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Singapore is always prudent with debt, with no net debt


The Straits Times
Published9 hours ago
https://str.sg/3Ubw
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Professor Linda Lim s commentary, Debt is not a dirty word, but. (Aug 3) refers to Singapore s gross debt to gross domestic product ratio of 131 per cent. This number is not a correct reflection of substantive indebtedness. ....

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Singapore CPF reforms can revive economy, equities market


Singapore can revive its economic engine and equity markets with Central Provident Fund (CPF) reforms. Tapping CPF cash to induce positive feedback loops between Singapore’s pension assets and capital markets can economically revive the domestic economy and mitigate the risks of income disparity in the post-COVID world.
Successful financial centres like New York City, London and Hong Kong enjoy major economic benefits, generating significant revenue through financial services. In 2018, Hong Kong’s financial services sector accounted for 20% of GDP and 7% of the workforce, compared to 13.9% of GDP and 5% of the workforce in Singapore.
However, Singapore’s strength in wealth management and banking does not meaningfully contribute to the real economy. “Do banking sector and stock market development matter for economic growth?” published in 2019 by Empirical Economics, illustrates how banking sector growth failed to contribute to real economic growth which sustains e ....

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