those in the top 10 per cent, their income per household member grew by just 0.2 per cent in real terms, down from a 7.2 per cent growth the previous year.

 

 

 

INCOME INEQUALITY AT 10-YEAR LOW

Singapore's Gini coefficient – a measure of income inequality – dipped to its lowest in a decade at 0.458, down from 0.463 in 2015. A zero coefficient indicates total income equality while one marks total inequality.

After factoring in government transfers such as GST vouchers, utilities rebates and other subsidies, the Gini coefficient fell further to 0.402 – reflecting the redistributive effect of government transfers, Singstat said.

 

 

 

The department also reported that households in one- and two-room flats received an average of S$9,806 per member from various government schemes last year, more than double the average figure received by those staying in other types of accommodation.

Households with no working members also received an average of S$6,424 per member from government schemes in 2016 – 65 per cent more than the S$3,895 received by households with at least one employed person.

“IT’S STILL GROWTH”

Despite the dip in the growth rate, it is still an increase, said sociologist Tan Ern Ser. “It does suggest we are doing better,” he added.

Economist Song Seng Wun agreed. “It’s still growth. The economy overall is slower, as reflected in labour market conditions being weakened and unemployment rising, but there are areas where growth is stronger than other parts.”

Still, he conceded that growth continues to be challenging. “Macro growth last year was slowest, and this is reflected in average incomes,” said Mr Song. “The thing which struck me most was the average monthly household income from work per member for the lowest income group – which went from S$541 to S$543 – the weakest pace of growth since 2009.”

He was referring to the bottom tenth decile of households, which saw their income growth plunge from 10.7 per cent in 2015 to 1.4 per cent in 2016.

“The 10.7 per cent growth in 2015 was an exaggeration,” Mr Song argued. “If you look at dollar value, it was a rise of a few dollars. It’s still very low. These workers are still being exploited. We need to pay them more.”

 

Member of Parliament Tin Pei Ling, who is deputy chair for the Government Parliamentary Committee on Social and Family Development, said this lowest tier of earners were her main concern.

 

“We have to make sure they won’t be left behind. The lower deciles are made up of lower skilled workers, who are easily replaced by technological advances,” she said. “We must continue to empower and equip these workers, to make sure they learn and relearn to move into new areas of growth.”

 

Noting the drop in the Gini coefficient after factoring in Government transfers, Ms Tin added that the state should continue to do so, to see lower earners through tough times.

 

“We can see an effort by the Government to try and boost wages for the lower income deciles,” Mr Song observed. “The income gap didn’t widen over recent years. Especially in the last four years, we’ve seen more targeted measures in the Budget to help the more vulnerable.”

 

The top tenth decile of households also recorded a decrease in income growth, from 7.2 per cent in 2015 to 0.2 per cent in 2016.

 

This group could be dependent on income from investments, and the last 10 years have seen market volatility and economic downturns, said Mr Song.

 

Assoc Prof Tan said the slowed growth for top income earners could be due retirees, retrenchments, or workers in high-paying jobs not being paid as well as before.

 

Asked to cast an eye on the future, he said: “Much will depend on the economy’s performance, and whether we still can create good, high value-added jobs; and have people rise to the occasion through retraining and skills upgrading. Then we have reason to be optimistic.” 

 

• • By Justin Ong
  •  
  •  
  • 
    

[Showster]

If T2 tells you recession is over, get ready for the boom, I will be really really worried!

 

Keep on keeping on!

 

 

think its more like window dressing n to prep for some 'bonus' coming out

[Theoldjaffa]

ok ok i benefited from their spending.

 

time to chut maserati-granturismo.png

 

 

where the nearest

 

toy r us dealer

 

where i can pay full cashððð

After u buy ur Maserati, You can always pop by the prata shop for nice prata and masala tea while admiring your Maserati Edited February 17, 2017 by Theoldjaffa

[Ktglfc]

Cb what recession?

 

Growth in jan 8.6%

 

Must be T2 prop up lolex mkt

Singapore exports expand for 3rd straight month in January

http://www.channelnewsasia.com/news/singapore/singapore-exports-expand-for-3rd-straight-month-in-january/3526546.html

 

Not only no recession, garmen increasing S&CC for flats, shops, etc in p8p town councils...

Confirm no recession, else garmen wont be so hard-hearted to raise fees during a downturn ...

The economy must be doing really well with median family income improving ...

[Sunny]

 

simi recession?

 

 

 

Household income up in 2016, but at slower rate

 

SINGAPORE: Families across all income groups in Singapore saw their earnings rise last year, although the rate of growth slowed compared to the previous year, according to data released by the Department of Statistics (Singstat) on Thursday (Feb 16).

Among households headed by a Singapore citizen or permanent resident which had at least one working person, the median monthly income was S$8,846 – an increase of 2.1 per cent from S$8,666 in 2015, or a 2.6 per cent increase after taking into account negative inflation. The figure includes employer Central Provident Fund (CPF) contributions.

 

 

 

This compares to 2015 when the rate of growth was 4.5 per cent, or 4.9 per cent after adjusting for inflation.

Across all income groups, employed households saw their average income per member rise between 0.2 and 4.3 per cent in real terms. In comparison, their real income growth in 2015 was between 5.7 and 10.7 per cent.

Among the poorest households – those in the bottom 10 per cent – real income rose by 1.4 per cent. This is a decline from the 10.7 per cent growth that this group saw in 2015.

