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Serious Singapore Is Confirmed in Trouble

The_Hypocrite

Alfrescian (Inf)
Asset
Dying is not his main concern. He is worried abt having to borrow money to pay for his ward charges, medicine and treatment fees.

It is so sad that aged singaporeans are more worried that they cant pay medical fees than worried abt death.

Hey...who did he vote for?
 

johnny333

Alfrescian (Inf)
Asset
No secret that Spore is in economic problems.
PAP must have known this & that is why they held early elections. Now that they have won the GE do they have any plans to actually help the "lesser mortals" or will it be business as usual:confused:



http://www.bloomberg.com/news/artic...iply-as-singapore-no-longer-shoppers-paradise

Empty Stores Multiply as Singapore No Longer Shoppers’ Paradise



Empty storefronts in Singapore’s prime shopping district may become a more common sight.

Vacancies in the city’s main Orchard Road area, a magnet for tourists lured by malls and Japanese department stores such as Takashimaya, have risen to a five-year high and across the island, they’ve soared to the highest since 2009. As economies around the region struggle with sluggish growth and consumers rein in spending, property brokers are expecting more retailers to scale back and close shop. And while rents have slumped from a peak in 2014, they haven’t fallen nearly enough to convince some brands to stay.

Here’s five reasons why Singapore can’t expect its status as a shoppers’ paradise to be restored anytime soon:
Tech Savvy

Singaporeans are among the most tech-savvy shoppers in Asia, with a greater percentage turning to online shopping than consumers in Hong Kong and Malaysia.

“Retail is changing because of e-commerce and malls will need to re-position themselves to cater for the future,” said John Lim, chief executive officer at ARA Asset Management, which owns malls in Singapore, Hong Kong and Malaysia. Malls will need to remodel to focus more on food-and-beverage outlets, entertainment, services and banking, and less on fashion and consumer products, he said.
Closing Stores

Some of the biggest retailers are fleeing. Al-Futtaim Group, the distributor in the city-state of major brands including Marks & Spencer and Zara, plans to shutter at least 10 stores in Singapore this year even as the conglomerate expands its footprint in cheaper Asian markets like Malaysia and Indonesia. British brand New Look and French menswear chain Celio plan to close shops in the second half of the year, with more tenants expected to follow suit, according to property broker Cushman & Wakefield Inc.

“After careful review, we’ve decided that Singapore does not have the same potential to be one of our key markets,” New Look said in an e-mailed response to queries from Bloomberg News. The company’s last store in the city-state will close on June 30, it said. Representatives for Al-Futtaim and Celio didn’t respond to requests seeking comment.
Chinese Pullback

Like Hong Kong, Singapore is reeling from the impact of China’s slowing economy and fewer flashy purchases by visitors from the mainland. Tourists are just not spending as much as they used to.

“Chinese tourists coming to Singapore are looking for experiences rather than goods,” Christine Li, director of research at Cushman & Wakefield in Singapore, said. “In today’s globalized world, where one can almost find the same brand everywhere, differentiation becomes the key ingredient for a successful retail scene, but regrettably, it is lacking in Singapore.”
Economic Headwinds

Domestic shoppers continue to pull back. Singapore’s consumer prices fell for a 17th consecutive month in March, the longest period of decline on record, reflecting the impact of lower oil costs and a weakening economy. If the economic headwinds persist and consumers cut back their discretionary spending amid heightened risks of pay cuts and job losses, prime shopping mall rents could drop as much as 5 percent this year, according to Colliers International.
Supply Rising

Rising supply of malls will add pressure to rents and raise vacancy levels. Singapore will add almost 4 million square feet of retail space over the next three years, according to data from Cushman & Wakefield.
Before it's here, it's on the Bloomberg Terminal.
 

Agoraphobic

Alfrescian
Loyal
Actually, many people said Sg was in trouble when got kicked out from Malaysia, and became independent. Sg has been since walking on a thin line. 'Cept that the ST keeps reminding the people about the great leadership and the success Sg has been in since! I wonder how long this charade is going to last!!! Fact is Sg is small, and has no natural resources. And has been living on foreign investments all this time. The regional countries have shed their past political and social problems and are all looking to a bright future - at Sg's cost. Sg had better find a way to ride on the region's progress. And keep on friendly terms with all her neighbours. She had a good and early headstart over her neighbours, and that time has come to its end already.

Cheers!

