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sirgalahad2010
11-10-2006, 09:20 AM
A report in the Spore Straits Times today said, quoting from a report by Merrill Lynch and Capgemini, that at the end of last year, Spore had 55,000 people with net assets of at least US$1 million, excluding their main home.

Of these, 18,000 were Indonesians who are either Spore citizens or PRs. They are collectively worth about US$87 billion.

The report attributed the large number of Indonesian-born wealthy in Spore to the country's "open immigration policy" which has played a key role in attracting skilled and well-off people from neighbouring countries, and to the Spore govt's efforts to "attract foreign talent and investment."

Could it just be that these 18,000 Indonesian rich were attracted by Spore's safe and secure environment, or by good schools, or by demographics?

layman
11-10-2006, 09:52 AM
A report in the Spore Straits Times today said, quoting from a report by Merrill Lynch and Capgemini, that at the end of last year, Spore had 55,000 people with net assets of at least US$1 million, excluding their main home.

Of these, 18,000 were Indonesians who are either Spore citizens or PRs. They are collectively worth about US$87 billion.

The report attributed the large number of Indonesian-born wealthy in Spore to the country's "open immigration policy" which has played a key role in attracting skilled and well-off people from neighbouring countries, and to the Spore govt's efforts to "attract foreign talent and investment."

Could it just be that these 18,000 Indonesian rich were attracted by Spore's safe and secure environment, or by good schools, or by demographics?



singapore may be squeky clean but not some of these big sharks from indo.
andy xie- a well known economist with merryl in his internal email commented sing.is the haven for the corrupts from indo.and other developing countries(actual comments refers sing as a money laundering centre for the ill gotten gains of 3rd world nations).of course he had to resign for making such a bold and officially unsubstantiated claim.
however,indonesia has repeatedly ask for the return or repatriation of a prominent indo. chinese businessman involved in corruption and sing has not being very cooperative in this instance.
another article in asia times online also highlighted the 'impending' demise of city states which i do not agree.sing was mentioned as a paradox with two sets of rules.no crimes within singapore,its alright if u parked ur monies here-no questions asked

dragonfly
11-10-2006, 09:53 AM
These could be marginalised minority group in their own country!!!

sirgalahad2010
11-10-2006, 11:37 AM
singapore may be squeky clean but not some of these big sharks from indo.
andy xie- a well known economist with merryl in his internal email commented sing.is the haven for the corrupts from indo.and other developing countries(actual comments refers sing as a money laundering centre for the ill gotten gains of 3rd world nations).of course he had to resign for making such a bold and officially unsubstantiated claim.
however,indonesia has repeatedly ask for the return or repatriation of a prominent indo. chinese businessman involved in corruption and sing has not being very cooperative in this instance.
another article in asia times online also highlighted the 'impending' demise of city states which i do not agree.sing was mentioned as a paradox with two sets of rules.no crimes within singapore,its alright if u parked ur monies here-no questions asked

I think that Andy Xie was with Morgan Stanley, another well-known investment bank.

And, of course, Morgan Stanley issued an apology to the Spore govt for Andy Xie's views!

fRaNkY
11-10-2006, 12:16 PM
These could be marginalised minority group in their own country!!!

There is some truth about this. Whenever I was in Singapore, especially in the Orchard Road area, in chinese restaurants... there seems to be occupied by ethnic chinese indonesian.makan with their relatives.. speaking mixture of indonesia language and broken chinese mandarin. They cant be tourist as they are "street wise" and doesnt look like a tourist, perhaps, they are in Singapore very often.. :D

I also use to have Indonesian Female friend who studied from Form 3 in Malaysia until she graduated from Monash, Sunway recently. We known each other from a photo forum.. She told me her dad wants her to stay in Malaysia as long as possible... get a job here and perhaps get hitch here.... and they have some money kept here for emergencies. However, after graduating, she fails to get employment and immigration fails to grant her PR.... she hafta go back home... She is also ethnic chinese and from a family of specialist doctors.... but she studied Bio Tech.

This kinda immigrant, I dont mind... not those thieving.... murderous type :mad:

tupai
11-10-2006, 12:38 PM
thats very few of 'em...
indon has what? 200mil pple? chinese is what? 3% population controlling what?80% of national wealth?
i failed my aritmatics lah...also my spellink.

