Is SG haunted by the ghost of retail therapy past?
(12 Nov) – Singapore’s economy has managed fairly slow-and-steady growth despite a mediocre global outlook, but high household debt may come back to haunt the city-state. “Singapore is experiencing extraordinary low interest rates; the danger is that these are inducing unwise spending or investment decisions....
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
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...
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