Singapore Reserves: The Untold Story - Ep 1/2 | Singapore Reserves Revealed | Full TV Episode
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- เผยแพร่เมื่อ 15 ส.ค. 2023
- In any given year, the Singapore reserves contribute up to a fifth of government spending. This sum is merely half of the annual returns that come from investing the huge capital sum that makes up the country’s reserves. While a chunk of it is invested in gold, Singapore’s proverbial pot of gold is actually invested in a wide range of assets all across the globe, thanks to an army of people from three entities - each with a slightly different mandate.
Through exclusive interviews with top leaders and insiders of ‘Singapore Inc’, we reveal what exactly makes up the republic’s reserves, the unique infrastructure that the city state has built to guard and grow its wealth, the ‘hidden’ role that these reserves play not just for the island’s economy, and answer the million-dollar question: Why are the reserves such a huge secret?
WATCH MORE Singapore Reserves: The Untold Story
Part 2: • Singapore Reserves: Th...
01:42 What if Singapore didn’t have reserves?
03:31 How Singapore’s reserves affect grocery prices
06:19 Defending the Singapore dollar
14:11 Unveiling Singapore’s gold
15:37 What’s the difference between GIC and Temasek?
18:28 Prime Minister of Singapore shares about the reserves
19:58 Companies Singapore invested in through GIC
22:35 Major international properties invested in through GIC
24:18 Responding to keyboard warriors
25:39 Importance of Government Linked Companies
29:33 How large are Singapore’s national reserves?
32:53 Is everything government-linked part of the reserves?
36:13 How Singapore’s reserves guarantee CPF interest rates
38:29 How land reclamation contributed to our nation
43:11 What is Net Investment Returns Contribution (NIRC)?
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About the show: Singapore’s reserves are more than just an emergency fund. This online series hopes to lift the lid on the ‘secret sauce’ instrumental to the prosperity of the most successful city state of our time.
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#CNAInsider #SingaporeReservesRevealedCNA #Singapore
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They should make it mandatory for all students to watch this documentary. A lot of lessons to learn and it's not just about how the reserves are managed. We should always prepare for rainy days, be mindful of our spending and be forward looking.
Agreed
I wish we had a caring government like this in Australia. Your quite lucky Singapore.
Excellent video. Well made and easy to understand.
Majulah Singapura!
@@Marcellus_Wallace_has_a_secret
Same here in Malaysia !!
I'm amazed at the production quality and how understandable the writing is. As someone without a finance background, the analogies used in the video were very useful help me understand this complex topic. Love how this documentary has come out nearing PE2023. It will definitely be good contextual knowledge to understand while scrutinising the presidential candidates. Keep up the good work, CNA Insider!
I have a strong finance background. The quality is not good.
Timely for sgporeans to hear.
@@franciscody9622what could have been better?
@@franciscody9622 what should be improved on then?
Yes like the anal logies of Singapore being a Garden of Eden. Real Christians will be very terrified because it means good times are coming to an end and Singaporeans will be thrown into perfidy by the Snake and the Poisonous Apple into the final abyss of Death.
We must thank our forefathers who designed and created such a wonderful financial scheme to protect Singaporeans in good and bad times. We must also thank our government for executing such a scheme with wisdom, integrity and reliability.
Lucky for all Singaporeans 👍👍👍
❤Excellent video. Well made and easy to understand.
Majulah Singapura!
Pioneer generation worked hard but low salary. Now at retirement age the reserves should provide them money in twilight years, not collecting cardboards or work in McDonald's.
I always admire that Singapore is run by a team of capable politicians. However, one should never take it for granted because every country will have its prosperous and doom period. May the next prime minister be as wise and capable as Mr Lee Hsien Loong.
loong but ok
It will always pass to family
Sg is so blessed by its 1st generation of leaders led by founder PM Lee Kuan Yew and its dedicated of wise, bold visionary team mates. They have done so much for Sg that our current govt abd ruling party is able to continue to build on their legacy. May God continue to bless SG and its leaders to a even stronger united nation for its future generations.