SG is confirmed in trouble when:

1. Businesses, in order to survive, have to rely on interns and cheap retired workers because of high rentals and high govt levies
2. Productivity and innovation are thrown into the wind because the govt opts for cheap, unskilled, unqualified foreigners
3. Govt competes unfairly with private enterprises for businesses
4. PAP favours foreigners and discriminates against true Singaporeans.
5. PAP lost the trust of Singaporeans and knows that in order to continue its rule, it has to bring in foreigners to vote for the pap.
6. Govt hospital tries to con a 70year old, terminally sick Singaporean to be warded in B2 class when he could barely afford C class
7. A court favours a pap connected newspaper editor by sentencing her to a 1-day jail when she killed a motorcyclist by driving and using her handphone
8. A court judge said "inside a voting centre is not within 200m of the centre"
9. When the PM's sister called him a "dishonourable son" who is out to create dynastic rule and he dared not sue
10. PAP thinks it is ok for foreigners to lie and fake their qualifications when applying for SG jobs

etc
 

ckmpd

Alfrescian
Loyal
Actually, many people said Sg was in trouble when got kicked out from Malaysia, and became independent. Sg has been since walking on a thin line. 'Cept that the ST keeps reminding the people about the great leadership and the success Sg has been in since! I wonder how long this charade is going to last!!! Fact is Sg is small, and has no natural resources. And has been living on foreign investments all this time. The regional countries have shed their past political and social problems and are all looking to a bright future - at Sg's cost. Sg had better find a way to ride on the region's progress. And keep on friendly terms with all her neighbours. She had a good and early headstart over her neighbours, and that time has come to its end already.

Cheers!

LKY was determined to prove them wrong . And he did it well with his leadership style and intellect. We went downhill when he stepped down and there is no leadership in the pap after LKY
 

mojito

Alfrescian
Loyal
Actually, many people said Sg was in trouble when got kicked out from Malaysia, and became independent. Sg has been since walking on a thin line. 'Cept that the ST keeps reminding the people about the great leadership and the success Sg has been in since! I wonder how long this charade is going to last!!! Fact is Sg is small, and has no natural resources. And has been living on foreign investments all this time. The regional countries have shed their past political and social problems and are all looking to a bright future - at Sg's cost. Sg had better find a way to ride on the region's progress. And keep on friendly terms with all her neighbours. She had a good and early headstart over her neighbours, and that time has come to its end already.

Cheers!

Don't worry. In PAP we trust. Confidence for the future. There is no need to worry unless the public sector starts shedding jobs. Right now there is simply more than enough taxes to go around for everyone to feed.
 

johnny333

Alfrescian (Inf)
Asset
LKY was determined to prove them wrong . And he did it well with his leadership style and intellect. We went downhill when he stepped down and there is no leadership in the pap after LKY

Actually LKY is responsible for the problems Spore faces today. He locked up, sued & intimidated all alternative voices.

So we are stuck with a weak & incompetent leader like LHL who surrounds himself with yes men & women. I don't see much prospect in Spore, we've had the times & now it's all downhill.
 

johnny333

Alfrescian (Inf)
Asset
Wow, an 85% drop in profits.
If this is the new norm, businesses in Spore are doomed.

What is Winston Choo doing in Metro, I thought he was in the Spore Red Cross :confused:


http://www.channelnewsasia.com/news...imilar&cid=tg:recos:similar:standard#cxrecs_s

Metro Q4 net profit plummets nearly 85% to S$1.1m

Net profit for the quarter was S$1.1 million, an 84.9 per cent decline from S$7.6 million during the same period a year ago.

Posted 26 May 2016 08:28 Updated 26 May 2016 08:37

SINGAPORE: Property and retail group Metro on Thursday (May 26) posted a nearly 85 per cent plunge in its fourth-quarter net profit, hurt by a decline in revenue and currency fluctuations.

Net profit for the quarter was S$1.1 million, an 84.9 per cent decline from S$7.6 million during the same period a year ago.

Revenue fell 21.9 per cent to S$32.6 million, compared with S$41.7 million a year ago. Other income, including interest income, was down 71.9 per cent to S$2.7 million, mainly due to currency fluctuations.

Full-year net profit was S$113.3 million, 20.4 per cent lower compared with S$142.4 million the previous year.

Metro said retail sales was hit by a softer market and the closure of outlets in Sengkang and City Square. Sales at its Centrepoint outlet have also been affected by the mall’s makeover since May 2015.

The outlook for retail remains challenging, especially with the competitiveness of the industry, discounted trading environment and high operating costs in Singapore, the company added.

