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Daily Archives: 2018-03-12

Change in Chief of Defence Force and Chief of Army

Ministry of Defence (MINDEF) has announced on Monday (12 March) that Major-General (MG) Melvyn Ong Su Kiat, Chief of Army (COA), will take over from Lieutenant-General (LG) Perry Lim Cheng Yeow as Chief of Defence Force (CDF) on 23 March 2018. Brigadier-General (BG) Goh Si Hou, Commander 6th Singapore Division, will assume the appointment of COA on 21 March 2018. These …

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Is Singapore’s Debt Consolidation Plan working? Household Debt Data shows mixed signals

by ValuePenguin In 2017, the Association of Banks in Singapore introduced a new financial instrument called debt consolidation plan (DCP) to help consumers rein in their bloating debt problem. Essentially, this was meant to help individual borrowers combine their high interest loans into one that could be gradually managed down over 1 to 10 years. But, it also had some restrictions that made it not …

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4 Reasons Singapore is Great for Startups

by ValuePenguin With the power of increased connectivity, startups are increasingly able to choose where they do business. With its strong economy, well-educated populace and favorable tax treatment, Singapore should be high on their lists. 1. Thriving Economy Singapore’s economy is highly developed. For example, it is one of the richest nations in Asia (GDP per capita S$52,932) and individuals have …

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