Reuters, 10 Feb 2009, Gillian Murdoch
SINGAPORE (Reuters Life!) - Not content with a $13.7 billion financial stimulus package, Singapore has unveiled a raft of economic recovery schemes with titles so perky they are almost "comical," the Straits Times newspaper reported on Tuesday.
"Like a line-up of cheerleaders, each one perkier and more exuberant than the last, the parade of acronyms bordered on the comical," the national paper reported, noting that they helped lighten the mood in parliament.
The small southeast Asian state, well-known for its government's love of officious-sounding acronyms, became the first nation in Asia to declare a recession in October 2008. In January, its prime minister said it may not come out of the recession this year.
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