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

Residents outside Singapore pulled billions in deposits last month amid financial turmoil triggered
Singapore Says Foreign Residents’ Deposits Fell by S$22 Billion

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment5

  • Top
  • Latest
  • Tao04
    ·2023-04-28
    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 ?
    Reply
    Report
  • chaicka
    ·2023-04-28
    Hundreds of Billions been flowing out from western countries such as Switzerland, UK, USA…
    Reply
    Report
  • chaicka
    ·2023-04-28
    Shallow & Narrow Horizons
    Reply
    Report
  • GoG
    ·2023-04-28
    u are always welcome to go home 🤣
    Reply
    Report
  • StreetCat
    ·2023-04-28
    [Comfort]
    Reply
    Report