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Archive for the ‘Business’ Category
HK trumps SG in number of Chinese investors

HK trumps SG in number of Chinese investors

(Nov 20, 2014) – They beat us by $81m. Singapore has emerged as the second most-preferred outbound destination in Asia by mainland Chinese investors, who are forced to park their money overseas due to slowing real estate market back home, according to Cushman & Wakefield and reported in the media. The property consultancy... 

The money in your bank account was stolen this morning

The money in your bank account was stolen this morning

16th November 2014 - the day money dies The headline is not a mistake. Yes, you can still go to the ATM and withdraw funds. You can take small amounts of cash out of the bank without the IRS seizing everything you own. However, because of new rules that went into effect this morning, your bank deposits have no insurance and... 

SG casinos in war of words over shrinking pool of high-rollers

SG casinos in war of words over shrinking pool of high-rollers

Sheldon Adelson has accused rival Genting Singapore's Resorts World Sentosa of relying on overly generous incentives and credit to entice big-money players. (Photo: AFP) (11 November, 2014)     Singapore’s two casinos are engaged in a bitter fight for a shrinking pool of high-rollers as the mainland’s corruption... 



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