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.
@老周横眉 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
@@老周横眉Due 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.
@chairicky484011 ай бұрын
Bilingual n excellent education n international passport made a vast diff from the rest
@raywong21125 ай бұрын
Don’t come ok? Thanks 🙏🏼
@tlx199824 күн бұрын
26岁的我也是想来新加坡酒店行业做的,以后想去加拿大新西兰😊
@weuhuaweuhua76762 ай бұрын
跟香港比呢?生活成本哪个贵
@SgL-jc2 ай бұрын
That's one major problem that many are too afraid to say 😂😂
@stevenlim9640 Жыл бұрын
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...。
@meganfoxbf6 ай бұрын
too crowded in Singapore , Don't need so many ah tiong in Singapore
@stevenlim96406 ай бұрын
@@meganfoxbf wat about ah nehs? you like ah nehs?
@meganfoxbf6 ай 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.
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。