Finance

Tuition centers vs private tutors: which is more cost-effective?

By SingSaver.com.sg There’s a S$15 difference between the hourly rates of tuition centres versus private tutors in Singapore. Tuition in Singapore is a billion-dollar industry, with parents spending up to thousands of dollars at tuition centres or private tutors each month. These after-school sessions are designed to help Singaporean students boost their grades, so they can keep up with their peers …

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China trade balance disappoints, Singapore GDP misses target

By Margaret Yang Yan Asian shares slump as China exports fell to seven-month low China’s exports unexpectedly fell to seven-month low, on the back of softer overseas demand and slowing internal growth. The September export reading dropped 10% in USD terms as compared to a year ago. Imports have declined 1.9% in USD terms. Trade surplus reads $42 billion, which …

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The best credit cards for six different types of Singaporean women

By SingSaver.com.sg Whether you’re a Luxe Shopper, Mum-ager, or Culture Vulture, the best women’s credit cards in Singapore can help you save serious money. When it comes to credit cards, Singaporean women are spoilt for choice. Whether your interests lie in designer fashion or theatre shows, there is a credit card that rewards you for it – which makes it all …

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Which air miles credit card are you?

By SingSaver.com.sg We take a look at the best air miles credit cards for three types of Singaporeans: credit card newbies, world travelers, and high flyers. Which are you, and what’s your air miles credit card?Credit card terms and conditions are valid as of 5 October 2016. With all the air miles credit cards in Singapore, you’re basically spoilt for choice. But …

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Fed Minutes point to rate hike “relatively soon”

By Margaret Yang Yan Dollar Index rallies to 7-month high after Fed minute release Minutes from the Fed’s September FOMC meeting showed support for a rate hike relatively soon but implied a go-slow approach. But clearly the pace of rate hike has already been unexpectedly “slow”. Nothing happened in the first three quarters of 2016, as compared to the market’s …

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The true cost of running a hawker stall in Singapore

By SingSaver.com.sg The young Singaporeans cooking up char siew at Roast Paradise reveal the financial and opportunity cost of running a hawker stall in Singapore. This article was first published at Dollars and Sense. Nestled right smack at the famous Old Airport Road hawker center, young Singaporeans Randall and Kai are not whom you would expect to see as hawkers serving up delicious …

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Stocks fall on dismal earnings, oil retraced as dollar advances

By Margaret Yang Yan US stocks fall to two-week low as corporate earnings disappoint US S&P 500 index closed 1.2% lower, recording the biggest drop in a month. Technically, it has broken  the bottom of the narrow range between 2,150-2,170 points and the next support level could be found at 2,120 area. Disappointing earnings released by Fastenal Co and Alcoa …

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Movie ticket promotions you can enjoy with your credit card

By SingSaver.com.sg With the right credit card, Singaporeans get access to movie ticket promotions at Golden Village, Shaw Theatres, and Cathay Cineplexes. The best things in life are free, but getting discounts for indulging in your favourite hobbies isn’t too bad either. The next time you go to the movies, remember to bring your credit card. These credit card movie ticket …

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Oil jumps as Russia and Saudi Arabia reach consensus on production curb

By Margaret Yang Yan Energy stocks rally as oil prices jumped to one-year high Crude oil prices rose to its one-year high after Russian President Putin and Saudi Arabia’s energy minster reached consensus on production freeze to support the oil price in an energy conference held in Istanbul. OPEC members have just reached an agreement on curbing output in their earlier …

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Merchant bank status of Falcon Private Bank withdrawn for serious failures in anti-money laundering controls

The Monetary Authority of Singapore (MAS) announced today that it is withdrawing the merchant bank status of Falcon Private Bank Ltd, Singapore Branch (Falcon Bank) for serious failures in anti-money laundering (AML) controls and improper conduct by senior management at the Head Office in Switzerland as well as the Singapore Branch. This is the second Swiss bank that MAS has …

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