For those in the top 10 per cent, their income per household member grew by just 0.2 per cent in real terms, down from a 7.2 per cent growth the previous year.

 

 

 

 

INCOME INEQUALITY AT 10-YEAR LOW

Singapore's Gini coefficient – a measure of income inequality – dipped to its lowest in a decade at 0.458, down from 0.463 in 2015. A zero coefficient indicates total income equality while one marks total inequality.

After factoring in government transfers such as GST vouchers, utilities rebates and other subsidies, the Gini coefficient fell further to 0.402 – reflecting the redistributive effect of government transfers, Singstat said.

 

 

 

 

The department also reported that households in one- and two-room flats received an average of S$9,806 per member from various government schemes last year, more than double the average figure received by those staying in other types of accommodation.

Households with no working members also received an average of S$6,424 per member from government schemes in 2016 – 65 per cent more than the S$3,895 received by households with at least one employed person.

“IT’S STILL GROWTH”

Despite the dip in the growth rate, it is still an increase, said sociologist Tan Ern Ser. “It does suggest we are doing better,” he added.

Economist Song Seng Wun agreed. “It’s still growth. The economy overall is slower, as reflected in labour market conditions being weakened and unemployment rising, but there are areas where growth is stronger than other parts.”

Still, he conceded that growth continues to be challenging. “Macro growth last year was slowest, and this is reflected in average incomes,” said Mr Song. “The thing which struck me most was the average monthly household income from work per member for the lowest income group – which went from S$541 to S$543 – the weakest pace of growth since 2009.”

He was referring to the bottom tenth decile of households, which saw their income growth plunge from 10.7 per cent in 2015 to 1.4 per cent in 2016.

“The 10.7 per cent growth in 2015 was an exaggeration,” Mr Song argued. “If you look at dollar value, it was a rise of a few dollars. It’s still very low. These workers are still being exploited. We need to pay them more.”

 

Member of Parliament Tin Pei Ling, who is deputy chair for the Government Parliamentary Committee on Social and Family Development, said this lowest tier of earners were her main concern.

 

“We have to make sure they won’t be left behind. The lower deciles are made up of lower skilled workers, who are easily replaced by technological advances,” she said. “We must continue to empower and equip these workers, to make sure they learn and relearn to move into new areas of growth.”

 

Noting the drop in the Gini coefficient after factoring in Government transfers, Ms Tin added that the state should continue to do so, to see lower earners through tough times.

 

“We can see an effort by the Government to try and boost wages for the lower income deciles,” Mr Song observed. “The income gap didn’t widen over recent years. Especially in the last four years, we’ve seen more targeted measures in the Budget to help the more vulnerable.”

 

The top tenth decile of households also recorded a decrease in income growth, from 7.2 per cent in 2015 to 0.2 per cent in 2016.

 

This group could be dependent on income from investments, and the last 10 years have seen market volatility and economic downturns, said Mr Song.

 

Assoc Prof Tan said the slowed growth for top income earners could be due retirees, retrenchments, or workers in high-paying jobs not being paid as well as before.

 

Asked to cast an eye on the future, he said: “Much will depend on the economy’s performance, and whether we still can create good, high value-added jobs; and have people rise to the occasion through retraining and skills upgrading. Then we have reason to be optimistic.” 

 

• • By Justin Ong
  •  
  •  
  •  

 

 

 

my household income no up

 

household expenses up

 

 

haix

 

no thank me for building the nation....

ok ok i benefited from their spending.

 

 

 

 

time to chutmaserati-granturismo.png

 

 

where the nearest

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

toy r us dealer

 

where i can pay full cash

[Enye]

my household income no up

 

household expenses up

 

 

haix

 

no thank me for building the nation....

 

 

 

this morning first time seen a black marserati SUV

jin swee

 

The top tenth decile of households also recorded a decrease in income growth, from 7.2 per cent in 2015 to 0.2 per cent in 2016.

 

sibeh haolian...ownself admit ownself in top 10th decile household hor, towkay

 

[Sunny]

The top tenth decile of households also recorded a decrease in income growth, from 7.2 per cent in 2015 to 0.2 per cent in 2016.

 

sibeh haolian...ownself admit ownself in top 10th decile household hor, towkay

 

 

 

sibeh suan siao

 

 

东西可以乱吃 话不能乱讲  <== who said de?   

 

 

HSBC having promo..spend S$1288 before 28 Feb, gets 15% rebates (on dinning n grocery bills)

 

I'm helping to build the nation 

[Kusje]

sibeh suan siao

 

 

东西可以乱吃 话不能乱讲  <== who said de?   

 

 

HSBC having promo..spend S$1288 before 28 Feb, gets 15% rebates (on dinning n grocery bills)

 

I'm helping to build the nation 

 

How to spend so much? this one is for those bros who always share in the makan thread.

 

@lausai88

[Wyfitms]

After u buy ur Maserati, You can always pop by the prata shop for nice prata and masala tea while admiring your Maserati

Lunch time... talk abt Maserati makes me hungry

[Staff69]

 

 

radx. your watch come already

Edited February 17, 2017 by Staff69

[Lala81]

sibeh suan siao

 

 

东西可以乱吃 话不能乱讲  <== who said de?   

 

 

HSBC having promo..spend S$1288 before 28 Feb, gets 15% rebates (on dinning n grocery bills)

 

I'm helping to build the nation 

 

unless u help pay the bills for some reunion gatherings, not easy siah