Author: SG Wealth Builder

New law slams deceptive showflats

The following is an article courtesy of PropertyGuruIn a bid to ensure transparency, Parliament recently amended the Housing Developers Act enforcing strict regulations on marketing and information disclosure.With the new laws, developers can no longer portray showflats that look larger than the end product through the use of glass panels instead of higher ceilings or brick walls, reported news portal Asiaone. Furthermore, transaction prices reported should reflect all forms of rebates and discounts, including stamp duty refunds and furniture vouchers. Errant developers could be fined up to S$100,000, and have their showflats inspected and if needed closed down, by...

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Losing your job in Singapore

Recently, Lucasfilm announced that it is laying off games staff in Singapore. I suppose as business cycles become shorter and shorter, retrenchments is becoming more frequent in our society nowadays. Of course you can also be fired by your boss due to poor performances or for other personal reasons. Whatever the reason, losing your job can be a traumatic experience, especially in Singapore where the cost of living is high.SG Web Reviews has always encouraged readers to build up 3-6 months of income as emergency fund. This will help to cushion the impact of the sudden loss of income. Besides this fund,...

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Singapore Stocks to Grow Your Money

Below is an article from guest blogger, Richard who works as a stock analyst and has 3 years of experience in the stock market. He likes to write articles and hope to share his experiences with investors in Singapore If you would like additional SGX Dividend Stocksdata, information or screening tools, please visit website http://sg.dividendinvestor.com/, a leading source for in-depth research and analysis for stock investments. Dividend investing is a great way to increase your income and make money in Singapore. In this article we will talk about dividend investing and how to become rich in Singapore....

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SG Web Reviews is part of Singapore Memory Project

I am pleased to inform readers that SG Web Reviews has been invited by National Library Board (NLB) to be part Singapore Memory Project (SMP).This is indeed an honour and a form of recognition for SG Web Reviews. SMP is a national initiative to collect, preserve and provide access to Singapore’s knowledge materials. Spearheaded by NLB, the SMP aims to build a national collection of content in diverse formats, to preserve them in digital form and make them available for discovery and research.A home for my memories By pledging my blog to SMP, I affirmed that every memoryy matters. In...

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Investments in my blog SG Web Reviews

I have received quite a few requests to be guest contributors in my blog, SG Web Reviews. Generally, I welcome these requests and would publish the authors’ works in my blog. The objective is to share with my readers useful tips on managing personal finance and investments. Over the years, I have also gained some useful knowledge from these contributions. However, I have also declined quite a few guest blogging requests too. There was one Singaporean who wanted to write about his money-lending business in my blog. I rejected his request because I do not want to encourage my readers to borrow money...

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Singaporeans really stupid?

If you think that Singapore is a good place to become rich, think again. In my previous post, I wrote that although Singaporeans are considered highly educated, generally most of us are not financially savvy and not as street smart compared to many of our South East Asia counterparts. Inevitably, many critics will dish out statistics showing that over the decades, Singapore has consistently been ranked among the top in terms of ‘O’ and ‘A’ level results and argue that our kids are among the brightest in the world. However, there is a need to know the difference between academic...

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Cash rich Biosensors targeting M&A deals

Financial Performance and Recent Highlights: 1) In January, Biosensors received CE Mark approval for its polymer-free drug-coated stent (DCS), BioFreedom™ the Company has also commenced global patient enrollment for LEADERS FREE clinical study during the quarter 2) Biosensors has signed an OEM agreement for both coronary and peripheral drug-eluting balloons which will be marketed under Biosensors’ brand name. These products have obtained several regulatory approvals including CE mark and will be available to Biosensors for worldwide distribution 3) Recently, the Company successfully raised S$300 million (approximately US$240 million) from the issuance of 4.875% fixed rate notes due 2017 under...