These Chinese are Smart and hardworking, caring for the Country and their Singaporians much! A Blessed Country indeed! ❤❤
14:13 the Singapore government holds 222 tonnes of physical gold. Remember in 1999 Gordon Brown sold 395 tonnes of UK gold. I believed Singapore will continue to buy more gold when opportunity presents itself. Very smart govt.
222 tonnes of gold sound little compared to other countries' gold reserves.
@@Maximax1091 because we have it invested in other assets through GIC. And we have much in forex operations.
@@Maximax1091Other countries have more people to feed and support
Singapore always surprises me, a country designed by intelligent people 🇸🇬♥️
Probably the most important documentary ever produced
How can it be important if it does not disclosure size of the reserves?
@@franciscody9622security reasons
This documentary of the Singapore Reserves truly shines a light on the quality of the team/people managing it. It is a wildly successful story to be proud of.
I live in Malaysia, a country that I love. When our ministers and elite authorities here can hardly string a coherent sentence together, it chokes me when I try to compare us with Singapore.
Dude.....
Imagine what Im thinking as an Indonesian
after watching this vid. i feel ashamed :(
Thanks for your generous n honest comment
Amazingly made and educational. i am amazed by the information revealed for public consumption. i hope people absorb these outside of any political beliefs and appreciate how much is being done back end by the amazing people in the various companies managing the sovereign wealth of Singapore ensuring it's longevity
Not true. Playing fast-and-loose with the facts. The "amazing people" lost BILLIONS investing in UBS, Merrill Lynch, Barclays and FTX. Let that sink in
@@franciscody9622 The unit that lost those tons of money was under Temasek, not GIC or MAS. Thats what the video is telling you.
@@franciscody9622Look, I'm no PAP sucker - I voted for WP in the last election. BUT I'll still acknowledge that our administrative body and the people that work behind it, are doing a rather good job (barring the occasional screw ups *cough* FTX).
Excellent video. Well made and easy to understand.
Majulah Singapura!❤❤
The government cannot work without the smart people involved in all of this. Kudos to all the contribution from the singaporeans and all of us! Majulah singapura!
The "smart people" lost BILLIONS investing in UBS, Merrill Lynch, Barclays and FTX. They also cannot give Singaoreans a First World Standard of Living.
Are you a smart guy? Where do you work?
amazingly done. didnt expect that we would be so transparent about our reserves (esp at this troubling times).
i hope people can now understand why govt CANNOT reveal exactly how much reserves SG has. SGD will suffer if we do.
i learnt SO MUCH in this video. kudos to the CNA team once again for giving us quality content. when i was a child, CNA was just a channel that the adults will play as background noise and i wouldn’t understand a single thing the presenter was saying and all i saw was the stocks going up and down. i feel CNA content has definitely grew over the years and now makes complex concepts into more personable and relatable content that an everyday person like me can understand. thank you so much!!
CNA Insider never disappoints. Thank you team for doing what others can't, even if there are some lines that you unfortunately can't cross.
Excellent video. Well made and easy to understand.
Majulah Singapura!
Watch this with my kids, as a fellow Singapore! Thank you for sharing with us this amazing video. Understand a lot more about our reserve. This video should be part of Singapore National Education!
Yes, absolutely! It would be great if this video could be used to educate Singaporeans about our nature reserve.
😊
Love this series. Informative to the common person on the street (like me), explains simply the economics behind Singapore’s unique monetary policy approach, and also the roles and relationships between different entities e.g. Temasek vs GIC. Great contextual knowledge in the lead up to PE '23 on evaluating the fit of the candidate and as holder of the 2nd key.
(Side note: Also love the football analogy @16:45 and the throwbacks of old school commercials @25:50 for Singtel, SIA, and DBS!!)
You have low standard and you still do not know the size of the reserves.
