SG Talk

https://www.straitstimes.com/business/si...r-mas-data

Mr Menon said money is coming from growing wealth across Asia, where the rich are seeking a place to invest. He acknowledged that North Asia’s affluent contribute a large portion of asset flows into Singapore.

“They are richer, they have more investable assets,” he said, speaking ahead of Singapore’s FinTech Festival that starts on Wednesday.

(02-11-2022, 10:06 AM)forum456 Wrote: [ -> ]https://www.straitstimes.com/business/si...r-mas-data

Mr Menon said money is coming from growing wealth across Asia, where the rich are seeking a place to invest. He acknowledged that North Asia’s affluent contribute a large portion of asset flows into Singapore.

“They are richer, they have more investable assets,” he said, speaking ahead of Singapore’s FinTech Festival that starts on Wednesday.

It means Singapore imports more foreigners from North Asia.

(02-11-2022, 10:06 AM)forum456 Wrote: [ -> ]https://www.straitstimes.com/business/si...r-mas-data

Mr Menon said money is coming from growing wealth across Asia, where the rich are seeking a place to invest. He acknowledged that North Asia’s affluent contribute a large portion of asset flows into Singapore.

“They are richer, they have more investable assets,” he said, speaking ahead of Singapore’s FinTech Festival that starts on Wednesday.

so? 
still raise GST 
hahaha

ie a lot of fund running away from Hong Kong and Shanghai lor.

Which countries are in North Asia?

North Asia consists of China, Japan, Mongolia, North Korea, South Korea, and Taiwan. This region has some of the oldest stories to tell but at the same time it is industrialised and urbanised.

Why talk inflow only?
How to know it is totally new?
New as in the entity carrying the new has appeared in sg for the very first time?

Why not talk outflow?
How they ensure outflow is not coming back as new inflow?

It means it will also flow out when time is bad

How does it benefit us?

Lower GST or NTUC FP rebates??

Major XJP effects of zero-covid and strangling of big tech.....wonder impact to SG WHEN these reverse.........

(02-11-2022, 10:36 AM)red3 Wrote: [ -> ]Why talk inflow only?
How to know it is totally new?
New as in the entity carrying the new has appeared in sg for the very first time?

Why not talk outflow?
How they ensure outflow is not coming back as new inflow?

First it is outflow of laundered $$$. Then it became inflow of legal $$$.


Whahaha

So a better real info is the net flow of $$$.

Thank for the news article

Wash money is it.

Hope greed could bring down PAP

Isn't it obvious it is people running away from common poverty policies.

Obviously is " park or wash money "

SG always One of the fav country to " wash money "

Any deals managed to done in SG , from " dirty money to clean money "
You bring these money go another country will not been suspected.

(02-11-2022, 11:11 AM)LupCheong Wrote: [ -> ]Wash money is it.

Too many to count...arhh. SG$ is stead.
One of the many many reasons.

(02-11-2022, 11:47 AM)Teeth53 Wrote: [ -> ]Too many to count...arhh. SG$ is stead.
One of the many many reasons.

Yup indeed

Well done. 
SGD1=MYR3. 36

What is the point of inflow causes the inflated property prices affecting majority resident's daily life.Not the inflow making our life rich and meaningful.
Our currency still drop against US becoming only 1.41

(02-11-2022, 11:47 AM)Teeth53 Wrote: [ -> ]Too many to count...SG$ is st 
O0000000 SG$

[quote pid="392355" dateline="1667360852"]
many many reasons.  one big steady SG$
[/quote]

Singapore can absorb record inflows of new money, the central bank chief said, allaying concerns of a real estate bubble even as rents and prices surge to unprecedented highs.

The Asian financial hub attracted $448 billion last year, 59 per cent higher than the previous year, the latest data from the Monetary Authority of Singapore shows.

“When a large sum of money comes into any country, you should be worried about it,” MAS managing director Ravi Menon said in an interview with Bloomberg Television’s Haslinda Amin. 

One such concern is flows into the property market driving up prices. Rather than blocking money coming in, the regulator has imposed measures on the real estate sector to prevent overheating. “We’ve got that under control,” he said.

(02-11-2022, 11:10 AM)LupCheong Wrote: [ -> ]Thank for the news article

DPM Lawrence Wong @LawrenceWongST 01/11/2022

Happy to meet PRC Vice Premier Han Zheng earlier this evening. We had a good discussion on the wide-ranging and multifaceted cooperation between Singapore and China.

https://twitter.com/LawrenceWongST/statu...gr%5Etweet