PM Lee must turn the tide with NDP.Rally..

[TopSage]

vUnder his watch housing became.least affordable in.our.nation"s history.
Health care cost.escalated double.digits.every year.
Public transport became.sardine can.and.private transport cost which was at record.level.went up.to.levels.now.out of reach most.
Retirement is becoming.history for.many.singaporeans are unable to reach minimum sum

There is little doubt for many pple.that quality of life has deteriorated since he took.over. However, most are will to give him.a.chance in the 2011 elections... it has been 2 yrs since and we are still.waiting for the KEY TURNING POINT....if he misses this chance again he is going to be headed for trouble.

while external.conditions permit, he should.make.decisive measures. when economic.conditions.change there may be no.opportunity...

 

[Equalisation]

For God's sake, we do not expect much.

Just give us back all OUR hard-earned CPF money to us. The amount may be small to the rich, but it means life and death for us poorer citizens.

 

[Kenneth]

vUnder his watch housing became.least affordable in.our.nation"s history.
Health care cost.escalated double.digits.every year.
Public transport became.sardine can.and.private transport cost which was at record.level.went up.to.levels.now.out of reach most.
Retirement is becoming.history for.many.singaporeans are unable to reach minimum sum

There is little doubt for many pple.that quality of life has deteriorated since he took.over. However, most are will to give him.a.chance in the 2011 elections... it has been 2 yrs since and we are still.waiting for the KEY TURNING POINT....if he misses this chance again he is going to be headed for trouble.

while external.conditions permit, he should.make.decisive measures. when economic.conditions.change there may be no.opportunity...

Hey Malaysian why u still here, u can go back to your dream land anytime, no one is stopping u.

 

[TopSage]

For God's sake, we do not expect much.

Just give us back all OUR hard-earned CPF money to us. The amount may be small to the rich, but it means life and death for us poorer citizens.

In any other developed country thegovt would.have been voted out if.it gave this.kind of.performance.
the reason.singaporeans.are so.patient is they are very grateful for PAP past contributions to.singapore. however, PAP? e cannot laat forever if govt cannot get the basics right

 

[po2wq]

... waiting for the KEY TURNING POINT ...

twurn ze tide? ... dun remain daft! ... he's much betta @ twurning tings upside down ..

 

[zhihau]

twurn ze tide? ... dun remain daft! ... he's much betta @ twurning tings upside down ..

spot on! kapitan's crewmen very good at upturning the downturn...

 

[melzp]

why die he choose ITE?..No guts to choose UWC?

 

[Kenneth]

Topsage is creating false viewer number in this thread again


TopSage TopSage is online now
Alfrescian



Add as Friend Add as Friend
Send Private Message Send Private Message
Add to Ignore List Add to Ignore List
Find latest posts Find latest posts
Find latest started threads Find latest started threads
.





Join Date:13-02-2011.Current Activity:Viewing Thread PM Lee must turn the tide with NDP.Rally...Last Activity:Today 11:00 AM





TopSage TopSage is online now
Alfrescian



Add as Friend Add as Friend
Send Private Message Send Private Message
Add to Ignore List Add to Ignore List
Find latest posts Find latest posts
Find latest started threads Find latest started threads
.





Join Date:13-02-2011.Current Activity:Viewing Thread PM Lee must turn the tide with NDP.Rally...Last Activity:Today 11:15 AM

 

[Leongsam]

There is little doubt for many pple.that quality of life has deteriorated since he took.over. However, most are will to give him.a.chance in the 2011 elections... it has been 2 yrs since and we are still.waiting for the KEY TURNING POINT....if he misses this chance again he is going to be headed for trouble.

Quality of life deteriorated????

The stats show otherwise.

101,000 Singapore millionaires in 2012; ranks of wealthy swell 10%

Published on Jun 20, 2013
8:02 AM

​

Singapore. The share market rally sharply increased the ranks of Singapore's wealthy last year. -- PHOTOS: REUTERS, AGENCE FRANCE-PRESSE


By Rachael Boon

The share market rally sharply increased the ranks of Singapore's wealthy last year.

New figures out yesterday show that there were 101,000 millionaires by the end of 2012, a jump of 10.3 per cent over 2011.

