Author Topic: Matters : Singapore, Heartland, Close to heart - Close to us  (Read 5380 times)

Offline zuoom

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Singapore's New Look
Thursday, May. 24, 2007 By KATHLEEN KINGSBURY



Banker Pinchin Kwok says she came back to Singapore for "the good life"

Quote

There was something a bit unusual about Lee Kuan Yew's annual Chinese New Year speech this year. The words of Lee, Singapore's former Prime Minister and founding father, are heeded by the public, because they provide a road map for the city-state's economic development. Hewing to custom, Lee spoke dryly of free-trade agreements and strengthening economic ties with the region. But then he started talking about art exhibitions, jazz bands, museums and alfresco dining. In fact, eating outdoors was mentioned no fewer than three times as Lee laid out the government's vision for a multibillion-dollar residential and commercial real estate project located near the downtown core. The Marina Bay development would transform the way people live and work in Singapore, the Minister Mentor said. Electric golf buggies will whiz by diners as they gaze from the water's edge upon the "sailing, boating, windsurfing and fishing." Singapore aspires to be "a tropical version" of New York, Paris and London all in one, Lee said, adding "the Marina will be like the St. Mark's Piazza in Venice."

Say what? It was hard to tell if the architect of Singapore's rise from third world to first was charting an economic course or making a sales pitch for a master-planned leisure community—because he was, in a way, doing both. Marina Bay is just one part of a government-orchestrated effort to change the face of Singapore. This is no Botox job. Work is underway on an epic facelift, one that could within a few years render Singapore nearly unrecognizable: the financial district will have a striking new skyline while casinos and other amusements will dot the city. Even sleepy Sentosa Island, a 500-hectare tourist hangout located 15 minutes from the city center, is slated for overhaul via a 10-year, $5 billion plan to turn it into a world-class playground for the wealthy, with multimillion-dollar seafront homes, a megayacht marina and a Universal Studios theme park. The point of this real estate renaissance: change Singapore's image as a prosperous but rather dull commercial hub into that of a vibrant, fun destination—a place people will want to live in or at least visit on holiday, not merely transit on their way to more exotic Southeast Asian locales such as Bangkok and Bali. "Our entire nation is focused on a self-transformation," says Lim Neo Chian, CEO of the Singapore Tourism Board. "Singapore is changing its image in the eyes of the world."

Change it must. Faced with challenging long-term economic prospects and a flagging birth rate, Singapore's leaders have determined that the future of its 4.4 million citizens depends upon attracting multinational corporations along with hundreds of thousands of ambitious, educated (and preferably wealthy) foreigners to work and live there. Like other Asian tigers such as Taiwan, Singapore is losing high-tech manufacturing jobs—once crucial to economic growth—to lower-cost countries such as China. Manufacturing now provides work for just 20% of the island's 2.5 million workforce, down from 33% a decade ago, a decline reflected in people's paychecks. The poorest 30% of Singaporeans have seen their wages drop consistently for the past five years, according to United Nations data. This economic predicament is complicated by flagging demographics. Younger Singaporeans—the most productive workers—are increasingly seeking employment overseas, while the ones who remain are having fewer children. At the current birth rate, the population will begin to shrink in 2020. And that portends stagnating economic growth and a declining standard of living.

The antidote: open the gates to immigration. The city aims to boost its population by 25% to 6.5 million over the next few decades. Due to the flagging birth rate, that goal can be reached only by admitting up to 1 million foreigners, more than doubling the current expat population of 875,400. Drawing in so many worker bees will require a lot of honey, in the form of good jobs, recreational opportunities, decent housing—the myriad elements that factor into a city's lifestyle. It will also require a certain amount of buzz—and Singapore is not currently thought of as an exciting city. Not that it isn't a model in many ways. It's admired for its efficient government, first-world infrastructure, solid educational system—a real plus if it is to attract high-income talent from overseas—and clean, crime-free streets. Singapore is regularly named in regional surveys as one of the best places in Asia for expats to live. Per capita income last year was $30,900, equal to that of Japan, and the economy is popping; GDP grew 7.9% last year.

