Let’s
believe that the hawkers and food sellers would not pass the burden to their
customers and everything will be as before. Look at the other areas where this
price hike would hit the people. Maids in the condominium would likely be asked
to bath in the common bathrooms beside the swimming pools or gymnasium. All
public facilities like toilets would be doubly well patronized for sure. I have
seen office workers brushing their teeth in the office toilets. Soon more will
follow suit and they may even bath in the office bathrooms if available.
In the case
of public toilets, would they start charging for usage? Oh, toilet facilities
in shopping centres would also be a hot favourite place, in Changi Airport too.
Would
employers start to restrict the number of times a worker can bathe, how long
they can bathe because of this water hike?
Then there
are the wet markets, hawker centres, foodcourts that required daily wash up.
Would the frequency and duration be shortened? Water is not cheap now and these
operators must be made to feel the heat of higher water prices. And when the
heat is on, would they stinge on washing up their stalls and the hawker centres
and food courts? Would they stop washing their food during preparation, would
they cut down on water when washing the crockery and eating utensils? Would the
hygiene of food preparation be compromised, would the eating places be less
washed and deteriorated into waste land?
Would buses
and trains be more smelly when people cut down on personal hygiene, bathe less,
use less water, don’t wash their clothings that often? Water festivals would be
banned I supposed which would not be good for integrating the foreigners here,
not respecting their festivals.
One good
point is that human noses are very adaptable and soon everyone would be used to
the smell and get on with their lives with the new normal.
The greetings of 'jiat pah buay' would be changed to 'chang chui buay'.
128 comments:
//Would they stop washing their food during preparation, would they cut down on water when washing the crockery and eating utensils? Would the hygiene of food preparation be compromised, would the eating places be less washed and deteriorated into waste land?//
Uncle, hawkers & food sellers will cut corners in order to survive due to water price hike. Already some sellers r selling kopi at a smaller cup ( 'giu jui' or 缩水), will u order food from hawkers the portion that u get seem to be smaller now though price remain the same. Washing of utensils now, at hawkers or food courts they tend to use a smaller volume of water with faster washing & rinsing ( they wouldn't care anyone get food poisoning)...more of the saving water methods will be innovatively device by Sinkies...wow all of sudden Sinkies become water efficient ( no need the Pub 3-5ticks symbols to identify water usage at all)..
Suddenly everything is becoming expensive. Water, gas, electricity and even eating out. GST increae must be on the way. They are just looking for a reason. But I cannot say too much, otherwise I may be accused of wanting to eat at restaurants and not at hawker centres.
Eating out is already expensive. Nothing less than $3.50 nowadays. Of course they will tell you there are cheaper places to eat, and you only have to look for it. But why would I take public transport to have my meals, when including the transport cost, it does not make any more sense to eat at the cheaper place.
who's the biggest profiteer? OMG!!! it's those motherfuckers again!! the looters are at work again..cpf money not enough to satisfy their addiction..what's next mfs ??
They are so desperate for money. Water, SC&C, electricity and the people's savings are like scrapping the bottom of the barrel. These are dangerous signs that things are not going well.
This irresponsible, unreasonable, and totally absurd water price exorbitantly will cause a big anti-government movement to rise. Even the 70% of idiots will be hit when the bills sink into their head. Every other things prices will follow suit - up, up, up and away! Just watch.
//The greetings of 'jiat pah buay' would be changed to 'chang chui buay'.//
ANGKOL, new episodes by garmen mouth piece called " lim jui buay" or " boh jui liao" coming up after the season finale of 'jiat pah buay' ..to teach or educate Sinkies how to be water efficient & water saving habits ...& dafts Sinkies (at least 70%) r die hard followers if not Shamemulugun will tell Sinkies to trust him as Family members as though kaki Lang pah si boh xiang kang..
The higher water fee and water conservation tax were introduced by his predecessor to teach the people the importance of water. Now teaching the people another lesson by another 30% hike.
These fuckers and their nonsensical reasoning will hit them flat in the face soon.
Those people that wash their backside with water would be affected by higher water fee.
@ Anonymous March 07, 2017 8:52 am
//Suddenly everything is becoming expensive. Water, gas, electricity and even eating out. GST increae must be on the way.//
Technically, the 30% water tax increase may not be far from the (negative) impact of say an equivalent of 1 to 2% indirect tax (aka VAT -value added tax aka GST -general sales tax aka ad valorem tax) hike?
Why?
If increase in prices of primary inputs such as oil pervades through almost the entire chain of goods and services, water is (even) more so?
The leaders love of money or intense relationship with money is the root of all evil.
They have designed an economy that heap praises and wealth on themselves and skimp offf the people. The way to keep the system of pilferage going is to create means of enslavement through creative destruction and then convince cows to work harder while they talk cock and sing song.
This will continue so long as the cows are willing to be treated like idiots.
"The purpose of our transforming towards our future economy is to improve our jobs, our careers, our lives — not to make them worse."
"It will not be easy, because, to succeed, we must have not one, not two, but four keys in our hands to open the door to a future of good jobs and better careers for all our people."
"The key words are productivity gains. These companies show us that the real threat we face in the competition for jobs is not technology but global competition. Instead of worrying about technology taking away our jobs, we should focus more on how to partner with technology to take away customers and jobs from our competitors before they do it to us."
In other words, how to take the rice bowl of other people or other nations and likewise, your competitors or "enemies" will do the same to you.
It is you die or they die - that's your future or YOUR CHILDREN FUTURE
The one thing your leaders don't teach you or tell you to do is to beg people to spend money.
Now if the CEOs, corporate executives, tow kays and workers will to Kow tow to customers( line themselves up in the the entrances of their shops, malls and hawker stalls etc) instead of being arrogant in services, they may get some people to open up their wallets.
What do you think?
Your leaders survive arrogantly by forcing you to pay for essentials or necessities and you become the unwilling or reluctant spenders.
Money is king and the king has the money while you are relegated to an idiotic cow
WHAT PERVERTED LOGIC AND NONSENSE ARE THE PAPPIES SPOUTING???
You raise the Price of water and DISALLOW those who pay for the HIGHER PRICED WATER to charge their customers for it.
真的是官可杀人放火，民不可点灯?
Rulers do whatever with impunity and without restrained and the People are subject to whatever implementations???
They have to comply and conform no matter how unfair and unreasonable??
ONLY SINKIE IDIOTS CAN BEAR WITH NONSENSE.
patriot
Go cheap SAVE SAVE SAVE and deny the arrogant from their destructive ways!!
Is it you die or they die...choose!
