The competition in Singapore’s digital banking space intensifies, but new players need to do more to stand out and ensure long-term success.SINGAPORE: As digital banking continues to evolve in Singapore, new players in the market are beginning to face increasing challenges in attracting and retaining customers. This comes as the competition heats up, with established …
Author: Jack Wong
Jack Wong
High-interest plans may seem affordable at first, but they can lead to significant financial strain for consumers.Fiona* was only 23 years old when she found herself in debt to the tune of $44,000 from a major furniture retailer.“I had just started working. Landing with this huge debt as I was starting out on my own …
Delays due to tighter Indonesian border controls and additional checks to prevent human trafficking.SINGAPORE: Families in Singapore seeking to hire new Indonesian domestic workers may face delays of up to two months, as Indonesia enforces stricter border controls in response to concerns about human trafficking. These enhanced measures include more rigorous checks on citizens traveling …
Unique 4-room HDB flat sells for a record price, defying age, lack of elevator, and lease decay.A 4-room Housing and Development Board (HDB) resale flat located in Tiong Bahru has been sold for a remarkable S$1.5 million, setting a new record for the highest-priced HDB resale flat. This transaction broke the previous record of S$1.418 …
Six consecutive shows, long queues, and national excitement – Singapore’s Coldplay mania shows no signs of slowing down.It’s not every day that a band pulls off a six-night run in a city like Singapore. Yet, that’s exactly what Coldplay has done, sparking an unparalleled level of excitement and FOMO (fear of missing out) across the …
Concerns over financial integrity and transparency emerge as George Goh’s business dealings come under scrutiny.As Singaporean entrepreneur and philanthropist George Goh Ching Wah enters the presidential race as an independent candidate, concerns about his financial integrity and eligibility for public office have surfaced. Two significant developments have sparked questions about his business dealings, notably his …
Experts warn of the potential for hazardous haze conditions, urging Singaporeans to take precautionary measures.A new report from the Singapore Institute of International Affairs (SIIA) has raised alarms about the high risk of severe transboundary haze affecting Southeast Asia in 2023, driven by the El Niño weather phenomenon. While not expected to reach the severity …
Navigating the complex dynamics of filial piety: When children feel obligated to provide for their parents financially.A provocative headline recently caught my attention on Twitter, sparking a discussion on the evolving concept of filial piety in Singapore.The piece, titled “Strawberry generation more useless than charsiew,” elicited strong reactions. As is often the case with such …
Maid tests positive for syphilis, raising concerns for employer with infants in the household.SINGAPORE: A concerned employer recently shared her worries on social media after her maid tested positive for syphilis, asking for advice on how to handle the situation.In an anonymous post on a support group for domestic helpers and their employers, the woman …
Banks and insurer penalized for failing to comply with anti-money laundering and counter-terrorism financing regulations amid Wirecard-linked transactions.SINGAPORE: The Monetary Authority of Singapore (MAS) has fined DBS, OCBC, Citibank, and Swiss Life a total of S$3.8 million (US$2.83 million) for breaches related to anti-money laundering (AML) and counter-terrorism financing (CTF) requirements. These breaches were uncovered …
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