Posted on 06/12/2012 6:43:43 AM PDT by SeekAndFind
Bankers have always been a worldly crew, and since Facebook co-founder Eduardo Saverin renounced his U.S. citizenship and moved to Singapore, we've thought that island deserved our attention.
So we started digging and we found out that bankers are heading there in droves. In a recent Telegraph survey Singapore dominated a list of places that bankers said they wanted to work, with 27% of the vote it even beat out NYC.
Boston Consulting Group recently named Singapore the country with the world's densest population of millionaires -- 17 percent of all households, to be exact.
It's no surprise then that Singapore has become a veritable playground for the richest of the rich. If you've got the dough (and we mean serious dough) then there's plenty of room for you to play (and work) too.
Singapore is the best country in the world for doing business, according to a report released earlier this year by the World Bank. Here's why:
It takes, on average, three days to open a business. Trade is open and competitive: there are no tariffs on imports and foreign and domestic business are regulated equally.
Unemployment is only 2.1%
(Excerpt) Read more at businessinsider.com ...
Northern Samar Province, in the Philippines, Catamaran area.
6 years ago one could buy a 10 acre island for $75,000.00
I livde in NYC through during the long slide into crime and filth and witnessed a turn around. I’ve traveled there frequently as NYC recovered. While graffiti is pretty much gone there, you can still find it. You see it in Queens, Brooklyn, the Bronx and Staten Island, as well as Jersey City.
I see a lot of graffiti in Los Angeles now and in Washington, D.C. New York is cleaner than it used to be, but is still a pretty dirty city where many people use the street as a trash can an litter is constantly blowing with wind along the streets an din the parks. You realize this if you visit Chicago, which is very clean and neat.
No, I’m sorry, but there is not much graffiti in New York and it’s not a particularly dirty city. I don’t know where you’ve seen graffiti in Jersey City (or Weehawken, for that matter); I travel every other day to NYC by car and never see ANY graffiti.
By the way, I have a little trouble believing you are up in the Bronx that much. Or Staten Island. Or Queens. Maybe Brooklyn - that’s a hot spot for residents and tourists.
Believe what you will. I lived in NYC and have friends all over and travel to visit them periodically. That includes all the boroughs. I actually lived on Staten Island years ago on Grymes Hill and have visited there recently. I plan to visit again soon. What I do like about NYC is that graffiti has disappeared from the subway where it was the worst. On my last trip to New York earlier this year, I saw litter on the streets everywhere I went in Manhattan, from the upper east side to Wall Street.
WOW
Candor7,
Sorry, but foreigners are not allowed to own property in the Philippines. Filipinos can, and do, buy property, business, and anything else they want in the U.S., but we are not allowed to buy any property or start a business there.
My wife is buying a building lot in a subdivision in Laguna and I am required to sign an Affidavit of Waver stating that I understand, that as an alien, I am not qualified to own property in the Philippines. The inclusion of my name in any real estate transaction is only a formality and does not give me any right to the said property.
This is a document from the real estate developer and I just signed it today.
If anyone non-Filipino tells you that they own property there it is not true. The property will be in the Filipina wife’s or girlfriend’s name. If they own a business, the alien must have a Filipino partner who will have the controlling interest in the business.
Topsail
:-)
Business Insider vacillates between an Obama-reelection propaganda machine and the Cassandra pointing out what’s wrong with our current system in the US. The schizophrenia makes it hard to read.
China is a kleptocracy that boggles the mind and I’m from Cook County IL. By dint of size they’ll matter for some time, but they’re not going to get off the ground based on the same policies used in Cook County, only to the nth power.
Excellent and correct. I love louche - the word not its meaning.
Sorry, but foreigners are not allowed to own property in the Philippines>>>>>>>>>>>>>>>
You do not have to be sorry. LOL.
There is a perfectly legal way of doing it using a corportation, 2 Philippino shareholders, trust documents and contracts.
All you need is a very good Philippino lawyer, and there are many.
The only reason I did not go was that a foreigner is not allowed to own firearms.
So we messed up our Phillipines occupation as well, eh?
can you smoke in Singapore?
I don’t understand your reference to “our philippine occupation”, can you explain in greater detail please.
Restrictions on property ownership mentions foreigners, aliens, non-Filipinos, etc, but as far as I know, does not single out Americans or any other nationality.
To me, it’s a matter of fairness and reciprocity. Many other countries, for example Mexico, Panama, Costa Rica, Ecuador, and others, allow personal ownership of land and business by foreigners as if they were citizens of that country. However, in the Philippines, which claim a special relationship with the U.S.A., the legal policies are slanted to give advantage to Filipinos over foreigners in every instance. Sometimes situations are contrived to do just that !
I have been going to the P.I. for longer than most Freepers have been alive, have lived and worked there and have been married to a Filipina for 22 years so I have more than a casual understanding of the country, its policies and it’s culture.
Many who post here are extremely naive in regards to living in the P.I. Having said all that, It’s their country and they can run it any way that they want to. I understand that if foreigners, myself included, don’t the policies in the P.I., there is always the option of not going there.
Just saying !
Topsail
Agree on the PI .. Living in their provences is a sustainable solution to life on earth. Pakikisama.
Yes, but I believe they have recently banned it in bars/restaurants, as in the USA.
Here’s a good starting point for US/Philippines history: http://en.wikipedia.org/wiki/Philippine%E2%80%93American_War
I’m surprised you didn’t know more about it since you live there, etc. As an American and a conservative you should know that government “fairness and reciprocity” is usually anything but. One of the reasons the Philippines is so poor are government land and capital policies. For my part I like Filipinos and have had only good experiences with them.
I’ve never been to the Philippines, though. Where do you live and what is it like? You can FReepmail me a reply.
Thanks for the wiki link. I have a general knowledge of that period but not the details. My experience in the Philippines only goes back to 1956.
I apologize for mis-understanding your reference to “our occupation”, I thought it was a sarcastic remark referring to the U.S. more recent lease of Clark and Subic.
I lived and worked there, (past tense). I have been back in the U.S. for 20 years now. We have visited family in Manila, Cavite and Cebu several times but I am conflicted about living there. There have been great improvements in the infrastructure, huge shopping malls, many expensive gated subdivisions, etc., but the culture is the same. We have several Filipino friends,retired professionals, who do not want to go back there either. I will soon be 75 yrs old and don’t really feel a need to deal with emotional crisis and conflict with overly sensitive others, excitement or social drama, things the average Filipino, in the Philippines, thrives on.
My comments are only my opinion based on my experiences in the Philippines. I do not claim to be an authority on anything. Someone else could have shared the same experiences as I, and perceived a totally different reality. The human mind works in mysterious ways, doesn’t it ?
topsail
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