Posts Tagged ‘economy’

Lee Kuan Yew changes his mind about the election results.  CNA: Singapore’s former Minister Mentor Lee Kuan Yew does not think a more populist form of government would have to emerge as a result of the general election in May. Replying to questions on Singapore’s political scene at the Russia-Singapore Business Forum on Tuesday, Mr […]

Lee Kuan Yew on the Japanese and American economies.  As quoted in the Straits Times: Prospects for the American economy:‘There are many opinions on this, but I think the majority opinion, and one which I subscribe to, is that the recovery will not be V-shaped. ‘Consumers are heavily in debt. Their credit cards are unpaid […]

Lee Kuan Yew at the APEC CEO Summit.   The respected, the insightful, the quick-witted and the candid at CNA: Mr Lee was addressing delegates at the APEC CEO Summit in Singapore on Friday evening. The dialogue lasted just under an hour and touched on wide-ranging issues. Businessmen, academics and government officials gathered at the dialogue […]

Lee Kuan Yew’s next economic prognostication.  ST: SINGAPORE’S economy may grow by 3 per cent next year and Singaporeans must be prepared for slower growth for several years, said Minister Mentor Lee Kuan Yew on Sunday. In a speech at the Tanjong Pagar GRC Tree Planting Day at Henderson Heights, he said Singapore will not […]

Lee Kuan Yew at another business forum.  CNA: “I don’t think the world’s future will be decided by either Islamic fundamentalism or Christian reaction to it,” he said. “The big countries do not fight each other because they all have got nuclear bombs. Your contest in the future will be an economic one – who […]

Opinion piece by Lee Kuan Yew, syndicated in the Malaysia Insider: Small economies such as Singapore have no alternative but to export and grow, because their domestic markets are too small. After the first quarter, Singapore expected its decline to be -6 per cent to -9 per cent, but in the second quarter exports recovered. […]

More Lee Kuan Yew in Tokyo.  Straits Times: MOST Asian economies are unlikely to see a consumer-led recovery as it will take a long time for Asians to raise their level of consumption, Minister Mentor Lee Kuan Yew told an international conference here on Friday. … But the Minister Mentor said: ‘I do not believe […]

Lee Kuan Yew goes sightseeing in Singapore.  AsiaOne: THE Singapore Flyer had a special guest yesterday – Minister Mentor Lee Kuan Yew, who boarded the world’s largest observatory wheel to experience both the sunset and night rides. MM Lee, on his first visit to the 165m high, $240-million Flyer which opened a year ago, had […]

The SDP’s indefatigable Chee Soon Juan courts defamation suits yet again by pointing out that the emperor has no clothes.  Part 1: There’s nothing wrong, of course, about making bad predictions. Let’s be fair, everyone at some point has made calls that have turned out embarrassingly wrong. Mr Lee has made, and will make, his […]

Lee Kuan Yew once again sounds less than reassuring, but at least he reminds Singaporeans that they can thank him for where they are today. Straits Times: “Singaporeans and their government are not in panic,’ he said. ‘We have got the wherewithal to survive this recession, even if it goes on for several years.” “Singaporeans […]