So DBS, our biggest bank, has lowered its 2020 GDP growth forecast for Singapore by 28% from 1.4% previously to 0.9% because of a drop of 1m tourist arrivals for every three months Singapore’s travel ban on Chinese passport holders continues. (Related post: S$ tanks as GDP forecasts slashed)
Wuhan virus: Why investors are not panicking
Time to look on the bright side.
Electricity tariffs will drop because oil prices have fallen from around US$65 to below US$55. China is not buying oil. Related post: Why MSM no kanna POFMA for spreading fake news?
Less crowds when going to supermarkets. The anti-PAP cybernut hoarders got to eat up their stocks of rice, instant noodles and toilet paper. They also have no spare money to spend on other groceries after spending hundreds if not thousands of $ on rice, instant noodles and toilet paper.
Sure to have sales for luxury goods because tourists are not coming.
I’m seeing ads offering discounts for fine dining and stuff like suckling pig.
Sure got more comedy shows as Goh Meng Seng and Tan Kin Lian attack PAP govt: Clowns of Singapore.
No GST rise this yr: Double confirm: No GST rise this yr.
More goodies even if it’s more of Ownself pay ownself: it’s our money PAP govt is using to bribe lessen the pain of a slowing economy in an election yr. Anti-PAP types should be cheering as if the economy suffers badly, more people will vote against the PAP: Anti-PAP activists loi hei wish.