Casinos have benefitted Singapore's economy' : Lim Boon Heng
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get all industreies service to manufacturing!!make $$$$ for all citizens and everyone be happy is all dats needed. throughout history of mankind from china manufacturing of porcelain in dynasties....these were what n how gold ended up in china and the country somewhat prospered. all human civilisation needed manufacturing in the past to present.even if u could get a printer to build physical objects at home u still need people to build n asssemble that special gizmo. aircrafts to zips.they all make $$$ .thats bwhy they have a finNCIAL economic feasibility b4 setting up company in spore.this is usually done by the accountants of corporations from spore and overseas corporation. big companies like AMD wouldnt want to build their microchips in spore as they would find it not economicallly viable as they can get it cheaper elesewhere. so it boils down to that people in that country.if that country has people who can only plant veggies n butcher cows.....what kinda industries do u think they have??agriculture of course! and if another country has people who can design,build machines like breathing air.then that country is engineering with manufacturing in it. and if another knows only macdonalds,stock exchange of spore>>>>service industries...of course.if country can do it as easily as breathing air then u get the best $$$$$ making industries.... its economic feasibility if people in that
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Originally posted by Clivebenss:
The casinos have a negative impact on society. We are going to face more problems for the few jobs that are created.
These are not high value jobs also. For the thousands of croupiers and waiters, there are only a few professionals, managers, engineers and technicians.
After changing jobs, what else can a croupier or waiter work as? Bound to MBS forever.
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Originally posted by Rock^Star:
well i'll just answer sbst and elite hitman together ya.
Those swedish conglomerates mentioned no doubt are mega brands but they dwarf in comparison to the service sector. Just do some research and one will find that many of the developed economies, especially the european ones are focused highly on service sectors....say 70% easily? Well, I'd like to think of taiwan too as one with a high focus on services eg tourism and entertainment with the manufacturing sector easily in their shadows.
And what do we mean by a service economy or a manufacturing economy? Does it means it's entirely services or manufacturing in that respect? No lol....hope we understand that. Nobody says we should do away with manufacturing too...that's suicidal! It's just a re-shift of focus. Perhaps that's why Tan Jee Say was misunderstood too.
drawf is one thing. But fact is they can't be totally replaced by services sector.Furthermore start playing w/ risk mgmt, you would know it's neither a good gamble to be fully dependent on service sector.
If one wants to focus more, should start onto the SMEs. There's some rationale onto this
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Originally posted by sbst275:
drawf is one thing. But fact is they can't be totally replaced by services sector.Furthermore start playing w/ risk mgmt, you would know it's neither a good gamble to be fully dependent on service sector.
If one wants to focus more, should start onto the SMEs. There's some rationale onto this
well, of course we shouldn't be wholly dependent on one sector...that's like the old adage of putting all the eggs into one basket. Problem is, if you rely too much on manufacturing for a developed economy, wages are going to be continuosly low. So that's what people get if they vote PAP. Which MNC isn't here on our shores because we offer skilled albeit cheap labour? By that, I'm talking about our engineers too.
Of course, if the idea is to give Singapore a very high population, then labour is needed and the shift of emphasis on services won't come about anytime soon. Manufacturing expansion suits PAP's strategy on import of foreigners to a T.
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Originally posted by Rock^Star:
well, of course we shouldn't be wholly dependent on one sector...that's like the old adage of putting all the eggs into one basket. Problem is, if you rely too much on manufacturing for a developed economy, wages are going to be continuosly low. So that's what people get if they vote PAP. Which MNC isn't here on our shores because we offer skilled albeit cheap labour? By that, I'm talking about our engineers too.
Of course, if the idea is to give Singapore a very high population, then labour is needed and the shift of emphasis on services won't come about anytime soon. Manufacturing expansion suits PAP's strategy on import of foreigners to a T.
In fact contary my believe, manufacturing sector in some ways has better edges as in you can find ways to improve productivity be in work flow or machinary.W/ a local maybe broad it out, engineering industry you can do test trials of new systems locally. Things like thermal scanners came from our local engineering/ science labs.
