UBS: Singapore has third world living standards

Hitman Submarine SG

and UBS swiss belong to singapore gov as it was bought over by spore last year!

perhaps spore gov knows they might lose the elections or something and are in process of dismantling spore turning it into what UBS states.

i suggest the opposition ready or not proceed with in depth damage control and security n integrity as spore as what we know it is today.because if the oppositions dont do it now n wait till elections n fall of PAP...it might already be too late....spore might very well end up like the soviet union and that will be the end of everyone and life that we know!

Vote PAP OUT to Save SG SG

cigarettes also damned expensive.

public transport also damned expensive.

cars also damned expensive.

public housing also damned expensive.

nothing is cheap here in Singapore.

Rock^Star SG

This is enough to shoot down the report that Singapore has third world living standards.

Spoken from a third world mentality indeed.

I-like-flings(m) SG

cigarettes also damned expensive.

public transport also damned expensive.

cars also damned expensive.

public housing also damned expensive.

nothing is cheap here in Singapore.

got ar... our salary is cheap lor...

mancha SG

this low purchasing power must be due to HDB and car prices. Where in the world you find citizens paying $1000 a month for 30 years on housing loans? Cars are the most expensive in the world here, not to mention road tax, erp, season parking, radio tax, petrol etc.

The way you people gripe, wonder who has third world mentality.

Do you see third world traits in what you point out?

Use your head.

Rock^Star SG

The way you people gripe, wonder who has third world mentality.

Do you see third world traits in what you point out?

Use your head.

Well speak for yourself, I guess. Your view of third world is textbook style.

mancha SG

The proverbial finger pointing applies then/.

Kuali Baba SG

LOL someone suddenly felt the need to rebuke the UBS study:

Singapore DOES NOT have third world living standards - KRC

Both articles are terrible. The first one doesn't attribute sources properly and wrongly equates purchasing power with living standards. But the second article misses that point altogether, and uses poor evidence. I studied in the States too and the most accessible lunches are US$5 (with a tumbler of soda) and even less (if you opt for junk), and it's little different on the street. If 400 Americans make as much money as half of the rest, what about the millionaires in Singapore (including those in power)?

Our spending habits are probably different from a Western European family of three but the study should not be doused with a truckload of salt.

angel7030 SG

how come our garmen are paid first class salary n the people r in third world standard?

are they robbing us?

No, cannot be, the people votes for the govt, how on earth can peoples vote for a govt that rob them?

angel7030 SG

cigarettes also damned expensive.

public transport also damned expensive.

cars also damned expensive.

public housing also damned expensive.

nothing is cheap here in Singapore.

go, there are many cheap stuffs in Singapore, you just need to move around to find out.

mancha SG

LOL someone suddenly felt the need to rebuke the UBS study:

Singapore DOES NOT have third world living standards - KRC

Our spending habits are probably different from a Western European family of three but the study should not be doused with a truckload of salt.

Try this link

http://kentridgecommon.com/?p=10902

Dr Language SG

Well known thing.....

Everybody knows it...

Statistics such as GDP is very superficial and doesnt tell the whole story....But if the data is further refined, then it's obvious that Singaporeans are actually suffering...

But people who knows the situation, doesnt need any data or statistics......

It is well known that the working hours is very long......property prices is very high.......cost of living is high.....density is high......low birth rate, low sex rate, mental illnesses are the results.....

Unfortunately there is no way Singapore can escape from this situation because it is tied to the fundamental condition that Singapore is a small city-state. It's not like Australia where people can buy decent houses with gardens, and can own cars easily and can do outdoor sports and work shorter working hours and have generous state supported social programs and they can relax because they still can sell coal or nickel.

What to do ?

I agree property prices go up due to scarcity of land but the major engine of growth for property are due to migrants. Immigrants compete with locals for property and rental thereby hiking up prices. PAP no longer generate popular support among younger and career successful Singaporeans so they look to new migrants for political support and fish votes.

Falling birth rates are the fault of most singaporeans such as icerage who prefer to stay at home and hack forums and not look for jobs which eventually go to migrants.

Stop bringing in poor quality migrants to work in restaurants and shopping centres. The kind of migrants Singapore should bring are researchers, IT programmers, intellectuals and owners of successful start up companies. Migrants should be limited to 20,000 a year not the usual intake of 200k a year.

Hello Kitty SG

angel7030 SG

Falling birth rates are the fault of most singaporeans such as icerage who prefer to stay at home and hack forums and not look for jobs which eventually go to migrants.

oh, but can we attract these successful pples? maybe we can attract researches, IT programmers...or so called intellectual, but all come from funny University in China and India, somewhere in Chongqing and Mumbai, US$2k can buy cert liao

Almond Cookies SG

Well known thing.....

Everybody knows it...

Statistics such as GDP is very superficial and doesnt tell the whole story....But if the data is further refined, then it's obvious that Singaporeans are actually suffering...

But people who knows the situation, doesnt need any data or statistics......

What to do ?

Singapore is a stressful place.

mancha SG

UBS, United Banks of Switzerland.

Hey isn't Switzerland is where James Gomez worked as a researcher or something.

Hmm.

Wonder if someone there is doing a favour for him.

R.m SG

only minister is in first world living condition

Conk SG

Sin City was corrupted since day one.

Read this :

Yes this is the sorts of monkey tricks LKY used to deceive Singaporeans. The
famiLEE is very rich. Some even think they r the richest in Singapore. They
have enriched themselves thru monkey tricks and all sorts of loopholes in
the law which they created and only few know about it. Let me give some
e.g.s
LKY's late wife and his brother own and run Lee n Lee which monopolised the
HDB conveyancing business.Most of the rich foreigners used Lee n Lee. When
the late Lee Kim Yew committed clear breaches of the law in the case of
UIC, he was not charged. Lee Kim Yew is a major shareholders of Tat Lee Bank
which was one of the last bank to be given a license to operate in
Singapore. Another of LKY's brother, Freddy Lee was a big time chap gee kee
operator. The police knew about it but do nothing. Tee Tua Bah was the
investigating officer. Tee Tua Bah, to the surprise of many who knew his
gambling habit was eventually promoted to become Commissioner of Police.
There are plenty of other abuse of power. Many who know it are reluctant to
reveal due to LKY penchant to abuse the law to bankrupt them.
Just ask yourself why is LKY so probusiness. Why is he so close to Ng Teng
Fong and Ong Beng Seng ? He is also secretly very close to some of the
wealthiest people in Singapore.

Corrupt Lee Kuan Yew quickly abolished Estate Duty in Singapore just
before his wife was declared dead.

By doing that he escaped paying estate duty on his dead wife's assets
which amounted to billions of dollars.

More importantly, because there was no longer estate duty, the corrupt
Lee Kuan Yew was no longer required to list out the details of the
assets of his dead wife which amounted to billions of dollars they had
accumulated illegally over the decades of despotic rule over
Singapore.

dragg SG

estate tax was abolished in feb 08. mrs lee died oct 10.

the author's stretching it a bit too much.

Rock^Star SG

estate tax was abolished in feb 08. mrs lee died oct 10.

the author's stretching it a bit too much.

This Mrs Lee had been in coma for some time. So it wouldn't be strange that it was part of the reason for the abolishment.

The old guard, many of them bought properties in bukit timah back in the 60s. And they have purposely kept that area prime. What was bought for $50,000 in those days has become millions of dollars today. In fact, the area there is a PAP fiefdom. They ALL have links to the PAP somehow. How do I know? My uncle is the son of an ex cabinet minister.

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