Wednesday, April 15, 2009

SINGAPORE RECESSION DEEPER THEN EXPECTED???WHY SHOULD WE CARE???

Singapore recession is way deeper then expected. The country's export shrank by 29 per cent a year this caused the GDP (Gross Domestic Product) falls around 6% to 9% for this quarter.....People might think....Who cares about it?????.....Its Singapore not our country.....BUT....think wisely.....It does makes a difference to our economy.......YES IT DOES.....Believe it or not its true.....The "currency value" as we usually says it...for Brunei and Singapore is the same.....If Singapore is to reduce their "currency value" then automatically it will goes the same to OUR currency.......People might think that Brunei's economy does not affected by the Global Recession....BUT ITS NOT TRUE.......YES we are affected by it too.....but the impact is not that visible......Thanks to the Government of His Majesty that we can still "survive" in the middle of this economic crisis.....Without the subsidies given by Government of His Majesty trust me, I think so me of us might not make through this crisis......Companies will goes bankrupt.....people will lost their jobs.....but we are LUCKY that most of the things that we have now are being SUBSIDISED by the Government of His Majesty......SO PEOPLE......PLEASE BE GRATEFUL OF WHAT YOU HAVE RIGHT NOW as it might not be the same for other people in other parts of the world......You still have your job...You still can feel relax in this situation....But for the others, would they have the same things that we have and would they feel the same feel that we have????Brunei might be the richest in South-East Asia BUT although our country is the richest it DOES STILL AFFECTED by GLOBAL RECESSION..................SO BE GRATEFUL.........

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