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The Online Citizen

Making connections: SME interview series with Minterest

by ValueChampion Minterest has ambitious goals as a young startup. The business hopes to connect underserved businesses with a variety of loan products in order to boost Singapore's economy. So far, the company is off to a good start, raising more than S$30 million in crowdfunded business loans for local SMEs. Founded in 2016 by three experienced finance professionals, Minterest seeks to empower …

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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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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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NEA should look into why dishwashing charges for hawkers cost so much

by Lim Jialiang On Dishwashing – One of the most perplexing costs that I have seen in the new social enterprise hawker centres is their monthly costs for dishwashing. They range around $800-$1100 a month, and that's before GST. Think of how much revenue a store has to generate before that kind of cost made sense. In older NEA hawker …

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How to get enough experience to trade the market

As you are preparing to enter the forex market, the first thing you need to know is that the less prior knowledge you have, the more likely you will be to lose money due to poor trading decisions and rookie mistakes. However, that is just par for the course – everybody has to start somewhere. Forex trading can be a …

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How rich do you have to be to own landed property in Singapore?

by ValueChampion While landed properties are some of the most coveted property types in Singapore, their high cost makes them more of a dream than a reality for most Singaporeans. How much do you really need to earn to afford these homes? Read on to find out. One of the most coveted types of real estate property in Singapore is the …

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What do rising interest rates in the U.S. mean for Singaporeans?

by ValueChampion As interest rates continue to rise in the United States, we analyse what this will mean for consumers and small businesses in Singapore. If you are familiar with trends in international banking and finance, you already know that changes in Singapore's interest rates (SIBOR and SOR) are typically correlated to those of interest rates in the United States. Given …

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MADPET welcomes Malaysian Cabinet decision to abolish the death penalty

Statement by MADPET (Malaysians Against Death Penalty and Torture) to welcome the announcement that the Malaysian Cabinet has finally decided to abolish the death penalty, and that the needed Bill will be tabled at the next Parliamentary session, now scheduled to begin on 15/10/2018. In the evening of 10 October 2018, the 16th World Day Against the Death Penalty, it …

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How safe have Singapore’s roads gotten in the past 10 years?

by ValueChampion Road accidents in Singapore have decreased, but are Singaporeans really safer on the roads than they were 10 years ago? With an increase in vehicles in a country that has limited space, you would think accidents would increase as well due to the increased congestion. Surprisingly, the numbers paint a different picture, with car accidents and deaths in Singapore …

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