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Coffee Shop Talk of a non sexual Nature Visit Sam's Alfresco Heaven. Singapore's best Alfresco Coffee Experience! If you're up to your ears with all this Sex Talk and would like to take a break from it all to discuss other interesting aspects of life in Singapore,  pop over and join in the fun.

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Old 03-07-2013, 10:00 AM
Sammyboy RSS Feed Sammyboy RSS Feed is offline
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Thumbs up Why many Sinkies will die if interest rate goes up....

An honorable member of the Coffee Shop Has Just Posted the Following:

Excellent job PAP!

Quote:
A StanChart finding released this week shows Singaporean households are among the most indebted in Asia - relative to their earnings.

Households borrowed worth 151 per cent of their annual income last year, second only to Malaysia which had a debt of 182 per cent to income - the highest in the region.

In other words, for a household with an annual total household income of $100,000, there were $251,000 worth of borrowings.

However, thanks to attractive low interest rates, debt servicing remains robust despite of the levels of debt.




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