How will Singapore turn out after this Global Crisis?

Post by **Dennis Ng** » Sat Oct 25, 2008 11:05 pm

Singapore is actually one of the best positioned country in the world. In a world of uncertainties, there'll still be ample liquidity in Singapore due to Singapore being seen as a safe haven, with a strong currency.

Singapore will go through the Worst Recession since Independence.....many businesses will fail, many jobs will be lost, many people going bankrupt (definitely worse than what we went through in Asian Crisis)....however, after the Crisis, Singapore would still remain one of the Best place for the Rich to put their money becos:

1. we have No estate duty
2. we have No capital gain tax
3. Low Effective Corporate Tax Rate and easy to set up/close business
4. our security is good, Rich need not worried being kidnapped.
5. banking secrecy, thus the identities of the Rich are protected.

No doubt that Singapore will suffer alot, but I believe we are positioned to rebound strongly after this Crisis is over.

It is my belief that "this too shall pass".....that in the end, somehow there'll be a way to restore confidence....of course, I'm not saying that the world can avoid a Global Recession. Nope, unlikely, there'll be a Worst Global Recession in the last 80 years before this crisis is over...

Above is just my personal opinion. Anyone else can have a different opinion.