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GE2024 - PAP risk losing 12-24 more seats
- Thread starter joemartini
- Start date
new pm means lower vote share. 2 4 2 so far. 
The wild card....
Cisco to lay off 4,000 more employees: reports
https://www.hcamag.com/asia/special...to-lay-off-4000-more-employees-reports/501221The tech firm is one of the many organisations laying off employees this year, which includes Intel, eBay, Riot Games, Snap, Estee Lauder, Warner Music, among others.
Several reasons for retrenchment this year include the need to reduce cost, anticipation of recession, desire to increase profits, and replacing employees with artificial intelligence.
Yahoo to lay off all journalists, social media executives in Singapore
Samantha Chiew and Jovi HoMon, 29 Apr 20244-min read
EXCLUSIVE: Yahoo is letting go of its editorial and social media teams in Singapore.
Yahoo is letting go of its editorial and social media teams in Singapore. In total, 17 staff will leave the digital news publication after May 7, The Edge Singapore understands.
One affected employee had worked at Yahoo for more than 15 years. Affected staff will receive slightly more than two weeks’ pay per year of service, according to a source who has requested to remain anonymous as the matter is private.
Lanjiao USA company full of CECA just like Intel and Microsoft
https://www.finews.asia/finance/41726-asia-debt-problem-debt-to-gdp-total-china
Tuesday, 13 August 2024
Image: Shutterstock
FINANCEFriday, 19 July 2024 22:13
Written by Andrew Isbester | Editor
Japan and Singapore are at the top of the global leaderboard when it comes to prevailing debt-to-GDP ratios although China is catching up quickly.
The US, or maybe an Italy or a Greece, are usually taken to task as veritable examples of financial profligacy when it comes to the flotsam of government detritus clogging the fixed-income markets of the world.
But there are new sovereign villains of fiscal recklessness on the horizon for the average banker to fret and despair about, a graphic by Visual Capitalist released on Friday shows.
Japan First, Singapore Third
The figures, based on International Monetary Fund data, show that when it comes to debt-to-GDP ratios, Japan unequivocally comes in first at what must be a very hard-to-service 252 percent.
Although that may be of relatively little surprise to bond market traders, the fact that Singapore follows in third place at 168 percent is likely to at least raise an eyebrow here or there.
Indebted Europe
After that, the usual continental European suspects follow in tow. Greece is in fourth place at 160 percent, followed by Italy (143 percent), and France (110 percent). However, the latter’s prominence in this dubious ranking remains a sore sticking point in the televised debates surrounding national legislative elections currently underway.
By that token, the US, which places sixth with a debt-to-GDP ratio of 126 percent, looks distinctly average - at least from the perspective of using a particular number and dividing it by another.
Other Considerations
But that is also where the usefulness of using ratios as an overarching gauge for everything ends. The total stock of outstanding US government debt is almost $70 trillion, Visual Capitalist believes. By itself, that lone figure sheds an entirely new light on the temptations offered to those elected officials who can’t help themselves from flirting with the dark side of finance.
It stands out there, isolated, a sore thumb, a sole mountain peak of unfathomable size, towering over the surrounding, much-reduced pampas of generalized, sovereign fiscal prudence.
Debt Deniers
If mentioned verbally, it silences the loudest of North American debt deniers in expert circles who otherwise all too easily ping pong between percentages and total stock when trying to make categoric, subjective points in quickly forgotten discussions.
But the interesting thing for the devotees of the total stock faction is that there is a new kid on the block called mainland China.
Coming from Behind
Although it still has a relatively manageable debt-to-GDP ratio of 87.4 percent, Visual Capitalist estimates that its total debt stands at $47.5 trillion, a figure that is surprisingly not that far off from the US and likely the second highest worldwide.
According to the online publisher, this is because the mainland has played a significant role in the recent surge of global indebtedness and it now has the largest share of non-financial corporate liabilities in the world. And we are not even talking about the real estate crisis here, although everyone in their right mind would have to keep that in the back of their minds as a factor driving some of this.
Asia is Beginning to Have a Real Debt Problem
Tuesday, 13 August 2024
FINANCEFriday, 19 July 2024 22:13
Asia is Beginning to Have a Real Debt Problem
Written by Andrew Isbester | Editor
Japan and Singapore are at the top of the global leaderboard when it comes to prevailing debt-to-GDP ratios although China is catching up quickly.
The US, or maybe an Italy or a Greece, are usually taken to task as veritable examples of financial profligacy when it comes to the flotsam of government detritus clogging the fixed-income markets of the world.
But there are new sovereign villains of fiscal recklessness on the horizon for the average banker to fret and despair about, a graphic by Visual Capitalist released on Friday shows.
Japan First, Singapore Third
The figures, based on International Monetary Fund data, show that when it comes to debt-to-GDP ratios, Japan unequivocally comes in first at what must be a very hard-to-service 252 percent.
