01 Apr '16, 11am

Singapore's economy is in need of an overhaul. The old model of the PAP's top-down approach is obsolete and...

Singapore's economy is in need of an overhaul. The old model of the PAP's top-down approach is obsolete and...

National budgets address the immediate and needs of societies and their peoples. They also have to look into the future and allocate funds for longer-term development. On these counts, Finance Minister Heng Swee Keat's Budget 2016 does not quite do the job. There are three major concerns that Singaporeans face. The first is the negative turn of economic conditions regionally and locally. The ratings of our local banks have just been downgraded from stable to negative because of concerns about asset quality and profitability. The second is that many major retailers have closed because of their inability to survive the high cost environment in Singapore. Even major oil companies like McDermott, Technip, and Subsea 7 have relocated to Malaysia, citing high real estate costs. This has caused a steady increase in the number of layoffs of our workers. The third is the inability ...

Full article: http://yoursdp.org/news/sdp_39_s_response_to_budget_2016/...

Comments

  1. 01 Apr '16, 2pm

    Phim ma thổi đèn. Chín tầng tháp quỷ: http://www.kenh4k.com/2016/02/phim-ma-thoi-en-chin-tang-thap-quy.html

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