SG top in foreign reserve per capita
-
Per capita of TOP 10 Reserves of foreign exchange and gold in absolute value
COUNTRY.........US$ per capita
INDIA...............$151
PRC..................$787
MEXICO............$791
RUSSIA..........$2,201
MALAYSIA......$3,375
KOREA...........$4,811
JAPAN...........$6,784
TAIWAN.......$12,181
HONG KONG$19,019
SINGAPORE.$29,963
(note:For SG,I take population size of 4.5 million,4,492,150,
inclusive of citizens 3.3m,SPR 400,000 and foreigners 800,000.)
source:
Reserves of foreign exchange and gold----https://www.cia.gov/cia/publications/factbook/rankorder/2188rank.html
you can try out different tables in CIA site.
I just calculate the top ten in absolute values and get the per capita value.
I have not checked per capita value of each countries.
But ,I think for the population size of SG,SG per capitia
should be the top three,if not the no.1.
2.Pl tell me if the reserves is included in the assets of GICand Temasek Holdings?
Rank
Country
Reserves of foreign exchange and gold
Date of Information
1
China $ 1,034,000,000,000 2006 est.
2
Japan $ 864,700,000,000 August 2006 est.
3
Russia $ 314,500,000,000 2006 est.
4
Taiwan $ 280,600,000,000 2006 est.
5
Korea, South $ 235,000,000,000 2006 est.
6
India $ 165,000,000,000 2006 est.
7
Singapore $ 134,600,000,000 2006 est.
8
Hong Kong $ 132,000,000,000 November 2006 est.
9
Mexico $ 85,010,000,000 2006 est.
10
Malaysia $ 82,300,000,000 2006 est.
3.Who owns the foreign reserves,Governments or banks?
4.Has the reserves been invested?What is the performances? -
yay! we are lumber one!!
-
YAY!!! TIME TO LOWER GST THEN
-
YAY!!! TIME TO GIVE BACK THE MONEY THEY TOOK, THENOriginally posted by OO_OO_OO:YAY!!! TIME TO LOWER GST THEN -
YAY YAY YAY!!! Shouting on deaf ears...
-
Those reserves come from all the taxes and high cost essential services (electricity, water, transport, housing, etc) they provide to Singaporeans.
-
NNB, our forefathers blood and tears.
-
rob the garment?
who in?
-
rob the garment?
who in? -
Originally posted by lionnoisy:
So.............???
Per capita of TOP 10 Reserves of foreign exchange and gold [b]in absolute value
COUNTRY.........US$ per capita
INDIA...............$151
PRC..................$787
MEXICO............$791
RUSSIA..........$2,201
MALAYSIA......$3,375
KOREA...........$4,811
JAPAN...........$6,784
TAIWAN.......$12,181
HONG KONG$19,019
SINGAPORE.$29,963
(note:For SG,I take population size of 4.5 million,4,492,150,
inclusive of citizens 3.3m,SPR 400,000 and foreigners 800,000.)
source:
Reserves of foreign exchange and gold----https://www.cia.gov/cia/publications/factbook/rankorder/2188rank.html
you can try out different tables in CIA site.
I just calculate the top ten in absolute values and get the per capita value.
I have not checked per capita value of each countries.
But ,I think for the population size of SG,SG per capitia
should be the top three,if not the no.1.
2.Pl tell me if the reserves is included in the assets of GICand Temasek Holdings?
3.Who owns the foreign reserves,Governments or banks?
4.Has the reserves been invested?What is the performances?[/b]
How much do we get from it? Comparing to their elites and the high ranking officials' salaries, perks, dividends, bonuses and etc.
The recent budget announcement for helping sinkaporeans were expected. No big deal!!!
I would rather not having it.
The last progress package which many people did not claim was showing a protest to PAP GOVT!!! -
I'd rather they spend the money on building underwater crude oil tanks to forsee the future problem.
-
Thank you lionnoisy for your olds.
And the most important thing to do in lionnoisy thread,
+1. -
If this is the real figure of what Singapore has, one has to ask the government how much reserve is consider enough? Is GST hike justify when we have such figure for a small country for Singapore?
-
Is this figure important to us (tiny little citizens)? How will we benefit from it? Please advice. Thanks.
-
From the following report "Singapore : New Poor and Social Cohesion":
It has been highlighted that the Per capita GDP in 2000 at around US$23,000 was higher that many First World countries but the remuneration received by Singapore workers or wage share in GDP was about 42 percent, which is unusually low compared to developed countries and lowest among the Asian NIEs.
