Singaporean businesses "spunking in the face of recession"

The National Day Rally speech by the Prime Minister is one of the most important set-pieces in the Singaporean political calendar.

So there must be red faces this morning on the sub-editing benches at the Straits Times, the government-owned daily newspaper, after someone penned the following headline for a story based on PM Lee Hsien Loong's comments about how resilient Singapore's small-and-medium-sized businesses are:

"SMEs show spunk in the face of recession"

That's enough lowering of the tone for one day...