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Category: Economy

Whilst Singapore Faces Recession, Malaysia Blusters

10 October, 2008 (16:27) | Economy

Across the causeway, Singapore has unofficially slipped into recession*. In fact the Singapore government has revised its 2008 growth forecast to around 3 per cent from a previous estimate of 4 to 5 per cent.
According to Singapore Prime Minister Lee Hsien Loong :
“Asian countries cannot avoid the impact of weakening U.S., European and Japanese economies,” [...]

US National Debt BREAKS The Clock

9 October, 2008 (14:51) | Economy

The recent economic woes that has gripped the whole world recently has been a subject I have followed quite diligently. And when I find some time to do a writeup on my thoughts on the matter I will.
However for now I want to highlight a fact that I just learnt about today. A scarry one [...]