Singapore Economic News

[Behappyalways]

Yes Citiraya

騙局?! 化工巨頭「回收鞋」 現蹤印尼跳蚤市場｜秦綾謙｜FOCUS全球新聞 20230228@tvbsfocus
https://m.youtube.com/watch?v=aYJjTRZC158

[CY09]

Hi DreamyBear,

First thing, short posts such as this without further elaboration is not appreciated.
Secondly, if you want to mention it is related to Sheng Siong, could I enquire why is it posted in the "Singapore Economic News" thread?

Acting as moderator

[dreamybear]

Interesting question from the writer, I wonder what does this come under e.g. governance, offence or ???

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Commentary: Is Singapore’s tech start-up scene giving CEOs a free pass for deception?
https://www.channelnewsasia.com/commenta...st-4077011
"...This seems jarring when others who fabricated their credentials in Singapore have faced worse consequences. In December 2023, a woman who forged a bachelor’s degree to secure several jobs over 16 years was sentenced to eight months’ jail. She was caught when one employer fact-checked her credentials with Nanyang Technological University (NTU), who then lodged a police report. Mr Lee’s case may become a non-issue if no Vizzio stakeholder takes legal action.

Why was punishment administered in one case but not the other? Does this suggest double standards between corporate leaders and employees, or the tech sector and the rest of the business world?..."

[touzi]

An interesting view on the Singapore stock market malaise.

Business create wealth; real estate is an expression of wealth. - Isn't that true for all consumer related stocks?

   

[weijian]

Hi touzi,
I think the author is trying to say that people tend to store their wealth in real estate in Singapore. It is quite similar to point4.

[Wildreamz]

An interesting view on the Singapore stock market malaise.

Business create wealth; real estate is an expression of wealth. - Isn't that true for all consumer related stocks?

Thanks for the share. Great points overall. Particularly like the point on PE/PB frequently being used incorrectly. lol

[Behappyalways]

李顯龍交棒:星不能平庸不能自滿 不能捲入大國紛爭 TVBS文茜的世界周報2200 20240511
https://m.youtube.com/watch?v=LVtradj2KRY&t=482s

[weijian]

Probably a case of multiple factors (ample supply, reducing real estate footprint as part of cost savings) coming together. End of the day, location location location for commercial assets isn't too far away.

Changi Business Park emptying out as global tech, finance layoffs take toll

Punggol Digital District, a 50-hectare business park developed by JTC in Singapore’s northeast, will start opening in stages from later this year. One source involved in marketing Changi’s properties described the effect of the new space as killing an already dying patient.

https://www.businesstimes.com.sg/propert...-take-toll

[dreamybear]

It seems there's a pretty good chance working in foreign-owned firms gives a resident a leg-up in social mobility.

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Median Gross Monthly Income From Employment (Including Employer CPF Contributions) of Full-Time Employed Residents
https://stats.mom.gov.sg/Pages/Income-Su...Table.aspx

https://www.straitstimes.com/singapore/j...er-experts
"Their comments come after the Ministry of Manpower (MOM) revealed on Sept 17 that foreign-owned firms made up some 20 per cent of all firms with at least one employee, but they employed 60 per cent of Singapore residents drawing above $12,500 in gross monthly salary.

Singapore “residents” encompass both citizens and permanent residents."

[Behappyalways]

The rich here are very rich hence pulling up the average...
https://x.com/jam_croissant/status/1864806813486534848