But they rather be cows...especially the women...lol
//Some hawkers even said they would not pass down the hike to the consumers and would absorb the increase in cost. This is something you can only hear in heaven when everyone is so saintly and angel like.//
Uncle, not true. Already in SIN Ming Chinese newspaper Ang MO Kio Ave 10 Blk 409 hawkers increased the cuppa of kopi & teh by 10 cents since 1 March 2017 (even b4 the water price hike.. & this occur in Hsian Lang's ward AMK GRC!). These hawkers aren't saints or angels & majority customers understood & there 4 hawkers claimed to have less impact on their bziness as they haven't any price increase for 5 years already leh. Bsinesses need to be profitable else they r doing charity teoh boh? And these hawkers r like the whites garmen claiming that customers r also like family to them ..just like the whites minions Lim Swee Sui who would cry tears dropping for the unemployed Sinkies who couldn't find jobs & Lim claimed that these unemployed PMET will be helped when they r also kaki lang else he cry for wat..wayang ? shed crocodile tears? ...
Pander to their VANITIES and stupidity and they will spend.
Most services and product are targeted at the women.
Make the economy sexy and you will have a fantastic orgies of foreigners and locals.
Then you use the laws to reign over their stupidity.
Good show...sit back and watch the destruction
Well, just commit adultery lor( politically correct)
Hehe
u know the looters are in trouble when they ran out of labels to call the increase..just call it " blatant thievery tax" la
Aiyah, you stupid go drink more new water and fight to spend less on new water better lah lol
u know the looters are in trouble when they ran out of labels to call the increase..just call it " blatant thievery tax" la
Sin people fighting over pee wahahahahaha
Not humiliating hor...wahahahaha
Pay more to drink Newater.
let's have a townhall meeting with the proposer n the supporters..they dare???
hahaha.....
got an idea for those stay in hdb blocks.........
when it rains.......
place pails between hdb blocks to collect rain water for washing and bathing.......
it is free...............
good idea to save 30%..........
huat-ah....huat-ah...............
At the end of the day, your economy depends on cows. How to get cows to spend?
You have to raise and keep them stupid, and thou or some will be rich.
Not to worry, your children are stupid
LoL
..... con't @ 10.07am .....
The question is, why now (of the imposition of the hefty 30% water tax in the midst of weak economic growth and unprecedented international uncertainty in view of Brexit and Brexit+++)?
To appreciate how such policy tool might pan out (and affect the economy), we may draw attention to the Greek economic austerity measures between 2010 to 2016 (that were) forced on the Greek government (and people) by the Troika (ECB -European Central Bank, IMF- International Monetary Fund and EC -European Commission) after they (the Troika) bailed out Greece with a €110 billion loan (in the aftermath of the Greek Debt Crisis which exploded in 2009) .......?
Macroeconomic stabilisation tools are economic ideas that emerged in the 1930s amidst the troughs (and throes) of the Great Depression (that started in 1929 and indirectly ignited the conflicts in Europe - war is almost always inadvertently about money, livelihood, economy?) after British economist John Maynard Keynes in 1936 published his magnum opus "The General Theory of Employment, Interest and Money" .......?
The customers or people are suppose to be kings but instead, the idiotic elites or employers are kings.
What a joke
In it, Keynes expounded (in theory) how central bank's influence of money supply, interest rates and government's fiscal influence of aggregate demand can be used to great effect to counter economic weaknesses and smoothen wide (and wild) cyclical fluctuations inevitable in a free market economy that inadvertently wrought (severe) hardships, chaos on the masses and even an indirect cause to wars, destructions, devastations, more deaths and hardships .......etc?
In other words, just like the "Synonan Gallery" naming "fisaco" or saga to evoke memory of the terror of war, could not the objective of educating the public in general as well as businesses on the "wise use of water" not be done in other ways (for example such as some water rationing that would likely raise awareness) than a blunt tool that could tip the economy into an actual recession in these times of international uncertainty and geo-political tensions (especially in SCS), in the backdrop of BREXIT (in Jun 2016), "BREXIT+++" (in Nov 2016), Trump's new (and possibly unpredictable) Adminstration (and policies) and the possible roll back of globalisation in terms of trade, capital and investment mobility?
We are indeed very very fortunate.
Only 30%. Not 300%!
Why dont up up 300%?
Singapore "huat ah"! Singapore "huat ah"!
Cheers!
When the hawkers do not pass on the increase in water prices to consumers, many things will happen.
The food will not be washed as cleanly as before. The plates, bowls, spoons and forks ditto. Hmmm, what about contagious diseases spreading from unclean cockery? Hard to imagine. But since the Government is warning hawkers not to increase prices, consumers must suffer the consequences.
In any case, I already have the impression that hawkers and retailers are already thriving in a atmosphere that resembles 'boh cheng hu' kind of environment.
Now, we even have a 'boh cheng hu kind of government' government, if you understand what I mean.
Fighting over pee..hahahah
Yes, throw smoke to deviate from main issue...the children's fart lol
Charbo fart lah hahahah
SEOUL — Pyongyang is banning all Malaysian citizens from leaving North Korea, state media said Tuesday, potentially holding them hostage amid an increasingly heated diplomatic row over the killing of Kim Jong-nam in Kuala Lumpur.
"All Malaysian nationals in the DPRK will be temporarily prohibited from leaving the country until the incident that happened in Malaysia is properly solved," the official Korea Central News Agency said, citing the foreign ministry.
Might as well kill each other
Why kpkb? Why kpkb?
70% gave them to do it. Just Do It!
Even with 30$ increase, 80% are expected to OK at next GE.
Singapore is like that lah.
Only kpkb and kpkb but come to voting, it is...........!
Right?
"250 firms on MOM watch list for not doing enough to hire, groom Singaporeans"
Get the message cows?
Nobody wants you! And you need laws to tell foreigners to hire or like you or appreciate your "talent", you stupid
..... con't @ 11.33am ........
The Keynesian economic analysis in macroeconomic stabilisation and balancing during a business down (/up) cycle based on the economic framework of IS-LM (influencing the goods and money markets) may be "simplistic" but arguably used to "GREAT EFFECT" (by previous US FED chairman Economics Professor Ben Bernanke) in engendering a sustained US economic recovery between 2010 to 2016 after the 2008/09 GFC-Global Financial Crisis ......?
Just a quick digress of brief and simple economic "tutorial' on macroeconomic tools often advised by economists (to ruling governments of the day ......):
The term "IS-LM" actually stands for "Investment Saving-Liquidity/ Money Supply" .......?
