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Found 262 results

  1. Mica_blue

    Money Laundering Issues

    My friend just got a mysterious call from someone at the bank , saying that her bank account is being used for money laundering and she must submit her NRIC to this person . Feeling suspcious , she called back the bank. Turns out it's a hoax . Apparently she suspect it's the work of some chinese sydnicates , as the person sounds like PRC. Anyways she reported this to the police So beware
  2. Bought a 20mths old Trajet and the interior really needs to be clean up, where to get value for money Leather and Carpet cleaner that will work wonders in other words cheap ones
  3. Hi, my family have some saving with the foreign banks in sgp like Citibank, Standchart and etc. As you know, the current covid19 situation in these foreign countries are pretty serious. In facts, this pandemic is impacted the world economy and many big corporate names could be fallen. I dont know how bad could this pandemic goes around affecting the market becos I'm not an economist. But I knew that oversea banks are not bullet-proof too and they could also be collapsed which indeed it happened in other countries before. Not forgetting that the worst is yet to come. Do you think depositors like us with money in foreign banks are protected in Sgp?
  4. Dear gurus, Seeking your advice. I have been buying American equities. They have been paying dividends of about 6% yearly. I have a question. Let's say each investment unit costs $1. I invest $10000. Total 10000 units. I get 6% per unit annually. So I get $600. But the price of equity has gone down to $0.50. So I invest $10000. I get 20000 units. I get 6% per unit annually. So I get $1200. Assume dividend doesnt change. Am I correct or did I miss something? Then isnt this a good time to load up on dividend stocks? Please note i dont intend to ever off load the stocks or even re invest but just take dividends. I do top ups when I feel like it but I dont reinvest (compound interest). TIA.
  5. Come across this advertisement in my Facebook , for those who wish to earn while driving , this maybe be a great opportunity.
  6. Running Shoes - Are expensive running shoes a waste of money? 57 yr old Tarahumara runner ran the 100 km race with a pair of sandals made from old rubber tyres and came in first - so much for expensive high end running shoes :-) Date: Wednesday, September 29, 2010, 9:35 PM The painful truth about trainers: Are running shoes a waste of money? Thrust enhancers, roll bars, mic rochips ... the $20 billion running - shoe industry wants us to believe that the latest technologies will cushion every stride. Yet in this extract from his controversial new book, Christopher McDougall claims that injury rates for runners are actually on the rise, that everything we've been told about running shoes is wrong - and that it might even be better to go barefoot. By CHRISTOPHER McDOUGALL Last updated at 8:01 PM on 19th April 2009 Every year, anywhere from 65 to 80 per cent of all runners suffer an injury. No matter who you are, no matter how much you run, your odds of getting hurt are the same At Stanford University , California , two sales representatives from Nike were watching the athletics team practise. Part of their job was to gather feedback from the company's sponsored runners about which shoes they preferred. Unfortunately, it was proving difficult that day as the runners all seemed to prefer... nothing.
  7. Any other alternatives? I suppose warranty will void if go service other workshops?
  8. suppose a couple has S$150k and 4 kids below 10 now, and hoping by the time the kids reach 18, to have saved at least 120k per kid for their uni education....if the kids decide to pursue such a path... (else the couple promise themselves to blow it on a fast car then). what would be a safe option for the couple? they would NOT like to consider the following: stocks - they have a reverse midas touch property - their view is its not the right time now as its peaking all suggestions are appreciated. Thank you
  9. Came accross this article in Yahoo ........... Yahoo news: Dear CPF: Give Me Back My Money! Dear CPF, For years you’ve taken a cut from my paycheck under the promise of social “protection.” In a way, you’re like a very well-intentioned gangster, protecting my money from well… me right? I’m grateful though that you at least “allow” me to use some of my money towards buying a home, or to subsidise (partially) my hospital bills. I’m not going to ask what you do with my money while it’s in your hands (I’m sure it’s just sitting there untouched right?). But I do ask that you let me use it for pressing emergencies that directly affect me and my family’s well-being. What do I mean? Let me enlighten you. 1. For Retrenchment My financial obligations won’t stop if I get retrenched. Finding a job