Tag Archives: THARMAN

Pioneer generation gift I want…

OK, Government, give those who don’t want this option their medical benefits till death. But give others who may have enough rainy day medical savings the option to buy HDB — which we enjoyed till a couple of years ago. Go on, Tharman, show that you are a true maverick who can really think out of the box in Budget 2014

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COMGATEWAY AND BANKS ARE HIDING INFORMATION FROM CONSUMERS

So after the reading the letter from comgateway shared on Hardwarezone, I am pretty sure something must be wrong at comgateway and it is the point of compromise of the large numbers of credit card fraud. The scary thing is for people like my wife, whose cards were not scammed yet, but her credit card and personal info could already be in the hands of crooks. Shouldn't somebody, be it the banks, or the company, or the authorities come out to inform the public of where is the point of compromise, is it comgateway?

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SINGAPORE BUDGET 2014 WISHLIST FOR PARENTS

The Parenthood Priority Scheme (PPS) unveiled in 2013 was supposed to provide priority allocation to first-timer married couples with a citizen child below the age of 16 (including those expecting a child) for Build-To-Order (BTO) and Sale of Balance Flats (SBF) flats to better meet their housing needs. Under the PPS, 30% of the BTO flat supply and 50% of the SBF flats will be set aside.

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Jake van der Kamp: Singaporeans not as wealthy as GDP figures suggest

We shall start by conceding the headline figures. Yes, as of the latest statistical releases, GDP at prevailing rates of exchange runs at an annual rate of about US$52,000 per person of the total population in Singapore and US$37,000 in Hong Kong, which puts Singapore about 40 per cent ahead, not just 25 per cent. The point about GDP, however, is that it is meant to be a measure of wealth.

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HSBC faces £70 Billion capital hole, warn Hong Kong analysts

HSBC could have overstated its assets by more than £50bn and ultimately need a capital injection of close to £70bn before the end of this decade, according to an incendiary report published by a Hong Kong-based research firm . Forensic Asia on Tuesday began its coverage of Britain’s largest banking group with a ‘sell’ recommendation, warning the lender had between $63.6bn (£38.7bn) and $92.3bn of “questionable assets” on its balance sheet

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HSBC Bank on Verge of Collapse: Second Major Banking Crash Imminent

Concerns about an imminent bank crash were further fuelled today at news that HSBC are restricting the amount of cash that customers can withdraw from their own bank accounts. Customers were told that without proof of the intended use of their own money, HSBC would refuse to release it. This, and other worrying signs point to a possible financial crash in the near future.

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NEGATIVE OUTLOOK FOR SINGAPORE BANKS: MOODY’S

MOODY'S Investors Service said on Wednesday that it had a negative outlook for banks in Singapore, on the back of rapid loan growth and the surge in home prices. Moody's said credit quality in Asia had "generally peaked". It put out a negative outlook for banks in India and Vietnam as well.

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Singapore Set for Icelandic-Style Property Bubble Meltdown; Hype or Reality?

When I arrived in Singapore in 2009 and secured a realtor to help me find an apartment, he told me that Asians were coming from all over the continent with large wads of cash in hand, begging him to find some property. Anything. Anywhere. All they wanted was some property in Singapore to invest in. Eventually I found an apartment, 1,800 sq ft, with a $4.8 million appraised value! (It's probably really worth about $750,000 max). I had to pay $9,800 per month in rent!

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