The "IS-LM" framework is an economic analysis on the "Goods Market" (IS) and "Money or Financial Market" (LM) ........?
Why drag in the "IS-LM" economic analysis framework pertaining to this 30% water tax increase and amidst likely interest rate hikes in the US in the coming months in 2017 (watch out for the US FED FOMC Meeting next week mid Mar 2017), on top of global uncertainties in the backdrop of BREXIT, BREXIT+++, geo-political tensions in SCS, "deeply" worrying trends in impending Central European countries Presidential elections especially in France and Germany in 2017 ........?
No shame
I had a chat with a trader. He was telling me business was very quiet and prices were increasing due to water and other taxes like Lift extra taxes.
The cost pressure is pressing hard on these people. Its natural for them to shut the door some days. Yes, after cny, it will be a 3 to 4 months low business volumes. Cost for water cannot be just for hawkers center. How much do these hawkers use in water? The real cost raises are in factories. I told this trader, prices increases will be from fresh foods stuff easily increase $0.1 to 0.5 per unit. Hawkers are using these materials, noodles, fish balls, tofu, fish meat, in cold chain. People expect hawkers to keep the prices when materials are increasing?
The water cost increase is a timely move to bring up all the costs on food stuff in Singapore. The effects on increases will addon with coe, to conservancy charges.
The troubling figures are new PR are around 60k and new citizens are around 40k periodically to snatch away good jobs from citizens capable of employment.
Let say there is a family. The old folks are able to work, found no jobs. The children are able to start work, found no full time jobs. While costs of foods stuff are increasing non stop. Buying power will be very low to save every 10 cents, not every dollar. The retailers suffer too. Same as the hawkers.
This post expected hawkers not to increase prices? Hawkers have costs to pay and a family of children to feed and educate.
The unhappiness should target at Pap elites. They expect hawkers not to increase prices while they increases family costs in all aspects, water, coe, conservancy, electricity, gas, anything having to do with a family, these elites hit the pockets of the ordinary folks. Do not direct the heat at hawkers please.
Be more potent in your protest. Votes for opposition to cut off the useless import of foreigners to consume waters, gain medical subsidies, housing subsidies as new citizens, and with NO NS as PR and new citizens, with good jobs.
Some with good jobs prey on girls below 16 for sex, and get featured as success stories in state run web sites. Can voters imagine, there are petitions for too mild jail sentences for one who screwed young girls, and probably gained citizenship here.
Waters turned into blood
You mean kotak water? lol
Just go and earn more money, that's the solution of PAP - haha
Once you have more money, they will think of ways to milk your CBs and LJs and many sotongs will pay the price with their lives
What a caring society - your women believe that while the men hold their tits in glee
30% increase, toooooooooooooooo little!
300%, please!
We can pay!
So 300% please!
Do it NOW!
Say what we like, everybody is working for the Government. All we earn goes mostly to the government directly or indirectly, from largely commercial shop rentals and food prices, utilities, levies, taxes, transport etc.
Throwing bits of bones, feathers and leftovers is just to pacify the naive and daft. What they take from the peasants is for life. What they throw to the peasants is for a limited time only. After that, it is all one way traffic to fatten the government coffers.
You need moist Chee Bay for the economy to work...go ask Eve, she very clever one
But you shall surely die....how?
....... con't @ 12.03pm .......
It may be a stretch (for many oldies and general readers in msn) to grasp the quantitative algebraic equations in the "IS-LM" framework as it contains between "30 to 50" variables in a rather analytically mathematical algebraic expressions (though it could be basic for most uni undergraduates taking a course in intermediate/ advanced macroeconomics) .......?
Nonetheless, what can be stated here is the "IS-LM" economic analytical framework looks at 6 behavioural equations tracking the various economic agents in the interplay of economic events and activities (in the real world) ......?
They are: (1) Consumers' behaviours; (2) Investment; (3) Taxation Effects; (4) Government Current and Capital Developmental Expenditure; (5) Real money balances or demand for (real) money; (6) Exogeneous (high power) Money Supply........?
The peesai garment is known for its "Fiscal Prudence" and NOT "fiscal profligacy" (as seen in history in many 3rd world public finances) .......?
Thus, it is possible for many in the economic fraternity to be concerned about the timing of this 30% water tax increase in the midst of many struggling SME businesses, falling real per capita consumer household expenditures in peesai (in the past few years, source: www.singstats.gov.sg), impending interest rate hikes in the US in the coming months in 2017, global economic uncertainties aforementioned etc etc .......?
Peesai uses monetary exchange rate policy (in terms of the Sg $ NEER [Nominal Effective Exchange Rate] Band) to manage its monetary policy thus (in the process) sacrificing the "Independence"of its interest rate policy ........?
In other words, peesai is an "Interest Rate" taker .......?
Thus, a hike in US benchmark (short term) FED fund rate is "effectively" a hike in sinkieland's interest rate ......?
Amidst many struggling SMEs businesses, thus the timing of a "fiscal contractionary" policy ("dressed and disguised " in the form of the 30% water tax hike) might cause many (in the economic fraternity) to scratch their heads?
Now, to bring in the twin effects of what a "contractionary fiscal policy [CFP]" and (a likely and impending externally effected) "contractionary monetary policy [CMP]" on the likely impact on sinkieland's economy especially many struggling SMEs, we need to drag in another economic framework (the AD-AS) .......?
Analytically, the AD (Aggregate Demand Schedule) curve is derived from (partial equilibrium in) the goods and money markets (using the IS-LM framework) .......?
The 30% water tax increase is likely to "contract" the IS curve and any US tax hike is likely to "contract" the LM schedule ......?
Thus, simultaneous "contractions" in the IS and LM schedules are most likely to contract the AD schedule regardless of the AS (Aggregate Supply schedule)?
Is peesai looking at a "supplementary budget" in the event of a severe (domestic economic) downturn (in 2017/ 2018)?
If it is so, why even timed the 30% water tax increase at this point of time?
When everyone is thinking and scheming to take your money you should know that you are in trouble or they are in trouble.
Sinkies must vote PAP to up with more schemes and taxes to help them. And to teach them not to waste water and strategic resources. They need the strategic resources for 6.9m population to come in. 70% is not good enough. Next GE make it 90%.
What "PURPOSE" does the 30% water tax increase serve?
Can't the 30% water tax increase be held back or in the interim other measures put in place such as some water rationing exercise to raise awareness?
If we extend the IS-LM framework to the IS-LM-BP (Balance of Payment) framework, there are even more uncertainties and exogeneous external factors?
........ con't @ 12.47pm ......
