Singapore Reserves: The Untold Story, CNA Insider
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 Aug 17 2023, 10:20 AM
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#1
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Senior Member
8,652 posts Joined: Sep 2005 From: lolyat  
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Even back in 90s their leader has set up a mechanism which has 2 person to unlock the reserve, one is PM and another one is president. But in Malaysia the PM and MOF has absolute power to dictate Khazanah fate.
Until now the Singapore did not disclose how much reserve they have, scare kena speculator attack. |
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Aug 18 2023, 02:12 AM
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#2
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Senior Member
8,652 posts Joined: Sep 2005 From: lolyat
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QUOTE(dattebayo @ Aug 18 2023, 12:06 AM) isn’t this already a well known info That is speculated figure based on the combine asset in GIC/Temasek and others, the real figure isn't disclose fully. Some even speculate Singapore has about 1 trillion of reserve in hand.they have around 400b USD according to ChatGPT circa Sep 2021  dattebayo liked this post
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Aug 18 2023, 11:44 AM
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#3
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Senior Member
8,652 posts Joined: Sep 2005 From: lolyat
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QUOTE(takbodoh722 @ Aug 18 2023, 11:12 AM) Its a good vid. Solves a big mystery for me. i think they wanna hide the sales of land into government book, maintain the budget and keep the reserve expanding. The reserve also can be use on HDB to build affording housing. Always wondered why land sales not counted in sinkie government revenue. Future sinkie PM explain this is captured as reserve. he say reserve is used to fund land reclamation (not captured as budget expense). Hence, land sales isn't captured as revenue. What not stated is difference between cost of cheap sand for reclamation vs high revenue from land sales (RM58 Billion for FY 2023). Just for illustration, Sinkie land sale revenue is almost as big as Bolehland's development budget. Just another reason why sinkie reserves every year grow. I am really fascinating on how Singapore government design on the whole system, to prevent future politician tap into the reserve and utilize all. |
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