Some economists have therefore remarked that Singapore, while having attained a First World per capita income, in reality has kept in place an income structure that is closer to that of a Third World country (Department of Statistics, 2001). -
Very well done, Atobe. Thank you for that link.Originally posted by Atobe: -
wat the point? govt rich? why still increase GST?
your comment just gona boil more blood. -
wat the point? govt rich? why still increase GST?
your comment just gona boil more blood. -
I never knew James Gomez has a site!Originally posted by spinsugar:Very well done, Atobe. Thank you for that link. -
What this also means is that because the majority receives less than what they deserve, a minority gets more than what they deserve! The money has to go somewhere!Originally posted by Atobe:From the following report "Singapore : New Poor and Social Cohesion":It has been highlighted that the Per capita GDP in 2000 at around US$23,000 was higher that many First World countries but the remuneration received by Singapore workers or wage share in GDP was about 42 percent, which is unusually low compared to developed countries and lowest among the Asian NIEs.
Some economists have therefore remarked that Singapore, while having attained a First World per capita income, in reality has kept in place an income structure that is closer to that of a Third World country (Department of Statistics, 2001).[/color] -
"All animals are equal, but some animals are more equal than others"?Originally posted by AndrewPKYap:What this also means is that because the majority receives less than what they deserve, a minority gets more than what they deserve! The money has to go somewhere!
-
i dun feel proud of money which i will never get to own or see in my life. and when we say own, it means it can be redeemed in cash when going to the bank, like ur bank account.Originally posted by lionnoisy:Per capita of TOP 10 Reserves of foreign exchange and gold in absolute value -
The greater irony of the present situation is that the "minority in power" managed to hold on to their position through sly schemes to hang on to the reins of power by election gerrymeandering with election rules, allowing only a smaller percentage of the overall population to be actually involved in the voting process.Originally posted by AndrewPKYap:What this also means is that because the majority receives less than what they deserve, a minority gets more than what they deserve! The money has to go somewhere!
With total monopolistic control of parliamentary proces, the "minority" will rule over the "majority" of the population with a slew of Bills passed that legitimise all their actions - when even within their own ranks, the conscientious dissenters are forced to vote with Party Policies - the Party Political Whip insisting on party discipline.
Having accumulated an obscene amount of the wealth that were once held by the majority, and with the squeeze so easily implemented by the "minority".
The attitude of the "minority" now resembles a spoilt kid with an obscene habit of returning to squeeze for more and more, and seemingly insensitive to the amount and value of "MONEY".
Some of the past and recent obscenely and irresponsible spending will include the splurge of a quarter million dollars to find a better name for the Marina Bay Area - but ended with "Marina Bay". The much publicize wasteful splurge in Suzhou due to the lack of business acumen, but pushed through with dogmatic stubborness and arrogant superirority. The arrogant dismissal in Parliament to the loss of US$500 Million in Temasek's involvement with MICROPOLIS. Temasek's loss of US$500 Million with its involvement with China Oil debut in the Singapore Stock Exchange. Temasek's and Singapore Airlines involvement and loss of US$900 Million for Virgin stake, and separate purchase of 25 percent stake in Air New Zealand - as a backdoor into the tightly controlled Australian routes, and this was short lived when ANZ subsidiary Ansett Airlines went bust.
How many more unreported losses have drained the Singapore Reserves without the publicity on the scale of Shin Corp - which cost Singapore US$3 Billion to take over a useless shell, and with the prospect of a fine of US$4 Billion for the business infringements of its Thai subsidiary ?
Yet with all the unchallenged debacle managing Singapore's assets, the 'Minority' will pay themselves 200 to 2,000 times the wages of the average pay package of the "Majority" in Singapore.
Many have asked for more transparency, including some from within the ranks of the 'Minority' - yet half-hearted attempts were made; while those on the outside - with the available information in hand - has given a 'poor rating' to the performance of the 'Minority'. -
If I don't get a share of the money, what's the point?
-
2.While we shall discuss the lessons of the above,Originally posted by Atobe:T
Some of the past and recent obscenely and irresponsible spending will include the splurge of a quarter million dollars to find a better name for the Marina Bay Area - but ended with "Marina Bay". The much publicize wasteful splurge in Suzhou due to the lack of business acumen, but pushed through with dogmatic stubborness and arrogant superirority. The arrogant dismissal in Parliament to the loss of US$500 Million in Temasek's involvement with MICROPOLIS. Temasek's loss of US$500 Million with its involvement with China Oil debut in the Singapore Stock Exchange. Temasek's and Singapore Airlines involvement and loss of US$900 Million for Virgin stake, and separate purchase of 25 percent stake in Air New Zealand - as a backdoor into the tightly controlled Australian routes, and this was short lived when ANZ subsidiary Ansett Airlines went bust.
How many more unreported losses have drained the Singapore Reserves without the publicity on the scale of Shin Corp - which cost Singapore US$3 Billion to take over a useless shell, and with the prospect of a fine of US$4 Billion for the business infringements of its Thai subsidiary ?
will it be more fair we also calculate how much PROFITS GIC,
Temasek etc make during the past few decades.
So,you guys think SG shall not invest at all?
Or like some wise men or women here propose,just to invest the
low risks or sure-make -money biz?