Serious Shit Useless SAF scholar General Lim Hng Kiang presiding over economic collapse

[Papsmearer]

Once again, yet another example that you cannot put in shit useless ex SAF scholar generals to run important ministries like MITI.

After 16 years of running a small machine parts business, Singaporean businessman Leong Chan Wee finally decided to close shop earlier this year.
Business has been bad for two years, with sales trickling to a standstill but Leong held on because he didn’t know what else to do.
“We bought parts from China and sold them to precision engineering companies in the region. It was good in the late 1990s but these days it is very hard to survive,” said the 61-year-old.
“Luckily my kids have grown up, or else I wouldn’t know how to cope.”
Signs of a weak economy have been present in Singapore for some time, from near empty malls during the weekdays to restaurants shuttering up and workers finding it hard to get their jobs of choice.

Employees at a printed circuit board assembly factory in Singapore. Signs of a weak economy have been present in Singapore for some time. Photo: Reuters
Data released by the government on Friday showed the extent of the slowdown – Singapore’s economy is heading for its poorest showing in four years.
Singapore’s Trade and Industry Ministry said on Friday the economy grew by just 0.6 per cent in the three months to September, compared with the same period last year.


But when compared to the previous quarter, the economy actually slipped 4.1 per cent, the sharpest fall since the third quarter of 2012.
Much of this bad news had already been forecast. Singapore’s Deputy Prime Minister Tharman Shanmugaratnam had earlier warned that economic growth was likely to hit the lower end of the 1 per cent and 2 per cent range.

Lim Hng Kiang, Singapore’s Trade and Industry Minister. Photo: AFP
Trade and Industry Minister Lim Hng Kiang also said in parliament on Monday that Singapore was unlikely to fall into an “outright recession, but we cannot rule out the possibility that the economy will experience some quarters of negative growth on a quarter-on-quarter basis”.
The latest data bears this out. Manufacturing dipped 1.1 per cent on a year-on-year basis, unsurprising given the weak global demand for products such as oil and electronics, key exports for Singapore.


The services sector, which forms more than two-thirds of the economy, contracted by 0.1 per cent, probably held up by domestic consumption and decent income growth.
And if things should slip further, there is the budget, due early next year. The Singapore government has made it plainly clear that it has both the resources and the will to step in to prevent a sharp recession.

Lawrence Wong, second left, Singpore’s Minister for National Development, is briefed on the development of Singapore's tallest building. Lifting property-cooling measures may be one way of staving off recession. Photo: AFP
If anything, lifting property-cooling measures or a cut in foreign worker levies, which have been rising over the past few years, will be enough to stave off the recession.
But the worry among economists is not a sharp downturn but a protracted grind to stagnation.
In the medium term, Singapore is facing weak global demand. Brexit fears are starting to bubble up again, uncertainty hangs over the US presidential elections and while China has stabilised, there is still no sign of a strong growth engine anywhere.
The central bank’s concern with growth prospects was also clear in its sombre outlook.

People cross a road in Singapore's Orchard Road shopping district. Photo: Reuters
“However, there is a continuing shift in the composition of demand towards less import-intensive consumption spending, and as a consequence, global trade in 2016 and 2017 is projected to grow more slowly than previously expected,” said the Monetary Authority of Singapore.
“Against this external backdrop, Singapore’s trade-related sectors will continue to pose a drag on GDP growth in the quarters ahead.”

 

[ckmpd]

The actual figures are worse than reported.

These are moderated figures.

But the pap cant bluff all the people all the time. The facts on the ground are people dont have money, shops dont have business, shops are closing. And it will get worse next year.

Let us see when pap will finally say that SG is in deep recession

 

[JohnTan]

There are huge crowds at the suburban malls and sinkies are still shelling out top dollar for the latest handphones, food fads, COEs, HDB resale, condos.

Where the fuck is this so-called recession? Life couldn't be better! We are living in the golden age of Singapore.

 

[ckmpd]

There are huge crowds at the suburban malls and sinkies are still shelling out top dollar for the latest handphones, food fads, COEs, HDB resale, condos.

Where the fuck is this so-called recession? Life couldn't be better! We are living in the golden age of Singapore.

