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Daily Archives: 2017-12-09

SIBOR Reform: Potential Implications for Singaporean Consumers

by Value Penguin The Association of Banks in Singapore published a proposal on 4 December to improve the way it calculates SIBOR. SIBOR stands for Singapore Interbank Offered Rate, and is simply an interest rate that banks in Singapore charge to one another. While that may sound like it is completely irrelevant to everyday consumers in SIngapore, it actually could have some …

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Ezbuy.sg gives account on stoppage of service for Taobao purchases

Ezbuy.sg, Singapore's first and largest global shopping platform*, issued a press release on Friday to give a blow by blow account of what happened to its purchasing service for China e-commerce platform, "Taobao” since 4 Nov this year, a sequence of event that led to services enjoyed by Singapore consumers being withdrawn by the company. Below is the statement in full …

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