SG govt artificially raises GDP growth through deception

[True Believer]

If you want Singapore to have a microchip giant like TSMC. It would probably in other lifetime. Innovation and overhaul of the economic model is impossible. They simply do not want to spend time and effort. If you want significant resident workforce, this is not possible as the damage is permanent. Whether in terms of mindset, supporting educational institutions, birthrate. It's dying of a slow death.

SG's economic strategy is focused on being a hub for finance, logistics and high-tech manufacturing. However, not in the same way as TSMC, which is a specialised foundry. The govt's push for innovation is evident, but creating a global giant like TSMC requires talent pool, deep expertise, massive capital and a long-term strategic focus; this does not align with our economic strengths.

 

[True Believer]

Some people get triggered when I tell them they're only a leasee. They do not own the HDB and they at most own the strata space. Boomers esp are either very delulu or ill informed. It is a lost cause.

Older S'poreans believe that buying a HDB flat is a symbol of stability, which for up to 85% of S'poreans, is the closest they will ever come to "owning" a home here. The concept of a 99-year lease has only started to sink in as older HDB estates near the end of their leases. The issue of "ownership" is becoming more of a concern for younger generations who are more aware of the legal and financial implications than their parents and grandparents.

 

[Vlad Tepes]

SG's economic strategy is focused on being a hub for finance, logistics and high-tech manufacturing. However, not in the same way as TSMC, which is a specialised foundry. The govt's push for innovation is evident, but creating a global giant like TSMC requires talent pool, deep expertise, massive capital and a long-term strategic focus; this does not align with our economic strengths.

“this does not align with our economic strengths.” = Unfortunately, I am not that educated to fully understand the specifics.

 

[True Believer]

“this does not align with our economic strengths.” = Unfortunately, I am not that educated to fully understand the specifics.

TSMC specialises in manufacturing chips designed by Apple, Nvidia and AMD which requires a staggering amount of $$$ to build multi-billion-dollar fabrication plants. A deep and specialised pool of engineers and scientists focused exclusively on semiconductor fabrication is also needed. Our govt has instead chosen to be a diversified and resilient hub for many high-value industries.

 

[hbk75]

Basically sinkapore is a laundry hub. So much dirty came in and causes interest rates to drop when fed rates are still above 4%