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Daily Archives: 2018-10-17

Top seven myths Singaporeans believe about critical illness insurance

by SingaporeLife Here’s a sobering fact. The Life Insurance Association of Singapore (LIA) 2017 Protection Gap Report found that Singaporeans require an average of 3.1 times of their annual income to adequately meet critical illness (CI) protection needs. This is after accounting for hospital and treatment fees covered by Medisave. Why are Singaporeans hesitant to acquire enough CI cover? Could it be because of …

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Nas Daily promotes NTUC Income in sponsored video about retirement plans

Nuseir Yassin better known as Nas of Nas Daily was recently under fire from local Singaporeans for his ultra-positive video about Singapore which he made during his short visit to the island – calling it an ‘almost perfect’ country. In response to backlash and accusations that his video was sponsored, Nas clarified that the one-minute travel log of the Lion …

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Three ways to avoid becoming a victim of a crowdfunding scam

by ValueChampion After hearing crowdfunding horror stories, such as the SME that cheated investors out of S$6.9 million, individuals may be hesitant to invest using crowdfunding platforms. What do these investors need to know in order to safely earn high returns without losing their funds to fraudsters? Earlier this year SME director Choy Peiyi was sentenced to 10 years in jail for creating …

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Death penalty to be replaced with 30 years’ imprisonment should it be abolished, says Malaysian Minister

Minister in the Malaysian Prime Minister’s Department VK Liew has announced that current impending death sentences will be converted to a minimum of 30 years’ imprisonment should the government decide to abolish the death penalty. In response to an additional question by Batu Kawan Member of Parliament (MP) P. Kasthuriaani of the Pakatan Harapan coalition during a Parliamentary session in …

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Driver arrested for attempting to smuggle a man out of Singapore illegally

A 25-year-old male Indian national was found hidden in a luggage compartment of a registered bus at the Tuas checkpoint, after an officer at the checkpoint, stopped a departing Malaysia-registered bus driven by a male Malaysian for checks at the checkpoint on 14 October 2018 at about 9.20 pm. Immigration & Checkpoints Authority (ICA) shared that the officer then spoke to the …

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Temasek pays US$250m for 3-yr-old Israeli cybersecurity firm when original investor only put in US$4.3m

Reuters reported yesterday (16 Oct) that Temasek Holdings is buying Israeli cybersecurity technology and services provider Sygnia. Financial details were not provided but a source with knowledge of the deal, who asked not to be named, told Reuters that Temasek is paying US$250 million. Sygnia, which has offices in Tel Aviv and New York, will maintain its operational independence while …

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