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When the economy is not doing well, the PAP will rationalise that Ministers need to be paid more to motivate them to work harder to get the economy up and running. LOL!
All the abang adik countries of China's Belt and Road won't have a happy ending.
China's oil supply gets depleted + China's jiakliaobees died during Covid lockdown years (actual population of China is much lesser than the official one) = China no more money, money to feed/sustain/bribe these third world countries dries up.
Singapore Bonds Ride Out Crude Oil Surge as Other Havens Falter
By Marcus Wong
March 23, 2026 at 8:00 AM GMT+8
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Takeaways by Bloomberg AI
Singapore’s bonds have beaten all their developed-market peers this year as the war in Iran has bolstered haven demand, and fund managers say they are still one of the safest places to be.
A Bloomberg index of sovereign debt from the island state has returned 0.8% so far in 2026, outperforming 13 other global counterparts, even as surging oil prices have buffeted most fixed-income assets. That sets them apart from many traditional havens such as US Treasuries and the yen that have declined.
this Pa not that Pa ... this Pa-paya raise the serpents salaries and give out bonuses ... that Pa-kistan cut salaries .... 2 different sons of the same Father ...