Category: Business

Monetary Authority of Singapore faces challenges as investment gains diminish and interest expenses rise.SINGAPORE: The Monetary Authority of Singapore (MAS) reported a loss of S$7.4 billion for the last financial year, attributed to lower investment gains from the country’s foreign reserves and the appreciation of the Singapore dollar. MAS managing director Ravi Menon announced on …

Enhancing cybersecurity measures to safeguard members from fraudulent activitiesIn response to rising scams, the CPF Board announced on Monday (July 17) that it will strengthen its cybersecurity protocols to protect members from fraud.Following a warning issued in June about scammers, the CPF Board stated that it will standardise its SMS sender ID, exclusively using "CPF …

Netizens Divided as Customers Face Backlash for Trusting Unknown Sellers and Seeking DiscountsA man and a woman have seemingly disappeared after failing to deliver luxury bags and watches ordered and paid for by around 200 individuals. As of last month, the couple could no longer be contacted by the customers who placed orders with them, …

Exploring the evolving landscape of financial literacy and the role of consultants in our financial journeys.Back in 2009, I stumbled upon a meme on Facebook that resonated with many: “Become a fan if you wish schools taught how to file taxes and balance checkbooks instead of useless things like algebra.” While ideally, students would acquire …

As Cabinet Members Depart, Calls for Johnson's Resignation IntensifyLONDON: British Prime Minister Boris Johnson is fighting to retain his position as of Thursday (Jul 7), despite facing over 50 resignations from his government, including that of newly appointed UK Education Minister Michelle Donelan.Donelan stepped down just 48 hours after taking office, stating it was the …

Tenants struggle to adapt to steep rent hikes following record-breaking property sale, raising concerns about their businesses' futures.A coffee shop in Tampines was sold for a record S$41.68 million last month. Some tenants say that since then, rent was just about doubled. We spoke to two hawkers there to find out if their businesses can …

Innovative farming practices offer sustainable solutions in the heart of the city."Chefs must take only small, fixed amounts of crops at a time," explains Christopher Leow, the 34-year-old head farmer of 1-Arden’s Food Forest and executive at Edible Garden City. "Otherwise, we risk disrupting the balance of the food forest’s ecosystem." This unwritten rule is …

Despite recovery, experts highlight potential hiring bottlenecks in the aviation industry.SINGAPORE: While Singapore’s aviation industry appears to be faring better in rehiring workers compared to cities in Europe and the U.S., experts warn that challenges still lie ahead as the sector recovers from the pandemic.With the easing of border restrictions and a resurgence in travel …

All households to benefit from S$100 utilities credit as part of support measures.SINGAPORE: Approximately 1.5 million Singaporeans will receive up to S$300 in a special GST Voucher payment this August, announced Minister for Finance Lawrence Wong on Tuesday (June 21). This amount is in addition to the regular GSTV-Cash that they were slated to receive …

Money Mind explores how companies are turning waste into assets.SINGAPORE: The concept of a circular economy is gaining traction in sustainability discussions, yet globally, only an estimated 8.6 percent of the economy operates on circular principles.As Singapore's economic activity rebounded in 2021 following the easing of COVID-19 restrictions, the total solid waste generated increased by …