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The Indianization of Cecapore begins. Avijit Patnaik was telling us the hard truth but we did not listen.

They come to look for jobs with their fake degrees

Borrowing cost for business rises in parallel, T-bill payout on higher interest will put US over 30 trillion and will hit 105% of US GDP in 2030. This is only good for the cash rich in US and bad for everyone else (especially the world outside of US). $1 USD is ¥144 JPY today versus ¥103 JPY...

It's already happening as more countries move away from using USD as their trade currency. RMB has risen to overtake JPY as the 3rd largest currency used in the world. Wait for the mass retrenchment to happen before recession hits.

It's amazing how cheap Singaporean citizenship is these days. Well 61% loves it.

I want to know which car cost only $100k in Singapore.

Yes, I've done that before but not in Singapore. Everything other thing you wrote can be solved through money.

Same thing happening across all Singapore lah. Singapore is an Indian state like what VBitch said.

Sure to fail and explode badly in the face... like return tray project.

I'm surprised they actually let such news make it to the press. I the fallout meant they are no longer protected by editors. This is the tip of the iceberg. I heard from my friend who holds a high position in the property industry that old man owns a lot of properties in SG. Patches and patches...

Next rate hike of 0.75% almost confirmed. Economist have raised the Fed's December 2022 target interest rate from 3.75% to 4.25% so there is at least another 0.75% hike after the next rate one before the year ends. This time round SG government will no longer maintain a stronger SGD. Inflation...

I think they should especially after the West stop the sale and operations of all Western technology overnight when Russia moved to liberate Ukraine. These are equipments that are needed to save lives. One would be stupid to put their national interests in the hand of foreign firms that have...

If not for these hundreds of thousands of CECA, Singapore properties will fall back to affordable levels and we will not be able to trap more CPF, we will not be one of the countries with highest GDP per capital and ministers will lose their x14 months performance bonuses. Gods forbid that from...

Sadly yes but that's the rule for online banking. My banker says I can move larger amounts if I show up in person at the bank but I'm stuck in SG for the time being.

Birds of the same feathers flock together. Think Indian ministers = PAP ministers.

Okay, I guess it's subjective what is significant so both of us are right. US$2m is considered "not a lot" to many Chinese I know who buys properties in Shanghai/ Beijing like they are buying a 2nd car :frown:

Another myth. You'll have no problems moving money out of China if you're a foreigner and you can proof your source of funds. I used the adjective "moving" because I cannot move large amount at one go due to banking restriction of $100,000 RMB per day.

Not true. My banks in China are offering less than 0.15% for USD fixed deposit and more than 1.75% for RMB deposits. I used to get like ~6% for my USD fixed D there while RMB fixed D was about 4-5%. So there is a huge push in the bank to dump USD for RMB. I've been moving my money to Singapore...

Her name is "sucker"?

China has repeatedly said they will not provide arms to Russia lah.