This was a very good and informative video showing how Singapore as a country manages its reserves, I enjoyed the part when they showed a group of people working around the clock to defend our Singapore currency in the forex market to ensure our currency is stable against other major currencies around the world.
Norway manages its reserves much better than Singapore. It is also more open and transparent. It does it better because it is a real democracy with openness, transparency and (real) accountability with free and fair elections.
@@franciscody9622 Norway has oil. LOL. What are u talking about? And it has Euro… it doesn’t need to defend its own currency.
@@eatdriveplay check your facts before you open your mouth. Norway not even part of EU. What is oil got to do with transparency??? Even if spore has oil, the govt n system here are not transparent! Shallow
@@yogayoggie2209 lol. Sure I made a mistake lumping Norway with Euro.
Why oil has to do with it? Because it changes their strategic backing - Singapore has no other asset to rely on. The strategy and risk is entirely different.
What good does it do for Singapore and Singaporeans to make the reserves public? What good does it do? The only people with an interest to know the figure - unless you are a foreign power trying to manipulate and undermine our currency, otherwise for what??
@@eatdriveplay he was talking about TRANSPARENCY dude! You still have not get it. No need to give long grandmother story.
CNA did a very good job in producing and narrating this series.
Gold is a good commodity and many buy it as investment. It is safe. In hard times, it is more valuable where money is worthless in times of war. You can use it anywhere in the world.
Gold value could drop if supply increased massively in a technological leap. Imagine mining gold easily from underground
@@noproblematallmate yes like many it will drop.. but in hard times it is more valuable than any paper notes or gems in the world.
Probably the most competently managed and governed country on earth!
Really? Where is the First World Standard of Living?
The forefathers were extremely intelligent, boisterously creative and competent. We cannot say the same for the current incumbent who has had on several occasions messed things up. The cracks are forming with some of the Ministers being absolutely incognizant of their responsibilities to the people and some chasing after their own personal interests.
Its the ppl = Singaporeans (Masses) not mainly the goverment....dilutional and weak processing skills to further understand what laid infront ... aka Fog of War.
Indeed.
@@franciscody9622 can you describe in details what first world living you want?
Production is so high quality and makes me look forward to the next episode. This is very informative.
Our current state stands as a testament to the virtues of a fiscally responsible government. Through strategic prioritization of savings, we’ve managed to achieve remarkable progress, setting ourselves apart from those nations whose governments have squandered their resources. This approach has translated into tangible benefits, such as robust infrastructure, social programs, and a stable economy.
However, the prospect of an administration characterized by recklessness raises alarming concerns. A single term under such leadership could swiftly erode the foundations we’ve painstakingly built, leaving us on the precipice of irreversible decline. The potential consequences are dire - economic instability, burgeoning debt, and a prolonged period of recovery that might challenge even the most diligent efforts.
Therefore, safeguarding our achievements necessitates not only our appreciation for fiscal responsibility but also our vigilance in selecting leaders who uphold these principles. The path forward must be one of continued prudence, lest we risk squandering the legacy we’ve worked so hard to create.
A clear example is Taiwan - 16 years of bad and corrupt governing by Chen and currently Tsai ... all but a shadow of former Taiwan
"Word salad". What is the size of the reserves?
@@franciscody9622 Are you a BAD actor ? with bad ulterior motives ?
@@franciscody9622 and that benefits u in what way? Unless u are a foreign country wanting to attack us.
I can't get over how cool this video is. I love Singapore.
You mean clueless on the size of the reserves.
@@franciscody9622u r a fool
@@franciscody9622 What?
@@franciscody9622 joke is on you😂
Best Documentary so far this year! Can't wait for Part 2! Keep up the good work!
This is so informative. CNA should have done this long ago. How NIRC helped Singapore so much that we Singaporean benefiting it without even knowing it.
@@franciscody9622the size of your numb skull
Well said.
@@franciscody9622 Did you even watch the full video? Just add the numbers up by yourself...
