Singapore has one of the world's highest foreign debts! Narrated by Tom McKay Video Edited by Iyanbriandi Inquiries: behindasian@gmail.com Brought to you by the Behind Asian Team.
Пікірлер: 77
@BehindAsiaАй бұрын
Do you think having a big foreign debt is bad for Singapore? Let us know down below!
@joeallencaseres2035Ай бұрын
Absolutely yes
@jerichochee1272Ай бұрын
Some debt is helpful. They can have a little, as a treat.
@ericchong4252Ай бұрын
Too much debt
@ChandraChandra-er7nfАй бұрын
Yes.. SG will go down
@mynameis0077Ай бұрын
Debt is always a ticking time bomb. When foreigners deposited a huge amount of funds into Singapore, these people will withdraw the funds during crisis. Country like Japan has a huge dept higher than Singapore but that didn't bankrupt the country. Probably because the country has a strong manufacturing industries backing the income of the country. My point is Singapore should diverse its dependence on foreign funds. Should instead encourage its people to heavily engage in all sectors of manufacturing industries including high-tech equipments. Standing on your own two feet is always safer and better than depending on others to support you.
@khoolw2501Ай бұрын
The $2.6T are Singapore bank loans to the neighbours. It’s bank assets, not debt owed by the SG gov. Where did you learn finance?
@Abdul_Rahman86Ай бұрын
Depends what Singapore does with the DEBT. Sometimes DEBT produces income if it’s spent in the right way. I’d rather be $100k in debt but generate plenty of Cash flow that not only covers my debt repayment obligations but also give my a profit than have $100k worth of income which I have to pay taxes on and will inevitably corrode away due to inflation .
@MrGunsterАй бұрын
3:03 is not Singapore @_@
@clementihammock7572Ай бұрын
occasionally this trick was done deliberately, to gaslight Sg is part of China.
@arnoldgoh5625Ай бұрын
I was gonna say
@soosainathan1753Ай бұрын
In short if external sources feel confident enough to pump in money from other countries, it show confidence in the system and governance. Just how much of that money originates from Indonesia, Malaysia Brunei etc. It is reflected in the strength of its currency.
@singapooАй бұрын
As one of the world's leading financial centres, the external debts are mainly deposits kept in Singapore banks by overseas banks and depositors. When borrowers take up loans, these deposits become part of the external assets. Importantly, the investment returns are more than sufficient to cover debt servicing costs.
@arnoldgoh5625Ай бұрын
3:04 is not an image of Singapore
@2001lextalionisАй бұрын
As with most economic indicators and govt spending, its going to boil down to how the money was spent and service cost of the debt
@oldtabrough1026Ай бұрын
After watching this video, I still have no idea what he is talking. I failed my Economics during my A-levels exam
@ohenghwa9549Ай бұрын
How can it be singapore borrow from china
@jimcuerlusano7091Ай бұрын
2.6 trillion singapore dollar when converted to ph peso is 117 trillion ph peso but ph foreign debt is only 12 trillion ph peso and rising to 15 trillion ph peso because of current inflation and interest rate
@hikkomorisgАй бұрын
“If you owe your bank manager a thousand pounds, you are at his mercy. If you owe him a million pounds, he is at yours.” - John Maynard Keynes
@jimcuerlusano7091Ай бұрын
and for Malaysian foreign debt versus philippines they have 2 tines higher versus philioppines but their population is very fee versus ph population
@thingsall1347Ай бұрын
Hello Singapore, what can I help you
@wwbrenАй бұрын
The whole video is made just for that 2 sec at 1:31. One has to think why this is highlighted for a topic that's only mildly relevant (Video can't even say China is one of the creditors of Singapore). Japan was just thrown in as a red herring.
@weeshooen9510Ай бұрын
If the foreign debt is not the Sg sovereign debt owed to IMF or World Bank, Sg govt has no risk of becoming bankrupt.
@chuageokseng2168Ай бұрын
National debt Versus Singapore bond rating AAA ranking.
@chuageokseng2168Ай бұрын
Malaysia bond rating BBB ranking.
