Singapore's star rises as Switzerland stumbles
» singapore switzerland finance
Reuters said:
"It's a wealth center," said Martyn Schilte, a manager in charge of selling million dollar supercars in Singapore. "If you look at the type of client we sell to, it's people with a net worth of $50 million-plus."
The city-state has its sights on attracting the world's wealthy to its palm-tree-lined coastline where some apartments come with a private yacht berth. Its plan is working.
As Asia's elite move billions to the country, assets under management soared by a third last year to more than $800 billion.
The amount may be small compared to Switzerland. Singapore had $500 billion in offshore assets under management last year, according to the Boston Consulting Group, compared to four times as much in Switzerland
........................But it puts the region on the map for banks hoping to capitalize on a more resilient Asia as the West slows.
Rest of the article is here : http://ca.reuters.com/article/businessNews/idCATRE4BD01520081214?rpc=401&
Way to go, i dont think singapore will succumb to the pressure of the US ( the small fry). This tiny dot is truly on its way to world super power.Now is ths chance and one chance we have after 1965.
That is quite a different analysis from below:
A dent in Singapore's financial hub dream
u are all just fools. In the current economic condition singapore sees a chance to rise as Asia's superpower.Why would u all want to stop it. Capitalists brought about the downfall, use them again , their money to rebuild.
"Singapore Prime Minister Lee Hsien Loong said this month such scrutiny in the West could lead to more European money flowing into the country, a hot talking point in the industry."
PANDORA'S BOX
Singapore is in a stronger position to resist the strong arm of Washington.
"If I were the Singapore government, I would not sign unless it's on equal footing with Hong Kong, the key competitor," said Roman Scott, managing director of consultancy Calamander Capital.
Yes, cutting edge and efficient in losing a hundred billion to the British and Americans....
Originally posted by Ah Chia:That is quite a different analysis from below:
A dent in Singapore's financial hub dream
Do u seriously think PAP is dumb? they probably had something up their sleeves, as they always do,
This attimes article talks about the general economy and trade conditions as of Nov 6.
But it does not talk about the wealth of singapore tucked away on offshore treasure island.
A Country's trade and economy performance is not the same as its asset and wealth performance.
A rich man will always be rich even if his business is not performing well.
Originally posted by AndrewPKYap:
Yes, cutting edge and efficient in losing a hundred billion to the British and Americans....
A hundred billion which probably came from this offshore banking thing, it is the European's and wealthy indon money which they used. Their own trash to buy them. Now isnt that extremely clever.
I alays thought people misunderstood the Sg Govt. Now if u just looked deeply enough , u will discover amazing facts about them
Do u think the Europeans and US are moral people?. they are farking immoral bastads pawned by their own human rights and democracy activist groups. They are the most cunning and vile wolves i ever know, pretending to do things under democracy but have a hidden agenda behing their own citizen's backs. When things go wrong, they start to come out under the disguise of democracy.
Why do u think now they want to claim back tax money,
Why didnt they do it earlier?
Didnt they know the existence of tax havens?
Why do u think they want too implement the global currency thing now?
Who are the ones who engineered the financial meltdown?
Who were the ones who engineered 9/11?
Why were they under the Feds for so long when warnings and theoires were predicted ages ago?
Why were they in ignorance?
There is only one good reason . Because they were waiting for one chance since the 1930s to rule the world. To bring about the New World Order.
UN & IMF Back Agenda For Global Financial Dictatorship
http://www.infowars.com/un-imf-back-agenda-for-global-financial-dictatorship/
To bring about the one world currency, it needs to consolidate all the countries wealth and so below)
Obama bids to stamp out tax havens
http://www.guardian.co.uk/business/2009/mar/04/obama-tax-haven-crackdown
Once other tax havens are demolished, the IMF and UN will jointly will assume full control of international monetory system and as a resull full ocntrol of the world and dispose of Obama in the next US presidential elections.
Do u seriously think PAP is dumb?
Yes. They lost over 100 billion through Temasek and GIC.
Because they were waiting for one chance since the 1930s to rule the world. To bring about the New World Order.
Complete nonsense.
You are under influence of conspiracy morons.
Wake up now.
Why do u think they want too implement the global currency thing now?
USA doesn't want it. Only China, Russia and others want. Anyway replacing U.S dollar as reserve currency had been discussed for many years already.
Those who want to do so are taking the current financial crisis as opportunity to push their agenda.
But then some crackpot morons would link this with their rubbish theories.
