Results 1 to 13 of 13

Thread: Singapore ranks third!

  1. #1
    Senior Member melvin's Avatar
    Join Date
    Jun 2005
    Location
    TPY
    Posts
    2,681

    Default Singapore ranks third!

    Singapore ranks third in economic well-being for Asia-Pacific region
    By Jasmine Yin, TODAY | Posted: 01 August 2007 1106 hrs

    SINGAPORE: Singapore may be the second-largest economy after Brunei in the Asia-Pacific region.

    But when it comes to economic well-being, the Republic lags behind Hong Kong and Taiwan, according to a recent study by the Asian Development Bank (ADB) based on 2005 figures.

    In a poll of 23 economies, the Republic was ranked third, at HK$99,706 ($19,262) per capita - behind Hong Kong (HK$125,303) and Taiwan (HK$109,108) - based on the "actual findings consumption of households" (AFCH).

    An indicator of a population's state of economic well-being, the AFCH calculates what households actually consume, including what they buy and what they are supplied by their governments, such as healthcare and education.

    Rounding up the list of top five cities in the survey are Brunei and Macau.

    At the bottom, are Nepal, Bangladesh, Laos, Cambodia and Vietnam.

    Upcoming powerhouses China and India came in 15th and 17th. respectively, even though together, they account for 64 per cent of the total real gross domestic product (GDP) of the respondents.

    Singapore was found to be the fourth-costliest place to live in the region, based on the ratio of the purchasing power parities to the exchange rate.

    Topping the list were the Fiji islands, Hong Kong and Macau, with Taiwan coming in fifth after Singapore.

    The cheapest places were Laos, Vietnam, Iran, Cambodia and Nepal, the study reported.

    Singapore also em-erged as the region's second-richest economy, in real GDP per capita terms.

    The study estimated that it would take China almost 30 years to catch up with Brunei the region's richest economy based on an annual per capita growth rate of 9.2 per cent.

    And India would need nearly 50 years to catch up with Brunei, if the former continues to grow at an annual per capita rate of 6.5 per cent.

    This study the International Comparison Programme for Asia-Pacific was part of an international effort managed by the ADB to draw up a cross-country comparison of key macro-economic indicators across economies in the region.

    Mr Francois Bourguignon, senior vice-president and chief economist at the World Bank, described this undertaking as "particularly important in our developing member countries, where reliable information base for poverty alleviation and economic development policies is badly needed". - TODAY/fa

  2. #2

    Default Re: Singapore ranks third!

    Quote Originally Posted by melvin View Post
    Singapore ranks third in economic well-being for Asia-Pacific region
    By Jasmine Yin, TODAY | Posted: 01 August 2007 1106 hrs
    Those are just numbers.......there are still many people suffering.

  3. #3
    Member/Tangshooter
    Join Date
    May 2006
    Location
    ClubSNAP Community
    Posts
    3,118

    Default Re: Singapore ranks third!

    Quote Originally Posted by Godzilla Invades View Post
    Those are just numbers.......there are still many people suffering.
    How true it is!
    This is an electronic post which requires no signature.

  4. #4
    Senior Member
    Join Date
    Sep 2005
    Location
    Raffles Place
    Posts
    1,808

    Default Re: Singapore ranks third!

    Quote Originally Posted by Godzilla Invades View Post
    Those are just numbers.......there are still many people suffering.
    of cos the " numbers " are good. But from who ?

  5. #5
    Member Static's Avatar
    Join Date
    Jul 2006
    Location
    Surfing soft porn in CS
    Posts
    1,079

    Default Re: Singapore ranks third!

    Quote Originally Posted by Godzilla Invades View Post
    Those are just numbers.......there are still many people suffering.
    陳綺貞 2010 [夏季練習曲] 巡迴演唱會 Cheer Concert 13 Nov 2010 MAX Pavilion@Singapore Expo

  6. #6
    Member
    Join Date
    Feb 2006
    Location
    dover
    Posts
    1,070

    Default Re: Singapore ranks third!

    L lens got consumed or not?

  7. #7

    Default Re: Singapore ranks third!

    hum....rather strange why they need to report such things, running out of column to fill or it's just a prelude to something else......

    I would be really delighted to see reports that say ppl living in Singapore are the happiest ppl on earth and they are really living their life...

  8. #8
    Member eng_keow's Avatar
    Join Date
    Oct 2004
    Location
    Mt Alvernia Hospital
    Posts
    1,022

    Default Re: Singapore ranks third!

    Quote Originally Posted by Godzilla Invades View Post
    Those are just numbers.......there are still many people suffering.
    These are just morale boosters. A pat on the back for the administrators.

    Get them to walk the streets and attend some of the meet the MP sessions and see if they agree again.

  9. #9
    Senior Member
    Join Date
    Jul 2002
    Location
    Planet Eropagnis
    Posts
    2,944

    Default Re: Singapore ranks third!

    Who studied statistics here before?

    I love them. U can smoke the tutor upside down and he wun know the slight tweak on the sampling population can have lotsa pattern one.

    Much as I'm terrible with maths, I dun remember failing any of my Uni projects that involves statistics.

  10. #10

    Default Re: Singapore ranks third!

    Quote Originally Posted by raincool2005 View Post
    of cos the " numbers " are good. But from who ?
    ermm....from the man in white...........perhaps need to do so to justify their pay mer

  11. #11
    Senior Member
    Join Date
    Jul 2002
    Location
    Planet Eropagnis
    Posts
    2,944

    Default Re: Singapore ranks third!

    Tell me.

  12. #12

    Default Re: Singapore ranks third!

    Quote Originally Posted by Godzilla Invades View Post
    Those are just numbers.......there are still many people suffering.
    Those who dun suffer wun complain here. So judging by the numbers here we should take some solace?

    So exactly how many are suffering? I also don't know. But I can see a lot of my colleagues still not happy with their pay rise because they need the next bigger TV, car, audio system... I'm not happy with my pay rise too. But I suck thumb because I'm not capable enough.

    Good luck to those who are stuck in the sunset industry. You just have to accept it or work harder or study part time and move to other areas. In capitalist system, especially singapore with no natural resources, you are in for a tough time. Everywhere is the same but to a different degree. Save up, cut luxury, lower standard of living if you can't make it. No choice.

  13. #13
    Member
    Join Date
    Dec 2003
    Location
    CCK
    Posts
    1,051

    Default Re: Singapore ranks third!

    Quote Originally Posted by melvin View Post
    Singapore ranks third in economic well-being for Asia-Pacific region
    By Jasmine Yin, TODAY | Posted: 01 August 2007 1106 hrs
    I really symapthise with your effort, but CS has the highest proportion of malcontents I have seen in any forum. An irony since these guys obviously do well enough to own a computer and have photography as a hobby.

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •