Billion-dollar money laundering case: What’s the impact? | CNA Explains

[@yslee1401]

13 to 17 months in jail is a joke. 13 to 17 years would more commensurate the gravity of this crime. But then again, they are just the anchovies

[@cryptoboy7212]

If you think about it they are the biggest donation made to Singapore government and that money can put to good use just a fun fact

[@davidwong7283]

yea anytime i dont mind going in for 13-17 months ....with a million dollars stashed away , i know i am pretty set for life . now everyday is a struggle to work & work & work ......all that stress , lack of sleep , worries ....geez ...

[@Vesa1880]

That sentencing just incentivizes more foreign people with no career alternatives to gamble on scamming and AML as a living, because what's the worst that could happen to you anyway?! 1 to 1.5 year in a clean jail with decent food and a roof above one's head is not a bad deal for a chance to win up to several 100s of millions worth of cars, jewelry, houses, etc. when you see on the flip side that other folks in the same country get more than 10 years for delivering a bit of hashish across the town in exchange of a few thousands to cover their needs and subsistence, that sentencing looks completely out of rack, doesn't it? Plus, the reality is that SG just shifted the problem out of the country. Namely, by deporting the criminals in countries like Cambodia, Vanuatu, St Kitts and Nevis or the likes, where these convicted individuals might not even be put behind the bars or be subjected to penalties because the jurisdiction they were sent to would not recognize the sentencing or enforce it on their own territory. Ridiculous procedere, which seriously undermines SG's legitimacy

[@gohkr5062]

Nonsense bullcrap by the "professors"... Singaporean shoplifters or theives get even heavier penalties than these billion-dollar launderers... they were only let off with light sentences because they bought us out by forfeiting assets... In Singapore, if you have money, you win... or at least you won't loose so badly..

[@gohkr5062]

​@@cryptoboy7212That's why they got the light sentences... Because of their "donations"...

[@davidwong7283]

13-17 months is less than my national service ...wow !!

[@shem44]

1 Takeaway from this case is that money laundering is profitable and worth the jail sentence.

[@pehclark7256]

But the societal harm hurt both country’s Economy where it happened and where the dirty money is from.

[@pheunthai]

@@pehclark7256Exactly, but the laughable sentences do not reflect the severity of these cases.

[@marvelcomiks8078]

Look at it this way, if a country's reserve is 10 billion dollars and they took 50 long years to build and get that amount of money. And YOU stole 12 billion from somewhere and contributed 10 billion dollars to them keeping 2 billion for yourself...your contribution to them would be equivalent to their 50 years of hardships. In a sense you ARE the father of the country or of equal standing to the founder, how can they even jail you?

[@DogeMultiverse]

17 months jail for $1billion dollars with multi millions missing? Still higher pay than most blue collar jobs

[@AlexLim-u8v]

Professor Mak YT is absolutely correct, the social costs have been absolutely downplayed. this is probably a material factor in driving up costs of accommodation. I am very surprised the skyrocketed selling prices of coffeeshops are not implicated in this scam.... the social costs are at this point in time not reversible... HDB flats will stay heightened for an extended period.

[@gohkr5062]

Plenty of empty shop houses and coffeeshops used for laundering

[@LonganLee]

But high amounts of sales transactions contribute to GDP right? If we add up every such laundering? Known and unknown , if any. So if all laundering removed how is GDP affected? This is a neutral technical question that is valid. A 0.1% difference in GDP growth can mean a technical recession or not. If I own a GCB, I would welcome anyone to throw $50m at me to buy my GCB and I would even call him daddy and do a naked dance for him

[@lunazero433]

Why did you have to get them to agree to forefeit 90-100% of the money? If you know that the money was gotten illegally shouldn't you just take 100% of it without caring if they agree or not?

[@ktng3176]

Believe me, these guys will make a comeback soon 🤪

[@JojoJoget]

Because they get kickbacks and want repeat customers 😂

[@HenryHoe]

That's what I'm confused about as well

[@aliabdulkader3465]

And can allow a criminal to choose which country to go ONLY IN SG.

[@angelatakano6072]

Agree

[@gtwace3]

I believe many money laundering businesses have already pushed up the cost of living by pushing up Rentals, COEs, Property Prices, just that those money laundering businesses are more under the radar and have better money laundering practices.

[@tiries3471]

Singapore has the best money laundering service in the world. Indeed. Singapore reputation as launderer will attract more customers and triads, scammers.

