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Why?

Most of these 'Singaporeans' are actually ex-PRC nationals wanting to visit their relatives lol. https://www.reuters.com/world/asia-pacific/china-resume-15-day-visa-free-entry-singapore-brunei-citizens-2023-07-23/

Well, maybe I watch many other anime before so I find it just okay-ish. While my friends who don't watch anime find it 'touching', which I don't see how lol.

Who would be smug about paying more taxes lol. The fact is, we do need either some form of property leasehold or property tax if the society is to maintain intergenerational class fairness and equity. Otherwise you can have a billionaire snapping up 100 properties in a city's downtown and his...

Actually I don't get the popularity of Spirited Away. It has great music and maybe that's it. I prefer Castle in the Sky and Grave of the Fireflies. I like this remake:

No way it's going to be free lol. 1) Cost. It's going to be a huge, huge additional fiscal burden never undertaken by any other government. If they can rack up huge debt when they are making off money from land sales (cash inflow), you think they can do a full compensation (cash outflow) in the...

It's the HK model; to raise revenue via land sales and not through taxes. Many of their local governments have a huge share of revenue coming from land sales to fund their operations and development, so they have vested interests in keeping land prices high. By promising a shiny new development...

https://www.reuters.com/markets/asia/chinas-local-govts-must-prevent-defuse-debt-risks-economic-daily-2023-07-13/

13:16

If you believe there is a lack of buyers when the US is raising interest rates, I have a bridge to sell you.

Well, depends how you define 'successfully defused'. The threat of a property bubble bursting is lower than last year, but the Chinese property market is still grossly expensive in the big cities. In Singapore, the annual median household income can buy you around 21.95 sqm of housing area...

I think a slow decline is manageable. Especially when property is so overpriced in Chinese first-tier and second-tier cities.

They did a huge infrastructure stimulus back in 2008 and it's one reason why their debt surged since 2009, and they had to do a painful deleverage. So they have a mental scarring, and large stimulus will just undo their deleveraging efforts over the past few years and kick the can down the road...

B-but... muh trade surplus!

Sea levels rising are indeed inevitable, the only difference is the speed at which is rising. It's only a matter of a few decades sooner or later coastal cities get 'flooded'. Singapore being an island city is also facing threats from a rising sea level. Currently the proposal is to build a...

Started DCA-ing my investable pension funds in the S&P500 a few months ago and I'm already up 9%. Can't say I'm really happy about it. Truth to be told, I would rather the market stays low for some time while I DCA in lol. I'm in my twenties, just starting to accumulate assets and I'm looking at...

You're like a broken record.

I find it funny that you keep on mentioning about trade surpluses everywhere, like it's the most important economic indicator. Singapore's trade surplus is over USD100bil for a country of ~5.5mil people. So? We are economically stronger than the US? Or Japan? The most important pillar for...

Lol, China simply has little economic leverage against the US. The US has been slowly choking on China and China's response has been weak. But you're right, China's response against the US economic aggression has been pragmatic and not based on emotions.

That's like saying Hanoi is economically superior than Melbourne because Hanoi has mass rapid transit while Melbourne doesn't. It's a political issue, not an economic issue. Singapore's subway system is also expensive as heck to build, that doesn't necessarily indicate that our economy has a...