Singapore’s GDP data has distortions that present an overly-rosy picture when compared with Hong Kong. Photo: Reuters Singapore’s GDP data has distortions that present an overly-rosy picture when compared with Hong Kong. Photo: Reuters
Singapore’s GDP data has distortions that present an overly-rosy picture when compared with Hong Kong. Photo: Reuters
Jake Van Der Kamp
Opinion

Opinion

Jake's View by Jake Van Der Kamp

Singapore is falling behind Hong Kong, just do the math

‘People in Hong Kong on average have US$29,000 each a year to spend on themselves while Singaporeans have only US$19,000, and the margin is growing rapidly in Hong Kong’s favour’

Singapore’s GDP data has distortions that present an overly-rosy picture when compared with Hong Kong. Photo: Reuters Singapore’s GDP data has distortions that present an overly-rosy picture when compared with Hong Kong. Photo: Reuters
Singapore’s GDP data has distortions that present an overly-rosy picture when compared with Hong Kong. Photo: Reuters
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Jake Van Der Kamp

Jake Van Der Kamp

Jake van der Kamp is a native of the Netherlands, a Canadian citizen, and a longtime Hong Kong resident. He started as a South China Morning Post business reporter in 1978, soon made a career change to investment analyst and returned to the newspaper in 1998 as a financial columnist.