US dollar hegemony has got to go
April 11, 2002
http://www.atimes.com/global-econ/
Go below forum and post threads on your conspiracy nonsense, the people there are very good at criticising and debunking all the crap found on the internet. I find it very tiring and distracting to do it here:
China calls for ONE WORLD CURRENCY!
Originally posted by Worldlybusinessman:A hundred billion which probably came from this offshore banking thing, it is the European's and wealthy indon money which they used. Their own trash to buy them. Now isnt that extremely clever.
I alays thought people misunderstood the Sg Govt. Now if u just looked deeply enough , u will discover amazing facts about them
I always thought that as a corporation, our govt score tops.
But as a people-govt, they leave much to be desired. Our progress does not necessarily equate to a corresponding improvement of life for the people. And most of their policies are pro-business, which, become anti-people.
That's why I advocate a substantial amount of opposition in the parliament to put a check on the PAP. A balance between serving the business and serving the people would then more likely be formed.
Originally posted by soul_rage:I always thought that as a corporation, our govt score tops.
But as a people-govt, they leave much to be desired. Our progress does not necessarily equate to a corresponding improvement of life for the people. And most of their policies are pro-business, which, become anti-people.
That's why I advocate a substantial amount of opposition in the parliament to put a check on the PAP. A balance between serving the business and serving the people would then more likely be formed.
The problem is there is no credibility in any opposition, even those who are elected and get a seat in the parliament, they are just chairwarmers.
Singapore is a country lack of natural resources and space, without a pro business mindset, we will not be what we are today. The peoples is the greatest asset of singapore, the govt acknowledged that fully, if you said that PAP is anti- people, I think you better go and commit suicide.
Originally posted by angel7030:The problem is there is no credibility in any opposition, even those who are elected and get a seat in the parliament, they are just chairwarmers.
Singapore is a country lack of natural resources and space, without a pro business mindset, we will not be what we are today. The peoples is the greatest asset of singapore, the govt acknowledged that fully, if you said that PAP is anti- people, I think you better go and commit suicide.
That's because PAP employs "stifle the opposition" tactics. And who are you to say they are just chairwarmers. If you have not listened to the current opposition members speaking in parliament, then you best stop insulting people.
You are pro-govt coz you open a pub. Therefore, you are happy that they are pro-business. And acknowledgement? Acknowledgement in terms of what? Lip service?
Don't delude yourself, pro-business policies are mostly anti-people policies. Your favorite MVC component is anti-people. Just coz you are on the other side of the fence, don't talk as if you are so noble, after all, you are benefiting directly from the pro-business policies.
Originally posted by soul_rage:That's because PAP employs "stifle the opposition" tactics. And who are you to say they are just chairwarmers. If you have not listened to the current opposition members speaking in parliament, then you best stop insulting people.
You are pro-govt coz you open a pub. Therefore, you are happy that they are pro-business. And acknowledgement? Acknowledgement in terms of what? Lip service?
Don't delude yourself, pro-business policies are mostly anti-people policies. Your favorite MVC component is anti-people. Just coz you are on the other side of the fence, don't talk as if you are so noble, after all, you are benefiting directly from the pro-business policies.
Look Uncle, without the PAP, i might not have any good education here, i may be like some thais or indo living in kampong making rattan mats.
If in the 70s, Singapore do not hv a vision to go industrialisation, god bless us, I may be a pros standing outside instead of PRC and thais.
No, i am not on the PAP side of the seats, I am just doing devil advocating to make you wake up!!! and see the real picture and stop applying the same tactics in condemning PAP, this is not the way, nothing move. Last time, I already told many here, to overtake the PAP is not from the outside or opposition, it must be from within. Join the PAP and be a good Ministers, then from there manipulate your move to take over. Same goes to LKY, I studied history and was told that he was initially not with the PAP, and until he took control of the party, he move his way up and declared PAP. That is why i called him lau hero
Originally posted by angel7030:
Look Uncle, without the PAP, i might not have any good education here, i may be like some thais or indo living in kampong making rattan mats.
If in the 70s, Singapore do not hv a vision to go industrialisation, god bless us, I may be a pros standing outside instead of PRC and thais.
No, i am not on the PAP side of the seats, I am just doing devil advocating to make you wake up!!! and see the real picture and stop applying the same tactics in condemning PAP, this is not the way, nothing move. Last time, I already told many here, to overtake the PAP is not from the outside or opposition, it must be from within. Join the PAP and be a good Ministers, then from there manipulate your move to take over. Same goes to LKY, I studied history and was told that he was initially not with the PAP, and until he took control of the party, he move his way up and declared PAP. That is why i called him lau hero
Look, Auntie, without the PAP, you MAY not get a good education, but you MAY get a better education as well. And even if you have the option to have a good education, a lot of that is credited to your parents. So please give your parents due credit. And even as such, it's up to you, Auntie, to do well in your education. So give yourself due credit as well.