This is honestly delightfully entertaining. Not only is it interesting and informative but it leaves the viewer with a sense of confidence about the future of Singapore. Thank you for making this and I cant wait for part 2 !!!
I am not confident because I still do not know the size of the reserves
So leave SG …!
You can go to malaysia :) No one owes you an explanation@@franciscody9622
@@franciscody9622you are appearing in every comments shows how desperate you are. Go cry now.
Thank you for making this video. This is super educational.
one of the best video production series that singapore have for a long time.
This was such a good documentary! Easily understood too. Bravo CNA
The quality and content of this documentary is excellent! Good job CNA!
Very insightful. Looking forward to part 2.
Still do not have insight on the size of the reserves.
Can't wait for part 2. Great video. CNA Insider's documentaries are as usual stellar unlike other CNA news coverage that is syndicated from foreign press like AP, AFP, BBC or CNN. Keep up the good work doing professional journalist work on the ground!
Thank you CNA for another enlightening series!
Love it! The best of CNA documented so far. Great job well done 🎉
Did it tell you the size of the reserves?
Potentially Documentary of the year!
Looking forward to the next episode!
Thank you CNA Insider for answering all the questions that most of us have.
It did not answer the question on the size of the reserves.
@@franciscody9622 If you have what it takes to be the PM or the President, you will know the size.
@@franciscody9622whats the point of knowing? So we know how rich ah gong is and complain why gst cannot lower and continue to whine n complain?
@franciscody9622 You probably didn't understand the part where they said the full size of the reserves is a national security issue. Just look back in history in 1997, on how the Thai central bank ran out of reserves during speculative attacks, which resulted in a devaluation of the Thai Baht
@@franciscody9622And they never will. For good reason.
Can’t wait for the next part!
LOVE THIS DOCUMENTARY!!!
Are you ok? You love "word salad"?
Are you ok…? The reserve is not reveal to stop people from speculating the SG Dollars
Very well done!! 👏
I loved this series. Well done CNA~~
This ben really useful for me! Thanks
This was so good!
Great series!
This is such a well-researched, produced series, it present complex economic concepts and government organization structures in a easy to digest way. Only thing is wish it has subtitles in Chinese, Malay and Tamil so everyone young and old, who only speaks their mother tongue get to learn as well.
At the very least, should have subtitles in the other official languages.
Not good. Still do not know the size of the reserves.
I am pretty sure a Malay, Chinese and Tamil version will come soon
Interesting documentary. Learned a lot!
I super love this episode! Thanks to CNA for making this 🙏🏻
I wasted my time on this because it did not tell me the size of the reserves.
@@franciscody9622 sure, unless u want to attack Singapore from a foreign country, what benefit does it give u?
A very interesting and informative video. Thank you.
Kudos to the team to make this series! We are in a world where we information are being misused and misinterpreted or even to use for own objective, this is very clear that the government plans a lot and we cannot afford to take any risk.
Looking forward to part 2/2
Thank you so much. I’ve a better understanding now. We are blessed indeed.
A very good reference point...
This is a video so well done! Very informative and educational yet entertaining as well. Enjoyed the effort put in to the video to incorporate different elements to make this video so enjoyable!
Excellent video. Well made and easy to understand.
Majulah Singapura!
this is amazing work by CNA. love it.
I've been loving these videos about the reserves. So cool.
So clueless on the size of the reserves
@@franciscody9622 You know you're allowed to let people enjoy things, right? Why are you dropping this random bizarre comment?
Very easy to understand for the lay persons. Great job!
Superb production and insightful exploration into the Singapore Reserves to provide some answers to many curious Singaporeans who keep asking about our Reserves. Glad that it is of a healthy amount to quell the haters trying to fan the flames of fear
As an Indonesian I know that Temasek and GIC have invested in several Indonesian companies too.
Production quality on point
A lot of credit goes to DR Goh who was the Chairman of MAS.
He had set up the forex and treasury management desks in those days.
