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Once again, we are ranked near the top of the table. But this time, it’s for raising electrical tariffs! HK electricity producer CLP Power released a media statement last month that included a table of 21 major cities ranked by how much electricity tariffs they have raised since 2005. Thanks to our formidable Singapore Power [...]
It’s official. Singapore is in recession, or “technical recession” to be precise. After 2 consecutive quarters – i.e. Q2 2008 and Q3 2008- of economic contraction, our economy is now in what economists call a technical recession. For the past 2 quarters, we achieved negative growth. As with all recessions, expect to witness more retrenchments, [...]
While markets around the world plunge into their multi-year lows, employees here and abroad worry about job security, and their families cope with rising prices, our all-loving number one telco is raising its residential subscription rates by 10%. SingTel CEO Allen Lew justified the increase, saying: “Manpower costs in the last ten years alone have [...]
Read the full article at SingTel Raises Subscription Price by 10%Hong Kong’s largest electricity producer, CLP Power, is reducing electrical tariff by 3%, as reported by Hong Kong news media such as this article in The Standard. Yes, reducing, not increasing. Yet, people in HK are complaining. They were expecting a bigger cut! “The Democratic Party’s Fred Li Wah-ming said he was disappointed by the [...]
Read the full article at HK Electricity operator cuts price of electricity by 3%. What about Singapore?Shrewd businessmen are buying degrees from degree mills and passing themselves off as “Dr” so-and-so. Straits Times journalist Sandra Davie even managed to buy a degree for her dog! (ST, August 29, 2008). Yes, Harry Doggy the cute beagle is now officially a “Doctor of Arts”. For just US$599. Other people spent years slogging to [...]
Read the full article at Beware of People who claim to have “Doctorates”[Update 22 Aug 09: See primary schools ranking for 2009] A good education is arguably a necessary condition for good employability and even a good salary, so: Good Education ≈ Good Salary. … which is why parents are so uptight about getting their children into the best primary schools. They know best. Going by this, I [...]
Read the full article at Best Primary Schools 2008In the Sunday Times cover story, it is mentioned that a credit card promoter made $20,000 to $30,000 a month. And that was in 2003, when the economy wasn’t so good and SARS (remember?) plagued the country. And she was only a 24-year-old business graduate at that time. “I thought making money was so easy,” [...]
Read the full article at Credit Card Promoter Makes 20k to 30k a MonthCredit Bureau Singapore found in a survey that men and divorcees are likely to owe more money on their credit cards, which typically charge an exorbitant 24% pa interest. On average, men owe $216 in overdue credit card balance. The figure is $91 for women. 39% of men roll over their balances, while a slightly [...]
Read the full article at Men, Divorcees Owe More MoneyA reader called “whizzard” generously shares his experience in getting rich. “I was pretty careful in the way I spent money and diverted much of what I had left over into investments … My friends were having a ball, wining, dining and holidaying” Read his story here. Thanks, whizzard! [Edit: for more words of wisdom [...]
Read the full article at Case Study 5 – Shrewd Millionaire EmployeeDon’t be fooled by those “get rich” seminars, says a Sunday Times article today (as I interpreted it). Flip open the papers, and you’ll see some advertisements on “How to make lots of money doing XYZ“, where XYZ can be “options trading”, “forex trading”, or “shares trading”. As some will say, the only person definitely [...]
Read the full article at On Get Rich Seminars
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