Ynag amat bodoh lato tupai M.P. (mal), Du.H. (mal), A.P. (dud)

scorgio
11-10-2006, 12:49 PM
A report in the Spore Straits Times today said, quoting from a report by Merrill Lynch and Capgemini, that at the end of last year, Spore had 55,000 people with net assets of at least US$1 million, excluding their main home.
Any agency did a survey on how many M'sian have net assets of at least US$1 million, excluding their main home ?

Anyway, a lot of wealthy Indons park their money in SG (u know how volatile the political & economic environment can be in Indo).

Btw, there's a saying "the poorer Indonesia get, the richer Singapore become".

sirgalahad2010
11-10-2006, 04:35 PM
Any agency did a survey on how many M'sian have net assets of at least US$1 million, excluding their main home ?

Anyway, a lot of wealthy Indons park their money in SG (u know how volatile the political & economic environment can be in Indo).

Btw, there's a saying "the poorer Indonesia get, the richer Singapore become".

A lot of wealthy Msians do too, brudder! :D

You do see a fair number of Brabus and Porsche Cayenne vehicles, with fancy Msian licence plates, in Spore these days......

Sentinel
11-10-2006, 04:48 PM
There was an article in Shanghai Daily last week during the F1 race weekend on an interview with Jean Todt, Ferrari Scuderia's MD, on the number of Ferraris that he expected to sell in China in 2007. He mentioned "about 3,400 units". I almost fell off my chair when I read this, being new to Shanghai and always having the impression that this place is really Third World. :eek:

Then Jean Todt qualified his forecast by saying, "there are now 364,000 millionaires in China (excluding Macau and Hong Kong) in USD terms, so we are confident our forecasts are realistic". :eek:

I did fall off my chair.... :eek:

Sentinel
11-10-2006, 04:51 PM
Would anyone know there are how many Indon millionaires in Malaysia?

Would that dentist-turned-politician fella now Chief Minister of the only developed state in Bolehland qualify as one? :D

sirgalahad2010
11-10-2006, 04:55 PM
Would that dentist-turned-politician fella now Chief Minister of the only developed state in Bolehland qualify as one? :D

Now, sir, you know that's a serious breach of ethics!

Naughty, naughty! :D

Sentinel
11-10-2006, 05:04 PM
Now, sir, you know that's a serious breach of ethics!

Naughty, naughty! :D

Wasn't making a statement, my man, merely asking a question.... :D :D :D

USJ27Resident
12-10-2006, 02:04 AM
Wasn't making a statement, my man, merely asking a question.... :D :D :D

I, sir.... fell off my chair, laughing... because of THIS question... :D

sirgalahad2010
12-10-2006, 11:57 AM
Like I said, if you sit in the first class section on MAS and SIA flights from KL to Spore, you will be surprised at the number of "familiar" faces. :D

Not to mention those who discreetly travel in their cars to Spore, oftentimes with driver and bodyguard/s in tow.

Oh, to be a private banker in Spore. The tales that he or she could tell! :D :D :D

Azareel
12-10-2006, 12:24 PM
Like I said, if you sit in the first class section on MAS and SIA flights from KL to Spore, you will be surprised at the number of "familiar" faces. :D

Not to mention those who discreetly travel in their cars to Spore, oftentimes with driver and bodyguard/s in tow.

Oh, to be a private banker in Spore. The tales that he or she could tell! :D :D :D

I am very blurred here. Are you guys suggesting that Singapore is the Caymen Islands of Southeast Asia? I thought Labuan is an offshore banking hub.... well, that was what the plans were.

Sentinel
12-10-2006, 12:58 PM
Like I said, if you sit in the first class section on MAS and SIA flights from KL to Spore, you will be surprised at the number of "familiar" faces. :D

Not to mention those who discreetly travel in their cars to Spore, oftentimes with driver and bodyguard/s in tow.

Oh, to be a private banker in Spore. The tales that he or she could tell! :D :D :D

Its the same on those flights between Singapore and Bandar Seri Begawan that I used to be on every fortnight in 2002-5. I am sure there would be as many tales of these oil-drenched millionaires from Brunei.

USJ27Resident
16-10-2006, 03:02 AM
I am very blurred here. Are you guys suggesting that Singapore is the Caymen Islands of Southeast Asia? I thought Labuan is an offshore banking hub.... well, that was what the plans were.

Since when... then explain, why you find these rich fellas and certain politicians routinely on the flights to London, Paris and Switzerland :confused: I am sure them politicians are NOT visiting their constituents or postal voters there :p ...