Ever since I found out that money is created from debt, I have a different view on money.
Money is no longer money that my father, my school teachers and what everyone told me. This page is dedicated to my opinion and thought on money & world finance.
22/09/2019
Local business confidence sours in Q4 Only one of the six study indicators recorded an increase, although it remained in the negative zone. Local business confidence fell to its lowest since Q1 2018, with the business optimism index (BOI) dropping to +4.82 percentage points (ppt) in the final quarter of the year from +6.91 ppt in the pr...
22/09/2019
Deposit Insurance Scheme & Policy Owners’ Protection Scheme Under SDIC Singapore: What Do They Cover? Have you ever feared the thought of losing all your money if a financial crisis hits home? It’s a valid fear and it’s something we should consider carefully. However, don't panic. You don't need to go running to the bank and withdrawing all your money to store them under your pillow because bank...
22/09/2019
Due to continuing protests, 91% of Hong Kong businesses aim to move to Singapore, American Chamber of Commerce (SG) survey reveals A survey reveals that 120 Hong Kong businesses intend to move out from the beleaguered city and that 91% of these firms have eyed Singapore as the preferred destination. The survey states this results from the continuing protests in Hong Kong, Bloomberg reported. The survey was carried out by the Am...
12/07/2019
Part of the reason why China is booming so fast
Why China’s Debt Defaults Look Set to Pick Up Again Chinese companies are facing a reality check after years of ramping up debt. A deleveraging campaign that President Xi Jinping began in 2016 to curb risks in the nation’s financial markets has led to a crackdown on unregulated lending -- so-called shadow banking -- and tighter rules on asset manag...
05/07/2019
Fixed deposits beat out Singapore Savings Bonds RETAIL investors' interest in Singapore Savings Bonds (SSBs) has waned in recent months, likely due to competition from banks offering higher rates for fixed deposits,...
01/07/2019
Disruption coming?
Property deals in Singapore could go fully digital, under planned law tweaks SEVEN in 10 property transactions in Singapore are handled with hard-copy documents, but paperwork could soon be a thing of the past.