Recession coming....

[RadX]

...but i thot we got one superhero who can STEER our way out steady wan??

tt time, i remember, steady hand, steady this, that.....smlj??

 

DPM Tharman warns of severe slowdown in global economy

By Wayne Chan | Posted: 19 November 2011 1843 hrs

 

 

 

 

SINGAPORE: Deputy Prime Minister Tharman Shanmugaratnam has warned of a possible severe slowdown in the global economy due to the debt crisis in Europe.

 

He said that this could test the leadership of Singapore's government and union movement.

 

Mr Tharman said: "Unfortunately, troubles are brewing once again, this time in the eurozone... We have to prepare for the possibility, the very real possibility of rough times ahead, a severe slowdown in the global economy. Once again, this will test leadership, leadership not just within government but leadership within the union movement."

 

He was speaking at a graduation ceremony for the Ong Teng Cheong Labour Leadership Institute, where Mr Tharman and Labour Chief Lim Swee Say gave out certificates and diplomas to 99 graduates.

 

Mr Tharman's comments come a day after the Monetary Authority of Singapore (MAS) warned that the global economy is at its most fragile state since the last financial crisis.

 

However, Mr Tharman believes Singapore will be able to use crises to become fitter, more skilled and more ready to take on future opportunities.

 

He said: "That has been the way we have dealt with past crises, not become all defensive, not retreat, but use the crisis as an opportunity to build up skills and build up competitiveness.

 

"And if we go through difficulties once again next year and possibly beyond, we will be able to once again show the world how we use crises to build up our competitiveness and to emerge even stronger, just like we did the last time."

 

Mr Tharman said Singapore's brand of tripartism (where the union works together with the government and companies), has resulted in Singaporean workers today enjoying better working conditions and higher salaries - something not many other countries have been able to achieve.

 

But he added that there is still the ongoing battle to uplift those with low wages who are struggling to survive, and to correct working conditions which are still substandard in pockets of the economy.

 

During the ceremony, Mr Tharman also highlighted graduates who made an effort to upgrade. One of them was 50-year-old Mohd Rasi Taib, president of the National Transport Worker's Union, who did not let age stop him from upgrading his skills.

 

Another is Mr Ramanathan Doraisamy. He was retrenched but picked up leadership skills learnt at the institute and secured a new job as a quality assurance engineer.

 

The graduates included union leaders, as well as industrial relations and human resource practitioners.

 

 

[Csnewbie]

 

THE formula to steer clear of recession is to 'support PAP'

[RadX]

THE formula to steer clear of recession is to 'support PAP'

 

bu bu but....the 'steady hand' is non-partisan nia

[Without_a_car]

I think the election was well timed.

[Jasonjst]

...but i thot we got one superhero who can STEER our way out steady wan??

tt time, i remember, steady hand, steady this, that.....smlj??

 

DPM Tharman warns of severe slowdown in global economy

By Wayne Chan | Posted: 19 November 2011 1843 hrs

 

 

 

 

SINGAPORE: Deputy Prime Minister Tharman Shanmugaratnam has warned of a possible severe slowdown in the global economy due to the debt crisis in Europe.

 

He said that this could test the leadership of Singapore's government and union movement.

 

Mr Tharman said: "Unfortunately, troubles are brewing once again, this time in the eurozone... We have to prepare for the possibility, the very real possibility of rough times ahead, a severe slowdown in the global economy. Once again, this will test leadership, leadership not just within government but leadership within the union movement."

He was speaking at a graduation ceremony for the Ong Teng Cheong Labour Leadership Institute, where Mr Tharman and Labour Chief Lim Swee Say gave out certificates and diplomas to 99 graduates.

 

Mr Tharman's comments come a day after the Monetary Authority of Singapore (MAS) warned that the global economy is at its most fragile state since the last financial crisis.

 

However, Mr Tharman believes Singapore will be able to use crises to become fitter, more skilled and more ready to take on future opportunities.

 

He said: "That has been the way we have dealt with past crises, not become all defensive, not retreat, but use the crisis as an opportunity to build up skills and build up competitiveness.

 

"And if we go through difficulties once again next year and possibly beyond, we will be able to once again show the world how we use crises to build up our competitiveness and to emerge even stronger, just like we did the last time."

 

Mr Tharman said Singapore's brand of tripartism (where the union works together with the government and companies), has resulted in Singaporean workers today enjoying better working conditions and higher salaries - something not many other countries have been able to achieve.

 

But he added that there is still the ongoing battle to uplift those with low wages who are struggling to survive, and to correct working conditions which are still substandard in pockets of the economy.

 

During the ceremony, Mr Tharman also highlighted graduates who made an effort to upgrade. One of them was 50-year-old Mohd Rasi Taib, president of the National Transport Worker's Union, who did not let age stop him from upgrading his skills.

 

Another is Mr Ramanathan Doraisamy. He was retrenched but picked up leadership skills learnt at the institute and secured a new job as a quality assurance engineer.

 

The graduates included union leaders, as well as industrial relations and human resource practitioners.

 

Wow , once again locals can go back to drive taxi , clean table . We need even more cheaper FTs to create jobs for locals and lower the cost of doing business in Singapore . Expensive locals who inflat the economy, jilat liao .

[Csnewbie]

bu bu but....the 'steady hand' is non-partisan nia

 

'steady hand' means PAP

 

otherwise 'steady hand' has to join Ken5555's thread [:p]

[Without_a_car]

Wow , once again locals can go back to drive taxi , clean table . We need even more cheaper FTs to create jobs for locals and lower the cost of doing business in Singapore . Expensive locals who inflat the economy, jilat liao .

 

SOP, cut CPF, retrench Singaporeans, Straits Times publish article says Singaporeans live their life beyond their means, photos of more people staying in tents,

[Amuze]

And just a few mths ago, the president's pay increase was approved...

[Nlstch]

Wow , once again locals can go back to drive taxi , clean table . We need even more cheaper FTs to create jobs for locals and lower the cost of doing business in Singapore . Expensive locals who inflat the economy, jilat liao .

Yeap, then you will see the situation whereby all local either doing cheap labour job or out of job and all FT sit in office enjoying air-con and laugh at local and our Gov for this to happen :angry:

[Mockngbrd]

We Kenna pwnzed again

[RadX]

We Kenna pwnzed again

 

 

u can be gigolo lah..... u have the caliblur

[5936]

Yes its coming

The signs are clear.

Politicians has been talking abt it with there bits and chunks of bad news and storms ahead.

Next year tough.

[Bertlsc]

Whenever there is a recession, petrol will go up, Utilities will go up, more traffic police will be on the rd and lastly you will be seeing more parking auntie everywhere. This is wat i've been observed.

 

[Subutai]

Strike fear then reap rewards later... what else is new.

 

[Jp66]

Yes its coming

The signs are clear.

Politicians has been talking abt it with there bits and chunks of bad news and storms ahead.

Next year tough.

but why property price & coe still move up like nobody business

Edited November 20, 2011 by Jp66

[Zze121]

but why property price & coe still move up like nobody business

The land is bought half year ago, every unit price is fixed, unless the plot of land release n bid after recession.

[SimonTan]

Hello...I voted for stability and a person that can steer Singapore out of recession and hardship.

How come this type of news can emerge?

I don't believe recession will come as I have voted correctly and proudly.

I know the president will guide the leaders and unions to prosperity and show the whole world that Singapore is recession proof!!

I am not worried at all.

 

[Sabbie]

What recession? Went to hong seh, people buying maserati, went sttutgart, people buying Porsche, went Katong shopping centre for tuina, people queuing to buy the seawind...what recession???