[@yslee1401]

@@tiries3471 but Russian oligarchs still prefer London as their laundromat

[@dutchmilk]

@@yslee1401 cause of political reason. Singapore has to maintain a front.

[@sgfuture7114]

How these foreigners allowed to buy 100 over luxury properties, 50 over luxury cars and deposit billion over cash in our bank???

[@yslee1401]

@sgfuture7114 agreed. Many would have needed to turned a blind eye along the way

[@clarameili8565]

Nvrm lah, let them buy buy buy, pay taxes , then forfeit all 😊. Price push up are high en stuff😅

[@Vesa1880]

Most importantly purchasing cars, houses (GCB), jewels, cars without taking mortgages or leasing and by paying full or large chunks in cash... This would have turned the red alert to anyone who's got the smallest sense of diligence and cares about doing business ethically. But because businesses (real estate, resellers, distributors, etc) had a lot to win and massive conflicts of interest, they just turned a blind eye on it, accepted the cash and sold the goods at horrendous prices

[@yslee1401]

@Vesa1880 or renting GCBs paying yearly advanced rentals would raise many eyebrows but real estate agents that makes those commissions would never say no and would zip their lips

[@vincecarlo]

MAS 😴😴

[@ArabicReja973]

The Singaporean government had known about Chinese 🇨🇳 money laundering organizations operating in Singapore 🇸🇬 for a long time but *quietly looked the other way.* - Singapore only started investigating them when there were reports circulating around in the West.

[@yslee1401]

@@ArabicReja973 yeah, suspect trigger was the arrest of a few Chinese nationals in Sydney posh suburb of Vaucluse (doing the same thing in their $10M home, a few luxury cars, plenty of luxury goods, cash, thumb drives with bitcoins etc) and the raid and closure of Chang Jiang money changer group by Australian Federal Police

[@tedchandran]

Jai Hind. Why the West. More likely from governments of pig slaughtering victims likely in ASEAN, China or India etc.

[@tiries3471]

ingapore has the best money laundering service in the world. Indeed. Singapore reputation as launderer will attract more customers and triads, scammer. It is a staging island for china man escaping from communism and shared prosperity. The Malays are the natives reduced to 13% by genocide.

[@lionsgp]

This is ww issue.why your own country government cannot do a better job than sg ,yet tou still comment on sg.go back n critise your own govt

[@tiries3471]

@@lionsgp People ww just realising sg is controlled by china.

[@kncnsm]

13-18 mths sentences isn't going to deter future offenders. I guess money launderers are not going to avoid Singapore. They'll just send fresh faces

[@yslee1401]

@@kncnsm it certainly acts an an inducement for future money launderers to setup more bases out of Singapore

[@clementihammock7572]

Aha, Village with surname Su has vanished, and Anonymous Village will be gathered here with new modus operandi soon. 😂

[@tiries3471]

@@yslee1401 precisely. Why didn't the dog bark? Because the light sentence is an open invitation. Come bring your money. The more foreign money that flows in the higher the sgd.

[@JojoJoget]

They want repeat customers

[@pehclark7256]

All come here and Dubai. Jho low prefer Dubai. Wash a lot of 1mdb money to spend in Shanghai Liao. One of his dinners involves gold leaves Truffles leh.

[@JonKhoo76]

Why can’t the faces of the convicted be made public?! 🤔

[@tiries3471]

chinese all look the same ma

[@joannecyko]

Their families get to stay in Singapore after they convicted guilty and deported? It’s like opening a back door for the money to come back again.

[@lurvecr]

these are the ones caught (due to great pressure from China) there are many many more still living at large in SG Imagine their unmitigated impact on our property prices Only ones laughing to the bank is the PAP cos of the artificially boosted GDP

[@woshilinlaobei]

Very obvious it is pressured by CCP, the layman Singaporean are clueless to this.

[@pheunthai]

A good place to start is Citygate condo.

[@pheunthai]

In Japan, those in power would have bowed in shame, apologize and resign. But the authority here has not even acknowledged their oversight, let alone apologize or resign. The authority better has almost never taken responsibility for anything.

[@ninakhan3803]

That's chicken droppings. No wonder Jho across the strait had a good time in Singapore.

[@tiries3471]

Singapore has the best money laundering service in the world. Indeed. Singapore reputation as launderer will attract more customers and triads, scammer. Come launder your money here.

