Finance

Budget 2014: The ground responds

By Yasmeen Banu and Howard Lee This year Budget’s speech, made by Deputy Prime Minister and Minister of Finance, Tharman Shanmugaratnam, and broadcast live last Friday, focuses more on the elderly, education subsidies, and increase of median wages. The Pioneer Generation Package featured heavily, as much as increase in liquor, tobacco and betting excises drew laughter and applause in the …

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Why do people lose money through investing?

By Leong Sze Hian Why is it that most people lose money investing? Is it because of people’s misconceptions about risk? But before I get to answering this question, let me touch on how many people make or lose money investing. To the best of my knowledge, there are no statistics on this. No, I am not trolling you. However we used …

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Thinking about a trip to Hong Kong?

Thinking about a trip to Hong Kong? Then you have to be wary of the counterfeit notes that might be currently circulating the economy. Just recently, 2 Hong Kong banks found 5 counterfeit 1000-dollar notes (2003 edition) (SGD$164), triggering much alarm amongst the banks in Hong Kong. Banks immediately started to disallow the acceptance of the 1000-dollar notes. Some shops …

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PropertyGuru launches ebook: “2014 is the year of falling property prices”

PropertyGuru has launched its eBook, “PropertyGuru Market Outlook 2014” on 20th January 2014. Steve Melhuish, Co-Founder and Chief Executive Officer of PropertyGuru Group says,  “The PropertyGuru Market Outlook 2014 eBook launch reflects PropertyGuru’s brand promise to deliver the best information tools and resource for property buyers and investors to make the best property decisions.”. As the company views potential property buyers …

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ETFs’ counter-party and collateral risks

By Leong Sze Hian The Financial Stability Board (FSB) which was set up after the last 2008 financial crisis, and which represents central banks and regulators has said that the increased popularity of synthetic  Exchange-Traded Funds (ETF)s, as well as the more intensive recourse to securities lending by providers of physical ETFs raises new challenges in terms of counter-party and collateral risks. …

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Credit Card Choices Show More People are Making Informed Decisions

Malaysians Want Tit for Tat: Credit Card Choices Show More People are Making Informed Decisions Kuala Lumpur – More and more Malaysians are becoming financially savvy when it comes to their credit card choices, according to data from CompareHero. The financial comparison website recorded a surge in users comparing financial products and services. Among the most popular categories are credit …

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Are NTUC/PCF childcare operators really ‘non-profit’ entities?

By TR EMERITUS – Last month, NCMP Yee Jenn Jong of The Workers’ Party outlined an alternative proposal for affordable and good quality childcare by involving all existing operators in a contestable public good model for childcare. He argued that the proposal will bring down the cost of childcare for all operators (‘WP’s proposal for transforming the child care sector‘). …

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NTUC Income aims to redefine how insurance is transacted in Singapore

PRESS RELEASE. NTUC Income declares ambition to make insurance simple, honest and different for customers Insurer aims to set new industry standards and redefine how insurance is bought and sold "Every person has a right to information that can be understood after a single reading, and every institution has the responsibility to communicate clearly. NTUC Income has achieved more Crystal …

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The never ending story of low productivity?

By Leong Sze Hian – I refer to the article "Productivity rates a matter of concern" (Straits Times, Sep 13). It states that "Last year, labour productivity here grew by an average of 1 per cent over the year, but shrunk by 0.5 per cent in the last quarter. In the first three months of this year, it continued the …

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Help housewives and retirees become security guards?

By Leong Sze Hian – The Workforce Development Agency (WDA) has launched a new initiative to help security firms to recruit housewives and retirees. They will be trained to work part-time for six to eight hours of work each day, up to six days a week, and they can expect to earn between $600 and $800 a month. Pay $4 …

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