Tag: Economy

How China reaches out … will inspire the rest of the world to come towards China: Chan Chun Sing

Singapore -- Minister for Trade and Industry Chan Chun Sing shared his thoughts on China's influence in the international arena when he spoke during Business China’s FutureChina Global Forum. https://www.facebook.com/ChanChunSing.SG/posts/3570977212954236   The forum is held annually for business executives and representatives who have significant interests in China....

Rising debt problem: The global economy’s elephant in the room

Singapore -- Senior Minister Tharman Shanmugaratnam recently shed light on the rising debt of countries around the world, calling it a "very serious issue" that nations must address. The Covid-19 pandemic has drastically altered society almost overnight with its social distancing precautions as a primary...

Thousands expected to be retrenched, netizens call Job Support Scheme unsustainable

After experts have predicted that thousands will be retrenched in Singapore within the next coming months due to the negative effects of the Covid-19 pandemic, netizens have taken to Facebook to express their doubts over the Job Support Scheme pushed by the government. Many...

“Business owners who want to hire foreign Indians should migrate to India with their businesses” Concerned netizen

A netizen's post in the public Facebook group, Concerned Citizens Band Together for a Better Singapore has sparked a conversation among Facebook users regarding the hiring of workers from India. With Singapore making an effort to resuscitate the economy following one of the worst economic crises in...

PSP’s Leong Mun Wai: We welcome additional S$8b for Covid-19 support measures

Singapore -- The Progress Singapore Party's Leong Mun Wai has said that the party welcomes the additional Covid-19 support measures announced by the Government on Monday (Aug 17). In a ministerial statement, Deputy Prime Minister and Finance Minister Heng Swee Keat had said the Government would...

Netizens call for fresh ideas and “less wordy posts” from Chan Chun Sing

Following a sober message from Singapore's Minister for Trade and Industry Chan Chun Sing regarding the nation's economic drop due to Covid-19, Facebook users have called for changes in the way the government handles such challenges. One netizen, in particular, requested that Mr Chan...

Heng Swee Keat: S’pore has avoided spike in layoffs because of support measures

Singapore -- The country has managed to avoid a spike in layoffs because of the support measures in the recent four Budgets, according to Mr Heng Swee Keat, the Deputy Prime Minister, Finance Minister and Co-ordinating Minister for Economic Policies. Mr Heng took to Facebook...

Jamus Lim elected into the Economic Society of Singapore’s Council, netizens applaud the move

Following the news of Workers' Party (WP) member Jamus Lim being elected into the Economic Society of Singapore's (ESS) council, netizens have taken it as a good sign for the opposition candidate who was a "fan favourite" in the nation's recent 2020 General Elections. According to...

Global recovery from COVID-19 on the rocks

The recovery of the world economy from COVID-19 is expected to be prolonged and fragile, with one economist predicting the current rebound will be derailed by a second downturn. “So based on earlier pandemics, that in of itself casts doubt on this optimistic call for...

Bertha Henson: “CCS should be allowed to speak in his own way”

Singapore—In the fourth of a series of National Broadcasts, Trade and Industry Minister Chan Chun Sing spoke on Sunday (June 14) on Making a Living in a COVID-19 World. underlining that the Government's foremost priority is to grow new businesses and create jobs for...