Daily Archives: 2016-09-26

Remittance company foiled a $5,000 police impersonation scam attempt

The Singapore Police Force was alerted by a staff from Samlit Moneychanger Pte Ltd to a suspected case of cheating on 23 September 2016. Officers from Central Division and Commercial Affairs Department responded to the case and ascertained that an attempted scam involving a 38-year-old male victim had occurred. The victim said that he received an automated phone call claiming …

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LTA rolled out several initiatives to enhance the commuting experience

The Land Transport Authority (LTA) announced that it had studied the recommendations in the Public Transport Council’s (PTC) Advisory Report released on 1 August 2016 the importance of having user-friendly public transport and accessible for commuters with various needs as Singapore moves towards the car-lite vision. LTA said that it would be working together with the public transport operators (PTOs) …

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What to do if you lose your job in Singapore and have no savings

By SingSaver.com.sg Make these financial moves within a week of losing your job, so you can survive unemployment in Singapore even if you have no savings. This article was originally published on 11 May 2016 and updated on 19 September 2016. Layoffs have continued to happen to many Singaporeans during the second quarter of 2016. A recent article in The Straits Times reports …

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Why did Singaporeans lose money in the CPF Investment Scheme?

By SingSaver.com.sg If most CPF Investment Scheme (CPFIS) assets are low-risk, why did some Singaporeans make losses in the last 10 years? There have been some news reports about the CPF Investment Scheme (CPFIS) being reviewed. The reason? Many Singaporeans have tried to invest their CPF money and ended up making losses. Given that the majority of CPFIS assets are low risk, how …

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Will the debate send volatilities higher?

By Margaret Yang, CMC Markets Despite the Fed’s decision to hold interest rates in its recent September meeting, divergent opinions have emerged between the Fed’s members. Equity markets have since closed lower on Friday. US indices lost around 0.6%, ending a two-session gain. European markets have also retraced, with Financials (-1.18%) and Energy (-1.02%) been the worst performing sectors. With …

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