Their total wealth went through the roof as well and was estimated to have hit US$489 billion (S$615 billion), up 11.5 per cent on the 2011 level.

The report by Capgemini and RBC Wealth Management defines a millionaire as someone with US$1 million or more in investable assets.

 

[Leongsam]

More evidence that PM Lee has been wildly successful in providing opportunities for massive wealth creation for those who are innovative, are financially literate and are willing to work hard.

Singapore is world's most fertile land for millionaires

By Malminderjit Singh
The Business Times
Thursday, Jul 04, 2013

If you are looking to getting rich quickly then being in Singapore is your best bet to do so - provided you have a sound knowledge of personal finance. But if you are hoping that your fortune continues to grow exponentially over your lifetime, then you will have the best chance of doing that in Monaco, UK or the US.

The latest report in the Barclays Wealth Insights series shows the wealthy in Singapore took the least time to build their riches, with more than half of them, or 51 per cent, doing it in less than 10 years.

This was a much higher proportion compared to the global average of 26 per cent and marks Singaporean HNWIs as the group quickest to accumulate their wealth, ahead of respondents in India, China and Hong Kong, where only 30 per cent, 27 per cent and 16 per cent respectively built up their wealth in less than 10 years. Middle Eastern economies Qatar and the UAE, at 48 per cent and 32 per cent respectively, came in second and third behind Singapore as the places to build wealth quickly while developed economies such as the US and Switzerland appear to be among the slowest as less than 10 per cent of the respondents there said they were able to accumulate their wealth within a decade.

Singapore's position as a 'get rich quick' centre was entrenched as the report showed that Singapore also had the highest proportion of respondents, at 14 per cent, accumulating wealth in less than five years. Being wealthy is described as having a net worth of US$1.5 million or more.

To those who are looking to emulate the success of this exclusive club, it however appears that a sound sense of personal investment and finance is more important than having good business acumen or being part of a wealthy family.

For Singapore's rich, the principal sources of overall wealth are personal investments at 72 per cent, profits from property at 58 per cent, and savings through earnings/bonus over time at 55 per cent. Accumulating wealth through their business sale and/or profit and inheritance accounted for only 50 per cent and 32 per cent respectively.

Personal investments ranked among the top three sources of income for most markets. This factor, however, played a greater role in wealth accumulation in Singapore than most other places, as only in China and Hong Kong was it even more significant at 99 per cent and 82 per cent respectively. Profits from investment in property in these three markets also yielded the greatest sources of wealth generation. Singapore trailed behind China and Hong Kong, at 84 per cent and 80 per cent respectively, in this regard.

Even though Singapore and other Asian countries present good chances to build your wealth quickly, if you are looking to multiply that significantly over your lifetime then you will have a better chance of doing it elsewhere. The report showed that only a quarter of Singapore's rich have seen dramatic increases of five-fold or more in their wealth. Hong Kong's HNWIs did marginally better at 30 per cent and China and India fared worse at only 17 per cent and 15 per cent respectively.

Based on a global survey of more than 2,000 HNWIs, the report - Origins and Legacy: The Changing Order of Wealth Creation - provides an in-depth study into how wealth is now being made, spent and shared across the world. Globally, wealth is created more quickly today than in the past with the technological revolution playing an important role. According to Srinivas Siripurapu at the wealth and investment management division at Barclays, when the UK's Sunday Times Rich List was first published in 1989, only 43 of the country's richest 200 people, or 21 per cent, had made their fortunes themselves.

"Wealth is now more international, more diverse and more driven by entrepreneurship rather than inheritance. On the 2013 Sunday Times Rich List, almost 80 per cent are self-made and a high proportion were born overseas. The absolute figures of wealth are also much higher - compared with 1989, the UK is home to ten times as many billionaires," said Mr Siripurapu.

He added that on the Forbes' World Billionaires List, technology is now the second-most common way US billionaires generated their wealth, with 51 out of 425 becoming rich through this industry.

It also seems that when the going gets tough, the rich get richer. In Singapore, as many as 47 per cent of the respondents indicated that they had increased their wealth during the economic downturn in 2009. However, resource-rich countries like Qatar, the UAE and India did even better during the downturn with more than half of their wealthy increasing their net worth during this period.

