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Singapore Money Matters
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Ivan's Blog of Singapore Money Matters
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AIA Platinum Legacy Series
In keynote address at Life Insurance Association 50th Anniversary Gala Dinner, Ravi Menon, Managing Director of MAS said: Saving for the future, investing for returns, and protecting against risk ? these are the fundamentals of managing our finances. Yet so few of us do it well. We are far better at earning an income than [...]
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One Night Stand Investment
I stumbled upon this interesting term “One Night Stand Investment” from Investopedia.com today, it means “Buying a security with the intention of holding it for the long term, but subsequently panicking and selling it the following day.” Investopedia further explains that “An investor sells out the following day typically because of bad news or a [...]
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How are assets distributed if a person dies without a will
When a person (non-Muslim) dies without leaving a will, he is said to have died intestate. Sometimes, even if a person has a will, the will may not be properly drafted and certain assets are left out of the will. These assets will fall into intestacy. In Singapore, The Intestate Succession Act (Cap. 146) applies [...]
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What is SIBOR
SIBOR stands for Singapore Interbank Offered Rate and is a daily reference rate based on the interest rates at which banks offer to lend unsecured funds to other banks in the Singapore wholesale money market (or interbank market). It is similar to the widely used LIBOR (London Interbank Offered Rate), and Euribor (Euro Interbank Offered Rate). Using SIBOR is more common in [...]
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HDB Standard Option to Purchase (OTP) Available for Download at HDB InfoWEB
To provide more convenience to buyers and sellers of HDB resale flats, the HDB standard Option to Purchase (OTP) form, the only form of contract in HDB resale transactions, is now available in the HDB InfoWEB for download. Buyers and sellers or their salespersons no longer need to obtain the pre-printed hardcopy OTP form from [...]
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How to use Medisave for maternity expenses
Can I withdraw Medisave to pay maternity expenses? The Medisave Maternity Package enables you to use your Medisave for the delivery and pre-delivery medical expenses of your first four living children. For the fifth and subsequent child, you and your spouse will need to have a combined Medisave balance of at least $15,000 at the [...]
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HDB issues Fixed Rate Notes
In a recent Straits Times article ”Huge demand for corporate bonds this year“, the author highlighted “Corporate bonds may be rather unexciting to some, but they are selling like hot cakes so far this year – and this month is shaping up as the busiest yet.” On 25 Apr 2012 Press Release, the Housing and Development [...]
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Should you bite the bullet when COE is at $91,000
The COE Results for APRIL 2012 Category B (Car above 1600cc) is $91,000! Many people seem to be willing to pay a higher premium in anticipation of possible quota cut. However, do you have to bite the bullet even if you really need to buy a car? First of all, you must understand what is [...]
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The world is sitting on ageing ?time bomb?
One of the news headlines today is The International Monetary Fund (IMF) warns that the World is sitting on ageing ‘time bomb’. The good news, given from the article, is that “we will live longer than we expect”. Ironically, the bad news associated with this is that “we won’t be able to afford it”. Today, [...]
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Genting Perpetual Securities Subscription Result
Perpetual Securities have become the hottest cake in town now. Genting Singapore last month raised S$1.8 billion from a perpetual securities issue–the largest ever single tranche Singapore-dollar bond deal. This month, its retail offering of up to $500 million in perpetual securities has been subscribed fully. As at the close of offer on Monday, valid [...]
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