Singapore Election Watch

Lets Get Angry!

« Home

Chee charged for attempting to leave S'pore withou... »Thais respond to PM Lee Hsien Loong's democracy »CSJ to WSJ: Is this corruption? »Bloomberg: Economic Growth Slowed for a Third Quar... »Race or Religion? »FEER applies to move suit to HK »Thank you FEER for the truth! »Financial Center Pipedreams »Headline of the Week »FEER Responds » 

Corrupt Indonesians in Singapore

Published Wednesday, October 11, 2006 by Singapore Election |
Listen to this article Listen to this article

A third of Singapore's high net worth individuals are of Indonesian origin, according to a report by Merrill Lynch and Capgemini.

At the end of 2005, Singapore had an estimated 55,000 high net worth individuals, holding assets worth $260 billion, the report said.

A third of these individuals were Indonesians with permanent resident status in Singapore -- 18,000 in all -- with assets worth $87 billion.

"Singapore has a very open immigration policy to attract talented foreigners and that has also attracted a lot of high net worth individuals from Indonesia," Tho Gea Hong, market director for Merrill Lynch Global Private client, told a news conference.

- Reuters/NDTV

"Singapore’s success came mainly from being the money laundering center for corrupt Indonesian businessmen and government officials. Indonesia has no money. So Singapore isn’t doing well. To sustain its economy, Singapore is building casinos to attract corrupt money from China."

- Andy Xie, Ex-chief economist at Morgan Stanley

1 Responses to “Corrupt Indonesians in Singapore”

  1. Blogger meds  on 12:49 PM SGT

    singapore is feed form money laundering. from bastard money. indonesia is the donor. you must say thanks for indonesian people.

     

Post a Comment

[Uncensored] Search

Team Bloggers

Say NO to Pay Hike for Singapore Ministers

Say No to GST Hike

  • Target: 1 Million Signatures!
  • Petition 1 - 4094 patriots Say NO
  • Petition 2 - 6859 patriots Say NO
  • Enough is enough!
  • Singaporeans MUST learn to stand up against the Familee's tyranny and economic genocide against Singaporeans! Even if it's not for ourselves, we have to do it for our children and children's children!
  • If Singaporeans don't want to help themselves, nobody will!
  • Please urge at least 5 or more of your relatives, friends and colleagues to sign in. Just do it!

Contact Us/Submit Articles

Singapore Freedom Index

  • Rank: 146th out of 167 countries
  • Press Freedom: Difficult Situation
  • Economic Freedom: Free
  • Democracy Rank: 84th (Hybrid Regime)
    • Wikipedia 1 2
    The Economist 1

Election Watch Poll


    Who Are You Voting For?
    Singapore Democratic Party (SDP)
    Workers' Party of Singapore (WP)
    Singapore Democratic Alliance (SDA) (Alliance of NSP, SPP, PKMS)
    People's Action Party (PAP)
    Independents
    Others



    results »

  • The GE2006 poll click Here.

Previous posts

Archives

Manifestos

Links

Online Petitions


RSS Feed

Endorsement

    Get Firefox Get Firefox Support openDemocracy! singapore blog directory

Empower Singaporeans

  • Event: Empower Singaporeans Rally and March
  • Dates: Everyday, 16-19 September 2006
  • Venue: Speakers Corner @ 11 am onwards
  • Participants: Open to Singaporeans from all walks of life
  • Objectives: One, to highlight the fact that the SingaporeGovernment denies Singaporeans their freedoms of speech, association, and peaceful assembly. Two, to highlight the plight of poor and working Singaporeans.
  • Event Reports: Click here, here and here
  • Confessions of Protesters: I, II, III, IV
  • Pictures: Album 1, Album 2, Album 3, Album 4, Album 5
  • Videos: Click Me
  • Why you came: Listen

Powered by Blogger

make money online blogger templates


Singapore Election Watch is powered by Blogspot and Gecko & Fly.