Monday, August 12, 2013
Sunday, August 11, 2013
Singaporeans Are The Fastest In The World To Become Millionaires
Isn't this amazing? We are a country with nothing. Not even drinking water. Look what we have achieved in 48 years. Nope! I am not a millionaire....yet. But I am glad to be in the country that I have the highest chance to become one. Proud to be a Singaporean.
It takes most Singaporeans less than 10 years to become a millionaire. That is the fastest rate anywhere in the world, says a wealth report released by the Barclays Bank on July 5, 2013 in Singapore.
The Bank surveyed 2000 high net worth individuals globally in early 2013 to ascertain how entrepreneurs, business leaders and investors make, spend and share wealth. The respondents were individuals with net worth of more than $1.5 million. A fifth of the 500 interviewed were based in Asia.
While the popular belief is that the wealth of millionaires in Singapore has come from the dramatic rise in property prices over the years, that is only partly true. According to the survey, 72% of the wealth was made from personal investments, followed by 58% from property and 55% from savings through earning and bonuses. (Respondents could choose multiple answers).
The financial crisis too, despite its seismic economic, political and social fallout, the world over, enabled close to 50% of the rich Singaporeans to increase their wallet size. This was mainly on the back of a buoyant Straits Times Index (STI) that doubled in value from 2008 to 2013. Regional bourses in Thailand, Indonesia and Malaysia showed a similar vibrancy. A quarter of Singaporeans interviewed said their wealth had jumped five-fold or more over their lifetime.
However, considering the highly -integrated nature of the island state’s economy, Singapore’s rich also experienced the highest fluctuation in their fortunes; more any other country. Almost 70% said their wealth was volatile and moved “a great deal” overtime.
When it comes to spending, despite headline grabs of $26,000 cocktails, Ferrari-speckled roads in Singapore, the survey reports that Singaporeans use 61% of their money for saving and investing, just a notch behind their Chinese brethren in Hong Kong at 66%, and ahead of mainland Chinese who would put 58% of their money to work in banks or the stock market. The second most popular use of money among Singaporeans was on travel and social activities (16%). Only 7 per cent spent on cars, jewelry or collectibles. This is in sharp contract to the new rich in India where 17% are spending on tangibles like cars, homes or jewels.
And what is the psyche of a typical Singaporean on sharing wealth? He would rather gain personal fulfillment and a sense of purpose in life. While 13% Singaporeans prefer to pass on their assets in inheritance, more than 50% want to give their wealth to charity. And they prefer to do it in their lifetime.
http://www.forbes.com/sites/neerjajetley/2013/07/08/singaporeans-are-the-fastest-in-the-world-to-become-millionaires/Monday, August 5, 2013
NDP 2013 is hotter than ever
This year NDP proved to be yet another hit. 4 more days to go and the number of searches on the keyword "NDP" at google has overtaken the result of last five years.
Sunday, August 4, 2013
NDP 2013 Story
Horses debut at National Day Parade
http://www.channelnewsasia.com/news/singapore/horses-debut-at-national/764352.html
Sembawang, Bedok residents take part in National Day celebrationshttp://www.channelnewsasia.com/news/singapore/sembawang-bedok-residents/764732.html
Full house for NDP at many Marina Bay hotelshttp://www.relax.com.sg/article/news/full-house-for-ndp-at-many-marina-bay-hotels
PM's National Day Message to be broadcast on MediaCorp TV & radio stationshttp://www.channelnewsasia.com/news/singapore/pm-s-national-day-message/766914.html
Greetings from USA
Greetings from Philippines
http://www.tempo.com.ph/2013/08/national-day-of-singapore-today/#.UgR9iZIwevM
Greetings from India
http://www.business-standard.com/article/pti-stories/president-extends-greetings-to-singapore-on-national-day-113080800607_1.html
A cute blog
http://www.dancinggreenly.com/pictoquote-happy-national-day-singapore/
A fashion blog
http://wardrobetrendsfashion.com/wtfs-national-day-style-gift-ideas/
An international blog
http://thediplomat.com/asia-life/2013/08/many-storiesone-singapore-lion-city-marks-national-day/
First national day baby this year born at Mt Alvernia Hospitalhttp://www.straitstimes.com/breaking-news/singapore/story/first-national-day-baby-year-born-mt-alvernia-hospital-20130809
Jln Bintang Tiga residents mark National Day with get-together
http://www.channelnewsasia.com/news/singapore/jln-bintang-tiga/770466.html
THE SUN SHINES ON SINGAPORE (Local blog)
http://thesunshineson.wordpress.com/2013/08/10/national-day-celebration-not-protest/
Happy National Day, Singapore! Majulah, Singapura!
http://toysrevil.blogspot.sg/2013/08/happy-national-day-singapore-majulah.html
Singapore celebrates the national day on Friday, with good news
http://www.nationmultimedia.com/business/Singapore-celebrates-the-national-day-on-Friday-wi-30212294.html
Singapore National Day – Phuket Lifestyle
http://www.phuketgazette.net/phuketlifestyle/2013/Singapore-National-Day-Phuket-Lifestyle-21908.html
President Tony Tan thanks NDP organisers, participants
http://www.channelnewsasia.com/news/singapore/president-tony-tan-thanks/770624.html
Singaporeans celebrate National Day in Beijing
http://www.channelnewsasia.com/news/singapore/singaporeans-celebrate/771436.html
NDP 2013 Grand Finale (Rehearsal) Video
NDP 2013 Grand Finale (Full Dress Rehearsal)
Grand Finale of NDP2013 (Rehearsal) at the floating plaform with remix of many past national day songs and full 5 mins of fire works with MBS and Marina Financial centre as backdrop. NDP 2013 is Emceed by Siti Khalijah Zainal, Vernetta Lopez, Gurmit Singh and Sebastian Tan
F16 fly past NDP 2013 (Rehearsal) Video
Amazing F16 of the RSAF with a double shackle maneuver flying past the floating platform with the NDP parade contingents and guard of honour fully formed at NDP 2013 (Full Dress Rehearsal).
Singapore flag fly pass NDP 2013 (Rehearsal) Video
Apache gunship over Singapore NDP 2013 (Rehearsal) Video
Apache gunship flying over Floating platform from the direction of Marina Bay Sand towards Singapore Financial centre during NDP 2013 Rehearsal
NDP 2013 First Female Parachutist (Rehearsal) Video
NDP 2013Red Lion
Amazing Red Lion with first female parachutist Third Warrant Officer (3WO) Shirley Ng in NDP 2013 at the floating platform with MBS and Marina Bay as backdrop. NDP 2013 is Emceed by Siti Khalijah Zainal, Vernetta Lopez, Gurmit Singh and Sebastian Tan. This video is taken at NDP 2013 (Full Dress Rehearsal)
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