But detractors have long complained about Singapore's paternalistic politics and its straitlaced social environment that can be as stuffy as its equatorial climate. "I tell people Singapore is the Lexus of countries," says David Martin, a U.K. citizen who moved to Singapore three years ago and now is general manager of the Marina Bay Financial Centre, a $2 billion office-and-residential project that is under construction in downtown Singapore. "Lexus could be the most well-made car out there, but it will never be as attractive as a Mercedes or BMW." This ambivalence is perhaps heightened by Singapore's unprepossessing cityscape. Many great metropolises have icons and landmarks like Big Ben or the Chrysler Building. The only physical attributes associated with Singapore are its statues of "merlions," a chimera with a lion's head and fish's body that was invented by the tourism board for a 1964 marketing campaign.

....................................


read more via the Time website. (there's 4 more pages to read)
http://www.time.com/time/magazine/article/0,9171,1624897,00.html

related: Singapore: Morphing Metropolis
http://www.time.com/time/magazine/article/0,9171,1624899,00.html


http://www.time.com/time

Offline zuoom

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[Discussion] Singapore matters
« Reply #1 on: July 10, 2007, 04:02:33 AM »
By Jason Lim
Quote

The principles of the government in Singapore lies in the notion that everything must be the best and therefore, there will never be anything but the best.

This notion is highly demonstrated in all areas of governance found in the various government agencies and statutory boards in Singapore.

The question here is, who decides what and what is the best?

Singapore has come a long way since its independence in 1965. With no natural resources and a largely illiterate population then, Singapore has evolved into a country that boasts one of the highest literacy rate per capita and one of the richest country around the region in terms of financial reserves.



Present system needs to change

Well, all this can be attributed to Mr Lee Kuan Yew, who conscientiously and diligently drove the nation forward with his policies and apt visionary skills.

Now, this was a long time time ago when the people of Singapore looked upon the leaders and powers that be, to lead them and in a perverse way, to control them. This has worked then but, it seems to be losing its effectiveness.

The Singapore today is not the Singapore then. The development of the country has also consequently led to the evolution of the demographical and psychological structure.

In the increasingly competitive global climate, the notion of survival are of utmost importance to the citizenry at large. Consumption issues also raise the degree of thought given to this. The mentality of the people in Singapore has evolved and the citizenry now wants to further participate in the promulgation of policies that affects the way they live - and even die.

The system that brought Singapore to where it is today has to change. Adapting to changes both domestically and globally will serve to benefit the continued growth of the country. This growth will then inevitably be sustainable.

Old ways losing its effectiveness

What the present government is doing now is to employ the very same method that was used about 40 years ago: top-down, autocratic policy-making process that are based on a “WE know what is good for you” manner.

That stance have proved to be indeed successful in the past. However, with prosperity comes affluence. With that, literacy and education, culminating in the development of new ways of thoughts and perceptions.

The people can differentiate what is good and what is bad. Of course, the leaders in Government may have better ways and methods of furthering the good of Singapore but all the people want is to be heard. To be included in the process, so to speak.

Issues of contention

Unpopular policies such as tax increases and such will always be criticised, no matter how noble or necessary it may be. The point of contention in the increase of the GST (Goods and Services Tax), from 5% to 7% was that the increase was necessary for the good of the nation. With the increase, the Government has also pledged to do more for the poor and needy.

How much more, remains to be seen. For the record, there are no social welfare programs like those found in truly developed First World Countries. Hell, even China gives more to the poor in terms of aid and assistance to the needy, albeit dubiously claimed.

Anyway the Singapore government does dish out some dough to the really and desperately poor an amount of approximately SGD$290 per month presently. In your opinion, do you sincerely think that this enough? Especially when you include rental, utilities and food/medicine in the equation?

By the way, Singapore ranks highly for being one of the places that has a high cost of living. Essentials aren’t really that cheap here.

A dependency mindset?

