tag:blogger.com,1999:blog-8772491888812684500.post5323534846365438565..comments2024-03-21T14:35:09.854+08:00Comments on Singapore Notes: Blind AllegianceTattlerhttp://www.blogger.com/profile/11037010707866164010noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-8772491888812684500.post-56312111423191937482013-07-23T21:02:46.199+08:002013-07-23T21:02:46.199+08:00Poor Sarah. She has only a tiny team, and the edit...Poor Sarah. She has only a tiny team, and the editors don't have to toe her lines. She should have visited Singapore.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8772491888812684500.post-18171323774123718892013-07-19T15:50:09.261+08:002013-07-19T15:50:09.261+08:00Actually, compared to the rest of the banks in the...Actually, compared to the rest of the banks in the world, Singapore banks are among the safest. Their CAR are among the highest in the world, high than the MAS requirements, and much higher than the Basel II & Basel III requirements.<br /><br />MAS has to come out and say they are safe because Moody's has just issued a warning about the banking industry's outlook turning from stable to negative. Mind you, the banks' ratings are still maintained at the highest levels among world banks - just that the outlook is turning negative. Which is to be expected, as interest rates are so low now that the only way it can change is to go up in the near future.<br /><br />MAS has to assure the public in case some nut case equate outlook with banks' actual ratings, or in case there is a run.<br /><br />Singapore public debt (111% of GDP) appears high because of the issuance of SGS to broaden the debt market. Net debt is actually low. And net external debt is also low. Foreign reserves & gold are high. So, personally, I have no worries about Singapore's debt level.<br /><br />https://www.cia.gov/library/publications/the-world-factbook/geos/sn.html<br />Thehttps://www.blogger.com/profile/02941744057903049051noreply@blogger.comtag:blogger.com,1999:blog-8772491888812684500.post-36399264839964993692013-07-19T08:55:07.219+08:002013-07-19T08:55:07.219+08:00So the MAS was trying to reassure the "fools&...So the MAS was trying to reassure the "fools"? hmmmAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-8772491888812684500.post-8970606111813467222013-07-18T22:33:59.720+08:002013-07-18T22:33:59.720+08:00"MAS says Singapore banks are safe"
How..."MAS says Singapore banks are safe"<br /><br />How can bank not be safe when it is auto-mode for the government to bail out the bank, just like they bail out the public transport company with $1 billion taxpayer's money. Only a fool think that the govt will not bail out the bank. How can bank not be safe and risk-free if they know for sure they will be bailed out ?<br /><br /><br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8772491888812684500.post-37953592175322718232013-07-18T20:13:18.888+08:002013-07-18T20:13:18.888+08:00Yes, I notice the number of letters to the editor ...Yes, I notice the number of letters to the editor that are blinded by allegiance are on the increase..Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8772491888812684500.post-74229389541473940752013-07-18T20:10:05.274+08:002013-07-18T20:10:05.274+08:00"Why bother to flash such headline if they ar..."Why bother to flash such headline if they are so safe?", unquote.<br /><br />It reminds us of a Chinese Saying '此地无银三百两'。Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8772491888812684500.post-63438019442877612042013-07-18T19:53:41.419+08:002013-07-18T19:53:41.419+08:00For once, at least I believe the PM about whether ...For once, at least I believe the PM about whether the ST is to be trusted for all its publications. <br /><br />He, the PM may not realized that more and more readers of the ST are loosing faith in its ability to tell the Truth. Not Half Truths. Never mind, if they have not told true lies. Lye Khuen Wayhttps://www.blogger.com/profile/15902519116110277038noreply@blogger.comtag:blogger.com,1999:blog-8772491888812684500.post-64154773000925856902013-07-18T15:37:39.741+08:002013-07-18T15:37:39.741+08:00Our problem is that too many believe what they rea...Our problem is that too many believe what they read on the Straits Times. Latest example: "MAS says Singapore banks are safe". Why bother to flash such headline if they are "so safe"?<br /><br />Even though the credit to GDP is 270% highest in the world, the MAS claimed the local banks have strongest depsoit to GDP ratio of 400%! Well, they did not say over half the deposits are hot and laundered money, ready to take flight anytime. Then the sheeple local depositors carry the non-performing loans like Cypriots. Some say real estate will fall 30% la, not 50%. I thot cow says the measures were only meant to correct "only a few percent", and he didn't even say up or down? Now think: total bank loans of local banks to real estate is about $155b, plus another $100b to property developers. A tiny 30% correction, if the local banks ever mark to market their loans, would wipe out $80b of capital. And what is total capital of the 3 local banks? $70b! What does the Starits Times think? <br />Anonymousnoreply@blogger.com