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%

 

[winnipegjets]

Growing the population in S'pore benefits the PAP. When the population increases, it puts pressure on housing and land prices which inflates the value of SG's land reserves. The govt’s financial reserves are estimated to be around $3 trillion, but the land it owns is worth several times that amount. The value of this land increases every time a new HDB record is set. The govt uses the excuse of rising property prices to divert more money from the national budget into housing subsidies, which then flow back into the reserves when land is sold to HDB and private developers. This is done without having to spend money on things that would genuinely improve the lives of S'poreans.

But sinkees are happy with the PAP...just as Americans are happy with Trump. That is all that matters, isn't it?

 

[Vlad Tepes]

But sinkees are happy with the PAP...just as Americans are happy with Trump. That is all that matters, isn't it?

Let's not conflate these 2 together.

 

[True Believer]

But sinkees are happy with the PAP...just as Americans are happy with Trump. That is all that matters, isn't it?

 

[Eisenhut]

LKY did not give up his life. He enriched his entire family.

Cannot say that . He gave up Nassim Jade

 

[True Believer]

Cannot say that . He gave up Nassim Jade

Based on available info, LKY and his son LHL did purchase units at the Nassim Jade condo in 1995. They received hefty discounts from Ong Beng Seng's Hotel Properties Ltd.

 

[True Believer]

PAP ministers may have read their titles wrongly, and think they are mini-stars!

 

[batman1]

Cannot say that . He gave up Nassim Jade

What a big sacrifice.

 

[batman1]

Based on available info, LKY and his son LHL did purchase units at the Nassim Jade condo in 1995. They received hefty discounts from Ong Beng Seng's Hotel Properties Ltd.

Shszzz supposed to be suppressed and swept under the carpet.

 

[syed putra]

And in recent years, the HDB has been using a chunk of that money to publish propaganda ads.

That is a incentive to hey married with guaranteed issuance of debt to the married couple to live in a home.
Unlike in Libya under ghadafi where married couple were given homes for free.