Daily Archives: 2017-01-18

Eight men own the same wealth as the poorest half of the world

There is a new estimation which shows that just eight men own the same wealth as the poorest half of the world. In a report published by Oxfam, it stated that as growth benefits the richest, the rest of society, especially the poorest, suffers. "The very design of our economies and the principles of our economics have taken us to …

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Successful applicants of MAS debt scheme got “played out”?

New plan to help borrowers cut debt The Straits Times article on 18 January,  “New plan to help borrowers cut debt” states that “The rule change will likely catch out many people." Monetary Authority of Singapore is bringing changes to the regulation on unsecured debts that specifies amount one can borrow. By June this year, one's debt cannot exceed 18 times …

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Trump’s movie week 

By Margaret Yang, CMC Markets Volatility in currencies has risen sharply as the clock is ticking faster for Brexit and Trump’s first day in the white house.  Welcome to “Trump’s movie week” and fasten your safety belt. The dollar slumped 1.28% last night as sterling rebounded 3% against the greenback after Teresa May laid out her blueprint for Brexit in …

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Govt downplays large gap of sand import and export of Cambodia and Singapore

Just this Monday, The Singapore government distanced itself from any wrongdoing over accusations that it imported tens of millions of tons of smuggled sand – in a response that an environmental NGO leader considered ‘full of lies’ and ‘devoid of any meaning’ – after month of silence, the Cambodia Daily reported. According to trade data sent by both countries to …

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Public healthcare system to be reorganised into three integrated clusters

18Ministry of Health (MOH) has announced that it will reorganise the public healthcare system into three integrated clusters to better meet Singaporeans’ future healthcare needs. The three integrated clusters formed will be as follows: Central region – National Healthcare Group (NHG) and Alexandra Health System (AHS) will be merged. Eastern region –Singapore Health Services (SingHealth) and Eastern Health Alliance (EHA) …

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