Cempaka Business and Economy: Singapore unveils $13.6 billion stimulus package

"A Summary" – Apr 2, 2011 (Kryon channelled by Lee Carroll) (Subjects: Religion, Shift of Human Consciousness, 2012, Intelligent/Benevolent Design, EU, South America, 5 Currencies, Water Cycle (Heat up, Mini Ice Ace, Oceans, Fish, Earthquakes ..), Middle East, Internet, Israel, Dictators, Palestine, US, Japan (Quake/Tsunami Disasters , People, Society ...), Nuclear Power Revealed, Hydro Power, Geothermal Power, Moon, Financial Institutes (Recession, Realign integrity values ..) , China, North Korea, Global Unity,..... etc.) - (Text version)

"The Timing of the Great Shift" – Mar 21, 2009 (Kryon channelled by Lee Carroll) - (Text version)

“ … Here is another one. A change in what Human nature will allow for government. "Careful, Kryon, don't talk about politics. You'll get in trouble." I won't get in trouble. I'm going to tell you to watch for leadership that cares about you. "You mean politics is going to change?" It already has. It's beginning. Watch for it. You're going to see a total phase-out of old energy dictatorships eventually. The potential is that you're going to see that before 2013.
They're going to fall over, you know, because the energy of the population will not sustain an old energy leader ..."

"Update on Current Events" – Jul 23, 2011 (Kryon channelled by Lee Carroll) - (Subjects: The Humanization of God, Gaia, Shift of Human Consciousness, 2012, Benevolent Design, Financial Institutes (Recession, System to Change ...), Water Cycle (Heat up, Mini Ice Ace, Oceans, Fish, Earthquakes ..), Nuclear Power Revealed, Geothermal Power, Hydro Power, Drinking Water from Seawater, No need for Oil as Much, Middle East in Peace, Persia/Iran Uprising, Muhammad, Israel, DNA, Two Dictators to fall soon, Africa, China, (Old) Souls, Species to go, Whales to Humans, Global Unity,..... etc.)

"The Recalibration of Awareness – Apr 20/21, 2012 (Kryon channeled by Lee Carroll) (Subjects: Old Energy, Recalibration Lectures, God / Creator, Religions/Spiritual systems (Catholic Church, Priests/Nun’s, Worship, John Paul Pope, Women in the Church otherwise church will go, Current Pope won’t do it), Middle East, Jews, Governments will change (Internet, Media, Democracies, Dictators, North Korea, Nations voted at once), Integrity (Businesses, Tobacco Companies, Bankers/ Financial Institutes, Pharmaceutical company to collapse), Illuminati (Started in Greece, with Shipping, Financial markets, Stock markets, Pharmaceutical money (fund to build Africa, to develop)), Shift of Human Consciousness, (Old) Souls, Women, Masters to/already come back, Global Unity.... etc.) - (Text version)

“… The Shift in Human Nature

You're starting to see integrity change. Awareness recalibrates integrity, and the Human Being who would sit there and take advantage of another Human Being in an old energy would never do it in a new energy. The reason? It will become intuitive, so this is a shift in Human Nature as well, for in the past you have assumed that people take advantage of people first and integrity comes later. That's just ordinary Human nature.

In the past, Human nature expressed within governments worked like this: If you were stronger than the other one, you simply conquered them. If you were strong, it was an invitation to conquer. If you were weak, it was an invitation to be conquered. No one even thought about it. It was the way of things. The bigger you could have your armies, the better they would do when you sent them out to conquer. That's not how you think today. Did you notice?

Any country that thinks this way today will not survive, for humanity has discovered that the world goes far better by putting things together instead of tearing them apart. The new energy puts the weak and strong together in ways that make sense and that have integrity. Take a look at what happened to some of the businesses in this great land (USA). Up to 30 years ago, when you started realizing some of them didn't have integrity, you eliminated them. What happened to the tobacco companies when you realized they were knowingly addicting your children? Today, they still sell their products to less-aware countries, but that will also change.

What did you do a few years ago when you realized that your bankers were actually selling you homes that they knew you couldn't pay for later? They were walking away, smiling greedily, not thinking about the heartbreak that was to follow when a life's dream would be lost. Dear American, you are in a recession. However, this is like when you prune a tree and cut back the branches. When the tree grows back, you've got control and the branches will grow bigger and stronger than they were before, without the greed factor. Then, if you don't like the way it grows back, you'll prune it again! I tell you this because awareness is now in control of big money. It's right before your eyes, what you're doing. But fear often rules. …”

Thursday, January 22, 2009

Singapore unveils $13.6 billion stimulus package

The Jakarta Post, Alex Kennedy, The Associated Press, Singapore | Thu, 01/22/2009 6:39 PM

Singapore's government unveiled a multibillion dollar plan to boost spending and cut taxes in a bid to ease the worst recession in the city-state's history.

The government will lower corporate taxes, subsidize wages, guarantee bank loans and spend more on infrastructure as part of the $20.5 billion Singapore dollars ($13.6 billion) stimulus package, Finance Minister Tharman Shanmugaratnam said Thursday in a televised speech.

The spending surge will widen this year's fiscal deficit to a record for Singapore and will be partly paid for by tapping SG$4.9 billion of reserves, he said.

"Our key objective in this package is to help Singaporeans keep their jobs," Tharman said. "We have to expect many more jobs to be at risk this year."

Singapore slashed its 2009 growth forecast Wednesday for a second time this month, saying the economy could shrink as much as 5 percent as global demand for the country's exports collapses.

The ruling People's Action Party, which has governed Singapore since it split from a federation with Malaysia in 1965, is hoping the stimulus package's array of tax cuts and rebates will put cash in pockets of consumers and resuscitate domestic demand.

The plan includes a 0 percent personal income tax rebate of up to $2,000 per worker and a range of other tax reductions.

Tharman said the country's fiscal deficit would balloon this year to SG$8.7 billion, or 3.5 percent of gross domestic product, from SG$2.2 billion, or 0.8 percent of GDP, last year.

"We did not anticipate the speed and scale of the deterioration in the global economy in the last six months," Tharman said. "We're likely to experience the deepest recession in Singapore since our independence."

The government will spend SG$5.1 billion to help companies avoid layoffs, highlighted by a cut of the maximum corporate tax rate to 17 percent from 18 percent.

It also plans to subsidize 12 percent of the first SG$2,500 of each employee's monthly wages, boost training programs, hike cash handouts to low-income workers by 50 percent, and increase public sector hiring.

The government will also assume 80 percent of the risk on private bank loans of up to SG$5 million to help spark lending and investment.

"We do believe that the multi-pronged approach should help shore confidence some what," said Prakriti Sofat, a analyst with HSBC in Singapore.

The city-state will also boost aid to welfare recipients, government pensioners and students, and invest SG$4.4 billion in infrastructure projects such as the subway system, roads, public housing, parks and military facilities.

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Thursday, January 22, 2009

Singapore unveils $13.6 billion stimulus package

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