The Singapore Dollar Hits 3.50 Against The Malaysian Ringgit: 3 Groups Who Will Be Benefit (And 2 Groups Who Won’t)
The foreign exchange market (Forex) is seen as a zero-sum game. When someone gains from a favourable exchange rate between two currencies, a corresponding loss is also suffered somewhere else. Singaporeans get elated whenever they see the Singapore Dollar (SGD) trading at a historical high against the foreign currencies of the countries that they want […]
Banks Are Offering Higher Interest Rates For CPFOA Fixed Deposits, But What’s The Catch?
This article was initially written on 24 November 2022 when OCBC was the only bank that offered fixed deposits for CPFOA savings. Since then, Maybank Singapore has also entered this space. We have updated the article accordingly to reflect the latest interest rates. Since the start of 2022, interest rates have been rising. For lenders, […]
First Mover (Dis)Advantage: I Took A Trip To Tengah, The Newest HDB Town, To Find Out What Amenities Are Available For The First Batch Of Residents
A new home symbolises fresh beginnings and a significant milestone, especially for first-time home owners. While most may feel excited (and even a sense of relief of receiving their keys after 1-2 years of construction delays caused by COVID-19), it was mixed feelings for the first batch of residents in Tengah. They are among the […]
Investing In SembCorp Industries (SGX: U96): 5 Things To Know About Singapore’s Largest Renewable Energy Company
In Singapore, the largest renewable energy company is Sembcorp Industries (SGX: U96). Although it has a large conventional energy business, which stems from its reliance on natural gas, the company has also been growing its clean energy portfolio at a rapid pace. As more corporates regionally and around the world seriously consider the merits of renewable […]
AutoWealth Review: Here’s What We Like About Investing With This Robo-Advisor
Robo-advisory platforms, like AutoWealth, have become a popular way to invest in Singapore. One of the main reasons is that they integrate digital tools to provide greater convenience and simplify the investment process for investors. From the comfort of our home, we can set up our investment account, access customer support, understand our risk assessment and start investing online. Robo-advisors […]
The Retiree’s Expedition: Discovering Life After the 9-to-5
Retirement is often heralded as the golden era of tranquillity and leisure. However, the retirement journey is not without its complexities and demands strategic navigation. Drawing parallels to the meticulous preparations of a seasoned sailor, the transition into retirement requires a similar level of foresight and planning. A Clear Destination The first step is setting a […]
Guide To The Magnificent 7 Stocks And How They Performed In 2023
“Magnificent 7” was originally the title of a 1960s cowboy film, but in today’s context, it’s being used to refer to a group of the 7 best-performing stocks on the US stock market that can move the indexes seemingly on their own. Comprised of Amazon (AMZN), Apple (AAPL), Alphabet (GOOG), Meta (META), Microsoft (MSFT), Nvidia (NVDA) […]
TGIF: I Used DBS PayLah! To Get Free Lunches At Hawker Stalls On Fridays
Hawker food inflation has climbed 8.3% from a year ago in January 2023 – a 14-year high. If we think about it, this means that a $5.00 plate of noodles a year ago will cost around $5.42 today. Adding the usual takeaway fee of $0.20 that is being implemented at many food stalls recently, a […]
5 Things To Know About OEL (Holdings) (SGX: 584), The Healthcare Company Behind Discovery Kidz Preschool
To ensure quality healthcare is provided to the people, healthcare experts rely on advanced technologies and high-quality equipment. One such company that works closely with the industry in providing these solutions is Singapore-based leading medical technology integrated solutions provider, OEL (Holdings). Established in 1984, OEL (SGX Code: 584), was listed on the Catalist board of […]
What Happens To Your CPF Contributions When You Hit Your Basic Healthcare Sum (BHS) in Your CPF MediSave Account (MA)?
Every month, our CPF monthly contributions flow into three main accounts, Ordinary Account (OA), Special Account (SA) and MediSave Account (MA). For those aged 55 years old and above, we also have a Retirement Account (RA), but CPF contributions from our salary do not go into it by default. While OA is meant for our housing, SA […]
