Singapore CPF Vs. Hong Kong MPF: 4 Key Differences Between Their Pension Schemes
Singapore and Hong Kong are often compared as global financial hubs. While both share similarities—such as being small, service-driven economies—there are also notable differences. One significant difference lies in their retirement systems for local residents. Singapore operates the Central Provident Fund (CPF), a mandatory savings and social security system. In contrast, Hong Kong’s primary retirement […]
3 Personal Finance Actions You Should Take By 31 December 2024
With just a couple of weeks to go in 2024, you may be looking forward to the festivities and celebrations. You’ve come to the exact wrong place if that’s what you had in mind, because we’re about to saddle you with 3 more things you can do for your personal finances before the end of […]
US Stock markets – Dec 17
Notables Notable Earnings Today: HEICO (NYSE: HEI), Worthington Enterprises (NYSE: WOR), Amentum (NYSE: AMTM), REE Automotive (Nasdaq: REE). Notable IPOs Today: N/A. Notable Equity Crowdfunding Campaigns Ending Today: N/A. Notable Economic Events Today: Retail Sales / Core Retail Sales (8:30 a.m. ET), Industrial Production (9:15 a.m. ET), Business Inventories (10:00 a.m. ET), Retail Inventories Excluding Autos (10:00 a.m. E), […]
Asian shares drift, dollar firms ahead of central bank meets – Dec 17
Today’s Market News Exclusive: Shein weighs sale of less than 10% of company in London IPO, sources say Surge in gold imports pushes India’s Nov trade deficit to record levels China’s Jan-Nov government land sales revenue falls 22.4% y/y China’s fiscal revenue falls 0.6% in January-November China to boost direct fiscal support to consumers […]
5 Things To Know About Mermaid Maritime (SGX: DU4), A 40-Year Subsea and Offshore Oil & Gas Specialist
With over 40 years of track record, Mermaid Maritime (SGX: DU4) specialises in subsea and offshore drilling services, primarily to the oil and gas industry. Its services are crucial for the installation, maintenance, and decommissioning of offshore infrastructure. Mermaid Maritime operates primarily in Southeast Asia, the Middle East and Africa. As oil and gas fields reach […]
Asia wary of Fed rate future, China data disappoints – Dec 16
Today’s Market News China has room to cut RRR further, PBOC official says China’s ‘whitelist’ projects get $495 bln loans by end-Nov China’s CATL offers suppliers financial support to drive battery innovation Geely, Baidu pledge to solve payroll issues facing EV venture Exclusive: Aviva’s India officials approved brokerage model queried by taxmen Asian stock markets […]
10 Investments You Can Make With Your Supplementary Retirement Scheme (SRS) Account
Started in 2001, the Supplementary Retirement Scheme (SRS) is a voluntary initiative that forms part of Singapore’s multi-pronged strategy to help citizens, permanent residents (PRs) and foreigners start building up their retirement nest egg. As an incentive to contribute to our SRS accounts, we receive dollar-for-dollar tax relief of up to $15,300 for citizens and PRs and up […]
How Much You Need In Your CPF Retirement Account (RA) At 65 To Afford The Average Retiree’s Expenses With CPF LIFE Payouts?
CPF LIFE is meant to provide a monthly lifelong payout throughout our retirement. While this is assuring, the question is whether our monthly CPF LIFE payouts will be enough to fund our retirement lifestyle. This is a difficult question to answer because everyone leads different lifestyles and is in different life circumstances. The best way to estimate […]
2 Things Investors Should Consider When Trading In The FX Markets With The Trump 2.0 Presidency
The US presidential election in November resulted in a fairly clear winner in Donald Trump. Since then, he has been pledging to impose trade tariffs on countries that he feels are competing unfairly with the US. Indeed, the second term of Donald Trump’s administration will take place in a world that is far different from […]
CPF Medisave: Here’s How Your Basic Healthcare Sum Might Look Like When You’re 65
A chunk of our monthly CPF contributions goes into our MediSave Account (MA). Our MediSave Account savings is meant for our healthcare needs, including paying for certain healthcare insurance premiums such as MediShield Life, private Integrated Shield Plans, Careshield Life and CareShield Life supplementary plans, as well as a variety of treatments, such as day surgeries, outpatient treatments, […]