[@lionsgp]

Msia cannot even catch jho..wat a joke after so many years...learn from sg lah.upgrade msia IT system

[@ninakhan3803]

@@lionsgp Don't feel blue and defensive. It's an article from Singapore and by Singaporeans who wished for heavier penalties for scammers.

[@mypandabear50344]

And the then MAS chef just quietly walks away. Is this country really serious?!

[@tiries3471]

It is not a country. It is a staging island. Mostly china men escaping communism. And shared prosperity.

[@yslee1401]

@@mypandabear50344 someone way above his pay grade with titanium strings seems to be shining the torch

[@skyvern78]

13 to 17 month wow, it is publicly marketing to the world that Singapore is the best place to launder. no wonder scam is the best business now.

[@pheunthai]

I made 3 bil from money laundering. I give 1 bil to govt as plea bargain, spend 1 year in prison being housed and fed buy the generous govt, go out and enjoy my 2 bil. Win-win for me

[@jovimathews]

@@skyvern78 13 to 17 months is even shorter than NS, during which several men died while serving their country for two years.

[@zraiderz]

why deport them? should give them pr and citizenships for bringing in money to sg no?

[@zhihongyin8646]

so humor

[@Jerryp7292]

If vandalism to physical private properties that can be repaired in the amount 10k to 100k warrants 6 strokes of canes for Michael Fay, I think vandalism to the intangible reputation and social cost of entire Singapore warrants 16 strokes of cane at least maybe? Jail them for lesser years is fine, but let think twice before attempting to put Singapore's reputation to shame....

[@tiries3471]

Singapore has the best money laundering service in the world. Indeed. Singapore reputation as launderer will attract more customers and triads, scammer

[@TheHuggableEmpire]

I'd rather go to jail for 15 months than NS for 22.

[@JojoJoget]

Vote PAP out

[@beelichoong2143]

SINGAPORE "CLEAN" brand! So...oooo FAMOUS ! Good Luck.

[@Repomex01]

Who kept the seized assets?

[@TMM-N]

Money laundering causes speculative upward movement of prices because the owner is investing not to get the ROI but just to clean the money. Every new real estate taken over by the scammers and causes the real estate prices to goes up

[@anthonytran7566]

Charges taken in consideration !!!!!?????

[@delmaregals]

Where did they get the money from though???

[@elivingpteltd912]

Why are their faces animated?

[@woshilinlaobei]

Singapore is too scared to show their faces, what a joke!

[@Princeht305]

We all foreigners who live in SG know that those Money Laundry keep in Singapore, lets be fair, those Private Banker keep flying around to Indonesia, HK, China to get more customers, The Army Jendral from Myanmar using their proxy to keep their money in one of Singaporean Bank, those China Wealthy familly slowly slowly move their money out to Singapore, buying new condo, new shop house, Property Agent also play important role and take the benefit from this "Housing Sale and Purchase" transaction. Those "Hawala" transaction which happen in Raffles Place and Chinatown is huge, and it happen everyday. Do you think gov of SG do not know this? BS leh. Please do not talk money laundry when you only punish 12 month to 17 month jail, its completely bullshit.

[@ChengBoonTan-c4t]

how abt HDB?

[@RonniePhua]

I reckon money laundering has been in activity more than 3 decades ago. I reckon all financial centres are laundering centres eg London etc.

[@yslee1401]

@@RonniePhua when I was in London a few months back, one of the tour guides whispered that London was the favourite laundromat for Russian oligarchs after Soviet Union fell. It’s now the Playstore for Chinese billionaires

[@hunkie75]

back then was indo. prc still behind the great walls cannot come out

[@yslee1401]

@@hunkie75 and before that, Malaysian politicians and royals

[@animaze8043]

The jail terms are indeed super low - but would Singapore want to foot the bill for foreigners in jail? - the worst punishment would be to extradite the persons to China.

[@lionsgp]

They already hv few billions forefeited...enough to pay billions year in jail.no need taxpayer $ lah

[@jovimathews]

@@animaze8043 13 to 17 months is even shorter than NS, during which several men died while serving their country for two years.

[@youtubeattacker]

Months?

[@youtubeattacker]

Good way to promote money laundering.

[@chenweida4579]

We talk abt the impact, but then the sentencing is so low...

[@hanjudgement]

No matter what the length of sentencing is a joke

[@lenkiatleong]

Money launderers will go elsewhere instead of SG. Let's not be naive. How does Switzerland do so well or much better than other G7 nations?

