By: Wilfred Ling
During a Christmas gathering with friends, someone asked me for a question: What is the best risk-free instrument in Singapore? It was an easy question.
My answer to that was:
There is no risk-free instrument in Singapore. Traditional risk-free instrument is associated either with a bank deposit (preferably linked wiith the Singapore goverment) or the Singapore Government Securities (SGS). But we know that bank deposits and 10-year SGS is below the inflation rate. It is forecast that inflation for 2008 will be 4-5% per annum.
The Best Bank Deposit Rates in Singapore by Dr. Money