Read more at https://www.channelnewsasia.com/news/business/singapore-dollar-rise-against-the-ringgit-accelerates-2018-high-10760412
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用李
A near bankruptcy country yet still lower then the previous high?
Foong Mun Loh
bro.....M'sia's national debt to GDP ratio far far lower than S'pore........we'll go bust before they do
Alan Rayment
Smin Sky and if it wasn't for Malaysian coming AT everyday what would u do jobs Malaysians do Singaporeans dint want so don't knock Malaysians
Ricky Lim
Foong Mun Loh - evidently you don't understand Singapore debt situation as Singapore is rated as AAA credit rating by international credit rating agencies.
Singapore financial position is very healthy - and why we have a debt position higher than Malaysia?
The reason is how Singapore invest and finance its Government Budget.
(1) Singapore year after year - is having a healthy budget surplus - ie. it has Government revenue exceed Government spendings - and the surplus is channel into Soveregin Fund for investment.
(2) Singapore issued Singapore Government Securities to develop the domestic debt market and for CPF investment - that are risk free ----- to fend off high-risk investment instrument.
(3) Singapore is a major financial hub - that attract overseas depositors to put in our banks and loan to overseas borrowers.
All the above activities cause our debts to spike ----- but it is a very healthy financial situation for Singapore - because we are earning tremendous returns from our investments and debts ---- and our capital or assets far exceed the "debts".
Singapore financial position is very healthy - and why we have a debt position higher than Malaysia?
The reason is how Singapore invest and finance its Government Budget.
(1) Singapore year after year - is having a healthy budget surplus - ie. it has Government revenue exceed Government spendings - and the surplus is channel into Soveregin Fund for investment.
(2) Singapore issued Singapore Government Securities to develop the domestic debt market and for CPF investment - that are risk free ----- to fend off high-risk investment instrument.
(3) Singapore is a major financial hub - that attract overseas depositors to put in our banks and loan to overseas borrowers.
All the above activities cause our debts to spike ----- but it is a very healthy financial situation for Singapore - because we are earning tremendous returns from our investments and debts ---- and our capital or assets far exceed the "debts".
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Ricky Lim
It is precisely our healthy financial situation - that has cause our Singapore dollar to rise against ringgit - not weaknesses.
It is very strange your lack of knowledge - that see Singapore as weak - when in fact we are in a very strong financial position - when we have big capital for investment and as lender (instead of being a borrower).
It is very strange your lack of knowledge - that see Singapore as weak - when in fact we are in a very strong financial position - when we have big capital for investment and as lender (instead of being a borrower).
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Ricky Lim
Singapore don't has fiscal deficit - whereby Government need to borrow to finance government spendings.
In fact, Singapore convert revenue into capital and assets for investment to earn return on investment.
Singapore is a net creditor not net debtors - by up to 200% of GDP versus our domestic debt of 110.5% of GDP - this mean our capital and assets more than cover the debt - and earning potential returns that are not factor into our capital and assets.
Our external debt of US$1.32 trillion - are foreign investors and depositors putting their money into our local bank to help them to earn interest - as Singapore is a major financial hub - and from this deposit - we re-invest to earn higher return - while we will repay foreign depositors their capital and interest upon maturity.
Singapore only issue domestic debts to prop up the debt market - for domestic investment.
(1) Singapore Government Securities - to develop domestic debt market
(2) Special Singapore Government Securities - to allow CPF investors to own and invest
(3) Singapore Saving Bonds - to allow Singaporeans to own the bonds at a good interest rate.
These 3 instruments prop up our debt --- but in fact is Singapore strong financial position that help Singaporeans and Government to create wealth.
In fact, Singapore convert revenue into capital and assets for investment to earn return on investment.
Singapore is a net creditor not net debtors - by up to 200% of GDP versus our domestic debt of 110.5% of GDP - this mean our capital and assets more than cover the debt - and earning potential returns that are not factor into our capital and assets.
Our external debt of US$1.32 trillion - are foreign investors and depositors putting their money into our local bank to help them to earn interest - as Singapore is a major financial hub - and from this deposit - we re-invest to earn higher return - while we will repay foreign depositors their capital and interest upon maturity.
Singapore only issue domestic debts to prop up the debt market - for domestic investment.
(1) Singapore Government Securities - to develop domestic debt market
(2) Special Singapore Government Securities - to allow CPF investors to own and invest
(3) Singapore Saving Bonds - to allow Singaporeans to own the bonds at a good interest rate.
These 3 instruments prop up our debt --- but in fact is Singapore strong financial position that help Singaporeans and Government to create wealth.
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Ricky Lim
It is precisely that Singapore is a reliable and trusted financial hub :-
(1) domestic investors
(2) overseas investors
-- want to put their money and deposit into Singapore to earn interest --- and thus Singapore debt ratio is very high - as we need to repay these investors the capital and interest.
But while doing so, Singapore also earn huge return - by reinvesting the deposit in many safe instruments.
This is explanation why Singapore has high debt ratio -- when we have budget surplus or balanced surplus year after year - because people trust us with the money to invest for them.
Singapore is in a position - where many Countries will aspire to be in.
Yet your comments that Singapore will go bust than Malaysia do - show your lack of knowledge, your ignorance and fanning fake news to cause unnecessary alarm.
(1) domestic investors
(2) overseas investors
-- want to put their money and deposit into Singapore to earn interest --- and thus Singapore debt ratio is very high - as we need to repay these investors the capital and interest.
But while doing so, Singapore also earn huge return - by reinvesting the deposit in many safe instruments.
This is explanation why Singapore has high debt ratio -- when we have budget surplus or balanced surplus year after year - because people trust us with the money to invest for them.
Singapore is in a position - where many Countries will aspire to be in.
Yet your comments that Singapore will go bust than Malaysia do - show your lack of knowledge, your ignorance and fanning fake news to cause unnecessary alarm.
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Ricky Lim
To make the complication - simple:-
Singapore debt is Government deliberately borrow from Singaporeans - pay an attractive interest to Singaporeans (to share wealth and protect Singaporeans from risky investment) - then invest Government revenue into other investment instruments based on its financial expertise to earn higher return (while guaranteeing Singaporean's investment).
Thus Singaporeans :-
(1) CPF
(2) Singapore Saving Bonds
(3) Government bonds and securities
(4) Saving deposits in banks - protected up to $50,000
(5) Insurance policy in Singapore - protected up to $100,000
etc --- are protected and guaranteed by the Singapore Government ---- which in effect sharing wealth with Singaporeans.
Singapore debt is Government deliberately borrow from Singaporeans - pay an attractive interest to Singaporeans (to share wealth and protect Singaporeans from risky investment) - then invest Government revenue into other investment instruments based on its financial expertise to earn higher return (while guaranteeing Singaporean's investment).
Thus Singaporeans :-
(1) CPF
(2) Singapore Saving Bonds
(3) Government bonds and securities
(4) Saving deposits in banks - protected up to $50,000
(5) Insurance policy in Singapore - protected up to $100,000
etc --- are protected and guaranteed by the Singapore Government ---- which in effect sharing wealth with Singaporeans.
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