Browsing Tag

recession

35 posts

The myth of the lazy native

If the economy does not bottom out fairly soon, S’poreans’ patience might become sorely taxed.

V-shaped, U-shaped, L-shaped, deep U, fat U…

There is no V-shaped; now the optimistic scenario is a U-shaped recovery,…

Stress lines

In a downturn, we are concerned that minorities, non-Chinese workers will be…

4.8 per cent jobless but worse is yet to come

THE unemployment rate for Singaporeans and permanent residents hit a five-year high…

Borrowing from loansharks – criminalising without providing real choice

Criminalising borrowers may lead to a underground black market. Ravi Philemon.

Singapore ranks second-lowest worldwide for job satisfaction

Only 53 per cent of local respondents claims to be satisfied with their job.

It does get worse

Despite the mainstream media’s spin, chances are that things will get worse. TOC Editorial.

Worst set of economic data in history – but not as bad as it looks?

SINGAPORE on Tuesday released the worst set of economic data in the…

Singapore economy in record fall

But Straits Times report that “it’s not as bad as it looks”.

An alternative to penalising labour

Donaldson Tan suggests a recession insurance for non-financial firms. Firms are not going to stop retrenching workers whom they deem as excess manpower regardless of wage subsidy schemes. Instead, the fiscal policy for saving jobs ought to be targeting firms that face difficulty in raising short-term credit.