The rise in prices is only temporary. What happens is that we made use of the USD as the basis of foreign trade. I believe all imports were paid in foreign reserves holdings where the rate of exchange is superior and is accepted by trade partners. However, to join BRICS we need to shed US treasury holdings and pay in local currency. Once the USD tumbles and no longer the reserve currency, SGD will rise in value which is currently AAA status. There is a new payment system apart from SWIFT is the QFS (Quantum Financial System) and gold backed and will be 1-1 in value to similar gold backed currencies.
I agree with this KZbinr that on a normal day, anywhere else, not just Shanghai, even Kuala Lumpur is better than Singapore as Singapore is way too expensive to live luxuriously for a middle income person. However, Singapore is a good place when you’re sheltering from catastrophic events, like Covid 19 as we have seen. Singapore have a top notch government with strong support from their people. Despite the devastating effects of Covid, the Singapore government managed to make sound decisions based on expert recommendations and steer the country towards a balance of ensuring people’s safety and securing livelihood. Singapore’s beauty shines during hard times, not during normal days. However, living within one’s means is important, so it’s perfectly fine for those who wants value for money to consider staying somewhere else.
@laozhou77 Жыл бұрын
Thanks for the comment. I am not sure "a good place when you’re sheltering from catastrophic events" is a major concern for most people though, after all, how many Covid-19 like event are we going to experience within our lifetime? After two months in Singapore, I quite like it and think I can get used to it even though it is not as convenient as Shanghai, but I understand it is getting harder and harder for a lot of people. The friend I mentioned in the video is a senior management in a fortune 500 company and she is feeling a lot of pressure from the 43% raised in rent. That said, it is a free economy so prices will rise and fall based on demand, when it gets too expensive, people will leave and price might come back down. Therefore, my conclusion is that Singapore is becoming a place for elites and those serving the elites.
@eugenelim5502 Жыл бұрын
@@laozhou77Due to US China trade war escalated to a serious level, many Chinese companies or US/European companies coming to Singapore to set up HQ. Because of Singapore status of neutrality, therefore these companies are benefited from "lubricant" in the friction of trade war.
@chairicky4840 Жыл бұрын
Bilingual n excellent education n international passport made a vast diff from the rest
@@yingwangshi5847 Lol.... I am a true-blue Singaporean... In the early 2000, Singapore government and NTUC is pro Foreigner till they start losing seats in election. Singaporean had to thanks themselves for putting more Worker Party members into parliament to force PAP to U Turn their policies. Anyway, like many other Singaporean, I decide to move out of Singapore and live elsewhere 10 years ago. I am now living in Australia. And unlikely to return to Singapore in any near future.
不过,同意你的看法,比较不适合到新加坡生活的可能会是中产阶级。2023年一开年,新加坡 IT 行业突然又裁退了 8000 白领、高薪的人,或中产人员,这些人心灰意冷、心死 ...,新闻又报道70%外企考虑把公司迁出新加坡,理因2023年,新加坡商业租金、房产、物价又暴涨,连西方高科技企业公司都再也受不了...。
@meganfoxbf Жыл бұрын
too crowded in Singapore , Don't need so many ah tiong in Singapore
@stevenlim9640 Жыл бұрын
@@meganfoxbf wat about ah nehs? you like ah nehs?
@meganfoxbf Жыл бұрын
@@stevenlim9640- which is more bastard ah tiong or ah neh ? u agree ? ah neh come to work , ah tiong come bring harm to Singapore.
@Virgo_8236 ай бұрын
這影片觀點看似合理,其實有一個很大的誤點,新加坡貴的並不是消費數字,而是高漲的匯率,你大上海如果匯率可以漲,那比對新幣也就相對便宜對嗎?例如隔壁的馬來西亞,一橋之隔就差了3.5倍,這就是馬勞的悲歌。 這3年的通貨膨脹,所有物品的價格都相對上漲,對於一般平民來說,Hawker center, food court的消費還是相對合理的。新加坡的房租和擁車的費用是真的貴,這2點毋庸置疑。