The matter relating to retrenchment is something the PM can hardly
do a thing cause the Spore is dependent on the US market to export
her stuff. Export such as electronic and PC stuff but if u look at
Malaysia or Indonesia, they are not that badly affected considering
the fact that they also export to US but they export mostly
commodities such as oil or palm oil which is a daily necessity in
everyday life of the common people. A person can do without
electronic gadget, mayb deferring the purchase but they cannot do
without palm oil.
In Malaysia, we got a property in Malacca left over by my
ah gong, outside there is tulip plants, celery, sugar cane, potato
plants and a few coconut trees beside those durian and rambutan
trees. No money also can survive.
In Singapore, unless you are living in landed property, all
condo and HDB is like a jail, a more flexible jail. If you dun work
or do a business, you are dead, or the most you can do is eat
cement and bricks in this concrete jungle of Singapore.
As i said early, it near the end of the year, season greetings
will bring in some order to energise the economy, but after that,
everyone will be feel the hole in the pocket and start to spend
less, order reduced and retrenchment will take place, that is why
PM said retrenchment is going to be higher as job credit scheme
will end by end of this year, and peoples will not be getting any
bonus but rather cut wages as this year performance is so far,
poor.