Even with the most sophisticated macroeconometric models, how are they going to account for impending/ likely political events in Central Europe especially the Euro area, not withstanding Brexit, Brexit+++, US FED rate hikes, possible snap elections in neighbouring countries ....... etc etc events which could potentially be destablising?
So to self-impose "an economic austerity measure" (classic laogoa style - ownself shoot ownself foot?) via a 30% water tax increase at this (critical) juncture begs the qn what is the deciding rationale given an efficient garment who would have thought out all the possible scenarios, fallouts, possible global and domestic black swan events etc etc?
Should not economic policies be versatile and staggered on intertemporal basis based on economic realities now and in the foreseeable future?
The many micropolicies in the recent 2017 CFE Report would likely take varying degree of gestational periods to work even assuming all will work, thus what will fill the gap in the short run?
A 30% water tax increase in the face of weak economic fundamentals domestically and externally?
Really dun understand how the elite minds work?
Have the elite scholars made a wrong call?
Or they dun have other options?
Efficient garment? Some say they are getting to be more like Malaysian garment, thinking becomes alike, uttering the same kind of nonsensical logic and reasons and expecting the people to swallow them down as good medicine.
Hi anon 1:46,
Your serious economic discourse could not match the neo economic theories of the natural aristocrats. Every word they said is like gold, indisputable truth and unquestionable superior logic.
I work in a shitty place, and I've got colleagues who bathe in the toilets at work. Anyway the place stinks & we workers also stink. So what you write we already experienced for 10++ years liao.
Think the Rulers are
very confident that Sinkies will be able to cope with the few dollars increases here and there.
lt also appears that Sinkies do not mind all the Hikes as the roads are full of brand new big cc suvs and sports cars despite high coes, erp etc.
Sgx has soared and is still climbing and queues at restaurants are still common and long.
When Lim Swee Say cried at the Last Parliament Meeting, l think he over acted. Everything is rosy for Sin. There is still plenty to keep Sin going for 2 to 3 decades at least.
More lands are sold and they will take many years for them to be fully and completely developed.
No need to fret too much, at least no need to worry
for the Time Being.
patriot
Economy is not doing well and so tax collection is down. With many retrenched, CPF collection is also getting lesser. GST collected is also lower due many turned to internet trading. How? Government has no more money to spend on Defense and pay billions to its ministers and EP. Must think of ways to collect more.
Where got water shortage?
Our Millionaires just need to stand in front of Singaporeans now.
All of us happy to give them a big "Huk Pui"
It's better when some people get a stroke.
It's better they die straight away than to recover and give us more problems.
It is very obvious that this water shortage crisis is triggered by PAP after they let in more than one million foreigners to live and work in Singapore . . .
They created the problem, the daft pays for it without protesting.
@ Chua Chin Leng aka redbean March 07, 2017 2:08 pm
//Hi anon 1:46,
Your serious economic discourse could not match the neo economic theories of the natural aristocrats. Every word they said is like gold, indisputable truth and unquestionable superior logic.//
Mee oso nvr say can match the elite scholars or natural aristocrats?
Obviously cannot match lah?
Just wondering why they time it (the 30% water tax) now cos may end up becoming the proverbial straw thet breaks the camel back mah?
@ Anonymous March 07, 2017 3:22 pm
//It's better when some people get a stroke.//
Anon 3.22pm, u dun say ......?
Being working with Economics analysis and policy making very "PAI TANG" .......?
So many macroeconometric modelling and data to grasp with, not difficult to get stroke .....?
That's why almost eveLEE day need to meditate and rest the mind .....?
Quite taxing on the brain cos there is nothing definitive in macroeconomic theories and actual application varies from countries to countries ......?
What works in Cuntry A might be a "poisson" (wrong policy description) in Cuntry B?
Thus, macroeconometric models need to adapt to the specifics in each cuntry and its stage of (economic) development?
Peesai is a mature economy liao .....?(Really?)
So run of the mill economic growth model won't work on peesai le?
The "tricks" (so called economic policies) "used" by "Botak" quite low level .......?
Only those untrained in Economics "impressed" by his ("unsustainable" short term) growth model ...?
For example, think about "PIC" scheme im recent years, the so called "Productivity and Innovation Credit" Scheme ......?
//Economy is not doing well and so tax collection is down. With many retrenched, CPF collection is also getting lesser. GST collected is also lower due many turned to internet trading. How? Government has no more money to spend on Defense and pay billions to its ministers and EP. Must think of ways to collect more.//
@2:49pm
You're the dumb one. Tax collection, CPF, & GST are the highest so far. The only collection gone down in last 3 years is the property tax & stamp duties. PAPies and many of the 70% Sinkies are laughing all the way to the bank. I myself got over $100K year-end bonus and need to pay $10K income tax in April. But I don't mind as my total income tax is still about the lowest in the world.
After feeding us 'sai chwee' the obvious step is squeezing out the 'chwee' to be reused, leaving out the 'sai'. No wonder they are not afraid of even 10 million population. And that is why they can get 70% and up with all the hair-raising treatment meted out and despite that the daft will still ask for more. 'Sai chwee' is a potent concoction and has proven to be so.
PAP is pay and pay. They are honest about it. People are free to emigrate or pay up. Everywhere the same. Those in power only want to milk people.
Increasing capital per worker are endogenous growth model developed more than 50 years ago in the early 1960s .......?
But all these are very short term measures due to diminishing return of capital growth per worker in bringing about output growth per worker?
Sustainable long term growth comes from increase in total factor productivity (TFP) which is the harder part and needs much more than just (simple) spending on increasing capital accumulation?
"If we extend the IS-LM framework to the IS-LM-BP (Balance of Payment) framework, there are even more uncertainties and exogeneous external factors?
March 07, 2017 1:42 pm"
Haha, that is text book. I try to explain IS and LM in the way i understood Singapore. It ends up curves and not lines of ISLM.
More money supply more savings or investment is not true. There are lots of projects for roads, condos, the cash supplied expanded. The investment for productive goods industries does not increased. The savings for the population does not increase except the legal cpf. The inflation rate went up to 5.5% when gdp grew at 15.2%. The salary never went up. In fact salary is trapped at the same level for 20 years. How do u expect savings will go up in your IS LM model? U shift IS to the right, u get higher investment savings, but you get flat figures in my observation. So your IS line is horizontal, almost, while you expands your money supply.
U also has a increased jobless rate for citizens when LM curve expands. Economy expanded almost 40%, jobless citizens expanded in unknown number, no published figures as the smart elite groups PR to citizens, PR become citizens. But at war, PR disappear completely. How to account for such economy?