takes 2-3 months at best. I’m lucky I have enough savings to last me 3 months, but what if it takes longer? What if I had no savings to begin with? Any unsecured debt I have (credit cards, car loan, personal loans, etc.) still needs to be paid – otherwise I risk damaging my credit with late payments or even default. The banks don’t care that I lost my job. They’re about as sympathetic as a cat watching a rodent struggle in a mousetrap. But if I could use my “account” to service my unsecured debt if I get retrenched, even if it’s just to make my minimum payments, that would give me the financial flexibility to weather the situation. Plus, it would discourage those without savings from worsening their financial situation by going to Ah Longs for money. 2. For Education Ultimately, the government wants me to be successful. The more successful I am, the more taxes I can contribute to our nation’s economy. So why can’t I use some of the money from my account towards education, whether I want to pursue an MDA-approved training course or a degree? You don’t need me to tell you that education improves my earning potential, which is a win-win for everyone. I improve my standard of living while the government takes a greater amount of tax revenue. Plus, if I’m working in a sunset industry that has a bleak outlook, I can get the training I need to transition to a more promising profession. But not everyone has the money on hand to pay for education… oh yeah, they do – you’re holding it CPF! So ease up a little on the funds distribution and let us chant Jerry Maguire’s “help me, help you” line together yeah? 3. For Growing Transportation Costs Paying for transportation in Singapore is like choosing how you want to be tortured. The choices differ, but the result is the same – you’re still paying hundreds or thousands of dollars a month just to commute daily! It doesn’t matter whether you own a car or use public transportation, the cost to travel to and from work, pick up the wife and kids, or take the family out to Sentosa is always increasing. All you have to do is see how much COE, ERP, taxi, and public transportation rates have increased over the last few years. Of course, I don’t own 3 cars, nor do I live in Sentosa Cove – and neither do a majority of citizens who suffer every time transportation costs rise. But it would help if I could use some of my funds as a monthly “transportation allowance” to offset the financial pain felt by price hikes. In Conclusion… Now, before you crumple up this letter (if you haven’t already), I have one more thing to say… Tax payers won’t need to support me with these situations. That’s because this money is already mine to begin with (or so you tell me). All I’m asking is that you make it easier for me to access my funds so I can patch up my social safety net. If you need to validate my situation before dispersing my funds to prevent “fraud,” I’m fine with that. I’d rather deal with the inconvenience of a sloth-like bureaucracy than have to worry about how I’m going to come up with cash in an emergency. Again, I’m grateful for the monthly shakedown that’s necessary for my retirement. But you’ve got to be a little more flexible when it comes to financial emergencies that cannot wait. Yours sincerely, A Messenger of Singaporean Frustrations P.S. Umm…. yeah, if you could let me use my funds to cover the hospital bill for childbirth (c’mon, we’re doing you a favor by creating more taxpayers) and for elderly friendly renovations to take care of my ageing grandparents without sending them to a home, that would be great. link: http://sg.finance.yahoo.com/news/dear-cpf-back-money-160000444.html Look like the person who wrote this has not reach the retirement age or 55yrs to withdraw his CPF. Thats why very important to save for raining days....
  10. Green_carnation

    Money Changer

    Yesterday i checked exchange rate for Aussie dollars was 1.266.. I needed to change AUD600 to pay some upfront the apartment i will be stayin when in perth. So i went to this money changer at bedok central near the interchange.. the blardy indian man told me 1.31! i said but i juz bought a bankdraft a day before from posb at the rate of 1.2758 and was at 1.266 dat morning! The all the stupid reasons he mentioned about buy n sell different la dis la dat la.. i got no time to go to other money changers to check around for better rates.. so i juz changed there.. after dat i calculated the difference.. aud600 i used sgd786 to buy at the rate 1.31, when it shud hv been 762 at 1.27.. so i paid extra sgd24! Two things i need to know.. 1) are money changers rates always exchange at different rates from banks? 2) bros here have any 'more honest' money changers to recommend?
  11. https://www.channelnewsasia.com/news/singapore/dog-owner-fined-for-causing-pet-unnecessary-pain-throws-11143444 If I no money to see doctor, who can I charge?
