Bad news every day! Singapore Airlines grounding 14 aircrafts and stops flying to Vancouver. All business class flights to US are reduced. However, Singapore Airlines still manage to confound analysts by turning profits. Many programs by government are implemented to soften the blows of the recessions.
Singapore has many first. First country in Asia to go into recession. First to have export with drastic 35% drop since 1977, First to report jobs loss, First to...
Singapore has open economy and transparent reporting. Many bad news and Government's response. 90% subsidies for training, slight increase in handouts, job matching, workfare.
Seems like after giving goodies, ground is prepared for elections. We may have elections soon.
No comments:
Post a Comment