👉Singapore Economic Report   Why is Singapore called The Switzerland Of Asia
Channel: GeoStar TV
Date: 27/03/2020

👉Singapore Economic Report : Why is Singapore called The Switzerland Of Asia ?
Singapore's economy grows 0.1% in Q3 2019, avoiding a technical recession.
Singapore's economy depends a lot on how the overall world economy is doing. If the world is not doing well, then it is hard for Singapore to improve unless some big scale instability will push rich people into saving havens. Singapore is considered safe for money, so any troubles in the neighborhood will bring extra funds to Singapore.




 Singapore was the World's Most Expensive City in 2019. Singapore has perhaps one of the best healthcare systems in the world.
Also worth noting: Singapore owns 80% of its hospital capacity and sponsors public housing for 80% of the entire citizenry. Also, if housing projects want that sweet, sweet government money, then they need to follow diversity quotas within each building for all of the ethnic groups present in Singapore. That capitalism/socialism duality is simply stunning.


Singaporean government also uses publics compulsory (20%) retirement savings to invest as it wishes — no pension at all for the elderly funded by the government. Inequality is evident.

Singapore is the only OECD nation that doesn't have a minimum wage. Much of the low skilled jobs there are being done by foreign workers who are paid whatever the employers want to pay them.
 Singapore has become the Switzerland of Asia!
But housing is no longer affordable for the average Singaporean. And the reason why there are no strikes in Singapore is simply because it is illegal to strike.
Singapore seems to be excellent in many ways; education, healthcare, business, etc.
 But yet not the happiest nation in the world.
In this video, we will try to understand why.

Welcome to The Atlantis Report.

Singapore was expelled from Malaysia due to disagreements by its state government and the Malaysian Federal Government. 
And Singapore sought its sweetest revenge by one-upping Malaysia.

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