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Pay yourself first

In recent years, there were various articles on increasing trend of Singaporeans defaulting on their credit card payments. I think this is a worrying sign in Singapore. In fact, one of my readers commented that he belongs to the group of credit card payment defaulters and is struggling to settle his mounting bills. I hope he managed to dig his way out of the hole he created for himself, but I suspect it is going to be a long and tough road for him. I believe this is also the case for many young Singaporean adults who just entered...

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Money Talks with Spouse

Recently, my wife and myself reviewed our financial health and done some DIY financial planning. We reviewed our household incomes, savings, monthly expenses, insurances and our child’s endowment plan. I always enjoy these money talks with my spouse because during these sessions, we would set realistic goals and aligned our monetary values. This process also forced us to think through areas we did not do well and motivated us to improve further.Who said money is not important in a relationship? Many couples tend to underestimate the role of money in a relationship. Some even claimed that a relationship based...

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Singapore Stock Exchange: Market Highlights

Below is an article from guest blogger, Richard who works as a stock analyst and has 3 years of experience in the stock market. He likes to write articles and hope to share his experiences with investors in Singapore If you would like additional SGX Dividend Stocks data, information or screening tools, please visit website http://sg.dividendinvestor.com/, a leading source for in-depth research and analysis for stock investments. Singapore stock exchange came in limelight on 1st December, 1999. This provides different services related to securities and derivative trading facilities. SGX is a member of the WFE (World Federation of Exchanges) and Asian...

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Stock Investments: Osim

Osim announced a set of sterling good results for FY12. I am not vested in this counter but has been keeping a close watch on it. The stock has rocketed three years ago after management cut losses on its US investment losses. Since then, it has never looked back and the latest results showed that they have achieved their third consecutive years of record profit despite tough economic environment. Record PBT S$115 million +17% , Q4 PBT of S$31 million +28% Record PAT S$87 million +26% , Q4 PAT S$23million +32% Record EBITDA S$126 million +13% , Q4 EBITDA S$34...

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Singaporeans – Stupid or Smart?

Recently, the Straits Times published an article stating that 180 investors had inked a petition urging action from the government on gold investment company, The Gold Guarantee (TGG). Apparently these investors turned up at Hong Lim Park and signed the petition urging the authorities to expedite investigations into the gold buyback firm. A family member of one of the victims even claimed his family lost almost close to one million dollars on TGG. It seems that a lot of Singaporeans had lost huge amount of money after investing in gold buy-back schemes offered by TGG. Greed or Stupidity? Readers may...

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Financial Overview of Singapore Stocks

Below is an article from guest blogger, Richard, from Dividend Investor. Richard works as a stock analyst and has 3 years of experience in the stock market. He likes to write articles and hope to share his experiences with investors in Singapore If you would like additional SGX Dividend Stocksdata, information or screening tools, please visit website http://sg.dividendinvestor.com/, a leading source for in-depth research and analysis for stock investments. Make Money through stock dividends A dividend is a premium which a company gives to its shareholders. Generally, a dividend stock pays quarter dividends (4 times in a year) in order for...

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Filing of Personal Income Tax

Its that time of the year for Singapore taxpayers to file income tax!Recently, the government announced several Budget inititatives that aim to improve the lives of Singapore citizens. Most of the Budget goodies are targeted at the lower income and I suppose most of the less well-off households will benefit from the 2013 Budget. As I fell into the middle-income bracket, the only Budget goodies that I will be entitled are the GST Vouchers and the 30% personal tax rebate. Difference between Income Tax Relief and Income Tax Rebate In Singapore, citizens are eligible for various applicable tax relief and rebate. It is...

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5 Ways to Cut Your Credit Card Interest Payments

By guest contributor, David Silverstone from Credit Card InsiderCredit cards interest rates are wreaking havoc on many Americans’ lives. The minute you leave a balance on these accounts, you’ll notice that debts continue to increase because of the interest payments, even if you aren’t adding to the debt. Over the years, you will end up paying so much in interest that you are paying much more for purchases than they originally cost. There are several ways of reducing debt, including at least five ways to lower the amount of interest you are paying. Pay the Bills Early The first...

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