[@yslee1401]

@@lenkiatleong there are plenty of these mainlanders in Sydney and Melbourne doing just that. The arrest of Chinese nationals in Vaucluse (an upmarket suburb in Sydney) a few months before the SG one was just the tip of the iceberg

[@tiries3471]

@@yslee1401 china men running away from communism and shared prosperity.

[@newj-ib1bn]

Ok so are you saying we should continue?

[@lenkiatleong]

@@newj-ib1bn , The wisdom is, why rock the boat when the world leaders in this aspect are not rocking it? Perhaps, could do it silently instead of blowing the trumpets so loud?

[@tiries3471]

@@lenkiatleong of course must continue. It is the only way to survive. No land no resources. How to make big money but be the centre of dirty money? For all the crooks in the the world.

[@miklee4834]

pap loves for prcs and anything prc has no limits. prc culture is here for sure. I am sure some prcs are harbouring those still at large.

[@tiries3471]

According to gul, Ch8na is running Singapore. That is why millions of communist brought by lee kuan yew.

[@0157matt]

Singapore has suffered in this money laundering scheme....

[@LonganLee]

Is it that if future launderers follow the steps of this gang, they too can get themselves the same "lengthy" jail terms to enjoy? Will robbers , thieves turn to this industry resulting in less robbery ?

[@saikoloji]

What’s that blurred ghost behind the male speaker in suit?

[@jrukawa11]

Lawyer fees are also a percentage

[@jostew8846]

thinking about it now, jail time for less than 2 years seems very very very light given the gravity of how much they stole. It would be fascinating to understand what the thought process here was like... In Vietnam, 2 couples jailed for 5 years (maybe a little less) for stealing luxury bags... see the disparity, but then again it's a different country and different laws. Then again, in the Philippines - a Senator was jailed for graft and corruption and plead not guilty. However, the government will allow him to be released on condition that he return what he stole - then that would mean a submission of guilt. And here's the twist, once he was released - the said criminal "ran for senator or whatever public office position that is".

[@YYPeh]

7:25 why does that guy keep on saying right right right? Left how?

[@edgyguy8240]

CNA, the sound effects are more suitable for an Indonesian ghost movie than a news report. Do you need a creative director? I'm quite reasonably priced.

[@saisamsuri]

"Will go into Singapore' consolidated funds." Did the money even come from Singapore to begin with?

[@dutchmilk]

Yea nothing get pass the country without anyone in the government knowing. PAP still treat the common folks as if no one knows what is going on.

[@ThickBanana]

A lot of similar activities came out of Chinese-run POGOs in the Philippines, leading to great negative externalities in a country that can't afford to have such crimes. For this reason, POGOs are now banned.

[@jbg1575]

3 billion is like 5-6 new MRT station construction projects

[@RL-wf7dx]

Why they try to downside the offense?

[@anziar3038]

The case has further enhanced the reputation of the PAP govt as not only the most effective but also the most responsible in the world.❤❤

[@tiries3471]

Guo website says China is running singapore. China imperialism and genocide of malays today.

[@vincecarlo]

Can EXPERTS Comment on CORRUPTION Of Ex Minister of Transport ?

[@jemkoh]

now that the deed is already done, how can we put downward pressure on the social impact and inflation that is caused by money laundering cases? It is absolutely unfair for the common folk to be paying more on everything because of this.

[@LonganLee]

Who knows the absolute actual total money laundering in sg since the country was founded till today? If you say you know, you need to prove it. I am not saying there is other laundering that was never detected nor there are some on-going. I am asking you to confront reality. Since since the expert said (I paraphrase) money laundering happens all over the world, so the fact that SG also has is not surprising, then is the SG clean image based on a Perception given that I doubt anyone can prove how many crimes are committed absolutely. So, if dirt is in all countries, then is SG Clean? My smart alek solution: Pay them a few millions a year more. They will be able to ensure there is absolutely no money laundering, I hope.

[@woshilinlaobei]

He said banks are made conduits... we all know banks want AUM and revenue, so stop the hypocrisy! Laughable nonsense from these fools.

