Serious Sinkies' Reserves Are Sacrosanct! Cannot Vote In Oppies At All Costs!

[JohnTan]

Singapore's reserves play an existential role in the survival of our nation.

They give the Singapore dollar its purchasing power or strength. The stronger the dollar, the more goods and services it can buy.

We can not only afford the many luxuries of life, but also influence the market to our advantage through the relative strength of the Singdollar.

Finance Minister Heng Swee Keat recalls how apprehensive he was when serving in the Monetary Authority of Singapore during the global financial crisis (Reserves 'help S'pore weather crises and keep economy stable'; Dec 6).

Singapore was spared the worst because our significant reserves protected the Singdollar.

A recent report about a shortage of bus drivers in Malaysia revealed that many Malaysians prefer working in Singapore because the superior Singdollar means their earnings here easily translate to about three times the amount they might have earned in Malaysia.



By the same token, some Malaysian institutions are mired in debt because the weak ringgit led to rising costs that made them uncompetitive.

In contrast, the strong Singdollar, backed by the formidable firepower of our vast reserves, is able to keep costs low for Singapore institutions and businesses.

We are also able to entice the best and brightest minds to work for us because we can afford to pay in hard currency.

In short, our reserves are sacrosanct and must be protected at all costs.

Tan Yip Meng

http://www.straitstimes.com/forum/l...pores-reserves-must-be-protected-at-all-costs

 

[ToaPehGong]

Yes, vote for the PAP and let them control our reserves and abuse them however they like. We shouldn't change this status as we're so used to it anyway.

 

[greedy and cunning]

A recent report about a shortage of bus drivers in Malaysia revealed that many Malaysians prefer working in Singapore because the superior Singdollar means their earnings here easily translate to about three times the amount they might have earned in Malaysia.

By the same token, some Malaysian institutions are mired in debt because the weak ringgit led to rising costs that made them uncompetitive.
In contrast, the strong Singdollar, backed by the formidable firepower of our vast reserves, is able to keep costs low for Singapore institutions and businesses.

tis ah Tan Yip meng talking what ?
besides the strong sinkdollars
one reason malaysians prefer workin in sillypoore is the close proximity , another is sillypoore is looking for cheap labour
and allowed these group of workers to come in.
if europe and americunt advertised for bus drivers in mudland , i am sure many will apply too.

strong sinkdollars where got keep costs low.
every business man knows it cost an arm and a leg to operate in sillypoore,
with rental being a major cost.

reserve is mostly in gold , euro , US$ , and pound
the de facto currencies for reserve in most countries.
some strange thing is going on in our world
the 4 cuntries with the highest external debt are USA , England , germany and france.
so how safe is sillypoore reserve ?

 

[hofmann]

reserve is mostly in gold , euro , US$ , and pound
the de facto currencies for reserve in most countries.
some strange thing is going on in our world
the 4 cuntries with the highest external debt are USA , England , germany and france.
so how safe is sillypoore reserve ?

As safe as the reserves of USA, England, Germany and France... As u pointed out our sing dollar is effectively a portion of those currencies, giving it real intrinsic value as backed by our reserves.

The real value of our sing dollar lies in it's convertibility to USD (and other major currencies) which let's us buy shit from the rest of the world.

Yusof Ishak gets traded up for Ben Franklin

 

[bobby]

Yes...I feel very safe that our reserves jaga by Macik....do good, do together.

 

[virus]

their purchasing power or gambling habits on losing streak?