  12. From Facebook https://www.msn.com/en-sg/news/singapore/friends-like-these-man-at-a-loss-after-pal-refuses-to-pay-sdollar176k-damages-following-car-accident/ar-AAHA7P6?ocid=spartandhp&fbclid=IwAR0bJtAeizlUU4T47eypa1jM89VAXbI3Pm0euCnf5emaTlEpOThVByZcXZ0 Hi all, this is going to be a long read but please take the time to read thru. So the story is that on the 25th June my dear friend Szeto St wants to borrow my car from me to use it on the 27th. As I was overseas at the point of time I agreed to lend it to him, it was not the first time I have lend it to him so I entrusted him with my car. On the 28th morning 8am he gave me a missed call, so when I call him back he told me that he got into an accident with my car then he said that the one driving was his friend. I entrusted my car to him and yet he asked his friend (Dominic) whom I don't even know who he is to drive my car back on that day, I was still very nice at that point of time I said wait till I reach sg then we settle. So I came back on the 29th I meet them on the 30th, they didn't have a solution for me. So we briefly spoke how we should settle it as the car was total loss, so dom suggest to give him more time. And so on the 2th July, we both agreed that he will pay me $17600 as my losses under the condition that I scrap my car. And he requested to give him a month for him to find the money, so me being nice I agreed to it. Once we sign the agreement I proceed to tow my car to the scrap yard and handle all the paperworks and send him documents from lta that I have scraped my car once I received it which was on the 8th July. And so I continue to wait for the 2nd aug to come, on the 30th July I texted Dom to ask on the 2nd aug what time should I meet him and he asked me to wait. So I texted szeto about this he told me not to worry why I scared, and I obliged and waited. So on the 2nd aug the worst nightmare happens, I texted him in the afternoon and Dom said he will let me know by 7pm. 7pm I called him and he simply told me this "我没有钱,你要我怎样。你去small claim 我咯" one simple reply and he expect to get away with the shit he create? Long story short, two days later he say he will only pay me 11k but thru installment of $500 every month. Which I believe nobody will accept. So now I'm stuck, both szeto and dom is not going to pay me any money. I believe that at the end of the day, the responsibility's szeto. Out of goodwill I lent him my car and he choose to ask his friend to drive. 好心被雷劈 Please help me to share this post and make the two of them famous, much appreciated.
  13. https://m.facebook.com/watch/?v=351168979094837&_rdr He called the police so no reason to post this on FB. Poor girl. I would have paid for her and gave her my contact to return the money. Many uncles here would do the same hor.......
  14. Just realised that it's really worth getting or converting to OPC. 1) Reduced initial investment 2) Lowered Taxes 3) Cheaper Insurance 4) Deferred Day Licensing - upto 23.59 next day to purchase license via various media 5) Even if you forget its ok you have 5 working days to do "self-declaration" Of which all could be redundant since there isn't any concrete control in place to truly catch you using without paying the license...u dun say...people dun tell on you....practically won't ever get caught... "Everyone does it...." Seen so many OPC in use everyday outside the licensing hours...dun think these people pay license everyday else would cost more than regular cars what's the point. So...until a concrete control mechanism in place...we should take the opportunity...!
  15. It's always been a passion for me to generate income online. so far I can only hit 10k on a good month but otherwise borders 3k. Hope to hear your success stories and best practices and tips for all. start the ball rolling!
  16. What would you do if money started falling from the sky? People walking along Fuk Wa Street in Sham Shui Po, Hong Kong, witnessed the baffling sight of banknotes floating down from above on Saturday afternoon (Dec 15). Videos posted online suggest that the notes were thrown from the roof of a building, fluttering through the air before landing on the busy street below. Passers-by can be seen eagerly grabbing the notes, with some climbing on to the roof of the subway exit to pick up the banknotes. Photos on social media show that the notes were of the HK$100 (SG$17.60) denomination. One Facebook user appeared to have picked up at least six notes. Police were called to the scene after receiving reports of someone distributing money at Fuk Wa Street, and told people not to pick up the money, said South China Morning Post (SCMP). Officers collected around HK$5,000, according to the report. A live video on the Facebook page of Epoch Cryptocurrency that began at 2.42pm showed a man dressed in a black hoodie saying in Cantonese: "I hope everyone here will pay attention to this important event… (I) don't know whether any of you will believe money can fall from the sky." The man is believed to be the owner of Epoch Cryptocurrency, a Facebook page that promotes cryptocurrency. The man is widely known online as "Coin Young Master" and his real name is Wong Ching-kit, reported SCMP. Bowen Press said that the 24-year-old man refuted claims that he was behind the incident when interviewed at his home. However, Agence France-Presse (AFP) later reported that he was arrested on Sunday for causing disorder in a public place, after he drove back to the neighbourhood in his Lamborghini. Wong had said in a Facebook post that he wanted to “help the poor by robbing the rich”.