That contributed to FOREX reserve accumulation.
Dr Goh should have told LKY GDP growth is the wrong economic metric to follow.
@@franciscody9622 What is the correct economic metric to follow in your opinion?
@franciscody9622 what metric do you recommend? And give a succesful country with stable economy and employment as example. Thanks.
Singapore is really blessed with a efficient government who manage our funds well and not forgetting our forefathers.Kudos to our government👋👋👋
Very good documentary!❤
This was a great production! From writing, shots, audio and post - It truly kept my attention throughout!
Very insightful!
Impressive, thanks so much for sharing. All the best.
Caroline in Melbourne
this is awesome and i truly appreciate the research, editing and post-production the team of writers and producers at CNA Insider have done! the analogies are spot-on and great for any layman to understand!
Well Explained ❤
For me which i have gained so much knowlege in my country reserved! Thanks to this episode...
How much knowledge on the the size of the reserves do you have?
Thank you CNA, this video was amazingly informative!
Amazingly useless for not disclosing the size of the reserves.
@@franciscody9622 had there ever been a local channel that ever done that in the world? What kind of country discloses it to the whole world, SG is not a publicly traded company
Amazing info, from Canada🎉
It's very great to see such educational videos.
Learned nothing about the size of the reserves
An insightful documentary to benchmark the Presidential candidates. Thank you.
The bottom line is that the EP (and Singaporeans) must know the size of the reserves. They cannot protect what you do not know. It is that simple.
Good job CNA. Well Done!
looking forward part 2, it improve the general knowledge
My knowledge on the size of the reserves has not improved.
@@franciscody9622because u r a fool
Very good documentary..
I can't wait for part 2 tonight. 17/8
this video is awsome!
Subscribed so I wouldn't miss part 2.
Love this episode, when will episode 2 be out!
Hate it because I still do not know the size if the reserves.
Now I can somewhat understand what is this all about and how meticulous to save this much to make Singapore work,koodos to all the Great people involved ❤
Congratulations BRAVO ❤
The information provided in this documentary shows that things are moving in the right direction.😄
All the countries around the world should learn how to manage their country like Singapore. Including the US/Canada.
Dang bro
Feeling so envious with how great Singapore has managed their Country
This deserves more views...
Don't worry, it will attract more viewers.
i like how they really made a swift decision that time to use to save jobs and lives, kudos the leaders and the people that helped with it
Bravo Fantastic well presented insight - now we all understand where our monies are saved & being used for the greater good of Singaporeans at large 🎉❤
Good day, when is part 2 of this series being uploaded?
Very informative and entertaining at the same time. Makes me want to know how my country (The Philippines) manages its reserves- or the lack of 😅
WATCH Part 2 of Singapore Reserves: The Untold Story - th-cam.com/video/VNR2Jle6NWQ/w-d-xo.html
The other multi-part clips should be deleted because they don't tell the whole story and people who have not watched all the parts might get the wrong idea.
This is fire 🔥
I'm a Kenyan and this is beautiful
Such an informative series honestly! It answers questions that many Singaporeans have on the national reserves since covid. 😂
Waiting patiently for part 2.
now the actual amount is known public = trick Singapore in poor investment ( invest in China technology and education shares = lose billions of dollars ) , force the food prices to go up for Singapore to pay , increase the price of crude oil. this will destroy Singapore only capable defend. ( now the actual amount is known public ) Singapore Opposition party will be laughing a big win over PAP.
I knew Singapore was well run.
But I now know that, that was an understatement.
Its more like a Swiss watch performance.
Excellent program. Unfortunately, the sound volume is unusually low for CNA.
I am at awe at what Singapore has done, hopefully my country will be like that in the future. =)
I know a lot more of SG policies than my own country at this point. Amazing content.
I love CNA insider. So informative and easy to understand. Too bad not in other languages lol. The older generation probably still have misconceptions about the point of reserves
when will part 2 be available ?