Finance

What to do if you lose your job in Singapore and have no savings

By SingSaver.com.sg Make these financial moves within a week of losing your job, so you can survive unemployment in Singapore even if you have no savings. This article was originally published on 11 May 2016 and updated on 19 September 2016. Layoffs have continued to happen to many Singaporeans during the second quarter of 2016. A recent article in The Straits Times reports …

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Why did Singaporeans lose money in the CPF Investment Scheme?

By SingSaver.com.sg If most CPF Investment Scheme (CPFIS) assets are low-risk, why did some Singaporeans make losses in the last 10 years? There have been some news reports about the CPF Investment Scheme (CPFIS) being reviewed. The reason? Many Singaporeans have tried to invest their CPF money and ended up making losses. Given that the majority of CPFIS assets are low risk, how …

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Will the debate send volatilities higher?

By Margaret Yang, CMC Markets Despite the Fed’s decision to hold interest rates in its recent September meeting, divergent opinions have emerged between the Fed’s members. Equity markets have since closed lower on Friday. US indices lost around 0.6%, ending a two-session gain. European markets have also retraced, with Financials (-1.18%) and Energy (-1.02%) been the worst performing sectors. With …

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The #Girlboss guide on how to be good with your money

By SingSaver.com.sg Singaporean women will do well to memorise these inspiring quotes about money, from the #GirlBosses who have been there, done that and figured it out. Oprah Winfrey famously said: “The greatest discovery of all time is that a person can change his future by merely changing his attitude. ”When it comes to managing your money, it’s never too early …

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For self-employed Singaporeans personal loans are tougher to get

By SingSaver.com.sg To ensure you don’t lose access to extra funds, understand how to get a personal loan before becoming self-employed in Singapore. If you are self-employed, or about to be, you should take note that personal loans in Singapore may be less accessible. The same rules that apply to employees don’t apply to entrepreneurs or freelancers. To ensure you don’t lose access …

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Five things that are much cheaper in Johor Bahru than SIngapore

By SingSaver.com.sg While almost everything is cheaper in Johor Bahru, these five things really make a trip across the Johor causeway worthwhile. Sure, most things are cheaper in Johor Bahru but… look at the line at the causeway. However they try to speed it up, you still end up feeling like you could have raised a small child by the time …

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Millenial loan sharks: Five scammy new tactics to watch out for

By SingSaver.com.sg Loan sharks in Singapore have been keeping up with the times. Watch out for these scammy tricks to avoid dealing with an unlicensed money lender. As technology advances, so do criminals. And there’s been a spate of unlicensed money lenders or loan sharks in Singapore who have kept up with the times. In fact, some of them use tactics so …

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Markets extend rally as Fed holds fire

By Margaret Yang, CMC Markets Nasdaq breaks record new high Markets rallied cheerfully last night, responding positively towards Fed’s decision to hold fire in September. Nasdaq advanced 0.84% and hit a record new high at 5,339.52 points. The average price to earnings ratio of the benchmark now stands at over 41 times, the highest valuation in six years, as investors …

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Singapore banks report Indonesians participating in tax amnesty program

According to Reuters, three private banks in Singapore are sharing with local police the names of Indonesian clients who are taking part in Indonesia’s tax amnesty program. As Kompas, an Indonesian news portal, reported on16 September, this may disrupt the Indonesian government’s tax amnesty program. Singapore’s banking sector is also worried that this move could damage their business, especially in …

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