Debates on the increase of the amount to be given to the poor were held in Parliament. Several members in the Parliament vehemently opposed the proposal, insisting that doing so may increase the dependency of the poor on the Government to “feed” them.

I’ll agree that in some way, dependency will indeed be detrimental to the country. However, it is not easy to be placed under this “sacred” welfare scheme of the Singapore Government.

In a population of 4.5 million or so, there are only less than 2000 recipients for this assistance program. Wow, you may say. So little? Everybody else is comfortable then? Not so! Many have slipped through the cracks and are now either buried six feet down or stored in an urn somewhere; desperation sent them to their deaths.

Jumping off MRT stations onto the tracks to face an oncoming train were pretty popular just a few months back.

The increase of $30 in the public assistance scheme was vehemently opposed by some in Parliament who wanted more. But the government stuck to the $30. This was in fact a prelude to something sinister and totally inhumane.

A burning issue


Now, a big surprise to all echelons of Singapore society: a 50% increase in salary for Ministers. Even before this increase, they were already drawing an obscene amount as compared to the great nations’ government ministers and even Presidents.

Mind you, the amount that we are talking about is in the realms of at least a few hundred thousand dollars per person per annum. To think that they were fighting over an increase of a paltry $30 for the poor just a few days earlier, this is really an insult to the people who voted them in.


This announcement drew an unprecedented backlash from the general public, who were largely dormant on matters pertaining to politics. The first warning has come from the people!

Do not take Singaporeans for granted

In spite of the opposing tone as displayed in this article of the Singapore Government at present, I still think that in some areas, they have done well and the people of Singapore appreciates that in a way.

My point is this, do not take the people of Singapore for granted. We are nobody’s fool. All we want is to be heard and have a hand in creating our destiny. Hear us, and we’ll reciprocate.

This is our country and home too.


About the author:
Jason describes himself as “just an ordinary fellow who went through extreme ups and downs at a young age. Someone who is empathetic because I can relate.”

He also has a blog here: Just A Singaporean’s Thoughts


linked from : theonlinecitizen.com

read from : CAL Hwz
*credit : The_Republic

Offline zuoom

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[Discussion] Singapore matters
« Reply #2 on: October 31, 2007, 08:42:01 AM »
SG - 'a developed country growing at developing country rates'?

Prime Minister Lee Hsien Loong credited a strong labour movement for the country's skilled, adaptable and reliable workforce.

He forecast that the economy will grow by about 8% for the whole of 2007.

But Singapore wouldn't be, as The Economist magazine describes it, 'a developed country growing at developing country rates', if it weren't for a strong labour movement:

"Every time we have a major policy package, an enormous amount of quiet ground work has gone in beforehand. So by the time Tharman made the budget speech and I made the National Day Rally speech, there're no surprises. And after the speeches were made we could count on the support of union leaders to get the message out to workers. The latest changes to the CPF scheme are major ones and I think from the reactions so far, the message is getting through."

But he urged the labour movement to find ways to stay relevant to keep Singapore a step ahead of others.

Speaking at the opening of the NTUC National Delegates' Conference, PM Lee also dropped hints on major policy changes.

He said details of schemes to keep roads free flowing could be out as early as next year as part of the comprehensive Land Transport Review.

"I think we need to improve the public transport system and we have some ideas what can be done. But at the same time we need to keep the roads free flowing. And there're no easy ways to improve the road traffic it means painful measures like the ERP and COE and we've to do more with them. We're working out schemes and I think they'll be ready to be worked out and start to be implemented early next year in January."

read via : edmw
*dreamer75

radish:
Quote
sg is not a true developed country
our economy is tied to global market
in a way we are a true global economy

economical are we growing? yes and no
yes bec obviously at the moment we are not contracting
but no bec we are globalized we are dependent on the trade winds
if wind dies we die along immediately
true growth must be sustainable

Offline zuoom

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Re: [Discussion] Singapore matters
« Reply #3 on: October 31, 2007, 08:44:02 AM »
Singapore must adapt to change to stay ahead: PM Lee
By S Ramesh, Channel NewsAsia | Posted: 29 October 2007 1142 hrs


SINGAPORE : Prime Minister Lee Hsien Loong has emphasised that Singapore must keep on adjusting and adapting to change to stay ahead.

