the latest proven fact that Indonesian Chinese tycoons parked their USD200bil money in Singapore banks already become its own POV by now

its not TS 2cents,its fact, its real, its a proven truth that you cannot ignore,  you simply cannot deny its a big thing

its a truth that almost half of deposits in Singapore banks are coming from Chinese Indonesian tycoons
http://fortune.com/2016/07/25/indonesias-t...w-in-singapore/

Singapore’s wealth management industry is likely to suffer a bad dent as rich Indonesians move some money back home to take advantage of a tax amnesty, but the exodus of funds isn’t going to be as big as Jakarta is predicting.

Around $200 billion of Indonesian money that may not have been declared to the tax authorities in Jakarta has been squirreled away in Singapore, according to private banking sources. It is a huge portion of the approximately $470 billion of assets under management by private banks in the financial hub.

dont know if you are
1)purely stupid & dumbfuck
2)don't want to acknowledge the fact/ignoring the fact

FACT
that currently Singapore private banks are holding USD470bil foreign deposits & USD200bil of them (nearly half of it) are owned by Chinese Indonesia tycoons

the truth & facts all already written, plain &  simple writings

it is the amnesty tax law described in the article.

taken from fortune website

Singapore's wealth management industry is likely to suffer a bad dent as rich Indonesians move some money back home to take advantage of a tax amnesty, but the exodus of funds isn't going to be as big as Jakarta is predicting.

Around $200 billion of Indonesian money that may not have been declared to the tax authorities in Jakarta has been squirreled away in Singapore, according to private banking sources. It is a huge portion of the approximately $470 billion of assets under management by private banks in the financial hub.

Consultants, lawyers and bankers closely involved with the industry expect roughly $30 billion to go to Indonesia under the amnesty, which was launched last week and allows all past evasion sins to be forgiven upon the payment of up to 5% tax on the money.
it was one of the factors that triggered the riot. you just take a look at forbes indonesia list

http://www.forbes.com/indonesia-billionaires/

did you know among the top 10, hartono, wonowidjojo, salim, widjaja, karim, setiawan, riady and tahir are all indonesian chinese? it is that they carry indonesian names.

and the disparities is so great they are much more economically powerful than their counterparts in malaysia. there is a wide perception that the 3 percent indonesian chinese controlled 70 percent of the economy. when president habibie in a july 1998 interview with the washington post said that indonesia was not dependent on ethnic chinese businessmen, the rupiah's value plunged 5 percent immediately because these tycoons dumped them on the market. this unexpected reaction prompted immediate changes in his policies and attitudes. not my pov, you can read in wikipedia.

https://en.wikipedia.org/wiki/Chinese_Indon...onomic_aptitude