Visitor arrivals to Singapore dropped 4.1 percent to 739,000 in September from a year ago due to the global economic crisis and the downturn could continue into next year, said the Singapore Tourism Board (STB) on end of October. As a result of this, some friends from Myanmar who came and find tourism job like ticketing or some posts in hotel, they cannot get good job and they need to even return back to Myanmar.
For credit crisis, DBS, Citi, HSB, OCBC etc are “greedy like hell” Everywhere they hold road shows to sell new deposit attractions and offer you to open Credit Card Accounts with them. At MRT, young part time workers, mostly university students hand me forms.etc. trying to get business. Yesterday, I found out young part time workers from citi bank trying with smiley face without tired. As I have already planned to open bank account in POSB bank, so as to save with low deposit.
Luckily, in Myanmar, mostly ordinary people don't know and understand about current global economic climate and then they can be happily and enjoy as usual. But some of family whose family members are working in oversea countries, are worrying about their's dependable buddy if he/she need to return back to Myanmar as a result of job cutbacks. Some families depending on overseas remittances may be in a very tough situation. But tourism in Myanmar, there are many tourist arrivals since starting of this month November. As I heard and know, all hotels are occupied fully and many tourism companies are handling tour packages with big groups as normal peak season. Feel better. If not, some big companies with huge overheads who wait and see tourism condition, want to closed their company after December if they cannot survive without jobs.
Wish people from all over the world, may overcome this current global economic crisis and got peaceful lives at soonest
Praying and praying also for myanmar people, even they cannot yet keep pace with advancing world, they may feel better like this.