No more 2nd payment for Sinkies

[MarrickG]

They can lose billions and waste tax-payer's money by renovating an office that is not being used. But to the common people whom they're to serve, they're so stingy to provide.

Singapore says no need for more stimulus measures-paper

SINGAPORE - Singapore does not see a need to introduce further stimulus measures as its economy is stabilising, its trade minister was quoted on Thursday as saying.

"With the situation stabilising as we see it, (another stimulus) is not on the cards at the moment," Lim Hng Kiang was quoted by the Straits Times newspaper as telling reporters.

He said none of the major economies are contemplating a second stimulus package anytime soon.

Data this week showed Singapore's economy grew at an annualised and seasonally adjusted rate of 20.4 percent in the second quarter of 2009, ending a recession after four straight quarters of contraction.

The government on Tuesday revised up its 2009 forecast for the economy to shrink by 4 to 6 percent from a previous forecast for a contraction of up to 9 percent.

Economic data from around the world appear to show that the worst of the global downturn may be over, but questions remain over how long it will take economies to recover.

Earlier this year Singapore tapped government reserves for the first time ever to pay for part of a S$20.5 billion budget ($14.13 billion) stimulus package to grapple with its worst ever recession.

 

[2lanu]

That's the reason why many are ranting here. They have a law apart from the rest of peasant. And even with this screw up, many will still get the year end bonus :oIo:

 

[Char_Azn]

Well look on the bright side, at least in the first stimulus package, some of the money still came back into our pockets. U think after they throw so much money back at U they will throw some more meh? Wait long long :oIo: :oIo: