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mrdata0101
QUOTE
The Associated Press
Published: February 15, 2009

SINGAPORE: Singapore Airlines Ltd. said it will suspend flights to Vancouver, Canada starting in April as the global economic slowdown erodes demand for travel.

The carrier flies to Vancouver through Seoul, South Korea three times a week. The suspension is indefinite, and the last flight will be on April 25.

"The decision to suspend service is most regrettable, as Singapore Airlines has served Canada for over 20 years," the airline said in a statement Saturday. "However, the economic conditions and performance on the route have been badly affected by the global economic downturn."

Singapore Airline said last month that it planned to cut flights to the U.S., Europe and Asia as demand dried up. The airline said last week its October-December profit fell 43 percent as it flew 4.2 percent fewer passengers.

Singapore is facing its worst recession since splitting from Malaysia in 1965 as exports plummet. Gross domestic product shrank a seasonally adjusted, annualized 16.9 percent in the fourth quarter, and the government expects GDP in 2009 to contract as much as 5 percent.


tangawizi
QUOTE
Singapore is facing its worst recession since splitting from Malaysia in 1965 as exports plummet. Gross domestic product shrank a seasonally adjusted, annualized 16.9 percent in the fourth quarter, and the government expects GDP in 2009 to contract as much as 5 percent.


i guess that means we had a pretty bad recession juz before we split from malaysia in 1965?? confused.gif
mrdata0101
QUOTE(tangawizi @ Feb 16 2009, 11:04 AM) [snapback]4132287[/snapback]
i guess that means we had a pretty bad recession juz before we split from malaysia in 1965?? confused.gif


embarassedlaugh.gif
I think the last part of the article is confused.
swingdoctor
QUOTE(tangawizi @ Feb 16 2009, 11:04 AM) [snapback]4132287[/snapback]
i guess that means we had a pretty bad recession juz before we split from malaysia in 1965?? confused.gif

laugh.gif

No I think its because before independence Singapore's GDP was part of Malaysia's and not calculated independently.
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