Posts Tagged ‘recession’

Investment tips from Lee Kuan Yew.  Wall Street Journal: Singapore’s founding statesman, Lee Kuan Yew, has long been critical of the profligacy of Western governments, even before the recent debt crises in the U.S. and the Eurozone brought the world’s financial system to its knees. But now he’s singing a slightly different tune and advising […]

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. […]

Lee Kuan Yew lectures the mayor of a city considerably larger than his own country.  Straits Times: Singapore will not let up on training more people and having more graduates, even as unemploy ment is climbing during the current global economic crisis, said Minister Mentor Lee Kuan Yew on Wednesday. That is because the country […]

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 in Tokyo.  Straits Times: The recession and how to get out of it – these issues figured prominently when Minister Mentor Lee Kuan Yew met Japanese Prime Minister Taro Aso yesterday. Speaking to reporters after the meeting, MM Lee said: ‘I think Japan and Singapore are equally badly hit. They’re going to […]

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 […]

Lee Kuan Yew on the budget and recession. Straits Times: Saving jobs was uppermost on Minister Mentor Lee Kuan Yew’s mind, when asked his reaction to this year’s Budget. ‘The Budget is meant to save jobs,’ he told reporters during a visit to the East Coast Park. ‘That’s the first thing we have to do […]

A full video webcast of the Clinton-Lee dialogue session is now available on the CGI site.  It’s interesting to note how Lee’s full comments are much more pessimistic than Channel News Asia’s cheery opinion that “Mr Lee expressed confidence that the US Treasury would be able to revive the economy”: “Falling asset prices, people feel […]

A smiling Lee Kuan Yew advises that “We all have to accept some sacrifices and cutbacks“, makes the odd promise that nobody will fall below the poverty line (too bad if you already did?), and trots out the old line about Singapore being so much better than its neighbors.  Straits Times: THE Government will ensure […]