“We have ‘right-sized’ our retail stores in Singapore. We continue to focus on providing shoppers with a refreshed experience through a wide and good variety of quality merchandise and by offering innovative and new marketing platforms,” Metro chairman Lt Gen (Rtd) Winston Choo said.

The company declared a final dividend of S$0.02 and a special dividend of S$0.05 per share
 

mojito

Alfrescian
Loyal
Important thing is make money lah johnny. More or less profit is just economic cycle. Can't help it.
 

greedy and cunning

Alfrescian
Loyal
LKY was determined to prove them wrong . And he did it well with his leadership style and intellect. We went downhill when he stepped down and there is no leadership in the pap after LKY

dead creature had it easy.
it became PM at the right time
it was always easier to build up from ground zero
besides the dead creature was advised by a dutch expert.
look at vietnam , china , and any other country that climb on the industrialisation ladder
the first rung is always the garment sector which provides mass employment to those
with little education and the skill set is easy to learn.
the so called success has nothing to do with dead creature intellect or whatever
 

virus

Alfrescian
Loyal
Actually LKY is responsible for the problems Spore faces today. He locked up, sued & intimidated all alternative voices.

So we are stuck with a weak & incompetent leader like LHL who surrounds himself with yes men & women. I don't see much prospect in Spore, we've had the times & now it's all downhill.

no amount of LKY gel can prevent this

528979425.jpg
 

Bigfuck

Alfrescian (Inf)
Asset
LKY was determined to prove them wrong . And he did it well with his leadership style and intellect. We went downhill when he stepped down and there is no leadership in the pap after LKY
North Korea method of running a place while being on the US side of the Cold War allowed for stocking up the cookie jars. We used to help play both sides during the wars. But now the Cold War is over, there is not enough money from playing another country's dog.
 

johnny333

Alfrescian (Inf)
Asset
no amount of LKY gel can prevent this

528979425.jpg


I was reading about how some Spore girls think that angmos are more handsome. Just another example of social engineering by the media.

Same problem with the PAP supporters who still think LKY is/was the greatest leader Spore ever had. Ignoring the fact that he imprisoned his competition.
Many still don't realise that LKY was just looking after his famiLee business. Just look around today & you will see how some families own & control vast amounts of properties in Spore. While "lesser mortals" are driving taxi drivers, are security guards, table cleaners, ...
 

shittypore

Alfrescian
Loyal
I was reading about how some Spore girls think that angmos are more handsome. Just another example of social engineering by the media.

Same problem with the PAP supporters who still think LKY is/was the greatest leader Spore ever had. Ignoring the fact that he imprisoned his competition.
Many still don't realise that LKY was just looking after his famiLee business. Just look around today & you will see how some families own & control vast amounts of properties in Spore. While "lesser mortals" are driving taxi drivers, are security guards, table cleaners, ...

Under his Duckie Son is no diff, they lock up ur CPF, increase the withdrawal age, make u pay high prices for pigeon hole over ur heads, jail u for speaking up, Import more FT to take ur jobs, import more Ah Nehs and PRC for middle/lower management workers to lower the salaries, pay emself millions, leegalise leegal corruptions for emself and their cronies., the list goes on and on, yet stoopid Sinkies still bend down to allow their arse to be fuck by PAP.
 

ginfreely

Alfrescian
Loyal
Sinkieland is in trouble not because of PAP. She is in trouble because of her majority daft & humji sinkies.

PAP is not your enemy. Daft & humji sinkies are! Know them well.

And you are one of them. Either that or a mudlander dog disguising as sinkie.
 

mojito

Alfrescian
Loyal
dead creature had it easy.
it became PM at the right time
it was always easier to build up from ground zero
besides the dead creature was advised by a dutch expert.
look at vietnam , china , and any other country that climb on the industrialisation ladder
the first rung is always the garment sector which provides mass employment to those
with little education and the skill set is easy to learn.
the so called success has nothing to do with dead creature intellect or whatever

Excellent reply. It was easier for LKY then than it is for the PAP now. We were lucky he wasn't a Marcos. And he was lucky Singapore was a tiny place compared to the Flippins. So to see young people today worse off than their parents, it is truly neglect and incompetence.
 

kryonlight

Alfrescian (Inf)
Asset
LKY was determined to prove them wrong . And he did it well with his leadership style and intellect. We went downhill when he stepped down and there is no leadership in the pap after LKY

LOL! For all your PAP bashing antics, you are actually a LKY cocksucker! If you can swallow LKY's cum, I am sure LHL's shouldn't be too big a problem for you.
 
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