Lean Singapore Government

Singapore govt least Tax Revenue and least Spending

GST and Other source to rise, Tax to go down

GST will continue to rise

And hopefully tax will go down

Govt Expenses

Total SGD 33bn
Defense SGD 10bn
Education SGD 7bn
Home Affairs SGD 2.6bn
Health SGD 2bn

Devpt Expenses SGD 3bn plus

Civil Servants

Payroll Expenses = SGD 4bn
100,000 Civil servants
Average pay = 40k
Ministers pay = SGD 30mn
Less than 1% of total payroll expenses
50% of civil servant in Education
20% in Home Affairs

Singapore Govt P&L Part 1: LTA

COE dropped fr 0.6bn to 0.08bn SGD. Insignificant part of Govt's revenue.

ERP contributes 0.09bn SGD only.

Conclusion: LTA is increasing ERP not bcos they want to make money, but bcos they think it can REALLY solve congestion. And the no. shows so. Traffic speed increasing after ERP is put on.

But anedoctal evidence shows it is still congested.

Why?

Error in measurement? Biased study to show that ERP works? Mystery unsolved...

LTA Revenue SGD400mn or so, bulk of it comes from management fees? Dunno what fees is that?

LTA is making losses.

Singapore roads 3.5km / square km. HK 2, London 9, NY, 12, Tokyo 11.5. Singapore needs more roads.

Global beer consumption

170mn kili litres of beer consumed in the world

Hedge fund return

1987 to 2004 15% return per yr
Bay Pond 40% per yr in 10 yrs

Harvard Endowment Return

Harvard Endowment Return 18.4%pa over 5 yrs 2002-2007
Endowment Benchmark Return 13.8% over 5 yrs 2002-2007
S&P Return 17% over 5 yrs 2002-2007

CPF

Singaporeans average have 55k SGD in CPF at retirement.
if ave sum in CPF is ard 55k as well
CPF has 100bn SGD of money

Singapore housing stats

880,000 HDB flats
smallest HDB estate Bukit Timah 2400 flats
largest HDB estate Tampines 61,500 flats

10,000 detach houses
20,000 semi detach
37,000 terrace houses
60,000 private apts
100,000 condos
9,500 executive condos

Tech pdts statistics

Copiers 4mn units USD 30bn
Laser printers 20m units USD 12bn
Inkjet printers 200-250mn units
PC 250mn units USD 250bn
TV 150mn units
LCD TV 50mn units
Mobile phones 1bn units USD 200bn
DSC 100mn units
SLR 7mn units

National Day Speech stuff

23% of Singaporeans in one cohort reach university
30% targeted in the future (hence 4th university)
Every extra yr spent in school increase income by 14%

420 suicides in Singapore, 0.1% of population
30,000 suicides in Japan 0.025% of population

Tiger Woods earns USD100 mn per yr
No.2 Phil Mickelson only earn half of Tiger Woods
Reason for the great income divide globally

Hotels with F1 view

Sept 24 -28

Swisshotel
Raffles the Plaza
Pan Pacific
Fullerton
Ritz Carlton
Oriental
Marina Mandarin
Raffles Hotel
Conrad
Carlton Hotel
Peninsula-Excelsior

Rates: S$250-700

Asian cities office rental

Hong Kong 3% 180 USD/sqf/yr 16.4% YoY
Tokyo 3% 119 USD/sqf/yr 7.4% YoY
Singapore 2.6% 103 USD/sqf/yr 54.3% YoY
Mumbai 4% 100 USD/sqf/yr 17.2% YoY
Delhi 0% 93 USD/USD/sqf/yr 19% YoY
Shanghai 2.8% 66 USD/sqf/yr 6.1% YoY
Sydney 4.3% 61.5 USD/sqf/yr 7.4% YoY
Beijing 11.2% 55 USD/sqf/yr 2.5% YoY
Taipei 9.6% 43 USD/sqf/yr 0.3% YoY
Bangalore 7.2% 29 USD/sqf/yr 25% YoY

S&P 500

40% of S&P OP comes from outside US

Solar

10% of national electricity supply from solar cells by 2030
Current 0.1%

Domestic solar cell makers supply to 50% of global market

Solar energy conversion efficiency only 7-20% (20% not yet achievable, only in theory)

Solar pdtn eqmt
CVD unit (most impt)
spluttering
laser scribe
cleaning
Requires 1ha of space, produce 40MW of energy in 1 yr