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Archive for May, 2009

Case Study 6 – Bankrupt and Successful Businesswoman?

Sunday, May 31st, 2009

Former one-hit-wonder Stella Ng has recently been declared bankrupt by the Singapore court. She’s a mandopop singer before her foray into the chocolate cake business.
Back in 2007, Zaobao reported that her cake business in Taiwan was raking in S$500,000 a month in sales. She had obtained the franchise rights from Awfully Chocolate in Singapore and [...]


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Posted in Career, Income | 8 Comments »

Hays Salary Guides 2009

Saturday, May 23rd, 2009

Thanks to a comment from a reader, I got to know about the Hays 2009 Salary Guides.
After browsing through some of these guides, I personally think the salary ranges are on the high side, especially when the footnotes say “salaries are representative of the total package value, although exclude any annual bonus.”
Here’s a sampling of [...]


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Posted in Career, Income | 31 Comments »

Jobless Graduates Should Consider SAF

Saturday, May 16th, 2009

About half of fresh graduates polled here are unemployed. If you are a male fresh graduate affected by the recession, you should consider joining the Singapore Armed Forces.
As reported in ST today, a lieutenant-colonel retiring at age 45 (the current retirement age) will get about $700,000 in gratuity. Such lump sum payments make it attractive [...]

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Posted in Career, Jobs | 44 Comments »

1,350 HDB Flats Returned Since 2005

Tuesday, May 12th, 2009

A reader alerted me to this: Berita Harian reported today that since 2005 a total of 1,350 HDB flats have been “returned” due to “problems meeting payments.”
(As I do not understand Behasa Melayu, the above words in quotes are taken from Google Translate. Please let me know immediately if the translation is completely wrong.)

The following [...]

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Posted in Other Money Matters | 4 Comments »

Can you Afford that Condo? Introducing the Debt Ratios

Saturday, May 9th, 2009

Banks use the Debt Service Ratio to assess your creditworthiness.
Defined as the monthly loan installment amount divided by your gross monthly income, your DSR typically has to be somewhere in the 35% to 40% region for banks to be happy to grant you that mortgage. (See also past article on second home loan.)
However, the DSR [...]

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Posted in Investment, Net Worth | 7 Comments »



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