Although that may be of relatively little surprise to bond market traders, the fact that Singapore follows in third place at 168 percent is likely to at least raise an eyebrow here or there.
Indebted Europe
After that, the usual continental European suspects follow in tow. Greece is in fourth place at 160 percent, followed by Italy (143 percent), and France (110 percent). However, the latter’s prominence in this dubious ranking remains a sore sticking point in the televised debates surrounding national legislative elections currently underway.
By that token, the US, which places sixth with a debt-to-GDP ratio of 126 percent, looks distinctly average - at least from the perspective of using a particular number and dividing it by another.
Other Considerations
But that is also where the usefulness of using ratios as an overarching gauge for everything ends. The total stock of outstanding US government debt is almost $70 trillion, Visual Capitalist believes. By itself, that lone figure sheds an entirely new light on the temptations offered to those elected officials who can’t help themselves from flirting with the dark side of finance.
It stands out there, isolated, a sore thumb, a sole mountain peak of unfathomable size, towering over the surrounding, much-reduced pampas of generalized, sovereign fiscal prudence.
Debt Deniers
If mentioned verbally, it silences the loudest of North American debt deniers in expert circles who otherwise all too easily ping pong between percentages and total stock when trying to make categoric, subjective points in quickly forgotten discussions.
But the interesting thing for the devotees of the total stock faction is that there is a new kid on the block called mainland China.
Coming from Behind
Although it still has a relatively manageable debt-to-GDP ratio of 87.4 percent, Visual Capitalist estimates that its total debt stands at $47.5 trillion, a figure that is surprisingly not that far off from the US and likely the second highest worldwide.
According to the online publisher, this is because the mainland has played a significant role in the recent surge of global indebtedness and it now has the largest share of non-financial corporate liabilities in the world. And we are not even talking about the real estate crisis here, although everyone in their right mind would have to keep that in the back of their minds as a factor driving some of this.
a time will come when not only will the state be in debt, 2 in 3 sinkies who are eligible to buy houses will buy beyond their means. Personal debt will further killhttps://www.finews.asia/finance/41726-asia-debt-problem-debt-to-gdp-total-china
Asia is Beginning to Have a Real Debt Problem
Tuesday, 13 August 2024
Image: Shutterstock
FINANCEFriday, 19 July 2024 22:13
Asia is Beginning to Have a Real Debt Problem
Written by Andrew Isbester | Editor
Japan and Singapore are at the top of the global leaderboard when it comes to prevailing debt-to-GDP ratios although China is catching up quickly.
The US, or maybe an Italy or a Greece, are usually taken to task as veritable examples of financial profligacy when it comes to the flotsam of government detritus clogging the fixed-income markets of the world.
But there are new sovereign villains of fiscal recklessness on the horizon for the average banker to fret and despair about, a graphic by Visual Capitalist released on Friday shows.
Japan First, Singapore Third
The figures, based on International Monetary Fund data, show that when it comes to debt-to-GDP ratios, Japan unequivocally comes in first at what must be a very hard-to-service 252 percent.
Although that may be of relatively little surprise to bond market traders, the fact that Singapore follows in third place at 168 percent is likely to at least raise an eyebrow here or there.
Indebted Europe
After that, the usual continental European suspects follow in tow. Greece is in fourth place at 160 percent, followed by Italy (143 percent), and France (110 percent). However, the latter’s prominence in this dubious ranking remains a sore sticking point in the televised debates surrounding national legislative elections currently underway.
By that token, the US, which places sixth with a debt-to-GDP ratio of 126 percent, looks distinctly average - at least from the perspective of using a particular number and dividing it by another.
Other Considerations
But that is also where the usefulness of using ratios as an overarching gauge for everything ends. The total stock of outstanding US government debt is almost $70 trillion, Visual Capitalist believes. By itself, that lone figure sheds an entirely new light on the temptations offered to those elected officials who can’t help themselves from flirting with the dark side of finance.
It stands out there, isolated, a sore thumb, a sole mountain peak of unfathomable size, towering over the surrounding, much-reduced pampas of generalized, sovereign fiscal prudence.
Debt Deniers
If mentioned verbally, it silences the loudest of North American debt deniers in expert circles who otherwise all too easily ping pong between percentages and total stock when trying to make categoric, subjective points in quickly forgotten discussions.
But the interesting thing for the devotees of the total stock faction is that there is a new kid on the block called mainland China.
Coming from Behind
Although it still has a relatively manageable debt-to-GDP ratio of 87.4 percent, Visual Capitalist estimates that its total debt stands at $47.5 trillion, a figure that is surprisingly not that far off from the US and likely the second highest worldwide.
According to the online publisher, this is because the mainland has played a significant role in the recent surge of global indebtedness and it now has the largest share of non-financial corporate liabilities in the world. And we are not even talking about the real estate crisis here, although everyone in their right mind would have to keep that in the back of their minds as a factor driving some of this.
Only low IQ people and grassroots GLCs SAF dogs vote for PAP
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