Feb 28
Last week, there was a harsh report from DBS that Singapore may lose 90,000 jobs due to the worst economic recession in recent decades, pushing the jobless rate to 5 per cent by mid-2010. It was further postulated that the economy may contract 4.8 percent in 2009. Singaporeans have not felt the brunt of the economic hardships just yet. Yes, manufacturing and exports are in the doldrums but many companies are holding back on their layoff plans. Firstly, it is not popular, given that DBS was rou