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wages is one issue, but if you shift your entire focus away from manufacturing sector, the cons weigh more than e pros
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Originally posted by sbst275:
wages is one issue, but if you shift your entire focus away from manufacturing sector, the cons weigh more than e pros
wah lau eh....how many times u wan me repeat sia lol. I said not shift the entire focus away la.
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Originally posted by sbst275:
drawf is one thing. But fact is they can't be totally replaced by services sector.Furthermore start playing w/ risk mgmt, you would know it's neither a good gamble to be fully dependent on service sector.
If one wants to focus more, should start onto the SMEs. There's some rationale onto this
I'm conflicted over SMEs. SMEs are not as resilient in recessions, they have fewer revenue bases, they are less able to raise money and so on. MNCs generally give better pay and work experience.
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Originally posted by likeyou:
Future generation will find it easily accessible to the casion in future.
$100 for them will be like nothing.
More social problems.
The $100 will be raised. :)
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Originally posted by alize:
I'm conflicted over SMEs. SMEs are not as resilient in recessions, they have fewer revenue bases, they are less able to raise money and so on. MNCs generally give better pay and work experience.
the ironic problem is they take up most of the employment name roll. -
Originally posted by sbst275:
the ironic problem is they take up most of the employment name roll.Shows that we have such an excess of workers that non-viable companies can set up here. Yet we import more workers.
This is GDP-focused growth at it's best.
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Originally posted by alize:
Shows that we have such an excess of workers that non-viable companies can set up here. Yet we import more workers.
This is GDP-focused growth at it's best.
Your thinks MNC gives your better job..
Let me point out wat's going on in Japan.. Yes in the car city.
Toyota is only the assembler.. Their car headlights, bumper, etc are all made by local SMEs.
Over here. Think again, say GE the campaign poster, if it's not done by SMEs then who's going to do it?
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That's where you happen to have SMEs who meet Toyota's standards and get to supply a giant. But I believe more parts are made by Valeo and now Wanxiang etc than SMEs.
When someone wants to print some banners, it's like throwing a piece of meat to be snapped up by the lowest bidder. I won't generalise but SMEs don't exactly offer upgrading of either themselves or their employees' skills and hence profits / pay.
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Originally posted by alize:
That's where you happen to have SMEs who meet Toyota's standards and get to supply a giant. But I believe more parts are made by Valeo and now Wanxiang etc than SMEs.
When someone wants to print some banners, it's like throwing a piece of meat to be snapped up by the lowest bidder. I won't generalise but SMEs don't exactly offer upgrading of either themselves or their employees' skills and hence profits / pay.
Cos you dun realise their importance as part of the economy -
Originally posted by sbst275:
Your thinks MNC gives your better job..
Let me point out wat's going on in Japan.. Yes in the car city.
Toyota is only the assembler.. Their car headlights, bumper, etc are all made by local SMEs.
Over here. Think again, say GE the campaign poster, if it's not done by SMEs then who's going to do it?
toyota is not only an assemblerthey either own the supporting companies or have shares in these companies
they own bank too
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Originally posted by Icerage:
toyota is not only an assemblerthey either own the supporting companies or have shares in these companies
they own bank too
They can own, but w/ the commonised car spare parts these days it's probably unlikely. -
Originally posted by sbst275:
They can own, but w/ the commonised car spare parts these days it's probably unlikely.
commonised car spare parts?u mean all cars using same parts?
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benefitted the economy but not necessarily the citizens right?
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Eh, why they say casinoes and not IRs anymore?
Oops.
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casinos are a social problem.
Singapore can survive without a casino.
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1 floating casino collapsed alrdy
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Originally posted by alize:
The $100 will be raised. :)
Casino still needs locals to come in to spend money.Rely on foreigners cannot earn much.
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So did Lim Boon Heng cry when he make that statement?
Did Lim & Lim Swee Say visited the casinos, paid the $100 entrance fees to help boost our economy?
It made me cry when I heard Lim Boon Heng's good news that casinos have boosted our economy.
MORE GOOD YEARS! Thank You ex-PM and now honourable SM Goh Chok Tong for giving Durai More Good Years
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Casino can only reduce the money supply in the local economy, more money back in government hands, less money in circulation, less multiplier effect, that's why you see local businesses faltering.
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seems really quiet tonight...everybody at the rallies? heh