This way, the country will remain competitive, and create jobs with good pay.

Addressing a thousand unionists and delegates from the tripartite partnership at the NTUC Delegates conference on Monday, Mr Lee explained that there will be more major policies and initiatives necessary from time to time.

These include a Land Transport Review so that everyone will benefit from improvements to the public transport system.

And the Health Ministry too is working systematically to ensure good and affordable healthcare.

Mr Lee said to achieve this many initiatives are being rolled out.

One such initiative is means testing.

Mr Lee stressed that the Ministry is studying the idea carefully so that it can be implemented fairly and simply, without making hospital care unaffordable for the middle-income group.

And it will consult the unions when it has firmer ideas of what to do.

Prime Minister Lee kicked off his address by stating that the Singapore economy is doing very well.

Growth in the first half of this year was 7.6 per cent.

For the whole year, Mr Lee believes Singapore can achieve the higher end of the 7 to 8 percent forecast.

However there is a need to continue to watch for signs of trouble and one concern is the turbulence in the world financial markets.

Mr Lee said another issue is the property market in Singapore.

There is an acute shortage of prime office space because of strong growth and the government is taking steps to increase supply.

It will also inject more office space into the market over the next two to three years.

The government is also watching the residential property market and is committed to keep housing affordable for Singaporeans.

Mr Lee says the government will continue to monitor trends closely and take further action if necessary.

The aim's to make sure that the property market stays in balance over the long term.

Turning to the labour movement, Mr Lee says Singapore has a winning formula - tripartism.

He urged the movement to build on this formula, broaden its reach and deepen trust.

The result will be a better life and a better future for all Singaporeans. - CNA/ch

via : edmw
*whywhy68

Quote
Quote:
Originally Posted by watergt
Growth in the first half of this year was 7.6 per cent.

Does that mean our pay going to increase by the same percentage or CPF contribution will go back to where its supposed to be?

The only thing that really affects the average citizen is nothing more than fare hikes, utility hikes, inflation........ Few have seen any pay increase that reflect the growth....


The ministers all have experience GDP related growth! Big Pay rise, big bonus! They did say if GDP reach certain target, their Bonus can go up to 7 months!! You commoners must have experience the same benefit too! You must be wrong. If the ministers are experiencing such good pay rise and such, it surely must mean the average commoners have the same benefits.

MOVING TOGETHER, remember that?


PAP is the best! Singapore is clean and not corrupted!!

Some countries have ministers who got very rich by corruption illegally! They ignore the voice of the people, making their people suffer more and more

Singapore's Ministers, everyone of them, got very rich Legally and cleanly! They take care of the people and listen to people's opinions and voices, implementing sound and good policies! Praise the PAP, they are ranked one of the most uncorrupted Gov in the world.

If we have corrupted corrupted Rich ministers, we will all suffer, We would have suffer more and more, slowly day by day, because they are disconnected from the commoners sufferings, thinking of only themselves. Luckily for the PAP, we have a good and uncorrupted gov. Praise the PAP!

and the all common quote below :
"more good years ahead."

Offline zuoom

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Matters on Singapore
« Reply #4 on: April 21, 2008, 02:33:48 AM »
Quote
No political films please, we're Singaporeans

Blog of artist formerly known as "Singaporean filmmaker under police investigation"
Quote
Speakers Cornered
http://www.youtube.com/watch?v=aY1ilenkPaM
http://singaporerebel.blogspot.com/

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Re: Matters on Singapore
« Reply #5 on: April 21, 2008, 02:34:43 AM »

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Offline zuoom

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Re: Matters on Singapore
« Reply #7 on: April 21, 2008, 02:36:50 AM »
Quote
No political films please, we're Singaporeans

Blog of artist formerly known as "Singaporean filmmaker under police investigation"
Quote
Speakers Cornered
http://www.youtube.com/watch?v=aY1ilenkPaM
http://singaporerebel.blogspot.com/

follow up on
http://groups.yahoo.com/group/Sg_Review/message/4555
Quote
"Submit your boldest work to the censors." - Martyn See

Posted by theonlinecitizen on April 18, 2008

TOC speaks to filmmaker Martyn See about the Media Development Authority (MDA) granting a NC16 rating for his film "Speakers Cornered".

