Comments on: Dubai Debt Crisis

By: roachel

roachel — Mon, 18 Jan 2010 02:25:45 +0000

DUBAI—-very,very boastful..hehehhehahahah…what a hell this?…Your Municipality is DEBT!!!..next time f you doesnt have enough capability..please dont do huh?, friendly advise only..

By: joop

joop — Wed, 02 Dec 2009 01:59:20 +0000

Falcon Private Bank (formerly AIG Private Bank with a Singapore office) current owner is a Dubai Investment Company. Not sure if they are going to be affected.

By: lioninvestor

lioninvestor — Mon, 30 Nov 2009 12:39:39 +0000

Big brother dictates that the minimum we need to set aside before we can withdraw will increase every year. 🙁

And part of the balance will eventually go to CPF Life, which does not even have a guaranteed minimum monthly payout.

I suppose the run on CPF can only occur if everyone starts giving up the Singapore citizenship.

By: Intheknow

Intheknow — Mon, 30 Nov 2009 06:49:04 +0000

singapore and dubai totally different.

singapore does not rely on debt for funding purposes.

you see the IRs… not much government funding. mainly private investment.

the biggest government debt is CPF… and terms of repayment are dictated by big brother.. so….

By: lioninvestor

lioninvestor — Sun, 29 Nov 2009 19:44:56 +0000

Hi VSL,

Frankly speaking, I have not been tracking what is the current state of affairs of our foreign reserves. Certainly not those managed by Temasek and GIC. Also, Temasek has in the past couple of months tapped into the bond markets a few times.

We are pretty much on our own as we do not have a rich oil brother to bail us out if things fail.

One thing that has always been going for us is that we have been in a safe and strategic location.