While majority of Singaporeans are not affected by the current economic crisis, signs of pay-cuts, shorter work weeks, suspension of operations, forced leave are all leading to one bad thing…RETRENCHMENT!!. Unlike the big companies, SMEs here are trying their best not to retrench their staffs due to lesser manpower. But to an extend that these [...]
Posts Tagged ‘Recession’
Well, just last month the govt have declared recession in Singapore. Which means S’poreans are likely to spend less…e.g. may think twice before buying a car, go on an expensive holidays or just doing lesser shopping…NOT!! With COE, car & petrol prices dropping to a record low, some say its the best time to buy [...]