The higher the LM, not the higher IS, not the less jobless rate. The higher LM, the higher salary? Not true, the flatten salary for 25 years under the dragon.
On the part on exchange manipulation: the higher inflation, the higher exchange rate. When inflation was 5.5%, exchange rate to USD was 1.2. That killed many exporters. Foreigners firms moved out. This is Singapore s irrational economy. Irrational or not? U decide. Salary must not go up at high chronic inflation, when costs of living keep going up: u decide if it is rational. Employment rate for citizens always low, so that savings is low, so that cpf is low, so that jobs go to foreigners especially Indians under ceca. Rational or not? U decide.
To sum up, your ISLM model must work on rational behavior. Singapore is not a rational thinking economy.
So you cannot apply IS LM.
@ 4.45pm //Haha, that is text book. I try to explain IS and LM in the way i understood Singapore. It ends up curves and not lines of ISLM.//
Angkor,
Dun try to "scare" the oldies here lah .......?
When u make such typical punch lines "It ends up curves and not lines of ISLM", it makes READERS in msn wonder who "provided u" with all these "PUNCH LINES" hollow substance-less statements?
Since when anything (data points really) joins in a straight line?
Is there anything (in real life) that develops linearly and fits swee swee into a straight line?
So all the teachings in sch and uni must "burn" liao lor cos many if not most "SIMPLIFY" them by drawing straight lines?
Is not drawing a straight line in mathematics modelling not for simplification in explanation?
Am Ai suppose to talk about regression analysis in msn (and confuse all the oldies and the "whole class")? Lol ......
So if u become MOE minister, u make 13 years old learn Regression Analysis instead of "y=mx + c" for a start?
In other words, what curves are u talking about?
In actual real world, are not all events/ data points not just dots "not fitting into any straight line or curve" ......
Are u saying yourself or "Neon Umbrella" has better (mathematical or statistical) theory than regression analysis (for such purposes)?
Are u trying to bull the oldies in msn?
future chingay please use SAND from our beach instead of water and recycle them back to beach after use.
END OF WATER for chingay, everyone please remind the chingay organizer water is expensive.
probably recycle the sand, the ticket could be cheaper too.
Next, Ai must say and quite certain "U are an Economics IGNORAMUS"?
Confirmed?
Double confirmed??
Triple confirmed???
U wrote:
Quote
"U also has a increased jobless rate for citizens when LM curve expands. Economy expanded almost 40%, jobless citizens expanded in unknown number, no published figures as the smart elite groups PR to citizens, PR become citizens. But at war, PR disappear completely. How to account for such economy?
The higher the LM, not the higher IS, not the less jobless rate. The higher LM, the higher salary? Not true, the flatten salary for 25 years"
Unquote
What bullshit is that?
Which Economic Professor use LM (as the main analysis) to link to wage rate and employment rate or unemployment rate?
Obviously, u know NUTS about how wage rate and unemployment are determined in the market?
Anyway, it will be a waste of time "correcting" your "basic Economics conceptual" errors and mistakes .......?
Probably somebody "feeding u" bits and pieces (of info/ knowledge) here and there and silly PUNCH LINES like "It ends up curves and not lines of ISLM."
Sounds typically how a (snakeoil) salesman will talk?
Pls go google and read up properly first before embarassing yourself (in msn) "how wage rate and employment rate are determined in the market ......" or for that matter any other concept u want to talk about ......?
Btw, u are not doing the masses any favour in such (non-sensical) talking (in terms of economic reasonings)?
When u talk like that, more sinkies will run away from Teochew Lao Kok Kok, Mao Show Tong, Neon Umbrella ..... etc ...... and into the open arms of the papigs and 90% will vote for the incumbent than "Neon Umbrella" Economics?
Lol .......
PS: Uncle RB and readers in msn, Mee (has urgent things and matters to attend to and) will not (be wasting any more time and) reply to anon 4.45pm.
Perhaps, when there are opportunities and time on hand, Mee will give a simple explanation of how employment rate or rather unemployment rate, wage rates (are often determined in the market).
One thing for sure, no (sane or real) Economics Professor will use "LM" framework or "IS-LM" framework to explain ( like what anon 4.45pm did) how those rates (employment, unemployment, wage rate) are determined in the market ......?
Indeed, as parents, u will need to be very worried (a lot) if any self-proclaimed econs professor try to teach your child how unemployment and wage rates are determined in the market using "IS-LM" framework?
Do Ai need to say more?
There is nothing to prove here writing about all these in uncle RB's post here today.
Just "lamenting" the timing of the garment's decision to impose a 30% water tax under current weak domestic and external economic fundamentals?
With regards to recurrence of some things in the social media (such as the comment by anon 4.45pm), in this regards, one relevant economic concept in the real world to share, namely "Asymmetric Information" with regards to "Adverse Selection" whereby the famous "Lemon Law" was developed and based on?
It was first written in 1970 by Economics Professor George A Akerlof in an article entitled: "The market for 'lemons': quality uncertainty and the market mechanism" in the "Journal of Economics, Vol 84".
In the real world, due to "adverse selection" under "asymmetry information", the "bad" drives out the "good"?
Just like some "bad apples" driving good old uncle RB "out of TRE" recently?
So it is possible "good commenters" are being driven out of msn (at times) by "self selected bad ones"?
Btw, Professor Akerlof is the husband of current US FED Chairwoman Janet Yellen?
Cheers,
So LO(OOOOOOOOOO)NG dear frens, readers, uncle RB, Virgo, Patrait in msn ......
Dunno when MEE will find the motivation (and time) to write in msn again (after today) .....
Take care, all.
Especially my dear old social media acquaintances Angkors Patrait, RB, Virgo ......
So LO(OOOOOOOOO)NG .......
"What bullshit is that?
Which Economic Professor use LM (as the main analysis) to link to wage rate and employment rate or unemployment rate?"
March 07, 2017 6:27 pm
Hey, u are xposing your level of economics. Hicks ISLM model was written in 1936. One line talked about interest rate and and output, about interest rate and quantity of money demanded, ie interest rate high, demand for money lower, so affecting output lower as demand for capital goods reduces. the other line is about aggregate income increases: aggr income increases, dd of money increases, when interest rate increases, dd of money decreases.
I leave it to reader to ponder, this kind of thinking is only useful for a close economy. U are wrong to use it to Singapore economy, and write so much insult on me.
I tell u, u better go to read more about these silly economic theory at economic 101. It cannot be use for real economy. U think those ministers are so silly like u.
I u cannot think of wages and salary to aggregate income, u are nothing. Go to read labor economics then come to insult me.
