Well perhaps if they hadn´t pu

2023-04-28

Well perhaps if they hadn´t pushed expats out and increased stamp duties to 60% among other things, Singapore would remain attractive as a place to place your money.

Singapore Says Foreign Residents’ Deposits Fell by S$22 Billion

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Comments

Tao04
2023-04-28
Tao04
The outflow was march , and the increased of stamp duties was announced on 26 april. So do you think pulling out of funds will be much greater this april month and may ?
chaicka
2023-04-28
chaicka
Hundreds of Billions been flowing out from western countries such as Switzerland, UK, USA…
chaicka
2023-04-28
chaicka
Shallow & Narrow Horizons
GoG
2023-04-28
GoG
u are always welcome to go home 🤣
StreetCat
2023-04-28
StreetCat
[Comfort]

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This came after the central bank tightened monetary policy five times in a row, before keeping its policy settings unchanged this month.</p><h3></h3><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/cb006bd5aaf80119776838329f4fc42a\" tg-width=\"631\" tg-height=\"456\"/></p><p>Earlier this week, the monetary authority warned “prospects in the financial sector have weakened further amid turbulence from the US banking industry,” fanning fears of a broader contagion in the banking system and increased downside risks to expansion. </p><p>Economic growth is expected to remain subdued in 2023 due to a slowing external outlook, persistent inflation and restrictive financial conditions, it said. </p><p>In a separate labor report Friday, Singapore’s unemployment eased to an eight-year low of 1.8% in the first quarter, while retrenchments rose for a third consecutive quarter. 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