Martyn gives his views in this email interview with theonlinecitizen (TOC).

Offline zuoom

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Re: Matters on Singapore
« Reply #8 on: April 21, 2008, 02:38:47 AM »

http://www.littlespeck.com/

http://www.littlespeck.com/media/2006/Media-080419.htm

Quote
New media
PAP’s losing war
Internet and control can’t co-exist, which explains why the sophisticated ruling party is conceding the high ground in the blogosphere. By Seah Chiang Nee.
Apr 19, 2008

INTERNET-SAVVY Singaporeans, who make up the growing force of voters, are waiting to see how their government will respond to the web’s newly revealed power as a political tool.

A mood of anticipation has settled in among the people, who have watched with amazement the sweeping impact of the worldwide web in shaping public opinion in Malaysia.

For the Singapore government, which relies on newspapers and television to do the job, it is bad news.

So the question here is: To what extent will the erosion of government control on information and its grip on power quicken the process of loosening up?

How will the young leaders of the People’s Action Party (PAP) adapt to the new challenge?

Prime Minister Lee Hsien Loong hinted last week that laws would be relaxed to cope with the “rapidly changing” new media, but only carefully, an obviously cautious response.

“We will study if we should relax parts of the regulations but we will look at this issue very carefully, to prevent any adverse effect,” he said.

This had raised a few initial cheers until people started reading his cautionary remarks that followed.

His ‘loosening up’ interview with a newspaper was punctuated by concern that freely-run blogs during elections – the type that Malaysians were allowed to do – could lead to corruption.

He offered no details. Some observers believe he was referring to the possibility that bloggers might be financed or bribed by interested parties.

For me, it simply means that a Malaysia-style digital coup is out – period.

But the saga in Kuala Lumpur – and Singaporeans’ growing resort to the Internet for information – is far from lost. Instead it has raised a wider picture beyond just changing laws.

It calls into question the whole top-down way the country is being governed at a time when a new generation of educated, demanding voters is taking over.

Actually the PAP had embraced the Internet earlier than most others when it built a fast-speed cable network to promote commerce and acquire skills.

But in politics, it is a different matter. The party, despite its sophistication, is years behind others in using it to pursue its political goals.

From the top down – PAP ministers to Members of Parliament to grassroots workers – the party is ill prepared to use the Internet to gain public support.

“This is surprising given its sophistication and vast resources,” said a media consultant. The problem, he added, lies in control, not lack of know-how.

A recent example of web reticence: A web-blog (http://www.p65.sg/) run by young PAP Parliamentarians to connect with Singaporeans has fallen into neglect.

Twelve MPS who were born after independence launched it 18 months ago declaring this “it’s where we talk” objective – but they haven’t been talking much.

It wasn’t regularly updated, said a news report, and it is languishing, with 80% of Singaporeans saying they didn’t even know of its existence.

I read several pages and found them too boring and cautious, apparently phrased to support policies rather than give frank, independent views on problems facing Singapore.

“These are capable people, so why is their writing so mundane? The answer is probably fear of speaking out of line,” said an online writer.

No PAP leader runs his or her own website, although Foreign Minister George Yeo blogs regularly – through a friend’s site.

Surprisingly the opposition, which has the most to gain from it, is faring even worse. Apart from the official sites, few leaders operate personal blogs.

The main opposition Workers Party is so fearful of defamation suits that it has forbidden its younger ‘gung-ho’ committee members from taking part in chat-sites under their names.

