The Star Online, 22 Nov 2008, Seah Chiang Nee
The US financial meltdown has made Singaporeans a lot less rich, including 10,000 who lost RM1.2bil of their savings, leading to vocal displays of anger by ordinary investors.
It never rains, but pours; it wouldn’t have been too bad if I were just talking about the weather.
I’m referring to the growing pain that the global financial meltdown is wreaking on this small affluent state.
It has made us – the government and the people – a lot less rich, and pushed the poorer class into deeper dire straits. It has eroded national cohesiveness and widened the economic gap.
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