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Boring???? Definitely no! I find very refreshing and interesting and most important very honest & frank! Almost every expects of S'poreans' life are 'touch-upon'. It is a reminder to Sillyporean not to be too dependant on the Govt to 'hand-outs' and go out to 'hunt' for yourself (just like looking for good stocks..haha). Only people who always looking for 'Goodies' find the NDR Speech boring, though!
Yes, those in the Water & Envrn Techs will benefit - coys like Keppel, SemCorp and Hyflux. I'll go for SemCorp in this sector.
Petrochemicals is also on the cards. Here i think Rotary can surprise the Market with its experience in 'turnkey projects' for storages & other related services.
I'm positive about the STI (short term). Cheers and happy tradings with good returns.
On the other hand, maybe it will benefit Hyflux ... ?
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PM Lee:
The government is also tapping on research and development to grow new capabilities in three areas - environmental and water technologies, interactive and digital media and biomedical science.
What a boring rally this year! ..... So different from previous ones. Dun think it will help STI tomorrow.
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Singapore's economy to grow and do better over next few years: PM Lee
By Farah Abdul Rahim, Channel NewsAsia | Posted: 20 August 2006 2020 hrs
SINGAPORE: Singapore's economy will continue to grow and do even better over the next few years.
That's the optimistic outlook from Prime Minister Lee Hsien Loong in his National Day Rally speech.
The sustainable long-term growth is estimated to be between 3% and 5%, thanks to major investments like the integrated resorts and projects from the manufacturing sector.
"We have what it takes to succeed, we have a good economic team and our strategies are working," Mr Lee said.
The Prime Minister outlined the good news for the economy, backing it up with examples of big project investments that have been brought into Singapore.
These include the upcoming Marina Sands Integrated Resort and another one in Sentosa, and Shell's new petroleum complex spanning Bukom and Jurong Islands as well as major wafer fabrication investments.
"Why are they here? It's not because we have low wages, it's not because we are competing at the bottom, but we are the best place for high-quality investments; Confidence that the whole system works and if you plonk investments here of a few billion dollars, it will be safe, profitable, people will work and there will be results. Therefore, more projects will come and more jobs and more growth will be created," PM Lee said in his third National Day Rally speech on Sunday.
The government is also tapping on research and development to grow new capabilities in three areas - environmental and water technologies, interactive and digital media and biomedical science.
Mr Lee added that Singapore has the potential to do well in biomedical science as it has a strong base in the sector.
More support will be given for clinical research into patient treatment and applications so that doctors can treat patients better, he said.
Singapore companies were also lauded - not just large companies but also small and medium sized enterprises which are spreading their wings overseas and doing well.
At the same time, as the economy grows, a wide range of jobs are being created for all Singaporeans in the tourism, services and manufacturing industries.
Semi-skilled workers and graduates alike are benefiting from this.
More older and lower-skilled workers are also getting jobs.
But, Mr Lee said, retraining efforts should not slacken, even as more older workers are being hired. - CNA/ir
This Sunday, Prime Minister Lee will be giving his third National Day Rally Speech and as the local economy is still on track to deliver the 6.5%-7.5% growth for this year, we expect the speech to display further optimism towards encouraging pro-Singaporeans schemes and continue to strengthen Singapore's position as a finance and knowledge-based economy with widening focus on culture and fun over the next 10-20 years. On the impact on the market, and depending on the tone of the speech, this could provide a small fillip to the market on Monday.
Source: OCBC
S'pore economy deemed to be rosy this year from PM Lee's 08th Aug ND message. First half growth was 9.4%, full year growth forecast upped to between 6.5 - 7.5% (from previous 5 to 7%).
To maintain the support of the people after May's election victory, there will be some goodies to give out since our economy will 'do well'. Expect more rebates for the low income and eldery as usual.
So far, PM Lee is a generous man, expect him to throw some new surprises this Sunday.
But bad thing is maybe a possible GST hike to 6% next year?
National Day Rally (NDR) speech is not a budget speech, so, there will not be any budget related messages like tax rebate, etc.
It is equivalent to the USA President State of the Nation Address. On NDR, PM will spell out the broad vision for the forthcoming year. As this is a post election NDR, I suspect it will not be so rosy as the previous year (pre election). Probably tell us to brace ourselves for economic slowdown, price hikes, pay/CPF cuts.
more benefits to NS men?
just guessing...
Yup, our advantage is our strict intellectual property laws, which China lacks ....
Year 2018 is a long way, we need a good fat rally soon! :p
I suspose this year rally speech is scheduled on 20th August (Sunday)?.... Wonder what goodies PM Lee will be giving that day to boost our economy.
Maybe he could give STI a 'rally'!