Sean Tan Financial Planning

Integrated Shield Plans will no longer offer 'as charged' cancer coverage from April 1 Integrated Shield Plans will pay up to 5 times Medishield Life coverage. Read more at straitstimes.com.

https://www.straitstimes.com/singapore/politics/services-2030-strategy-to-create-100000-jobs-in-singapore-s-modern-services-cluster?utm_medium=social&utm_source=linkedin&utm_campaign=stli

More than 100,000 additional jobs will be created in the modern services cluster within the decade, said Trade and Industry Minister Gan Kim Yong on Tuesday.

In the same period, Singapore aims to grow the value-add from the cluster by at least 50 per cent, he said during the debate on his ministry’s budget in Parliament.

These moves fall under the new Services 2030 strategy, one of the pillars of the Singapore Economy 2030 vision alongside the Manufacturing 2030 and Trade 2030 strategies.

Services 2030 strategy to create 100,000 jobs in Singapore’s modern services cluster These include jobs in consulting, legal, financial services, and infocomm technology and media. Read more at straitstimes.com.

Banks in Singapore expand wealth, tech jobs even as Wall Street layoffs gather steam https://www.businesstimes.com.sg/companies-markets/banks-singapore-expand-wealth-tech-jobs-even-wall-street-layoffs-gather-steam

Global investment banks may have been laying off dealmakers and cutting bankers’ pay, but banks in Singapore are looking at a rosier situation as more private monies flow their way and they seek to enhance digital capabilities.

Recruiters and bank representatives The Business Times (BT) spoke to said lenders here are hiring across their wealth businesses, corporate and commercial banking divisions, as well as for a gamut of tech-related roles.

Hiring may have slowed for 2022, as is typical for most year-ends, but recruiters said they have received mandates for the next year that include salary packages between 20 and 40 per cent above the norm, as employers jostle for talent.

Banks in Singapore expand wealth, tech jobs even as Wall Street layoffs gather steam GLOBAL investment banks may have been laying off dealmakers and cutting bankers’ pay, but banks in Singapore are looking at a rosier situation as more private monies flow their way and they seek to enhance digital capabilities. Read more at The Business Times.

Rocket Internet-backed Flash Coffee lays off staff across markets FLASH Coffee, a coffee chain headquartered in Singapore and backed by venture capital, has become the latest startup to lay off staff amid a weakening economy. Retrenchments were made regionwide, including in Singapore and Indonesia, going by the LinkedIn posts of some former employees. Read more at...

DBS, OCBC, UOB raise fixed home loan rates to up to 4.5%: What home buyers need to know

DBS, OCBC, UOB raise fixed home loan rates to up to 4.5%: What home buyers need to know HOME loan rates have shot past the 4 per cent mark after DBS Bank and OCBC Bank raised their fixed-rate packages on Tuesday (Nov 15). Read more at The Business Times.

Financial planning more important than ever as recession risks rise https://www.businesstimes.com.sg/wealth-investing/build-your-net-worth/financial-planning-more-important-than-ever-as-recession-risks

Even as central banks engage in monetary tightening to rein in inflation rates that have reached multi-decade highs, their economies run enhanced risks of falling into recession amid weakening geopolitical and macroeconomic fundamentals.

And as economic growth weakens, high-net-worth (HNW) individuals would do well to plan ahead and readjust their strategies.

Financial planning more important than ever as recession risks rise Even as central banks engage in monetary tightening to rein in inflation rates that have reached multi-decade highs, their economies run enhanced risks of falling into recession amid weakening geopolitical and macroeconomic fundamentals. Read more at The Business Times.

https://www.straitstimes.com/business/banking/singaporeans-to-get-consolidated-view-of-their-insurance-policies-on-sgfindex-dpm-wong?utm_medium=social&utm_source=linkedin&utm_campaign=stli

Singaporeans to get consolidated view of their insurance policies on SGFinDex: DPM Wong Singapore will also invest $150m over the next three years to further encourage innovation in the financial sector. Read more at straitstimes.com.

$1.5b package to help S'poreans cope with inflation; 2.5m people to get up to $500 in cash SINGAPORE - A new $1.5 billion support package will give Singaporean households additional help to deal with rising prices, with more aid going to lower to middle-income groups, Deputy Prime Minister Lawrence Wong announced on Friday. Read more at straitstimes.com.

Sea's Shopee shuts operations in Argentina, Chile, Colombia, Mexico: Sources Firm to "focus resources on core operations" and will use cross-border model in Mexico, Colombia and Chile. Read more at straitstimes.com.

HSBC starts to lay off AXA Singapore staff; over 20 given notice on Thursday ST understands affected employees are from various departments including customer care, legal, underwriting. Read more at straitstimes.com.

OCBC raises interest rates on 360 account; up to 4.05% per annum on first $100k SINGAPORE - OCBC Bank will be raising interest rates on its flagship 360 savings account from Thursday (Sept 1), as it joins other local banks in account revisions amid the rising rate environment.
Read more at straitstimes.com.

Minimum S$30,000 monthly salary for applicants of new One Pass

Minimum S$30,000 monthly salary for applicants of new One Pass WITH the competition for global talent heating up, Singapore will soon introduce a new pass for top talent to better attract such high achieving individuals to its shores. Read more at The Business Times.