Serious "We are not returning to a pre-Covid-19 World" - Minister Chan

[JohnTan]

SINGAPORE: “We are not returning to a pre-COVID-19 world … We must chart a new direction now,” said Trade and Industry Minister Chan Chun Sing on Tuesday (Aug 11), after Singapore announced what he described as its “worst quarterly performance on record”.

Data showed that the Singapore economy had contracted by 13.2 per cent on a year-on-year basis in the April to June quarter, worse than the 12.6 per cent decline seen in the Government’s advance estimate and a sharp deterioration from the 0.3 per cent contraction in the previous quarter.


“To put things in context, this is our worst quarterly performance on record. The forecast for 2020 essentially means the growth generated over the past two to three years will be negated.

“The numbers reflect the impact of COVID-19, as well as deeper forces reshaping the global economy and our position in the global value chains,” said Mr Chan in a press conference.

Bro Chun Sing is wise and resolute. My business model for food catering and F&B has also made changes for the post-covid world. We're stepping up advertising on social media and on takeaways.

 

[mojito]

It had to be said. Else oppies here expect PAP to time travel, perform miracles.

 

[shiokalingam]

Brother John, which World are we going into , if Not back to Pre Covid-19 ?

 

[shiokalingam]

We are not returning to the pre covid 19 World because we are bringing in even more foreigners to displace you. Learn to love it.

Rent-Seeking Economy , Workers' Levies Seeking Economy , Levies Seeking Business Models - all came to a Halt !!!

 

[syed putra]

What is a post covid world. Even he cannot define. I think in 6 months time, it will be back to normal.

 

[shiokalingam]

its a New World where people pay more and more for all types of goods and services.

 

[shiokalingam]

what's the new direction?

more people will work from home.
more people will shop from home.
more people will eat-in, food delivery.

....

 

[ToaPehGong]

Yes correct. It will never be the same. Pre COVID, WP only win one GRC and one SMC. Now got 2 GRCs and one SMC

 

[Annunaki]

KNN Only ministers pay still pre COVID 19 world and no change!

 

[shiokalingam]

 

[glockman]

I am on a diet. Water is sufficient for me.

Oh I see, I will pass you the water I used to wash my asshole.

 

[Damien-Mystic]

"What is the point" in him stating the obvious? Where is the value in his comments? How will his comments contribute to or guide us to improve our productivity in the coming years? Even without his comments, most people and businesses around us have already moved by themselves beyond the shock from Covid-19, and he's still up there talking about Covid-19 as of it's something to be worshipped and held in awe.

 

[CPTMiller]

SINGAPORE: “We are not returning to a pre-COVID-19 world … We must chart a new direction now,” said Trade and Industry Minister Chan Chun Sing on Tuesday (Aug 11), after Singapore announced what he described as its “worst quarterly performance on record”.

Data showed that the Singapore economy had contracted by 13.2 per cent on a year-on-year basis in the April to June quarter, worse than the 12.6 per cent decline seen in the Government’s advance estimate and a sharp deterioration from the 0.3 per cent contraction in the previous quarter.


“To put things in context, this is our worst quarterly performance on record. The forecast for 2020 essentially means the growth generated over the past two to three years will be negated.

“The numbers reflect the impact of COVID-19, as well as deeper forces reshaping the global economy and our position in the global value chains,” said Mr Chan in a press conference.

Talking again.
They should just come up solution and implementing it

 

[shiokalingam]

have a very strong feeling more bad news unfolding in the coming days ...stay tuned.

 

[nayr69sg]

Tear down some of the airport terminals. Air travel not coming back? Really? New world?

Dismantle SIA?

Repurpose hotels and integrated resorts into car factories?

Have some patience fake general.

 

[shiokalingam]

Tear down some of the airport terminals. Air travel not coming back? Really? New world?

Dismantle SIA?

Repurpose hotels and integrated resorts into car factories?

Have some patience fake general.

correct , Air Travel and inbound travellers will be drastically reduced.
Hotels occupancy will be hit.

 

[nayr69sg]

correct , Air Travel and inbound travellers will be drastically reduced.
Hotels occupancy will be hit.

Not will be.

Has already been drastically reduced.

But this is current covid situation.

Eventually there will come a time where there is enough herd immunity and no more worry about covid.

And the world will go back to pre-covid 19 days. it is a matter of time.

This is where you see the value of being a big ship eg oil tanker or aircraft carrier. Weather the long storm.

Meanwhile the proud arrogant hip state of the art techno savvy small yacht that says it can maneuver itself in the open sea is finding it hard because this is a LONG AND BIG STORM.

good luck trying to maneuver this one. You just have to sit out the storm. Hope you survive Yacht.

 

[ilovechinesegal]

Just ask him to open gl and the rest remain unchanged for the time being! Fucking bodoh! Earn millions and secretly go fk high class social escorts!

 

[shiokalingam]

Yacht. will survive.

 

[nayr69sg]

Yacht. will survive.

Will survive. But let's see the state of the boat when the storm is over.

This storm is pretty rough on this Yacht.