looks like a recession is indeed coming.
more and more construction projects committed.
latest productivity numbers not good at all as well.
Recession is already here.Originally Posted by carbuncle
TECHNICALLY, not yet.
http://www.businesstimes.com.sg/prem...-dive-20120918
Singapore (18 December 2011) – Ed. Züblin AG, Singapore Branch announced the successful completion of a record-breaking single drive tunnel using pipe jacking method in the Asia- Pacific region.
Züblin was awarded the SGD 23.6 million Submarine Gas Transmission Pipeline Project by Power Gas Ltd., Singapore in January 2011 with contract duration of 24 months. The scope comprised sinking of two deep shafts and an ID2000mm reinforced concrete tunnel over a record length of 1.55km crossing beneath the busy shipping lanes of the West Jurong Channel, including the design, manufacture and supply of precast RC jacking pipes. The tunnel will house a DN700mm high pressure gas transmission pipeline, traversing between the Singapore mainland and Jurong Island.
https://www.youtube.com/watch?v=9PevpS9wmts
In July 1997, piped gas production operation was relocated to the S$240 million Senoko Gasworks. This has a daily production capacity of 1.6 million cubic metres, 45% more than Kallang Gaswork's capacity at 1 million cubic metres. Singapore Power also opened a S$30 million gasholder at Toh Tuck at end March 1998 which serves as a contingency store of between 6 to 8 hrs gas supply should the Senoko operation face problems.
http://infopedia.nl.sg/articles/SIP_750_2005-01-11.html
http://pictures.nl.sg/Results?q=Kall...s+Works&qt=tag
$60 billion Seletar Aerospace Park.
http://www.stproperty.sg/articles-pr...lease/a/154321
at least the $ are spend developing the country.
“Nothing in the world is more dangerous than sincere ignorance and conscientious stupidity.”
― Martin Luther King, Jr.
OUT WITH THE SHIT TRASH
https://www.facebook.com/shutdowntrs
Youth olympic is quite new i do not know how much it would be but olympic expenditure is huge in billions and most countries overshot the budgets. So $300m is not much for youth olympic.
See this for olympic:
http://en.m.wikipedia.org/wiki/Cost_..._Olympic_Games
Last edited by star; 21-02-14 at 21:31.
“Nothing in the world is more dangerous than sincere ignorance and conscientious stupidity.”
― Martin Luther King, Jr.
OUT WITH THE SHIT TRASH
https://www.facebook.com/shutdowntrs
“Nothing in the world is more dangerous than sincere ignorance and conscientious stupidity.”
― Martin Luther King, Jr.
OUT WITH THE SHIT TRASH
https://www.facebook.com/shutdowntrs
Youth Olympics and adult Olympics are two different things. Youth Olympics nobody gives a shit whether the country spend $300 million or $300k and our govt can't see that. My point is Singapore is being taken for suckers without govt knowing, and what more spending $300 million on a useless event with the whole world laughing at our sheer stupidity.
“Nothing in the world is more dangerous than sincere ignorance and conscientious stupidity.”
― Martin Luther King, Jr.
OUT WITH THE SHIT TRASH
https://www.facebook.com/shutdowntrs
The whole world knows Singapore overestimated on yog budget by more than 3 times, you mean this is not laughing stock enough for you? BBC was kind enough to just write it as singapore taking a gamble on the event, short of saying it was sheer stupidity.
http://m.bbc.co.uk/news/10978576
Now that is free advertisement, which cost even more.
True. With 2 over $1b-land sold to developers, why not? $300m is nothing.
http://www.straitstimes.com/breaking...llion-20130905
http://www.h88.com.sg/article/Punggol+gets+a+megamall-condo+after+a+$1+billion+bid
Yee ha! Did I tickle your funny bone?
“Nothing in the world is more dangerous than sincere ignorance and conscientious stupidity.”
― Martin Luther King, Jr.
OUT WITH THE SHIT TRASH
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wats the big deal. its advertising, $ to local business. Which Olympics event not over budget ?
Nahh latest 1... Winter Olympics 4 X over budget
http://edition.cnn.com/2014/02/04/sp...y-the-numbers/
London Olympics 2005 5 X!
http://www.canadianbusiness.com/blog...s-over-budget/
Rios 2016 is already up 27%
http://sports.ca.msn.com/olympics/ri...by-27-per-cent
So tell me something new? and those are in Billions.
WTF is 300M anyway.
“Nothing in the world is more dangerous than sincere ignorance and conscientious stupidity.”
― Martin Luther King, Jr.
OUT WITH THE SHIT TRASH
https://www.facebook.com/shutdowntrs
Yog is beneficial n pro sg initiative for sure. There r intangible benefits. If youth is impt, gov shd spend e equivalent to provide more sub subsidy to pre sch n uni from more practical perspectives to help sporeans to cope rising living stds