The immediate future is a little hazy, but the longer-term trend is clear.

The Internet is exerting more influence on the way Singaporeans live and think with each passing year.

In next five to 10 years, no politician in Singapore can afford not to use the web to reach out to voters. Tightening laws can only hinder but not stop it.

Some eight years ago as I was entering my sunset years, I launched my own information site after realising that I could sit in my room on this tiny island and post messages that could be read anywhere in the world - 24 hours a day.

Because such a miracle was possible, I told myself I had do it before I left this world.

This is how many bloggers feel about their work, which is offering a wide range of diverse, alternative views and ideas that will drive the world – and Singapore – on.

Three years ago when political blogs began to spread their wings, I posted an article in my website asking Minister Mentor Lee Kuan Yew: “Why not start a blog?”

With his wisdom and sharp mind, I said, he should have his personal website so that he could pass his experience to young people through a medium they were getting accustomed to.

“The reason is compelling. More youths have stopped reading newspapers, preferring the Internet and this is not a passing fad,” I wrote.

In fact, “it is time for the government to make use of blogosphere as a place to talk with (not 'talk to, which implies a one-way conversation) its citizens, rather than rely 100% on the mainstream media.”

If I were to add a postscript today, I would say: “It’s not a question of whether the government will do it - but when.”

(This was published in The Star on Apr 19, 2008)


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Singapore Alfresco.com - Life stinks. Get over it.
« Reply #10 on: July 16, 2008, 03:30:23 AM »
newest link on the Singapore

http://www.singsupplies.com/forumdisplay.php?f=2
*by the same guy who brought you Sammyboymod.

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Re: [Read] Who decides what is best for Singapore?
« Reply #11 on: October 02, 2008, 08:33:03 AM »
question: who decides?


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SINGAPORE'S economy, already in recession, may face years of slow growth
« Reply #12 on: December 06, 2008, 01:28:45 AM »
Quote from: madmansg;111650
SINGAPORE'S economy, which is already in recession, may face years of slow growth, the country's prime minister said on Friday, as it is hit by the fallout from the world economic crisis.

'Singapore must be prepared for several years of slow growth,' Prime Minister Lee Hsien Loong told journalists at a lunch hosted by Singapore's Foreign Correspondents Association.

He also said he expected unemployment to rise, particularly in the manufacturing industries, which account for about a quarter of its economy.

The Singapore economy is already in recession and with major demand centres including the United States and Europe also in recession, the outlook for Singapore for next year is bleak, economists have said.

Last month, the government pledged to spend S$2.3 billion to help firms get credit and said it would run a larger budget deficit to support an economy that it said could shrink 1 per cent in 2009 and at best would expand 2 per cent.

Mr Lee said the government would partly rely on construction projects to try to help growth with the cost of projects coming down.

'It makes sense for us to take advantage of that,' he said.

The government plans an expansionary January budget and is trying to diversify away from manufacturing into service industries such as finance and tourism. - REUTERS

via : http://www.singsupplies.com/showthread.php?t=11252

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Prime Minister's New Year Message 2009
« Reply #13 on: January 01, 2009, 02:40:25 PM »
http://www.asiaone.com/News/AsiaOne%2BNews/Singapore/Story/A1Story20081231-111620.html

>GLOBAL ECONOMIC CRISIS

1. 2008 has been an eventful and challenging year. The world is entering the most serious economic crisis in sixty years. The global financial system has seized up, companies are finding it harder to obtain credit, and economies everywhere are slowing down. Europe and Japan have joined the US in a simultaneous recession. Asia too is seeing a sharp slowdown.

2. As a small, open economy, Singapore cannot avoid being hit. We earn our living by trading with and servicing the world. So the fall in worldwide demand has hit our exports, our tourism sector, and our broader economy. We have gone into a recession, though growth for the year as a whole is still positive at 1.5%.