Your govt does not agree with what you said

 

[lifeafter41]

There are huge crowds at the suburban malls and sinkies are still shelling out top dollar for the latest handphones, food fads, COEs, HDB resale, condos.

Where the fuck is this so-called recession? Life couldn't be better! We are living in the golden age of Singapore.

It's about time they lift the bloody property cooling measures.....am sure with that done, with the buying all pent up......am sure it will add a couple of percentage to SGP gdp..... Moving forward....

 

[Rogue Trader]

This square face was a president scholar. i think he never made it to general.. only reached LTC or something

 

[Charlie99]

This SAFOS may be one of several of the SAFOS who did not progressed to Colonel or higher.

 

[Rogue Trader]

This SAFOS may be one of several of the SAFOS who did not progressed to Colonel or higher.

One look at his loser face and you can tell this fella can't fuck (buay kan)

 

[Charlie99]

Scholars is one matter,
being a "garang" officer, or a fit officer who earned the respect of fellow officers and men is another.
With respect, there are more scholars than "garang scholar officers".
I rather be a garang officer than a scholar officer.
Those from my unit and the Changi Officers Mess refer to me as the "RSM officer", and they have the reasons for it.

 

[GoldenDragon]

This bugger is very close to Pinky. He is where he is coz of his close ties to Pinky.

LHK is smarter than some of his cabinet colleagues. He keeps a very low profile and has yet to cry publicly or act and speak like a clown. For that, credit must be given to him.

 

[Charlie99]

This bugger is very close to Pinky. He is where he is coz of his close ties to Pinky.

LHK is smarter than some of his cabinet colleagues. He keeps a very low profile and has yet to cry publicly or act and speak like a clown. For that, credit must be given to him.

I recall reading that LKY likes LHK.

 

[eatshitndie]

don't play play huh. he's in the most esteemed batch of president's scholars ok.



actually lhk is in the 1976 batch while gy and tch are in the 1973 batch together with lwl and others. the one on the left is a doppleganger of lhk.

 

[eatshitndie]

"you see me no up huh?"

 

[frenchbriefs]

Lets hope duetsch bank go under,another 2008 crisis will be good,this time it might sink the singapore titanic once and for all and ft go home.

 

[Papsmearer]

This bugger is very close to Pinky. He is where he is coz of his close ties to Pinky.

LHK is smarter than some of his cabinet colleagues. He keeps a very low profile and has yet to cry publicly or act and speak like a clown. For that, credit must be given to him.

So the economy crashed now under his watch, that credit go to him too?

 

[Papsmearer]

Last time the economy of singapore was guided by this chap:

And these are his qualifications:

n 1960, Dr Winsemius led the United Nations Expanded Programme for Technical Assistance (EPTA) team[SUP][4][/SUP] to examine Singapore’s potential in industrialization. At that time, Singapore had just attained self-government and was facing high unemployment and growing population. He presented a 10-year development plan to transform Singapore from an entrepot trade port into a centre of manufacturing and industrialization. His first emphasis was on creating jobs and attracting foreign investment. Labour-intensive industries, such as the production of shirts and pajamas, were expanded. He also encouraged the large-scale public housing programme, believing that it would bolster the country's image, thus attractive to investors. One of his earliest pieces of advice was not to remove the statue of Stamford Raffles as it was a symbol of public acceptance of the British heritage and could alleviate concerns that investors have toward a new socialist government. With his help, Singapore attracted big oil companies like Shell and Esso to establish refineries here.
During his term as Chief Economic Advisor from 1961 to 1984, Dr Winsemius worked closely with Lee Kuan Yew, Goh Keng Swee, Hon Sui Sen and later with Goh Chok Tong.[SUP][5][/SUP] He visited the country two or three times a year to review economic performance indicators and to discuss macro-economic strategy with government planners.[SUP][6][/SUP]
In the 1970s, Singapore was upgrading its industrial capacity to use higher technological methods, including electronics. He personally went to persuade large Dutch electronics companies like Philips to set up production plants in Singapore. He also proposed that Singapore could be developed as a financial centre, as well as an international centre for air traffic and sea transport. Over the next twenty years, these predictions proved to be accurate.
In 1983, Dr Winsemius retired as Singapore's economic advisor, at the age of 74. He was then quoted saying, "I leave with a saddened heart. It (Singapore) has become part of my life, more or less. It can do without me. It could do without me years ago. But it became part of my life. So I will shed a few tears, imaginary tears." Singapore was a country he regarded almost as home.

