Tag Archives: Banking

OCBC RM SOLD US RISKY INVESTMENT PRODUCT, RUINED OUR RETIREMENT

Everything went well for the first 3 months until just before the maturity date, when she informed us that our investment had incurred a loss and advised us to hold it until it recovers. We had no access to any stock exchange or share price information, until the 7th month when we received a wealth report from the bank indicating, to our horror, that our investment value had dropped by more than half, and is now worth almost nothing.

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IS IT TRUE THAT WORKING AS AN ENGINEER GOT NO FUTURE IN SINGAPORE?

I can't speak for 18, 19 years old young people today, but let me offer my perspective as someone who studied engineering in Singapore. I studied Electrical Engineering in National University of Singapore and graduated in 2007. Most of the people I know from my engineering course are either not working in engineering/technology field (many have moved to banking/finance/real estate) or have moved to project/product management. Very few people are still doing coding/engineering work.

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PINOY: S’PORE BANKS & SERVICES SHOULD CREATE FOREIGNER-ONLY QUEUES

A foreigner has written in to complain about the lack of a foreigners-only queue at a local Singapore bank. The foreigner had tried to remit money to his family in Manila but ended up being unable to do so because of the long queue. He demands that the Singapore government open a separate queuing system for foreigners at major banks and other companies so as to cater to the large foreign population in Singapore. According to the reader, Singapore must allow foreigners in for its survival and so these foreigners should be treated better.

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UNETHICAL AGENCY LEADER CONNED ME & DESTROYED MY CAREER

After a contract ended, a personal decision to move and a layoff during the subprime decided to join the insurance industry, where I had a successful 4 years. A agency leader from a insurance company made me promises to support my idea for setting up a mortgage company did not deliver on it despite me telling him prior too meeting him for the first time by text that do not attempt to con me into being just an agent. I will quit, which I did as I found out his intentions.

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INVESTORS: SMRT, SBS TRANSIT IS ALREADY OPERATING BEYOND ITS CAPACITY

A foreign operator beating out SMRT and SBS Transit, along with a host of other hopefuls, to nab the first package of bus routes put up for tender might have left the two incumbent public transport operators disappointed, and led to some transport analysts describing it as a “wake-up call” for SMRT and SBS Transit. But as far as investors and market watchers are concerned, the failure to land the contract was a boost to the two public-listed companies: On Monday (May 11), the first trading day following the announcement last Friday after market hours that United Kingdom-based Tower Transit won the contract, the share prices of both SMRT and SBS Transit went up.

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