3. The outlook is highly uncertain. At each stage of this crisis, events have turned out worse than the experts predicted. Governments everywhere have been implementing monetary and fiscal measures, rescuing troubled financial institutions and key corporations and pumping money into the economy. But no one is sure how the financial systems and economies will respond, or which policies will work. There is a loss of business and consumer confidence and, hence, one thing is certain: things cannot turn around overnight. Quite likely the global recession will be followed not by a quick rebound, but by several more years of slow growth.

4. We must therefore prepare for a difficult year ahead, and especially the first half of 2009. Our economy will probably contract further. More companies will be forced to downsize. So far we have not seen many job losses, but I expect more retrenchments in the next few months. We must be psychologically prepared.


GOVERNMENT RESPONSE TO SAVE JOBS

5. The Government has responded promptly to this economic storm. Our key focus is jobs ? keeping people in jobs, helping workers who lose jobs find new ones, and retraining them with new skills. To do this, we have to help businesses ride over this rough period. So long as people have work, they can take care of themselves and their families.

6. We have already implemented two significant initiatives. The first initiative is the Skills Programme for Upgrading and Resilience (SPUR), which was jointly launched by the tripartite partners on 1 December. SPUR helps businesses pay for their staff training. The tripartite partners have reported good response. Already, more than 120 companies have come on board, which together will train more than 4,200 workers.

7. The second initiative is enhancing government financing programmes for companies. This is to ensure that basically sound firms, especially the smaller ones, can still obtain financing despite the tight credit climate, and so keep their operations going. We have also recently reduced interest rates and increased insurance premium subsidies under the schemes. These measures will benefit some 13,500 existing loans worth $550 million and an estimated $3 billion in new loans.

8. Apart from these two measures, we also lowered corporate taxes in 2008. New enterprises and smaller companies enjoy further tax exemptions, which mean that many pay little or no taxes. For households, the 2008 Budget package included Growth Dividends, U-SAVE, S&CC and Rental Rebates, and top-ups to Post-Secondary Education Accounts. These schemes are helping Singaporeans, particularly lower income families, to tide over the difficult period.

9. Our next major move will be the 2009 Budget, which we have brought forward to January. The emphasis is still to protect jobs. We will do more to help viable companies to stay afloat and continue to employ their workers. We will introduce measures to help them with their business costs, including rental and wage bills. We are also studying further financing support for companies.

10. Compared to the 1997 Asian Financial Crisis, this crisis is more difficult for us to overcome because it is global. Still, it will not last forever. After a few years, conditions will go back to normal, though we cannot expect a quick return to the boom years before the crisis. Meanwhile, a world in recession is not a world without opportunities. In the midst of the storm, we must keep pursuing new growth chances, and look beyond the immediate problems to ensure that Singapore emerges stronger after the downturn. Hence, the Budget will also contain measures to develop our competitiveness and build up new and long term capabilities. Some businesses may not recover from the slump in global demand, but most should survive. We will help them to build up their operations, and also encourage new businesses to grow, so that there will always be good jobs for Singaporeans.

11. The Budget package will not restore our economy to high growth overnight. But our measures will moderate the impact on Singaporeans, and on our economy. We will continue to monitor closely how events unfold. If more measures become necessary, we have the resources, and the will, to do more to see Singapore through this recession.

MEETING THE CRISIS AS ONE NATION

12. However, Government help alone will not solve the problem. Every one of us has a part to play. Companies should work with the unions to find ways to cut costs, and consider downsizing only as a last resort. During a downturn, businesses should try hard to keep their core team together, to hold on to their critical knowledge and skills. They should also take advantage of this slack period and the available schemes to build new and better capabilities. Such a far-sighted approach will pay off when the upturn comes.

13. On their part, workers should go for upgrading and pick up new skills. There are still many good jobs even now. Singapore has attracted exceptionally high investment commitments in the last two years. For 2009, EDB forecasts that investment commitments will be lower, but could still exceed $10 billion. When these projects are completed they will create many new jobs.