Anyway, the key word is "MAY". Without the PAP, all of us will become maids and labourers. You actually believe that?
You also better wake up lah. No wonder we are so cheap labour. We do not know how to give credit to ourselves, only know how to praise and repeat LKY's teachings.
Originally posted by soul_rage:Look, Auntie, without the PAP, you MAY not get a good education, but you MAY get a better education as well. And even if you have the option to have a good education, a lot of that is credited to your parents. So please give your parents due credit. And even as such, it's up to you, Auntie, to do well in your education. So give yourself due credit as well.
Anyway, the key word is "MAY". Without the PAP, all of us will become maids and labourers. You actually believe that?
You also better wake up lah. No wonder we are so cheap labour. We do not know how to give credit to ourselves, only know how to praise and repeat LKY's teachings.
Woei Uncle, me aunty liao..heheheh...front still not so big as aunty lor..hehehee
I think the problem here is man ego. The man ego do not wish to see other higher than you and yet getting much more attention then you. We ladies dun mind whoever rules as long as he can gives us education opportunity, foods, a shelter to live in, love, peace, harmony and most important, a place that can make money.
You a great man too, my Uncle, but just that you cannot win someone and see in real disgust and anger as the others manipulated this society which you feel so powerless to intervene.
The word "May" already told you that given an opportunity to study, the rest is up to one to excel. But the opportunity is there to be grab. We, the young ones, are not saying that we put our soul and mind bindly to praise LKY and sing his names as the North Korea commies do, we praised him base on facts and reality. Our parents never taught us to kowtow to LKY, they said that we as a family living in harmony and peacefulness is because of good governance. And Daddy can study to get a good job, set up business in a proper and well define system here.
Originally posted by angel7030:
Woei Uncle, me aunty liao..heheheh...front still not so big as aunty lor..hehehee
I think the problem here is man ego. The man ego do not wish to see other higher than you and yet getting much more attention then you. We ladies dun mind whoever rules as long as he can gives us education opportunity, foods, a shelter to live in, love, peace, harmony and most important, a place that can make money.
You a great man too, my Uncle, but just that you cannot win someone and see in real disgust and anger as the others manipulated this society which you feel so powerless to intervene.
The word "May" already told you that given an opportunity to study, the rest is up to one to excel. But the opportunity is there to be grab. We, the young ones, are not saying that we put our soul and mind bindly to praise LKY and sing his names as the North Korea commies do, we praised him base on facts and reality. Our parents never taught us to kowtow to LKY, they said that we as a family living in harmony and peacefulness is because of good governance. And Daddy can study to get a good job, set up business in a proper and well define system here.
That I agree, sister. Man's ego is a bit hard to manage, but I need to correct your perception a little. I do not like to see people who are incapable and yet sit above me. It takes some effort to gain my respect. I too am the ambitious type that goes into combat mode in order to get what I want (90+% of the time I get what I want). Perhaps you are right. I cannot help this society as much as I would like to, unlike in my own life, I control my own destiny.
Anyway, as an food for thought, I always believe that ladies are better than men, in terms of detailed thinking, calm and controlled, and able to maintain their thoughts better. But don't let the "0" and "1" extreme thoughts get the better of your positive attributes.
Somehow, I savour the day when our PM would be a lady :)
I share your sentiments, soul_rage that i cannot stand incompetent people sitting above me. Sometimes in groups and small working cirles, it may be easy to pin-point how your leader is nothing more than a mouth piece. But when it comes to good governance, who is to say what is right and wrong? Honestly to me leading is a thankless job and especially for politics. Right or wrong also kena arrow. You cannot please everyone. Even between 2 person, a simple thing like decide what movie to watch also can become complicated. For politics and policies, its even worse. You have to pander to the need of millions.
I agree that PAP is pro-business to a certain extent. You would not be wrong to say they are inculcating the wrong values about being money-orientated too (i brought this up from what you mentioned in the previous thread about teaching the young the wrong values). But at the same time i agree with angel because in Singapore, being pro-business is pro-people because you are creating the environment for our people to thrive. The government lays the groundwork for us to be educated, become professionals and compete on the global stage. Yes its all about money. But survival is about money too. The government is callous, is harsh is anti-people. But it is also pragmatic, which is what i believe is the most important.