Now the economy is led by this clown:

And these are his qualifcations:


Lim began his career in the Singapore Armed Forces (SAF). He later served as a Deputy Secretary at the Ministry of National Development, and as the Chief Executive Officer (CEO) of the Housing and Development Board (HDB).
Political career

Lim was first elected to Parliament in 1991 as an MP for the Tanjong Pagar Group Representation Constituency. Since 1997, he has represented the West Coast Group Representation Constituency (West Coast GRC).
Lim was appointed a Minister of State at the Ministry of National Development in 1991. In 1994, he became the Acting Minister for National Development and Senior Minister of State at the Ministry of Foreign Affairs.
In 1995, Lim became the Minister for National Development and Second Minister for Foreign Affairs. In 1998, he relinquished the role of Second Minister for Foreign Affairs and became the Second Minister for Finance.
In 1999, Lim became the Minister for Health. He also retained the portfolio of Second Minister for Finance.
In 2003, Lim was made a Minister in the Prime Minister's Office. He retained the role of Second Minister for Finance.
Lim was made the Minister for Trade and Industry in 2004.
Lim is also the Deputy Chairman of the Monetary Authority of Singapore (MAS) and a Board Director of the Government of Singapore Investment Corporation (GIC).


2003 SARS epidemic

Lim was the Minister of Health during the SARS epidemic that swept through the region. Many Singaporeans felt his initial handling of the crisis, citing his lack of leadership and indecisiveness, helped prolong the epidemic that eventually drove the economy into a recession.

U see the difference between the 2 of them. One is hired by the UN and led their EPTA teams because he was recognized as an accomplished economist. The other is paper qualification scholar, who kissed enough lumpars that enabled him to rise to the top. We pay millions to put these sort of fucking clowns to look after the economy? Winsemius was paid nothing and he performed 100 times better then this shit useless clown.

 

[JohnTan]

Last time the economy of singapore was guided by this chap:

U see the difference between the 2 of them. One is hired by the UN and led their EPTA teams because he was recognized as an accomplished economist. The other is paper qualification scholar, who kissed enough lumpars that enabled him to rise to the top. We pay millions to put these sort of fucking clowns to look after the economy? Winsemius was paid nothing and he performed 100 times better then this shit useless clown.

The difference is that Singapore is chinese majority, secular, has a sizeable Christian population and left the British system largely intact. We were also fortunate to have the PAP Old Guard kind of leaders. Those qualities alone gives Singapore a huge edge.

The UN has a poor record of turning poor countries into rich ones despite meddling in practically all third world countries one way or another. There are equally qualified advisors advising Africans, Arabs, Indians, Malays and Paks. It's not as though we were given some economic wiz.

 

[WujiBo]

Wait long long to let military juntas to revitalize the Singapore economy.

You have better hope if you make it by yourselves in overseas.

 

[Papsmearer]

The difference is that Singapore is chinese majority, secular, has a sizeable Christian population and left the British system largely intact. We were also fortunate to have the PAP Old Guard kind of leaders. Those qualities alone gives Singapore a huge edge.

The UN has a poor record of turning poor countries into rich ones despite meddling in practically all third world countries one way or another. There are equally qualified advisors advising Africans, Arabs, Indians, Malays and Paks. It's not as though we were given some economic wiz.

The job of the UN is not to turn poor countries into rich countries. Only a country can do that. The UN provides aid when asked. In this case, a bunch of fairly new lawyers trained in the UK, and some economist with no real world experience recognized that they know shit about running a country and asked the UN for help. They send Winsemius. Where it worked for singapore was that those first gen leaders recognized their weakness, and step aside to let winsemius dictate the policy. They just implemented his instructions. And that is how it worked. Today, unqualified shits don't recognize they are unqualified but will take no advice, and hence is as fucked up as can be.

 

[borom]

What economic collapse?-ministers are still the highest paid in the world, millions of foreigners are still living it up in condos here (locals mostly in HDB) and having a good time with their families in restaurants (locals mostly eat at hawker centres) and shopping at 0rchard(locals at bazaars).
I hear the Pinoys still partying loudly till late every weekend and disturbing their neighbours.