Don't worry; be happy
The Singaporean economy is stuffed. Exports are collapsing, but the SGD keeps strengthening. House prices are off 20%. Bad debts are on the rise.
But don’t worry, says Pravda - the price of a cup of kopi (the horrible local coffee made with condensed milk) is still just 80 cents! Unchanged from February! Nothing to worry about! EVERYTHING IS OK!
_THE Maritime and Port Authority of Singapore (MPA) has asserted that there are no lay-ups in local port waters, in response to The New York Times (NYT) claiming that there are 735 ships idling just outside our port.
According to Captain M Segar, group director (Hub Port) of MPA, there have been no lay-ups in the port and that port dues are structured to actively discourage laying-up._