But all is not that rosy for the rich in Singapore as they face the greatest risk, compared to their counterparts elsewhere, in facing unexpected dips in their fortunes. The report showed that at 69 per cent, Singapore comprises the highest proportion of HNWIs experiencing large fluctuations in wealth. Mr Siripurapu said this could be due to fluctuations in the property market over the last decade.


Get The Business Times for more stories.

 

[Dreamer1]

The lumber of millionairs in Spore
In fact, there is some ambiguity – do they refer to citizens, or just anybody who lives in Singapore?

If they’re referring to citizens, any cursory look at alternative media will indicate a growing anger at increasing income inequality. Wages for many locals have remained stagnant for the past decade, including wages and salaries for many professional workers – we call them PMET here.

Also, projections in the future take into account a rapidly aging population, with its attendant increase in healthcare costs, which will probably consume huge chunks of wealth.

Finally, much of Singapore’s wealth/forced savings is locked up in CPF, and the lack of transparency is leading a lot of people to wonder if their money in CPF is as secure as the state keeps saying it is. For example, the 2008 financial crisis brought to light many failed investments (disastrous returns) as the state’s investments in many US financial institutions failed to yield returns when they collapsed.

A frank discussion of your article here:
http://www.tremeritus.com/2012/12/16/25-to-30-of-sporeans-to-become-millionaires/

 

[Leongsam]

The lumber of millionairs in Spore
In fact, there is some ambiguity – do they refer to citizens, or just anybody who lives in Singapore?

If they’re referring to citizens, any cursory look at alternative media will indicate a growing anger at increasing income inequality. Wages for many locals have remained stagnant for the past decade, including wages and salaries for many professional workers – we call them PMET here.

Also, projections in the future take into account a rapidly aging population, with its attendant increase in healthcare costs, which will probably consume huge chunks of wealth.

Finally, much of Singapore’s wealth/forced savings is locked up in CPF, and the lack of transparency is leading a lot of people to wonder if their money in CPF is as secure as the state keeps saying it is. For example, the 2008 financial crisis brought to light many failed investments (disastrous returns) as the state’s investments in many US financial institutions failed to yield returns when they collapsed.

A frank discussion of your article here:
http://www.tremeritus.com/2012/12/16/25-to-30-of-sporeans-to-become-millionaires/

There is nothing wrong with income inequality. If everyone earned the same amount, it would mean that Singapore is a communist state.

 

[greenies]

More evidence that PM Lee has been wildly successful in providing opportunities for massive wealth creation for those who are innovative, are financially literate and are willing to work hard.

Alternatively we could see that report as Pappies created business environment and conditions for riches and elites to become richer.
What happened to middle-class and poor men in the past 10 years?

 

[jw5]

There is nothing wrong with income inequality. If everyone earned the same amount, it would mean that Singapore is a communist state.

Income inequality is ok, problem is income inequity.

 

[TopSage]

Alternatively we could see that report as Pappies created business environment and conditions for riches and elites to become richer.
What happened to middle-class and poor men in the past 10 years?

While Singapore was generating millionaires at record rate it is generating poverty and thinnng the middle class at an even faster rate....

 

[TopSage]

I just read what PM Lee said for the rally...I think he really jialat...
Basically no major changes, he will drive all the broken schemes along without major overhaul...
Whole system now look like the SMRT good for the few who can earn big bucks tout the average Joe will see everything deteriorate

 

[tanwahp]

For Singapore, the millionaires gimmick the biggest con job PAP can pull.

There are hundreds of such wealth surveys generated around the world every day, but Singapore can only cite a few among them as "evidence". Big and small, there are so many countless financial agencies in the world all coming with their own surveys.

In this survey by the more credible and heard-of BCG, Singapore is only no. 5 in density. That's despite inviting so many top tyrants from China and Myanmar into Singapore who will naturally be millionaires after corrupting so much of their own countries.

http://finance.yahoo.com/news/world-more-millionaires-234922509.html
http://www.huffingtonpost.com/2013/06/10/highest-density-millionaires_n_3417275.html

 

[Narong Wongwan]

Seriously guys....still talkin about TURNING POINT?
That ship sailed long ago....,
These vile whites Devils won't become angels overnight....
Time for them to go...we have to kick them out....