sti2020 2nd Gear April 29, 2020 Share April 29, 2020 Singapore's first quarter jobless rate highest in a decade, foreign employment drops Reuters 29 April 2020 Quote The overall unemployment rate rose to 2.4% from 2.3% in the previous quarter, data from the manpower ministry showed on Wednesday, the highest rate since the 2009 global financial crisis. Total employment, excluding foreign domestic workers, fell 19,900 - its sharpest quarterly contraction since 2003 when the country was battling the Severe Acute Respiratory Syndrome outbreak. The fall was due to significant drops in foreign employment across manufacturing, services and construction. Total retrenchments in the first quarter rose to 3,000 from 2,670 in the previous quarter, but was well below a peak of more than 12,000 in the first quarter of 2009. Singapore is facing the deepest recession in its 55-year history, and authorities have warned that unemployment is likely to rise and wages drop. The city-state has among the highest number of infections in Asia and has extended widespread curbs to contain the spread of the virus, which include the closure of most workplaces and schools until June 1. "Labour market conditions are likely to worsen in the upcoming quarter," the manpower ministry said, citing the sharp fall in demand globally and local virus containment measures. ↡ Advertisement Link to post Share on other sites More sharing options...
Windwaver Turbocharged April 29, 2020 Share April 29, 2020 Link to post Share on other sites More sharing options...
Chongster 6th Gear April 29, 2020 Share April 29, 2020 5 hours ago, sti2020 said: heng ah, ZERO loan on hand now everything FULLY PAID ! 🤣 I pay 1.1% housing loan this month the feeling is also not bad. Got to find joy in the little things to keep going. Link to post Share on other sites More sharing options...
sti2020 2nd Gear April 29, 2020 Share April 29, 2020 30 minutes ago, Chongster said: I pay 1.1% housing loan this month the feeling is also not bad. Got to find joy in the little things to keep going. cheap money is not a bad thing sometimes 🤣 Link to post Share on other sites More sharing options...
Wt_know Supersonic April 29, 2020 Share April 29, 2020 4 hours ago, Windwaver said: another lehman lai liao??? Link to post Share on other sites More sharing options...
Voodooman Supersonic April 29, 2020 Share April 29, 2020 9 hours ago, Chongster said: Where are all the guys who say buy on the way up. You guys buying now? I have been buying China on the way up. All the countries have announced massive stimulus but the richest guy at the table is holding back. The AMDK started to give out money weeks ago to people still stuck at home, imagine you give helicopter money to people who can go out and spend? Just sharing, could be a dead cat bounce and those sitting on the fence will be laughing at me. 😅😂😃 1 Link to post Share on other sites More sharing options...
Throttle2 Supersonic April 29, 2020 Share April 29, 2020 https://www.todayonline.com/singapore/total-employment-falls-19000-first-quarter-sharpest-contraction-sars-mom?cid=emarsys-today_TODAY's evening briefing for April 29, 2020 (ACTIVE)_newsletter_29042020_today welcome to the Brotherhood Link to post Share on other sites More sharing options...
Chongster 6th Gear April 29, 2020 Share April 29, 2020 50 minutes ago, Voodooman said: I have been buying China on the way up. All the countries have announced massive stimulus but the richest guy at the table is holding back. The AMDK started to give out money weeks ago to people still stuck at home, imagine you give helicopter money to people who can go out and spend? Just sharing, could be a dead cat bounce and those sitting on the fence will be laughing at me. 😅😂😃 my friends jio me china reits but i ended up with SG reits instead. think they huated more than me : ) Link to post Share on other sites More sharing options...
Cauldron 6th Gear April 29, 2020 Share April 29, 2020 Boeing surge after switching from manufacturing planes to bonds. Can throw away all the text books. Valuation is now based on how fast u can put out bonds. 1 2 Link to post Share on other sites More sharing options...
sti2020 2nd Gear April 30, 2020 Share April 30, 2020 On 4/27/2020 at 8:48 AM, sti2020 said: if US continue to print unlimited magic money, sure chong ! lai liao lai liao chong ah !! 🤣 Link to post Share on other sites More sharing options...
Albeniz Turbocharged April 30, 2020 Share April 30, 2020 Today STI doing a dead cat rebound? Suddenly go up so high. Link to post Share on other sites More sharing options...
Vegas Turbocharged April 30, 2020 Share April 30, 2020 presuming stocks is a leading indicator by about 6 mths... the crash shld not be here yet. many countries are trying to reopen with limited success. if consumer dun spend, then companies make what? SG Q1 and Q2 employment shld be mitigated by Govt many SMEs will fall. without the packages, many would have folded already 2 Link to post Share on other sites More sharing options...
Albeniz Turbocharged April 30, 2020 Share April 30, 2020 (edited) 23 minutes ago, Albeniz said: Today STI doing a dead cat rebound? Suddenly go up so high. Today, remember. To sell on strength ah. Take some profits first. Edited April 30, 2020 by Albeniz 1 Link to post Share on other sites More sharing options...
sti2020 2nd Gear April 30, 2020 Share April 30, 2020 Just now, Albeniz said: Today, remember. To sell on strength ah. Link to post Share on other sites More sharing options...
Chongster 6th Gear April 30, 2020 Share April 30, 2020 DBS maintain dividend. 66 cents in all. Sell? Or buy more? Still below $20. Link to post Share on other sites More sharing options...
sti2020 2nd Gear April 30, 2020 Share April 30, 2020 3 minutes ago, Chongster said: DBS maintain dividend. 66 cents in all. Sell? Or buy more? Still below $20. as you speak, price just went above $20 🤣 Link to post Share on other sites More sharing options...
Showster Twincharged April 30, 2020 Share April 30, 2020 (edited) Remember the overall overarching lesson: money always becomes smaller during crisis. People suffer because they can buy less of essential goods, never because they can buy more. This happens if wages fall or jobs are lost, AND / OR if essential things become MORE expensive (housing, food etc)... When they become more expensive and people try to buy less, they become even MORE expensive. Always look at both sides of the equation. Edited April 30, 2020 by Showster Link to post Share on other sites More sharing options...
sti2020 2nd Gear April 30, 2020 Share April 30, 2020 Just now, Showster said: Remember the overall overarching lesson: money always becomes smaller during crisis. People suffer because they can buy less of essential goods, never because they can buy more. This happens if wages fall or jobs are lost, AND / OR if essential things become MORE expensive (housing, food etc)... Always look at both sides of the equation. even without crisis, money always become smaller those holding 100% cash hoping for private property to crash or stock market to crash will be very disappointed when prices go up again ↡ Advertisement Link to post Share on other sites More sharing options...
Recommended Posts
Related Discussions
Related Discussions
The Perfect Storm of the Stock Market III
The Perfect Storm of the Stock Market III
Josephine Teo: GIC, Temasek won't take more risks
Josephine Teo: GIC, Temasek won't take more risks
Anyone familiar with buying Singapore Government Bonds?
Anyone familiar with buying Singapore Government Bonds?
The Best Cooling Measures: Ice Cream! 😂
The Best Cooling Measures: Ice Cream! 😂
Tesla hits record high in first trading session of 2021
Tesla hits record high in first trading session of 2021
Discussions on Blumont
Discussions on Blumont
STi stock spoiler
STi stock spoiler