[@LonganLee]

@@woshilinlaobei ya, is he saying SG is great and clean and like all countries, there is laundering? And more money is parked in SG than in many other countries? So, how much is laundering, how much is clean? Without independent audit, we can only base on Believing claims made by people. Fortunately, SG is not hub for laundering at least not officially🤭👏

[@woshilinlaobei]

@@LonganLee SG should just stop the hypocrisy already or act like they are so "SHOCKED" that this is happening... MAS definitely knows what is going on, the bankers know what is going on... if u are in finance u should know what this is all about, so we have to stop this pretense like we dont know what is going on. All these VCC, SFO, MFO are tools to facilitate these... we are not even at the "underground money exchange services" that has been around for the longest time yet.... So i can only tell you that if u dont know a lot of these people who have knowledge or access, try, hanging out with the "right" people and u know whats really happening within singapore. its just unfortunate that i happen to know a lot more than you.... i will stop here 😂

[@diypromax]

Also majority people said there's no more food safety or other safety as singapore became a multi-nation country, multi-nation-singapore so even with the saf soldiers also no use, it's the pap party mistakes and there's no way to u-turn back.

[@djc1167]

With how strict Singapore is with their money laundering laws and was able to seize S$3B worth of assets, imagine how much more these groups launder in other SEA countries. Probably reaches tens of billions of dollars.

[@yslee1401]

@@pehclark7256 and that’s probably not all that have surfaced

[@paparoti4006]

Cheena embassy give permission to mha to make video ?

[@tiries3471]

@@ToiChutGongWu just admit lah. China is running Singapore. Millions of communists running away from shared prosperity back home in China.

[@wynn3077]

@@ToiChutGongWu Don’t forget to stay within YT guidelines 😜

[@testchannel7208]

The properties are confiscated and can be sold of. Where does the money go to. Any accounts on how its being used? Does it benefit Singaporeans?

[@jovimathews]

27-year-old Chinese national Wu Jinxing has been charged. Wu is believed to be a part of a foreign syndicate from China 🇨🇳…. We still waiting for Alice Guo? 😂

[@yslee1401]

@@jovimathews all these perpetrators are from PRC

[@shaqisumari304]

Wow, no wonder its a good destination

[@soonhockchua3740]

Old news lah. Nothing better to do? Go investigate West financial centres like New York?

[@p72029]

A nut watching old news ...am i right...

[@CopingContinuous]

Money laundering in Singapore?! What a BIG surprise??!!

[@paulr1125]

Singapore has lost its status as clean and green , and there is probably more to come . The convicted sentences were too light , and they should lose all their money

[@LonganLee]

If the exact same crime committed by locally born singaporeans, will they get the exact same "lengthy" jail terms? Sg Rule of Law. Based on Justice and Equality so as to achieve

[@Oldlee-g6r]

The rich is protected

[@yslee1401]

@@Oldlee-g6r and these 10 TiongKok fellas are just foot soldiers serving their Generals

[@kennethgoh7198]

Also, “The offenders agreed to?” What the hell, so nice ah our law, we must seek permission of offenders. Lol

[@MrRickySoh]

Money laundry itself can’t be the major crime for those crime where the money were obtained therefore it’s unfair to punish base on merit of origin. My personal view.

[@LonganLee]

What is the political motive behind this movie? I must say, none🤭 Is she proud to be playing the role she is playing? I must say, i donno. I believe this episode is not in any way trying to sugar coat or apologise for the handling. I have to be perceived to be politically correct and not just being so. In the name of honesty

[@MightyRoy]

When they are out of jail they will celebrate, because police only confiscated the cash, but each of them has a hidden bitcoin stash worth billions more, and the key to their bitcoin is in not part of the physical world, but stored in memory.

[@xiaohuijin4952]

Finally where will be this 2.8billion dollars?

[@426dfv]

the background sound effect so annoying... unnecessary

[@pringlessourcream9527]

Many are running back to HK, under the control of ...

[@ichigobagus]

Someone did ask : What's wrong with making More Money ? 🎉😊

[@wytrose4602]

Wish you could help the people here in the USA who have had fraudulent deeds for their home funneling through a llc. They used your bank to hold the account. Thousands of ho mes have been taken..Sadly its at the very top..

[@DonYang73]

Just shows the integrity of the property and banking industry lah…. Red flags seem to have been swept under for the ske of $$$$.

[@Yap8660]

Whenever you work at high level, you must wear hardness.

[@kengleetan63]

All wayang, the sentences show that the message to such ppl is...don't worry please come. These money washers are needed to prop the market and with taxes, fees etc paid and amount that the state can forfeit, they are still given the ...RED CARPET. 😆😆😆

[@delmaregals]

Most likely linked to the scammers Forex, investment, pig butchering, etc. That is massive amount of money.