U expect to apply the simple theory in econ 101 on understanding Singapore economic policies. Dont insult others lah.
I am having stout, u go for a stout then write out your reply please. Happy hours now.
It is good that water $ up by 30%!
Why not 300%?
30% too little!
Want to increase.....increase more lah!
300% would be just right!
Not to worry!
We can afford!
Hahaha...........
@ Anon 7.26pm
U wrote:
Quote
"Hey, u are xposing your level of economics. Hicks ISLM model was written in 1936. One line talked about interest rate and and output, about interest rate and quantity of money demanded, ie interest rate high, demand for money lower, so affecting output lower as demand for capital goods reduces. the other line is about aggregate income increases: aggr income increases, dd of money increases, when interest rate increases, dd of money decreases.
I leave it to reader to ponder, this kind of thinking is only useful for a close economy. U are wrong to use it to Singapore economy, and write so much insult on me."
Unquote
Ha ha ha .......
Now, u make MEE feel like a "cheeky and mischievous' mosquito on a "NUDIST BEACH" in Europe .......?
Ok ok ..... MEE dun "write so much insult on" u ......?
Can?
Mee just treat like an Angmo in a nudist beach ........ can ...... what a mosquito will do ...... dunno where to bite (on a naked body)...... oops ...... where to start with .......?
Hmmmmmmmmmm .........
Mee is feeling the "Dilemma of a (naughty) mosquito" in a NUDIST BEACH?
Dunno where to start with ...... oooops ...... bite on an Angmo naked body .....?
Anyone wants to suggest where (which part of the Angmo naked body) to bite first ......?
Pls kee chiu ......?
(Btw, this is just social media limkopi, tkss (talk cock sing song), so dun take it too seriously .......
U can have your Stouts, Mee can buy u some too, one day, if we meet some days ....... Angkors Patrait, RB, Virgo (are) oso welcome to drink together ...... Happy Hours lah ......
So some words of caution.
Drink DUN drive!
Uber or grab or take a cab back home ........
Pls .........)
Now, here comes the 1st (naughty mosquito) "BITE" ......
Nnnnnnngggggggg ........ (mosquito buzzing sound ..... u know ...... zooming into its 1st target .......)
Ok, mosquito gg to "bite" u (first) on your right big TOE .......?
1) Anon 7.26pm, u wrote///Hey, u are xposing your level of economics. Hicks ISLM model was written in 1936.///
Angkor Anon 7.26pm, who is Axe-posing his naked body to mosquitos ......?
Even u google (open book) also can get the FUNDAMENTAL facts WRONG .......?
Aiyo ....... Angkor, u forgot to bring out your "old flower specs, izzit"?
The late John R. Hicks wrote NOT in 1936 but in 1937 an article entitled "MR KEYNES AND THE "CLASSICS": A SUGGESTED INTERPRETATION" and published in the "Econometrica, Vol 5, No. 2 (Apr. 1937), pp. 147-159
So 1st (factual) mistake (by Anon 7.26pm ...... oops ...... 1st (naughty) "mosquito bite" on Anon 7.26pm boLEE, his right BIG toe ........?
2) Anon 7.26pm, u wrote ///One line talked about interest rate and and output, about interest rate and quantity of money demanded, ie interest rate high, demand for money lower, so affecting output lower as demand for capital goods reduces. the other line is about aggregate income increases: aggr income increases, dd of money increases, when interest rate increases, dd of money decreases.
I leave it to reader to ponder, this kind of thinking is only useful for a close economy. U are wrong to use it to Singapore economy, and write so much insult on me.///
Hey, MEE thinks u really nvr bring your "old flowers specs lor" ......
Or choose to "sneak a fast one pass" the oldies in msn .......?
Read carefully, will u Anon 7.26pm? (AnyboLEE has "old flowers specs" ...... can lend temporarily to Angkor Anon 7.26pm?)
Mee wrote @ 1.42pm {If we extend the IS-LM framework to the IS-LM-BP (Balance of Payment) framework, there are even more uncertainties and exogeneous external factors?}
Can read properly?
Is the IS-LM-BP framework analysis about OPEN or CLOSE economy?
IS-LM-BP framework analysis doesn't apply to peesai OPEN economy?
Now, for this serious (reading) "oversight" of yours, u have made the "mosquito puffed up" .......?
Here it comes ...... the 2nd "mosquito (PAINFUL & STINGING) bite" on your cheek ........?
Angkor Anon 7.26pm, a word of encouragement:
"To ERR is human" ......?
And this is just cyber world online social media limkopi "TKSS" (talk cock sing song) ......?
Dun take it too seriously .......?
Mee is taking the trouble to "correct" your "errors-ridden" assertions bcos if come 2020/ 2021GE, oppo people talk like that (erroneously) on the economy, (and tell voters they will run the economy BETTER than the incumbent), how fast and how many percent more (of the electorate) will run into the open arms of the papigs ......?
Mee does not "deny" your "contributions" in msn in the past years ......
(In fact, MEE "enjoyed" some of the comments you made .......?)
But a spade is a spade .....?
Otherwise, voters might think many oppo are "morons" and can never be given the chance, no matter how much the elite scholars "torture" sinkies in terms of endless tax and price increases ........?
So after this "sparring", we may bump into ...... happy hours ...... drink stouts (mix) with heineken together ........?
Like those ah peks in kopi shops with 15 empty beer bottles on their table and counting ......?
3) Anon 7.26pm, u wrote: //I tell u, u better go to read more about these silly economic theory at economic 101. It cannot be use for real economy. U think those ministers are so silly like u.
I u cannot think of wages and salary to aggregate income, u are nothing. Go to read labor economics then come to insult me.//
Ha ha ha
Angkor, your knowledge of Economics at best is stuck at the 1980s/ 1990s level lah .....
Now no more "economic 101" le ......?
It is "EC1101E" ........?
And "IS-LM" is not taught in "economic 101" lah .......?
Go check it out ...... the correct module ......?
Heard of "EC2102E" and "EC3102E" and "EC4102E" .......?
Sad to say your knowledge is very "rusty", very "outdated" and totally not "updated" at all ......?
"Blurp ...... blurp ...... blurp ........" .......
(The mosquito stomach very big ...... very full le .......)
Mee doesn't matter readers think u are correct ...... better still ..... if they do?
Cheers
Good nite .....
So lo(oooooooo)ng .......
PS, Anon 7.26pm, there are (still) several erroneous assertions in your comments (but mee not gg to point out one by one le cos "mosquito" very full le .....)
Let readers figure out themselves bah?