Here's why the Singapore government has been so effective:
A Singapore police officer making a death threat to a citizen blogger:
Gary: He said to me at the lift lobby 90% of the exact words - ”Mr Tan,if you walk out of here tomorrow,you might get killed.You might meet with a mysterious accident,you might disappear and nobody will know what happened to you! Mr Tan, some things and people in this country you cannot offend! Some people are above all things! You better make sure you know this! Mr Tan,we can arrange for things to happen to you.You understand or not!”
Originally posted by soul_rage:Somehow, I savour the day when our PM would be a lady :)
You mean Ho Ching?
Originally posted by Miracles&Prophecies:Here's why the Singapore government has been so effective:
A Singapore police officer making a death threat to a citizen blogger:
Gary: He said to me at the lift lobby 90% of the exact words - ”Mr Tan,if you walk out of here tomorrow,you might get killed.You might meet with a mysterious accident,you might disappear and nobody will know what happened to you! Mr Tan, some things and people in this country you cannot offend! Some people are above all things! You better make sure you know this! Mr Tan,we can arrange for things to happen to you.You understand or not!”
Fainted
Originally posted by angel7030:
You mean Ho Ching?
Not her, she's not capable to me. She's there because of relationships in my opinion.
Ladies I admire are Hilary Clinton, or Meg Whitman, the ex-eBay CEO now running for governor in California. She single-handedly turned eBay from 30 employees with 4.7m turnover, to a company with 15000 employees and multi-billion turnover.
Originally posted by speakup-:I share your sentiments, soul_rage that i cannot stand incompetent people sitting above me. Sometimes in groups and small working cirles, it may be easy to pin-point how your leader is nothing more than a mouth piece. But when it comes to good governance, who is to say what is right and wrong? Honestly to me leading is a thankless job and especially for politics. Right or wrong also kena arrow. You cannot please everyone. Even between 2 person, a simple thing like decide what movie to watch also can become complicated. For politics and policies, its even worse. You have to pander to the need of millions.
I agree that PAP is pro-business to a certain extent. You would not be wrong to say they are inculcating the wrong values about being money-orientated too (i brought this up from what you mentioned in the previous thread about teaching the young the wrong values). But at the same time i agree with angel because in Singapore, being pro-business is pro-people because you are creating the environment for our people to thrive. The government lays the groundwork for us to be educated, become professionals and compete on the global stage. Yes its all about money. But survival is about money too. The government is callous, is harsh is anti-people. But it is also pragmatic, which is what i believe is the most important.
Regardless, if one wants to become a leader, then one must learn how to deal with people. If one does not want to deal with people, then DON'T become a leader. It's not a thankless job. It's a choice one makes, so don't complain.
As I mentioned to Stevenson in the other thread, pro-business does not necessarily mean that the people will benefit. Other policies, such as the Foreign Talent policy that is too liberal to foreigners in my opinion (read, I support the policy, but I DO NOT support its implementation) hurts the people. Sometimes you need to build dams to direct water coming from the source in order go the right direction. Do not think that providing the source is sufficient. It may not reach the beneficiaries that you want it to reach.
As I also mentioned, there are 3 other things I wish to emphasize:
Please enlighten me which great leader in history has been unequivocally agreed upon as a fantastic leader or have earned the adoration of the whole world. There is no such thing as perfection or unaninimous agreement that anyone or anything is undoubtedly good. Politics and life are not simple 1+1 mathematics.You cant just 'deal' with people. Talk is cheap. I mean you are working and even if you arent, school life should have taught you that in any group, disagreements are ubiquitous in every human community. Just like you and me here, we cant even see eye to eye in such simple issues. How do you expect 4 million people to agree that a particularly policy is good? Everyone has their own ideas how to do things. As a leader the best you can do is to assimilate the various good points and come up with a solution. You really cannot please everyone.
Honestly I still suscribe to the belief that its $$$ before morals cause honestly (i have used this example before) you do not see a beggar doing charity. Although I agree people are continuously looking for more and more wealth. I do not deny that i foresee myself working and hoping to rake in millions within my first 10-15 years of working or something. But there is nothing wrong with this idea and that is what keeps our capitalist society and meritocratic economy going. In my opinion $$$ having a higher weightage is inevitable and a true 50-50 balance can only be accomplished when your $$$ needs is settled first.
We look rich, but most of us are empty within. We don't really know what is called enjoyment of life. We believe we are slaves to work and work and work.
This thing you mentioned here is what we should truly be concerned about. Its not about being money minded or pro business or whatever. It is about after achieving monetary wealth, there is a lack of thirst for spiritual and mental wealth. That is what we should be focusing on.