14. In addition, sectors like construction and marine which have not been popular with Singaporeans still offer many jobs. There are also vacancies in the service industry, such as in healthcare and education, the IRs and retail trade, and in the Home Team and security. There are jobs not only for the rank and file, but also supervisory and technical positions for professionals, managers and executives. If you are job hunting, I hope you will venture beyond your comfort zone to take up these available jobs, even if they are not your first choice. - The IR will have lotsa job oppties

15. In this difficult period, families must bind together, as Asian societies have always done in times of trouble. We must all fulfil our duties to our parents, our spouses and our children. In particular, we must safeguard our children's future. Parents must ensure that children continue to attend kindergarten or childcare centre, and keep up their school attendance and school work.

16. Singaporeans must also take care of one another beyond our immediate families. Community and welfare organisations, as well as grassroots organisations all over the island, have expanded their schemes to help needy citizens - food hampers, Fairprice vouchers, bursaries, and pocket money for needy students. The Government will also continue to play its part, by helping the poor through ComCare. These efforts must be supported by all Singaporeans. If you are able to contribute, do volunteer your help.


TACKLING SECURITY CHALLENGES

17. Besides the economic downturn, 2008 has also brought political instability and security threats to some countries in our region, making it harder for these countries to focus on their economic problems.

18. Extremist terrorism is a continuing threat. The recent terrible attacks in Mumbai were a vivid reminder of this. Singapore was not the target, but tragically a Singaporean, Ms Lo Hwei Yen, became a victim. We all mourn her loss. We must also understand what this incident means for our security, and how we can protect ourselves better from the threat of terrorism.

19. We are doing our utmost to prevent something like this from happening here. Our security and intelligence agencies monitor potential threats closely, and cooperate quietly with their counterparts in neighbouring countries. We are tightening up border security, and taking physical precautions at major events. Ordinary citizens can help in this too, by being on the alert and reporting anything suspicious.

20. But there is no 100% guarantee that we will never be hit. Therefore, we must strengthen our psychological resilience and our social cohesion, so that should an attack ever occur despite all our efforts, we can absorb the shock, pull together and recover from the blow.

21. Most importantly, extremist terrorism must not be allowed to undermine our racial and religious harmony. Singaporeans understand that terrorism is a threat to all of us. All religious groups have unequivocally condemned the Mumbai attacks. We need to work continuously to further strengthen this unity, trust and resilience. This is the purpose of the Community Engagement Programme (CEP) - to prepare ourselves to respond to any crisis not as individuals or different communities, but as one nation.


CONCLUSION

22. Despite the storm clouds, we have good reasons to be quietly confident. Around the world, people recognise that Singapore started with precious little but built a prosperous and cohesive multi-racial nation through our ingenuity and effort. On my recent journeys abroad, I found everywhere a high regard for Singapore. Whether in Latin America, China or the Middle East, people admired what we have achieved, and were eager to learn from our experiences. I was asked many questions about how we tackle our problems, and in particular how we are responding to the crisis. They were confident that we would pull through and wanted to pick up ideas from us. Perhaps that is why the World Bank is setting up a World Bank-Singapore Urban Hub in Singapore, to share some of our experience and expertise with other developing countries.

23. Singapore's key strengths are our honest and capable leadership, sound policies which look beyond the short term, social cohesion and talented and hardworking people. These strengths have brought us peace, prosperity and progress for decades, and they will see us through these difficult times. When the environment was favourable, we upgraded and grew our economy, lived within our means and patiently built up sizeable reserves. So when this sudden, severe storm struck, we were ready.

24. Together, we will overcome this downturn, as we have overcome many previous ones, and emerge stronger from the experience. Together, we can meet the future with confidence.

25. I wish all Singaporeans a Happy New Year.

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    • CelicaSG
Re: Prime Minister's New Year Message 2009
« Reply #14 on: January 01, 2009, 02:54:14 PM »
all high level talks... the low levels are submissive thus problems are tacked easily.. i thought i saw some reports on if MM was to run a country bigger than what he had, will he be able to pull off making the accomplishments he had done. :D

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