At some point earlier, u insinuated that "someboLEE is not rational" ("and running an irrational thinking economy"), then now u flipped and say "U think those ministers are so silly like u."?
So are they "rational or irrational"?
"Silly or not silly"?
Since when u learned "flipping" plata?
We believe in succeeding by your own merits and individual efforts.
But at the same time, we also believe in GRC and getting into parliament by riding on somebody else's coat-tails.
It all depends on what someboLee says.
Hypocrisy anyone?
Pap most famous slogan.
"D more u have.D less u get."
1970s stop at 2 children slogen.
@ Anonymous March 08, 2017 7:11 am
//I fuck my husband in a bungalow.
But for all you poor people, you can fuck your husband in a small space to make YOUR baby.//
From the comment of the (same) Ano at 4.45pm and 7.26pm, where got oppo "open frenly fire and shoot at own fella bloggers" ......?
Think oppo co-drivers "well fed by drivers" now "helping drivers" screwty sinkies oso?
Otherwise, why (same) Anon 4.45pm & 7.26pm want to "open fire on fella blogger" who was skeptical about the timing of the garment's 30% tax increase TIMING?
Politics "super dirty lor"?
Before step onto "battlefield and face the counter party", mb already kena "shot by frenly fire" and "go see maker liao"?
Think the masses no hope le?
External Debt and How It Affects the Citizens
Introduction
Singapore is the World’s Top 9th Nation with the highest External Debt of US$1.76 trillion. Some people are shock, some says take it easy. Both are right, depending on what angle you are looking at.
Definition
External Debt means foreign debt. It is the total debt a country owes to foreign creditors. It includes money owed to private commercial banks, other governments, or international financial institutions like the IMF and World Bank. The debtors can be the government, corporations or citizens of that country.
According to the IMF, External Debt is the amount of outstanding contractual liabilities of residents of a country to non-residents to repay principal, with or without interest, or to pay interest, with or without principal.
The definition of External Debt does not distinguish between principal payments or interest payments, or payments for both.
Residence
To qualify as External Debt, the debt liabilities must be owed by a resident to a non-resident. Residence is determined by where the debtor and creditor have their centers of economic interest and not by their nationality. In Singapore, 'resident' includes permanent residents.
Classification
External Debt is generally classified into four groups:
(1) Public and Publicly Guaranteed Debt
(2) Private non-guaranteed Credits
(3) Central Bank Deposits
(4) Loans due to the IMF
External Debt Sustainability
Sustainable Debt is the level of debt which allows a debtor country to meet its current and future debt service obligations in full, without recourse to debt rescheduling or the accumulation of arrears and without compromising growth.
According to IMF and World Bank and IMF, bringing the net present value of external public debt down to about 150% of a country's exports or 250% of a country's revenues would help eliminate this "critical barrier" to longer-term debt sustainability.
Singapore's Exports was US$42.8 billion and Revenues was US$68.4 billion for 2016. That means a healthy External Debt for Singapore is between US$64.3 billion and US$171 billion. Out of the US$1.76 trillion, government debt is already above US$420 billion. That means it is not sustainable. This is something to worry about! Those who are inclined to cover up for the govt are bound to brush it aside by using 'smart' explanations.
High External Debt is Harmful for the Economy.
In general, higher external debt is a drag on economic growth. When the Singapore dollar falls or when interest rates go up, interest-payment for the External Debt will rise correspondingly. The government stimulates the economy by spending lots of money. When interest-payment rises, it becomes more expensive to stimulate the economy. The government will have to reduce spending - cut benefits, incentives, transfer payments - and increase taxes. That slows down the economy, weakens the job market and propels inflation.
How Does Higher External Debt Affect Ordinary People?
When the overall economy slows down, money circulation gets smaller, which means purchasing power has been reduced; that means the quality of life for most people has to be reduced.
High External Debt is a reflection of high income inequality in the country. Borrowing becomes the alternative to finance the needs of those whose income, are insufficient to meet their daily needs.
Currency fluctuations affect the repayment of External Debt. If a country's currency keeps going down in value, then the amount of repayment (principal and interest) increases by the difference in exchange rate.
High External Debt also reflects high cost of doing business and high cost of living. As a result of having to service the loans, businesses and individuals have to pay an extra amount of money (interest). That means business cost and cost of living are also increased by the amount of interests they have to pay.
@ 10.02am //Singapore's Exports was US$42.8 billion....//
Common sense will tell this figure sthg wrong?
Is there a missing zero ......?
Ha ha ha ......
(This type of (erroneous accounting std ......
Bankrupt lo ......?
One of the cardinal sin in accounting is missing a zero or some zeros at the back?
Can u imagine u deposit 500,000,000,000 and the teller miss one zero at the back on her accounting?
Siao liao lo?)
One of the unforgiveable sins is to rob the people of their blood and sweat savings.
Allowing 2 million foreigners to come here to scoop money to bring home is like digging a big hole in the bank vault. These stupid fools still did not know how to plug this hole.
@AnonymousMarch 08, 2017 10:45 am
//Allowing 2 million foreigners to come here to scoop money ...//
Not only scoop $$$ .....?
Sinkies taxpayers still must pay more than half billion $$$$$$ annually to school, educate, feed, buy books, ...... for foreign students?
To add insults to (blueblack) injuries, sinkies taxpayers and parents still must pay few thousand dollars$$$$$$ to and fro air fares for the foreign students holidays back in their home town and reunion with their families when sinkies parents each year need to cough up thousands$$$$$ for their own children overseas school trips ......?
Stupity got (any medicine) to cure or naught?
Yew tell MEE lah?
Peesai no hope le?
When hope is gone, nothing matters liao?
Old farted when alife said peesai cunt khor survive till sg100?
May not be around le?
That's what old farted said right?
Can eat or drink faster do it?
Angkor Patrait,
Tonite we deink 2gaythe at 10-pee-nise st 21 kopi shop, ok?
Lost all hope on peesai le ......?
Your mp said water very scarce nid up 30%?
Got 1 day live 1 day bah?
Got 1 hr live an hr bah?
Got 1 min live 60 sec bah?
No drunk nvr goa home?
This life wasted le in one old farted absurd peesai?
Lucky GE 2015 nvr waste time attended any wonkers panty rally?
But watch some lightning show at q'stown, buttock, bullock?
Heng ah ......?
绝望了
Want to tax, tax bah?
Already numb liao?
When numb le, tax 1 time or 1,000,000 times any diff?
Go ahead tax and "rob" the blood, sweat tears $$$ from NUMBed sinkies bah?
Rb //Water price hike and new social behaviour.....//
Yes?
