[Ola]

1. I know this way

they can attract more FTs

to replace us in our jobs

to reach 6.9 Million population

[Ola]

2. And NTUC FP & Finest

can buy more imported foods at cheaper price

to save more money to pay Minister of NTUC

[Ola]

3. Control Inflation

so that we pay lesser for imported items

like handbags, cars etc

which gives us more money to save

and pay more GST, more COE, more levies

[winbig]

1. I know this way

they can attract more FTs

to replace us in our jobs

to reach 6.9 Million population

Er...... We are a financial centre leh. Strong currency better for us right?

[Ola]

Er...... We are a financial centre leh. Strong currency better for us right?

Being a Financial Hub attracts investors

like Tokyo, HK, NY . . .etc

but not necessarily need strong Currency

which is in comparison with the value of another foreign currency

[Blasterlord2]

Strong currency is good, but not overly strong. MAS needs to keep an eye on this.

[Ola]

4. Our currency is strong

So our goods and services becomes expensive

HOW? Cannot import more FWs

So must make citizens cheap labour

to continue to import more FTs

[sgbuffett]

You are really out of order on this one .
They need to keep SGD strong to fend off inflation. The SGD has been falling against USD when they say strong they are only trying to control it's fall vs USD.

Foreigners will come regardless due to big difference in wages they get here vs what they get back home. Movement in SGD is negligible compared to this main reason

[[[ForeverAlone]]]

You are really out of order on this one .
They need to keep SGD strong to fend off inflation. The SGD has been falling against USD when they say strong they are only trying to control it's fall vs USD.

Foreigners will come regardless due to big difference in wages they get here vs what they get back home. Movement in SGD is negligible compared to this main reason

SGD should be lowest thus Americans happy at SG work.
back in good old days a lot Americans expats here in SG due to low SGD.

if I not mistaken 1 USD = 1.7 Sin or 2.7 highest?

[sgbuffett]

SGD should be lowest thus Americans happy at SG work.
back in good old days a lot Americans expats here in SG due to low SGD.

if I not mistaken 1 USD = 1.7 Sin or 2.7 highest?

Yes Singapore dollar was at that exchange rate in 1990. We climb up 20% taking 30yrs.

The way it was done is to attract HQ  of multinationals and attract rich to bring money here and keep in Singapore dollars.

Same way HK peg to USD to become financial center. Before that the HKD was swinging wild and their economy was weak.  

If your currency is weakened over time no wealthy person will bring his money here and you cannot have a fianncial center.

[Manthink]

Being a Financial Hub attracts investors like Tokyo, HK, NY . . .etc

but not necessarily need strong Currency which is in comparison with the value of another foreign currency

It's not a question for the PAP, but rather SG monetary policy which MAS has been playing fo a long time..That it show we have the financial muscle to control our ratings in a more unstable world. Just look at the Bolehlander ringgit.