Last edited by Sion; 1st July 2007 at 04:53 PM.
I just want a reasonable life in SG where people do not have to worry so much about food and housing.....
Reasonable is not paying 30 yrs for a pigeon hole... thank you....
Not waiting for 25-30mins for 1 damn bus... and paying more for slower service....
not paying GST for basic item like food, and etc.....
Art is perception; Perception is art.
More money you print, less value the money has and more and more expensive is the product. Problem is that Singapore is not alone, it has to not print money more and faster than other countries, or Singaporeans can not buy anything coming from oversea.
For a good economy, there must be rich AND poor people. There is no economy if everybody's rich because this is a relative value, you are rich because other people are poor.
Think a little bit about what is money, you'll see it's not as simple as you believe. There are a lot of bad effects because of money, one of them is that more Singaporeans are getting poorer and poorer and at the opposite, more and more Singaporean are becoming richer and richer.
As the saying goes "One got to change the environment to suit oneself if not change oneself to suit the environment."
I was thinkin, while we may have more millionaires now, but how about the ratio of millionaires vs the total population? As population increase, we should expect to see the number of rich people increase, but the ratio may remain the same.
Canon 650D|Panasonic LX3 / LX5
50mm f/1.8 | 85mm f/1.8 | 12-24mm f/4 | 28-75mm f/2.8
I believe the issue is the rich become richer as compared to the middle class people where these lots of middle class people is been squeezed and most probably their income remain unchanged or grow at a slower rate as compared to the well to do lots.
It is always a challenge for any governments to distribute the well more evenly.
What worrying is, our pay might not be able to catch up with the high property growth, inflation, etc. It is sad that the whole world is moving in this direction.
By Yvonne Cheong, Channel NewsAsia | Posted: 04 July 2007 1443 hrs
Assets managed by fund managers based in Singapore grew by 24 per cent to S$891 billion last year.
Giving this update on Wednesday, Senior Minister Goh Chok Tong also said total assets under management have grown robustly over the last six years.
He added that the sources of funds have diversified to include the Middle East, which has become 'increasingly important', along with South Asia.
Mr Goh, who is also the Chairman of the Monetary Authority of Singapore (MAS), was speaking at the the Nomura Asia Equity Forum.
Funds from the Middle East grew 21 per cent year-on-year, and the figure is 36 per cent for South Asia, according to the 2006 Asset Management Survey conducted by MAS.
57 per cent of the total assets managed in Singapore was invested in Asia.
Singapore has in recent years attracted global asset managers, hedge funds and private banks to set up their headquarters here, including Standard Chartered who set up their global private banking headquarters here in May. - CNA/ch