Singaporeans mired in debt? – 65,804 loan sharking cases last 4.5 years.
More seek debt counseling I refer to the articles “More seeking help on debt problems” (Channel NewsAsia, Dec 22) and “Proposed changes to credit cards and unsecured credit rules” (Channel NewsAsia, Dec 21). The former article states that “More people are seeking help from Credit Counselling Singapore (CCS) on their...
Singaporeans least happy, least emotional, charitable in the world? Why?
I refer to the article “Singaporeans unhappiest people in the world: poll” (xinmsn News, Dec 20). It states that “So apparently we’re not just “emotionless”, we’re the world’s unhappiest lot as well. We’re not sure if that sounds contradicting to you but the latest readings from a Gallup survey – the same...
Dangerous to give investment advice
Tan Kin Lian An elderly lady, whom I shall refer to as "Nancy", made a loss of nearly $200,000 from her investments. She is not knowledgeable about investments, but was assured by the relationship manager of a local bank that he would recommend good investments to her, based on his expert knowledge. Nancy trusted the young man,...
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