July 23, 2021

11 thoughts on “How good (bad?) is the Singapore economy now? – Hear from the ground! (Part 1)

  1. Rolf,

    It's never fun to be in a room and start writing names of those we should "let go"…

    After that, I ask my mentor who is in another room deciding our names?

    If we are not making or saving money for the company, we are a business cost.

    By the way, the sales at my weekend retail store have been down for several quarters now…

    1. It is painful if u r seeing people having family burden! I seen once and now have to see it again!

      The only

    1. that is a clever move! But it requires one bad experience for you to plan, and learn!

      O&G no bonus how?

  2. Rolf
    worry too much also useless. be prepared for the economy slow down/recession better.

    2 things i feel blessed is: 1st i am holding iron bowl rice job. sway sway just like mike said, pay cut. as long as still holding jobs. then ok

    2nd luckily i dont spend much( no car, no maid, seldom dine out etc) so if really no bonus, no increment. i think i still can 挨 few more years

    1. Hi Yeh,

      The whole idea is not about worrying though it is definitely worrying.

      It is about truely understanding what is happening in the world. And I mean in depth understanding and stand firm in ur conviction as minority while pple r still partying and labeling u as crazy!

      With true understanding of what is happening, then u know how to take appropriate measures and even take advantage of the crisis! Once the storm is over, u stand to benefit in a ethical way.

      Knowing is not sufficient! Even understanding is insufficient. U need to truely believe n then make difficult decisions and actions now that may change ur current lifestyle.

      All these combined are difficult bcos most pple will either think u r over pessimistic or u r worrying uselessly. But it's not that!

      Hope u understand what I m saying!

  3. Hi Rolf

    Make use of your wide contacts to secure a better job in a better industry? Not easy since you are so oily. 🙂

    1. Hi FD,

      Ahhh… No lar, as u correctly pointed out that I m so oily.

      Guess I will never do that unless eventually its my own biz in another industry. My experience and expertise are in this industry, and this may explain why I will be more productive and carry more value if I carry on within the industry.

      If the crisis did not kill me, i m sure I will definitely be stronger in the road ahead.

      Just like I believed both ur wife are gg to be stronger after the recent episode. 🙂

  4. Hello Rolf,

    It sounds really bad in the O&G industry. I work in a global tech company. So far, there is no rumour of any layoff…yet. Hopefully, things will pick up soon.

    The current state of Singapore's economy reminds me of the haze that engulfs our city state. Makes the sky look so moody. Wish for brighter days ahead.

    All the best!

    1. Hi SS,

      Indeed it is bad and hope things will pick soon. Good to hear that life is as usual if not better for u. Maybe 3 ways to dea with the haze!

      1) to wait for the wind of change (beyond our control)
      2) to prepare and stock up masks, purifiers, more air-con expenses n servicing etc (within our control)
      3) to convince/collaborate w the neighbours (can be beyond or within control – longer term)

      I believe Singaporeans are able to achieve 2) & 3), given our intellect and EQ!

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