  17. Forklift operators in S’pore charged for bribery!!! On Dec. 11, two forklift operators in Singapore were charged for allegedly receiving small value bribes from truck drivers. The forklift operators, Chen Ziliang and Zhao Yucun, are Chinese nationals employed by Cogent Container Depot Pte Ltd. According to a press release by the Corrupt Practices Investigations Bureau (CPIB), both of them allegedly obtained bribes in exchange for not delaying the collection of containers. Chen was charged for attempting to obtain a S$1 bribe from a truck driver on Oct. 20, 2017, as well as receiving bribes from other truck drivers between May 2016 and March 2018. Chen’s counterpart, Zhao, was charged for obtaining similar bribes from truck drivers between September 2014 and March 2018. A Straits Times report mentioned that both Chinese nationals were each offered bail of S$5,000 and will be back in court on Jan. 9 next year. “Zero-tolerance approach” to corruptionThe total amount received from bribes was not stated by CPIB. However, CPIB emphasised that Singapore adopts a “zero-tolerance approach” towards corruption, and “bribes of any amount or kind will not be tolerated”: “Employees are expected to carry out their duties fairly instead of obtaining bribes in exchange for favours. Even if the bribe amount is as low as $1, they can be taken to task. Bribes of any amount or any kind will not be tolerated.” Under the Prevention of Corruption Act, any person who is convicted of a corruption offence can be fined up to S$100,000 or sentenced to imprisonment of up to five years or to both.
  18. hi all, just thought that i should share my sister's experience with her helper that borrow from 2 loan sharks and 3 or 4 ( not sure )credit company, total amount about 9k initially, didnt want to bring it up but found out that the former helper is trying again to come back singapore and presumably, repeat the same trick of applying lots of illegal and legal loans then escaping back to Philippines below are her details, her name Maribel Cabigas Turalba attachment=272632:Screenshot_20181127-001422_Samsung Internet.jpg] hopefully, might save future employers from further troubles and this thread might be a good reference point for prospective employers
  19. Adrianli

    What to do with inheritance?

    Over the weekend, my cousin called my brother to inform him that they will be selling off my grand parents estate and my late mum will receive a portion of it. We are to go and apply for Letter of Administration from the courts to be able to receive the inheritance. Not sure the details yet, dont know how much will be receiving as there are eight sibling. But thinking of it, brings a smile to my face. Hope that it will be a substantial amount. I also hope not to spend all of it away. Hope to keep it for retirement. Anyone been through this?
  20. A new Bond is being issued in Singapore. Let's not start with the James Bond jokes. https://secure.fundsupermart.com/main/bond/bond-info/factsheet.svdo;FSMAPPID=wqTF3FdKG6YkmxI0t8GWCCSl2k25du3El4lWB39_yrmJoeyM9Py7!1867248078?DCSext.dept=21&WT.mc_id=58861&issueCode=JK5852351 I like the rate but as I don't undestand bonds I won't be investing. As I understand it although the coupon rate is 5.3% annually the price of the bond can go down as well. So at the end of the investment period money can be lost. Is that correct? Or can anyone provide a simple short version of how a bond works.
  21. I read our minister say how much money our saf save.... but my experience with my reservist unit feels the exact opposite. It feels like they have to spend their Budget else it will be cut next year kind of feeling. I am curios is it like a widespread kind of thing or it’s just my unit? My unit is not conbat fit so maybe it is different from mainstream saf.
