Ang Moh talent’s investment decision causes massive write-offs in SingPost
SingPost released its full-year results ended 31 March 2017 yesterday (12 May). It was announced that its net profit had dropped a whopping 87% from the previous FY's $249 million to $33 million. This is mainly due to impairment charges (i.e, write offs) of $185.0 million coming from its US-based subsidiary TradeGlobal. Impairment...
Why You Should Not Hoard Your Credit Card Rewards
It is not a well known fact that credit card in Singapore are extremely generous compared to other international markets globally. For instance, the best cash back credit cards in the US provide 1.5%-2% reward rates, while the UK market is even worse with most credit cards being simple balance-transfer cards without much benefits...
Will there be a new flood of FTs and bloodshed of locals in finance industry?
Bloomberg published a news article yesterday (14 Feb) saying that the government will now allow foreign takeovers of Singapore’s three finance companies, as part of wider industry changes. The 3 affected finance companies are: Hong Leong Finance, Sing Investments & Finance and Singapura Finance. Foreign institutions...
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