Fuel prices down for 2nd time

[Cutebeat]

pls continue and force the prices down!

[Moomoocow]

yeshhhhhhh...another 4 cents down!!!!!!

[Cutebeat]

seems like the boycott of 2 certain brands did help!

pls continue to do so.

[Kaer]

4 cents only? oil down 10$

[RadX]

I would like to think that crude has been falling these few days with the poor sentiment in the US and looks like hard times ahead of us

 

Our NODX dropped 10.5%liao

[Verve]

don t be so naive, and dumb, the recent price reduction has got nothing to do with consumer behaviour

[RadX]

Singapore's non-oil domestic exports fall 10.5% in June

Posted: 17 July 2008 1411 hrs Photos 1 of 1

Singapore's seaport to be world's first WiMax enabled by 2008

 

SINGAPORE: Singapore's key non-oil domestic exports (NODX) fell an annual 10.5 per cent in June, pulled down by weaker shipments to the US market as well as to China and Europe, the government said Thursday.

 

The drop, compared with the same month a year earlier, was steeper than the 1.8 per cent fall tipped in a poll of economists by Dow Jones Newswires.

 

June's figure was unchanged from the 10.5 per cent decline seen in May, the trade promotion agency International Enterprise Singapore (IE Singapore) said in its monthly report.

 

"The largest contributors to the NODX contraction were the US, EU 27 and China," it said.

 

On a month-on-month seasonally adjusted basis, key exports grew 4.2 per cent last month after a 9.8 per cent fall in May, the agency said.

 

Total trade in June grew 14.4 per cent to S$82.3 billion, while NODX was worth S$12.79 billion, the trade agency said.

 

IE Singapore said poorer shipments of both electronics and non-electronics goods were behind last month's export decline.

 

Electronics exports, which have been dropping since February last year, contracted 14.6 per cent to S$4.8 billion in June, while non-electronic shipments eased 7.9 per cent to S$7.95 billion, IE Singapore said.

 

NODX to the US in June recorded the largest decline of 24.3 per cent, to S$1.5 billion, a deterioration from the 22.3 per cent decline posted the previous month, it said.

 

To the European Union economies, NODX fell 16.1 per cent to S$2 billion, while shipments to China dropped 11.7 per cent to S$1.3 billion, IE Singapore said.

 

Exports to Singapore's other top markets also contracted, with the exception of Malaysia, South Korea and Hong Kong, it said.

 

The monthly figures are a closely watched barometer of Singapore's export-led economy in which gross domestic product was valued at S$243.17 billion last year.

[Leepee]

Yoohoo...rolling good times are here again.

Can go and buy big cars liao.

Petrol cheaper, buy big car no need to worry liao!

[Baibai]

good good!!

cheaper cheaper!!

[Adawang]

think about when the supply of oil is going to run out

for the whole world

oil will not get cheaper in the long run

[Upandcoming]

i rem reading u r a uni kid here. is this how myopic uni education has done to ur mind my fren?

 

NODX is one of the KPI of the economy, whats more one that is heavily reliant on Export.

 

If the demand in US and EU27 falls, it surely reads of wary purchase attitude and this will adversely affect our economy. Already we see inflation setting in and a slowing down of economy, recession is the buzz word and u think that a mere 4 cents drop is sufficient to go purchase huge cars?

 

better think again, even if u feel u got enough parents moola to spend my friend. take care, no offence.

[Sucker]

US may be experiencing stagflation. I'm not sure about Singapore... It looks like it.

[Leepee]

I read the oil price up is due to US $ down.

I don't expect US $ to be down for the next 20years right? It will bounce back in 1+yrs, then oil price will surely go below US$100 or lower!

Now US economy is down, Singapore is dragged down. But will this last for the nest 20years too? Hell NO! I am sure 1+years, the economy will bounce back the properties will shoot up higher(like 2007).

Recesssion comes, means lesser people use oil, so the price will drop faster. Those oil speculators may get burnt and result in lesser of them to play the market, therefore less speculation and the price will reflect the normal demand/supply correctly!

Beijing olympic is over, there is no more stadiums to built, no hugh infrastructure to built in CHina. So the demand for steel/oil will also come down sharply.

 

I got study in my uni. I am open to worldwide views.

I believe its time to get a car as the COE will also crash, due to Singapore all kiasi of recession and high oil price.

[Curahee]

In near future, even COE crash, car cheap cheap. u can happily buy a car but u dare to drive out of the CP?

[Curahee]

1 yr up 13 times (if i not wrong), down 2 times...

[Leepee]

If the COE is cheaper by $5000. Meaning car is also cheaper by that much.

 

Do you know how many ERP you can go pass and stlll not feel the pain?

 

Assume

$5000 divide by daily $5 = 1000times.

One year drive 250 days thru ERP = 4 years breakeven!

 

So if COE were to crash, then its 100% a good time to get a car. (Provided you have being waiting to get one and is able to afford to in the beginning!)

[Tigershark1976]

i rem reading u r a uni kid here. is this how myopic uni education has done to ur mind my fren?

 

NODX is one of the KPI of the economy, whats more one that is heavily reliant on Export.

 

If the demand in US and EU27 falls, it surely reads of wary purchase attitude and this will adversely affect our economy. Already we see inflation setting in and a slowing down of economy, recession is the buzz word and u think that a mere 4 cents drop is sufficient to go purchase huge cars?

 

better think again, even if u feel u got enough parents moola to spend my friend. take care, no offence.

 

cool down bro... think he is just trying to be a veryyyyyyy positive... nothing wrong with that. anyway,i hope i could think like him

[Upandcoming]

haha not angry or worked up bro, lol i guess well when young we convince ourselves to be more positive and adopt a buy first or can do attitude...lol when older then start to count and swea ...haha =P