[@andreandree4384]

17 months in jail for 1b, please give that job 😂😂.. I will take it 😂😂.

[@Fr.VeniceLAI]

Opine, will impact on Singapore Banks !!

[@pehclark7256]

Bingo, DBS, HSBC.

[@LonganLee]

The guy say there is a Social Cost to allowing the rich park money here? So, what does he imply? Is it : 1. The Policy flaw? 2. Policy maker did not expect this social cost ?

[@Manship1234]

Rich money launderers living in huge GCB, while Singaporeans living in tiny HDB

[@ktng3176]

😂😂😂

[@yslee1401]

@@Manship1234 welcome to the new world order

[@Zayn-jc4zt]

Rich money launders living in huge GCB but end up behind bars with property all being confiscated whereas those from tiny HBD upgrade to bigger property.

[@pehclark7256]

you forgot where the nightclub hostess,韓非子， that bullied sinkie nurse in SGH（for stubbed toe） lived in Marina bayfront luxury service apartment huh. there a lot of other hostess like that leh but they low key liao. Also why Whiskey cost so much. I love Wine connection.

[@yslee1401]

@@Manship1234 Money No Enough IV

[@sttalk2500]

This money laundering is a possibility that will contribute to the high cost of living, will Lawrence Wong agree to it?

[@81392835]

Thank you for a brilliantly produced episode

[@kuomingtan8241]

Money launedery has become the scape goat for inflation.

[@durianpeople]

"agreed to forfeit between 90%..." so generous to still get $100mil for their hard-earned laundering work 😂

[@fairworld2522]

That guys is requesting for more whistleblowing power because he is the biggest whistleblower for DBS CeO salary to be reduced.

[@tancolvis5240]

those billions can use to pay for the cost of building sea water walls

[@TheKeatavich]

Why do other crimes if high profit and low penalty for money laundering😅

[@kimwahchueng5291]

Bottomline: biz as usual while up keeping some window dressings?

[@sheikinsingapore5984]

This is people money so govt should give back this money to those peoples.

[@LonganLee]

Ok lah, i believe you🤭

[@megadisc1982]

thanks government

[@Blackhonda666]

Fiction arrest? If not why never show their faces. So Singapore is not corrupted? Kick PAP out😊

[@Rav-pv2en]

I wonder what exposure the banks have in this case to the individuals. Only the cold hard cash is the loss incurred by the individuals. The rest of the cars, houses etc are the problems of the banks / authorities to auction and recover the monies. In my view, these people got away light. They still have sizable assets overseas to like like royalty.

[@pehclark7256]

Their bank no money liao and scared of bank runs, thats why restrict withdrawal to 500 yuan rmb at ATM and QR payment. hence the Drama you see sometimes in local supermarket when they bought many stuff but alipay/wechatpay cannot pay at all. Show off Drama that are fun to watch,

[@pilaps9566]

Ang the plot unfolding when one of the money laundering convict in Singapore is also an investor in scam pogo in philippines linked to another syndicate personality Alice Guo.

[@johnnyang2472]

Home affairs is sleeping.

[@hansblok1063]

He moneys should be going to a fund for scam and fraud victims, managed with integrity.

[@aldsbote]

I have so many question about this case : what is that logo brand name embroidered on every tops u wear?🤔🤔🤔😻✌️

[@MrRickySoh]

Money laundry is to facilitate crime however it’s bundled with many types of crimes therefore it’s hard to determine punishment if it’s based on that E.g. for phone scam or for sales of heroin drugs

[@JJ-iu6sr]

Did I hear wrongly, timeline 9.50, the NUS professor said S'pore is one of the few developing countries...wait...is Singapore a developing country?!!

[@yslee1401]

@JJ-iu6sr yeah, I was puzzled too. Based on OECD GDP per capita of >USD50k,, SG is a developed nation

[@tiries3471]

@@yslee1401 a pirate island. The Malays are poor

[@JojoJoget]

Who cares what the definition of it is, every country is technically a developing country because it doesn’t stop developing

[@woshilinlaobei]

It is actually third world yes, get real.

[@peternelson583]

I see people so excited to queue at POSB. I think its good to be jobless and lazy in SG.

[@pehclark7256]

Still better than being Jobless and homeless internet cafe 大神 in East Asia.Esp Shenzhen.