TR EMERITUS

In the past I’ve often touted Singapore’s high saving model.  Last year I noted that 15% of Singaporeans were millionaires in 2010, and I predicted that the number would rise sharply over the next few decades.  The numbers for 2011 are in and the share of millionaires is up to 17.1%, nearly twice as high as the next... 

(15 Dec) - While the U.S. unemployment rate “dropped” to 7.7 percent last month — a figure The Washington Post acknowledged was due “...in large part because the labor force fell by 350,000...” — here in this modern and prosperous city-state of slightly more than 5 million people, unemployment is practically nonexistent. A... 

Sentosa (14 Dec) - Singapore, like Hong Kong, is continuing to benefit from the uncertainty and instability elsewhere in the financial services world, while at the same time it struggles to contain the side-effects of this success, such as soaring inflation, currency appreciation and a lack of affordable housing. For many...