@chuageokseng2168Ай бұрын
Good debt Versus Bad debt.
@jimcuerlusano7091Ай бұрын
It is very true that Ph economy is so strong and stable versus many other countries accross the Globe and Almost similar with Indian economy eventhough indian population is 10 times higher versus philiippines
@hanselbarlowe2575Ай бұрын
Oh yey go singapore love from the usa❤
@jimcuerlusano7091Ай бұрын
their foreign debt is 10 times higher versus philippines and for china their foreign debt is 80 times higher versus philippines and for america usa their foreign debt is 310 time higher versus philippines
@danieltan8734Ай бұрын
Sin as an external debt from the have, and reinvest back to the country who save money in Sin. so how much the Net Asset of Singapore ? if Sin in Crisis, Who loss ?
@icinliАй бұрын
but I like watching your videos while i'm drunk.
@gavinhccАй бұрын
Lame excuses. Even after excluding the foreign deposits, Singapore foreign debt still stands at 1.3 trillion dollars, among the highest in the world.
@khairuljaffar5979Ай бұрын
Lol still zero net debt overall. Plus, that money is being put to work in keeping markets liquid or invested in long-term projects that would benefit the country. We have low interest rates. It makes sense to borrow, rather than raise taxes or dip into our reserves.
@ohcho-fg4coАй бұрын
If debtors cannot payback, Singapore will be responsible and in big trouble.
@SylviaRodriguezDiamantezАй бұрын
And pay this debt yes that is my name vault
@gangstagummybear3432Ай бұрын
So in other words, it is "rich" because other rich countries put money into it, not that it itself is actually rich.
@ronnie5288Ай бұрын
Borrow too much $ to invest heavily in China..show hand..
@MrGunsterАй бұрын
kzbin.info/www/bejne/e6DMoIqso7BssLc is not Singapore for sure.
@LilSpinosaurEditsАй бұрын
it is singapore, years before the marina bay sands hotel was completed (building with a slight curve at the right) and yet some buildings weren’t even finished.
@MrGunsterАй бұрын
@@LilSpinosaurEdits no it's not, that's China ChongQing that look similar to Singapore MBS. google it :)
@user-yu5tp4tv5zАй бұрын
S'pore has no problem financially!
@johnnyang2472Ай бұрын
Just return CPF after 55 so they can retire with dignity
@khooahok4589Ай бұрын
Rich country why trillion debt 😂
@komeratparewa400Ай бұрын
As long as domestic political stability is maintained and in harmony with Indonesia and Malaysia, whatever Singapore's debt is, it will be safe. On the other hand, if there is a conflict with the two countries, investors will leave.
@shukriramleeАй бұрын
Safe your ass! 😂
@lingthАй бұрын
Malaysia external debt?? Lol they have more issues with the money going into someone else pockets.
@deebusoh9023Ай бұрын
My dog say is a scam
@user-il5rm1rq6j21 күн бұрын
RUBBISH!!
@SuzieSimSGАй бұрын
Utter nonsense.
@bonkersblockАй бұрын
Where did you learn finances statistics and economics? 😂 even if Singapore is a wealthy nation? And finances that they manage? They don’t ‘own’ them! Singapore does have a huge foreign reserve though? But when shit hits the fan? And de-globalization finally hits? Singapore is gonna have to to use their foreign reserves to fund their payments and balance their sheets! The difference between external debt and domestic debt is that domestic debt? Your country can always restructure it! But external debt? You have to make payments in due time, otherwise your credit ratings will fall and interest will go up! 🎉
@chuageokseng2168Ай бұрын
Singapore bond is ranking AAA rating.
@user-sw2wp7hp3cАй бұрын
Trump 2024-32.
@jeek78Ай бұрын
Bankrupt country
@gusdeng6082Ай бұрын
B S
@sweekhimang7886Ай бұрын
Dream on, if going to bankrupt, why there is so many Foreign Billionaires park their money in Singapore recently & Singapore currency is the strongest among Asia countries??
@dtang328823 күн бұрын
@@sweekhimang7886 this guy who wrote 'Bangkrupt country' is a troll from a neighbouring country.