People often mistaken that saving and investments are the most important things in their life and they spend a lot of time and effort in looking at these areas. However what they never realised was that no matter how much they can accumulate their wealth but once something bad happened to them, all their money [...]
Recently, I read the news about Ms. Zhang Xiaoou, 24, an NUS undergraduate majoring in Quantitative Finance. She arrived in Singapore in 2003 from China on a PRC scholarship. A bright, cheerful, and strong lady, she set out full of aspirations. She worked her way to the Dean’s list for a first-class honors programme; only [...]
My husband was stricken with acute abdominal pain on Jan 19. As it was early, the neighbourhood clinics were closed and we went to Mount Alvernia Hospital’s 24-hour clinic for his treatment. The staff acted quickly and tests revealed that he was suffering from a stone in his ureter. The next step was for the [...]
12 January 2009 K C Vijayan The Straits Times Son injured during NS The parents of a former full-time national serviceman, who has remained in a coma for over three years after an incident in camp, is taking the Ministry of Defence to court over compensation issues. They claim that then-corporal Jeremy Tan, now [...]
MAS takes action after finding breaches of the law Three insurance brokers – Acclaim Insurance Brokers, Leadenhall Insurance Brokers and Magnetron Insurance & Financial Services – have been told by the central bank to stop offering advisory services by today. And come Jan 22 next year, they will also lose their exemption from [...]
Source: 20 Dec 2008 Christopher Tan The Business Times Banks are a fiduciary and should place customers’ interests ahead of shareholders’. Banks are for transaction, not advice Once upon a time, on a sunny island in South-east Asia, lived more than four million people. The government took care of the people and the [...]
Source: Business Times, 18 Dec 2008 More than 90% of complainants have been interviewed, says MAS Most investors who claim to have been mis-sold structured notes linked to bankrupt Lehman Brothers will be told the outcome of their complaint from mid-January, the Monetary Authority of Singapore (MAS) said yesterday.
16 December 2008 R Sivanithy The Business Times You’d have to wonder – has Wall Street fully digested the enormity of Bernard Madoff’s alleged US$50 billion hedge fund fraud? In days to come, the term ‘Ponzi scheme’ is surely destined to become a familiar one among stock market circles, as will the name [...]
Loading ...