By: DictatorLKY"If Singapore Inc were a listed company, what would its market cap be? Think about it. My GDP, which is profit earned in a year, is S$210 billion. The price earning ratio on SGX - average is now 20....I calculated if Singapore Inc went IPO, it is a 4-trillion-dollar company. So I think we are well within the right ballpark for what these jobs are worth, as ministers. But whatever the formula, whatever the detailed number, the reality you cannot run away from is that private sector is moving and it's moving up and so must we."
PM Lee is a LIAR, talking about reality check here and reality check there and now can't even understand what is a GDP, as we all know is the final values of the sales of goods and services in a country for the year. In economics terms, it is similiar to the Sales Revenue of a company in its annual report, NOT PROFIT.
If it is really profit, divided by 2 million households - each will get $105,000 dollars!
Who is he trying to kid in the educated public? It is obvious that desperation drives him to throw an astronomical profit figure just convince the public which is clearly immoral.
Has he also gone senile? Does such a person deserves $3M a year?
Even the ST also publishes the news without anyone correcting him. Are they living in a climate of fear? Could they not believe that their PM have made such a collossal mistake? Utter disgrace!
The man has lost it.
ReplyDeleteThe country's GDP (and not "my" GDP) is not equivalent to a company's profit. It is the value of all goods and services produced. This is more like net sales
They have even stopped pretending that Singapore is a country and not a company
GDP = profit earned?
ReplyDeleteWar lau this so call Talent of a PM must have failed his economics at the dummy's guide level.
GDP is a measure of economic activities. At best one would equate to the turnover of a corporation. How can GDP be profit earned?
This comment is an embarrassment to our nation. I can't believe he made such a comment. Obviously it doesn't make sense.
ReplyDeleteEither he is a CLOWN or he treats Sporean as a JOKE.Either way, it is a SAD day for Spore if that is the quality of leaders we have. As for our journalists wannabe, forgive them for they are just wannabe. Actually they function only as a recorder.
ReplyDeleteHe serves the country for the love of it's $ and nothing else!
ReplyDeleteMee siam mai hum.
ReplyDelete'...fix the opposi..."
'nuff said.