  22. With an aging population, me included. I am not sure what most retirees do and how they 'kill' their time here in Singapore. Post-retirement periods can stretch to 20 years or more and the last lap which can be more than 10 years of your life can be very challenging. This scene was once common in CC but today, you would have problem even to find them in kopi shops or even HDB void decks. How about another 5-10 years? Surely we cannot do this in MBS. Any old folks club beside old folks home
  23. Pet owners appear to be spending more on furry companions, going by the business at the shops and farms. Shop owners said customers are willing to pay more for the premium breeds, compared to five years ago. They are also prepared to spend more on grooming and veterinary fees. The Holland Lops, Miniature Lion Lops and Netherland Dwarf rabbits do not come cheap. Pet shop owners said some of the more exotic breeds cost between S$800 and S$1,000. One of the rabbits is touted as a champion at a rabbit show in the US, and comes with a price tag of S$8,000. According to pet shop owners, interest in these American-imported rabbit breeds began two years ago. Pet owners are also splurging on pet care, with some prepared to pay up to S$10,000 for surgery. Eric Lim, director of Ericsson Pet Farm, said: "Spending on animals has increased a lot. Like for example, in those days, they're willing to spend S$1,000 to S$2,000 on a dog. But today, people can spend up to S$10,000 on the dogs." Dr Jason Teo E-Shen, a veterinary surgeon, said: "They treat their pets as part of their family and are willing to go all the way. I think the newer generation is more educated. They do know a lot more about animals and they are willing to come down to consult a doctor when there is a problem." Source: http://www.channelnewsasia.com/stories/sin...1205341/1/.html
  24. I chanced upon this site and they have some TECH stuff that can save some money. Sharing w the guys here or even ladies also. cheers! https://www.techconnect.com/article/3144990/hardware/cyber-monday-deals-tech-bargains-that-truly-save-serious-money.html?idg_eid=b74b6b2f5e851201e29510e8b251bede&email_SHA1_lc=&cid=tcon_nlt_techconnect_daily_2017-12-05
  25. https://sg.finance.yahoo.com/news/much-earn-above-singapore-average-000031337.html How much do you need to earn to be above Singapore’s “average”? Forbes has named Singapore as the third richest country in the world. This wealth is measured using the Gross Domestic Product (GDP) per capita. Simplistically, it adds up everyone’s income for the year – to obtain GDP – before dividing it by the country’s population. So how much should the “average” Singaporean be making based on this calculation? Read More: Singapore, world’s richest. At what cost? The golden number is $5,943! At end-2014, Singapore’s GDP was recorded at SGD390.1 billion with population size of 5.47 million (Singapore residents + foreign talents). Table 1: National Accounts and Population in Singapore FY2011 FY2012 FY2013 FY2014 GDP(SGD mils) SGD 346,354 SGD 362,333 SGD 378,200 SGD 390,089 Population (mils) 5.18 5.31 5.40 5.47 GDP per Person SGD 66,816 SGD 68,205 SGD 70,048 SGD 71,318 Income per month SGD 5,568 SGD 5,684 SGD 5,837 SGD 5,943 Source: Singapore Department of Statistics Since simplistic GDP means adding up everyone’s income for the year, we will also assume that CPF contributions are included into this number. Add your gross salary (take home salary + CPF contribution) to your employer’s CPF contribution. If this number is not greater than SGD5,943, you are below the average amongst our population. Is $5,943 the correct number as the average wage? As mentioned, GDP per capita is a simple method to define how rich a country is by understanding how much everyone in the population earns per annum. However, using the entire population is not a good gauge, as children, students and retirees are not working, and hence should be excluded from the calculation. Table 2: National Accounts and Labour Force in Singapore FY2011 FY2012 FY2013 FY2014 GDP (SGD mils) SGD 346,354 SGD 362,333 SGD 378,200 SGD 390,089 Labour Force (mils) 3.24 3.36 3.44 3.53 GDP per Worker SGD 106,995 SGD 107,779 SGD 109,824 SGD 110,482 Income per month SGD 8,916 SGD 8,982 SGD 9,152 SGD 9,207 Note: The labour force comprises of people who are working or seeking work Source: Comprehensive Labour Force Survey, Ministry of Manpower Using labour force instead of total population will be more accurate since we are basing our calculation only on those who are working. In this case, average wages inclusive of CPF contribution would be SGD9,207 per month per person. So what are your numbers telling me? If you are like us, then this number may appear exceedingly high to you, perhaps even unattainable. Do not worry, you’re not alone. The median salary in Singapore is SGD3,770. That means the majority of us are not earning the average. This is normal, as wages are usually skewed towards the higher income earners and thus medium hardly ever equates to mean. What you should make out of this number is that you have the potential to increase your wages. Unlike poorer countries, where your future growth in earnings would be easily capped by the low potential in the country, we do not lack this in Singapore. There is money to be made, somewhere and somehow, in Singapore. You just need to figure our where and how. If you require upgrading and improvements, do check out skillsfuture to see how can our government help you achieve better productivity and higher wage growth.
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