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4D/Toto/Score
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DPM LEE Hsien Loong announces S$11.3 billion off-budget measures to help
Singaporeans
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SPEECH BY
DEPUTY PRIME MINISTER LEE HSIEN LOONG IN PARLIAMENT ON
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12 OCT 2001
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TACKLING
THE ECONOMIC DOWNTURN
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Introduction
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The
Singapore economy is in a severe slowdown. Earlier this week
BG George Yeo and Dr Richard Hu announced the third quarter
economic results. Our economy contracted by 5.6% compared to
a year earlier. In annualised quarter to quarter terms, the
contraction was 9.9%. The sustained contraction over the
last 3 quarters is the steepest that Singapore has
experienced.
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On
25 July, the Government announced a package of measures
worth $2.2 billion to help Singaporeans and businesses cope
with the downturn. BG George Yeo made clear in his statement
in Parliament that this was only an interim package, as the
direction of the economy and the severity of the downturn
was still uncertain. The Government would monitor
developments closely, and stood ready to do more if
conditions worsened.
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Since
that interim package, conditions have indeed worsened. This
was happening even before the terrorist attacks of 11
September. But the 11 September attacks caused major shocks
to the US and economies around the world, both short- and
long-term. The situation is still fluid, and no one can be
certain how events will play out. The US is in all
probability already in recession. For Singapore in 2002,
MTI’s best guess at this moment of uncertainty is that
growth next year will fall somewhere between –2% and +2%.
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Over
the next 12 to 18 months, we can expect low growth, more
retrenchments and higher unemployment. Even as we cope with
the cyclical downturn, we will need to make structural
changes in our economy to adapt ourselves to the permanently
altered environment. Externally there will be further
disruptions, as the US and its coalition partners attack
terrorist organisations in Afghanistan, with a high
probability of the terrorists striking back. We must
therefore psychologically prepare ourselves for a protracted
period of difficulties.
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More.....
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NEW WEBSITES
globalestate.com
The complete global resource for real estate offering property and
apartment listings, property news and a comprehensive website
directory.
fibroindia.com
Fibro
Group Of Companies - They are the leading manufacturers of Textile
Paper Tubes in India. They manufacture DTY, CORE, POY tubes of
super high quality. They export to Singapore too.
consult-singapore.com
They are an event management and training consultancy delivering
knowledge-based products to senior level audiences in the region. knapsack.net
backpacking and adventure travelogues by Singapore writer. home.pacific.net.sg/~ripclaw/
A body-art (specifically tattoo) site in Singapore. Great
tattoo at reasonable prices. With photos of tattoo done. TryItAsia.com
Bangkok, Singapore and Hong Kong restaurant guide for all people
who like to eat out.
eLibraryHub.com
More than 24,000 titles from the National Library Board's (NLB)
collection of e-books, e-magazines, CD-Roms and videos are now
available online at this website launched on 7 Sep 2001. It will
offer the content direct to home and office computers with an
Internet connection. Membership in the eLibraryHub is free.
DaisyShop.com
- women's couture resale - Very gently worn, women's authentic couture clothing and accessories, Vintage
and current, Chanel, Louis Vuitton, Gucci, Hermes, Valentino.
Airfrance.com.sg
is the website of the Air France airlines in Singapore, offers on
line booking, international flights schedules, frequent flyer
services, baggage tracking, and more...
World66.com is the open-source
travel portal. Interactive guides to hundreds of destinations,
including Singapore.
Wlawan.com
Singapore Lawyers - William Lai & Alan Wong. The firm is
privileged to serve you and prestigious Banking & Financial
institutions both local and foreign.
Click New Websites for the rest of the
list. |
BANKmates: Get a Personal Assistant to do your errands in
Singapore.
We are now 3130 pages thick and growing.
Public
Holidays DEEPAVALI
is
the next public holiday. It falls on 14 Nov 2001.
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Blithe
Spirit (Noel Coward's) |
Presented
by Wild Rice. Directed by Glen GOEI |
A comedy
about love, marriage and living happily hereafter!
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Wild
Rice is a Singapore-based contemporary Asian
theatre company founded by award-winning
theatre practitioner Ivan HENG. |
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17 - 30
Oct 2001 Jubilee Hall, Raffles
Hotel 8.00pm
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17
Oct 2001 Preview 8pm
S$25 |
Sun
- Thu 8pm S$48, S$38 |
Fri
& Sat 8pm S$52, S$42 |
Matinees
3pm S$42, S$32 |
Tickets
available at all TicketCharge outlets. S$5 off
each ticket for students, NSF and senior
citizens above 60 years of age. Booking hotline:
(65) 296 2929. Booking online: Click HERE!. |
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Porgy
And Bess |
The New York
Production
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By George
Gershwin, Du Bose and Dorothy Heyward and Ira Gershwin |
28 - 30 Nov 2001
Kallang Theatre
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Tickets at S$40,
S$60, S$80, S$100, S$120 are available at all SISTIC
outlets. Hotline: (65) 348 5555 or click HERE! |
See Entertainment for more information on
local
happenings!
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The top ten fiction and
non-fiction titles sold at these bookstores last week
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