Finance

Hyflux in talks with latest potential white knight investor Oyster Bay Fund

Debt-laden water treatment firm Hyflux has received a non-binding letter of intent from Oyster Bay Fund in a race to secure a new white knight investor before the end of its extended debt moratorium at the end of this month after its termination of a S$380mil bailout deal with Indonesian conglomerate Salim-Medco Group – via its Singapore arm SM Investments …

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70 per cent of elderly Singaporeans still unable to meet monthly household expenses: Joint survey between Duke-NUS and MOH

A stark majority of elderly Singaporeans aged 60 and older are still unable to meet their monthly expenses, according to findings from a survey of over 4,500 Singaporeans and permanent residents carried out by the Duke-NUS Medical School’s Centre for Ageing Research and Education and the Ministry of Health. The Straits Times reported that only around 30 per cent of …

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Buying or leasing a car: Which one is cheaper?

by ValueChampion Should you buy a car or lease it? We figure out which method can save you the most money. While the status quo of transportation in Singapore is public transport, cars still make up a considerable portion of travel. But cars are no affordable alternative to public transportation as purchasing a car often requires a six-figure commitment. Thus, many people …

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No data breach despite unauthorised transactions on Fevo cards: EZ-Link

Following its detection of unauthorised overseas transactions made via the Fevo Mastercard prepaid cards, electronic payment system provider EZ-Link has clarified on Fri (3 May) that no data was compromised in the process. EZ-Link, a subsidiary of the Land Transport Authority (LTA) and Mastercard Worldwide, added that the CEPAS cards were not affected. Responding to queries from The Straits Times, …

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Would commuting from Malaysia save you money?

by ValueChampion Have you ever thought about commuting to your job in Singapore from Malaysia to save money? We calculated the costs and benefits to see if it’s worth considering. For those of us that are always trying to save money, moving to a new neighborhood in hopes of lower housing costs is a common idea. But what about a different …

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High Court to extend Hyflux’s debt moratorium until end of May; Maybank issues letter of demand over $509mil payments

The Singapore High Court has extended beleaguered water treatment firm and genco Hyflux’s debt moratorium until the end of next month on 24 May as the company seeks to secure a new white knight investor in a race against the prospect of liquidation. The extension was granted upon Hyflux merely days before the original expiry date of Hyflux’s court protection …

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Singaporeans are able to afford property despite finding prices high, says PropertyGuru survey

Based on a survey conducted by PropertyGuru Group, it was revealed that Singaporeans are now being more positive about the property market due to the increased in affordability, ease of getting financing, good long-term prospects and government policies. The results, which came out in the leading property technology company’s bi-annual Consumer Sentiment Survey, was conducted on 643 people in Singapore …

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Four seemingly harmless things that can flag you for insurance fraud

by ValueChampion When it comes to insurance, we all want to receive fair compensation. However, there are times when trying to get the most amount of money out of your insurance policy may actually mean you may be committing insurance fraud. Here are the things you should avoid doing to stay on your insurer’s good side. Insurance is supposed to protect …

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