Go public pool shower, on tap 3 hours?
At hm, shower 30 sec?
Go public toilet Pee And Poo one time flush 100 times?
At hm P(ee)A(nd)P(oo) 100 times, flush 1 time?
There is a sanitary product in the market called 'Zero Flush' urinal, can pee many times no need flush & when dirty the cleaner just flush with water but it's stinky. Back to the old days when a 'dung man' come to collect all the poo in the toilet poo bins no need flushing but super stinky & unhygienic with dung flies all over the toilets ( sooner or later the garmen gonna implement this but who collect poo, bangla? Dun think they wan the job too), another way make portable toilet bowl & when poo full throw into the hdb bins & sembwaste come collect --they will charge higher domestic refuse by then..
Businesses will pass down the costs. Price will inflate and so will GST collection. So simple for rulers to milk more money.
If Chinese rulers are good, why our ancestors flee out from China? Even after 100 years, many chinese still want to migrate out from china.
Chinese rulers should adopt christainism and abandon marxism to become more acceptable to mankind.
Jesus was from Mid east and Karl Marx was from germany thus the west. China should adopt eastern ideology and not the harmful western ideology.
Anonymous March 08, 2017 10:39 am
//One of the unforgiveable sins is to rob the people of their blood and sweat savings.//
30% Water Tax,
让Sinkies心碎,
曾经有过的梦,
一瞬间被刺破,
今后的血汗钱,
越来越多被抢,
剩的不够糊口，
战战兢兢度过，
余生没了希望,
瞬息芬荣零落，
树凋枝枯叶残,
处处民不聊生，
民间哀声震荡,
黄昏日落夜致,
每家每户不全，
昔日笑声不在。
//One of the unforgiveable sins is to rob the people of their blood and sweat savings.//
Who's going to punish them?
Certainly not the Singaporean voters.
Me no went school studied long long.
However, l oso think Sin very hard to live long as a nation.
Because the Rulers are greedy
and
the Sinkies are daft.
So,
naturally the Daft will
be milked dry by the
Greedy Rulers and end
as serfs.
Sin shall be like the
Land where Moses got
his Ten Commandments.
Sin probably needs
Fifteen Commandments
or more to include no
cronyism and nepotism.
patriot
Sin will return to malaysia one day once they deislamised. They were originally hindus/buddists nation but was conned into islam.
Bing translate:
"30% Water Tax,
Sinkies heart
Had a dream,
Blink of an eye was punctured,
Hard earned money in the future,
More and more being robbed
Enough left to make a living,
Trembling spent
Life has no hope,
Fen shattered the moment,
Trees withered leaves residues,
People everywhere,
Folk cry of shock
Sunset caused by night,
Each household is not complete,
Laughter is not the past."
Google translate:
"30% Water Tax,
Let Sinkies heartbreak,
Have ever had a dream,
A moment was punctured,
Future hard-earned money,
More and more robbed,
Left enough to make ends meet,
Battle,
The rest of my life did not hope,
Instantly fragrant,
Tree withered leaves,
Where people are destitute,
Folk cry,
Evening sunset night,
Each household is incomplete,
Old laughter is not there."
Ah Cow said in parliament that Sinkies transport fares gonna increase akan datang..70% dafts got the garmen they deserve, 30% kpkb..
Haha....
Mr b getting religious today.
This atheist unker likes to say religion adds much complication and conflict to living. lt is a highly undesirable man created abstract element.
Human needs humanities and humanism and just be human to live with fellow beings, no neccessity to be superstitious.
Just watch Aerial Asia about Sin hours ago. lt was a dazzling display of its developments in the Last Two over Decades. As expected, there is claim that Sin was a fishing village. Ironically, it also narrated the Works done by Stamford Raffles since 1819 which made Sin into a thriving entrepot port and most advanced South East Asian State since then.
Indeed there are glowing assets all over the Tiny Rock today. As l had said before; there are maybe another 2 to 3 decades to build Sin and sell.
Sin shall prosper; unfortunately few Sinkies will be benefitting from the Prosperity. ln fact many shall have to suffer
from rising costs of living and maybe more structural unemployment.
Me am of the View that much of the Assets developed and are being develop may become liabilities in future.
But,
there are many Sinkies telling me that there CANT be a better place
on Earth.
l wish them the Best.
patriot
Amendment to the following:
External Debt Sustainability
Sustainable Debt is the level of debt which allows a debtor country to meet its current and future debt service obligations in full, without recourse to debt rescheduling or the accumulation of arrears and without compromising growth.
According to IMF and World Bank, bringing the net present value of external public debt down to about 150% of a country's net exports, or 250% of a country's revenues would help eliminate this "critical barrier" to longer-term debt sustainability.
Singapore's net exports was S$42.8 billion, and revenues was US$68.4 billion for 2016. That means a healthy External Debt for Singapore is between S$64.3 billion and US$171 billion. Out of the US$1.76 trillion, government debt is already above US$420 billion. That means it is not sustainable. This is something to worry about! Those who are inclined to cover up for the govt are bound to brush it aside by using 'smart' explanations.
Net Exports = Total Exports minus Total Imports
As I was saying above about assets becoming liabilities, the Defunct
Tang Dynasty City was a classic example.
Built at a cost of about $100 millions in the 90s, it was demolished about a decade ago when it failed to fulfill its' intended purpose.
Since then and or before, many other artificial structures were built, amongst them the Sentosa Sea Aquarium which had just recently closed down. Others that I can foresee as potential candidates for demolitions in future shall include the Ferris Wheel, Garden by the Bay and much of Sentosa. There is also no guarantee that the Integrated Resorts at Sentosa and Marina will not suffer similar fate or be transform to other purposes.
I will even go as far as to say even some of the Airport Terminals at Changi could become liability in time to come. Maybe, the demolished Budget Terminal did not count as one.
The Beauty and Viguor of ones' youth are definite.
All ends sooner or later, however, too ambitious and too much artificial intervention, hothousing
and steroid boosting could hasten demise by a big margin.
lt shall be very lamentable.
patriot
The intelligent, smart and clever who know they are intelligent, smart and clever, tend to become cunning. When they have the power to influence events and affect the lives of millions and control the money of trillions of dollars, they tend to make use of their cunningness again and again until they they are so good at it that they can easily mesmerize the masses like a cobra doing it to a unwitting, helpless little rat. From then onwards, the road to unfettered power, and, therefore, unfettered intelligent accounting and intelligent accountability follow seamlessly. The masses would simply become so powerless that there is nothing they can do to get out of this limbo of state of existence. The the exploitation and manipulation begin.....
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