Can Singapore Become the World's Bank?

Singapore is slowly becoming the world's number one financial hub.

Narrated by Tom McKay
Video Edited by Iyanbriandi

Brought to you by the Behind Asian Team.

[BehindAsia]

Do you think Singapore can be the number one financial hub in the entire world? Let us know down below!

[AlbertJonathan]

Assalamualikum


The way to end inflation is to end the counterfeiting.
Money creation without product creation is inflation.
Make investments to survive.

[lukelim]

Geez i don't know....not like the normal citizen will profit from this. Feels like major corporations will profit from this while the citizens will get left out.

[kenlee]

why is everyone saying Singapore being small is a disadvantage ? Small not necessarily lose out, just like IC chip small but packed with power. Singapore is like a IC chip

[mkang]

Since Switzerland is no longer a neutral country, Singapore is a good replacement for her.

[lingth]

In the list of Global Sovereign Wealth Funds, Singapore has 2 in the list of Top 10.. GIC and Temasek Holdings. No other ASEAN countries is listed .
HK Monetary Authority investment portfolio is also listed but it's only 1.. while Singapore has 2 listed in the Top 10

[dalisoh]

It is definitely possible that Singapore become the world's bank. Supposedly Singapore develops at the current trajectory and assuming that HK continues to deteriorate in political and economic stability. It will take a fairly long time for the rich to get used to banking in Singapore rather than in Switzerland.

[phongy]

GIC makes so much money, and why is Singapore still the cost of living, taxes are still too high and citizens are suffering ...

[Danji_Coppersmoke]

8:55 Data is so old that it labels 2014 as forecast. LOL

[HESHUI-gk]

Singapore, as an international financial center, already possesses the potential and advantages to become the world's bank, with its solid financial strength, regulatory system, and international reputation. However, to truly become the world's bank, Singapore still needs to cope with the fierce competition in the global financial market, strengthen financial innovation and talent development, enhance international competitiveness, and strengthen financial cooperation with other countries and regions. This is a process that requires long-term efforts and continuous adaptation to market changes.

[NahbehChow]

to b world bank, singapore has to internationalize its currency. it very bad for singapore to do so due to its small economy.

[omori]

and us sg citizens still have low pay with rising living costs

[AstrobumTV]

Can ASEAN reach USD 20 trillion dollar economy in terms of nominal GDP, to be on par with the EU?

[leealex]

Good competition between the two. It is good for the region and world.

[vieworama]

I think it's doing yourself a disservice to lament china's slowing down growth, but you forgot one thing, it's scale, 5% growth of china is 40% gdp of many countries

[angsengchuan]

WTO
WHO
WFC
ALL ARE WELCOME TO SINGAPORE 😊

[earljames]

their country grow so fast because it is very small country a size of a city, no room for development this is how they have so much money and a very high cost of living

[MuhammadAhmad-dbsf]

Singapore is a Great Country But to small in area I wish That Near in Future I visit to singapore 😊😊😊 Great ❤

[ChandraChandra-ernf]

Everytime SG leaders talking abt future, they look like want to cry. PM Lee studied Math. My guess the leaders look like want to cry is most probably because they see something in the future that we dont know yet. my conclusion Singapore future will always be uncertain

[말라유]

all the corrupted or drug mafia money flow into singapore and laundry