Archive

Ivan Guan

AIA Platinum Legacy Series

May 15, 2012 by Ivan Guan
In keynote address at Life Insurance Association 50th Anniversary Gala Dinner, Ravi Menon, Managing Director of MAS said: Saving for the future, investing for returns, and protecting against risk – these are the fundamentals of managing our finances.  Yet so few of us do it well.  We are far better at earning an income than [...]

in Categories: Insurance

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One Night Stand Investment

May 10, 2012 by Ivan Guan
I stumbled upon this interesting term  “One Night Stand Investment” from Investopedia.com today, it means “Buying a security with the intention of holding it for the long term, but subsequently panicking and selling it the following day.” Investopedia further explains that “An investor sells out the following day typically because of bad news or a [...]

in Categories: Investing, Personal Finance

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How are assets distributed if a person dies without a will

May 8, 2012 by Ivan Guan
When a person (non-Muslim) dies without leaving a will, he is said to have died intestate. Sometimes, even if a person has a will, the will may not be properly drafted and certain assets are left out of the will. These assets will fall into intestacy. In Singapore, The Intestate Succession Act (Cap. 146) applies [...]

in Categories: Personal Finance

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What is SIBOR

May 3, 2012 by Ivan Guan
SIBOR stands for Singapore Interbank Offered Rate and is a daily reference rate based on the interest rates at which banks offer to lend unsecured funds to other banks in the Singapore wholesale money market (or interbank market). It is similar to the widely used LIBOR (London Interbank Offered Rate), and Euribor (Euro Interbank Offered Rate). Using SIBOR is more common in [...]

in Categories: Investing

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HDB Standard Option to Purchase (OTP) Available for Download at HDB InfoWEB

May 2, 2012 by Ivan Guan
To provide more convenience to buyers and sellers of HDB resale flats, the HDB standard Option to Purchase (OTP) form, the only form of contract in HDB resale transactions, is now available in the HDB InfoWEB for download. Buyers and sellers or their salespersons no longer need to obtain the pre-printed hardcopy OTP form from [...]

in Categories: Property

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How to use Medisave for maternity expenses

May 1, 2012 by Ivan Guan
Can I withdraw Medisave to pay maternity expenses? The Medisave Maternity Package enables you to use your Medisave for the delivery and pre-delivery medical expenses of your first four living children. For the fifth and subsequent child, you and your spouse will need to have a combined Medisave balance of at least $15,000 at the [...]

in Categories: Personal Finance

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HDB issues Fixed Rate Notes

April 26, 2012 by Ivan Guan
In a recent Straits Times article  ”Huge demand for corporate bonds this year“, the author highlighted “Corporate bonds may be rather unexciting to some, but they are selling like hot cakes so far this year – and this month is shaping up as the busiest yet.” On 25 Apr 2012 Press Release, the Housing and Development [...]

in Categories: Fixed Income, Investing

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Should you bite the bullet when COE is at $91,000

April 22, 2012 by Ivan Guan
The COE Results for APRIL 2012 Category B (Car above 1600cc) is $91,000! Many people seem to be willing to pay a higher premium in anticipation of possible quota cut. However, do you have to bite the bullet even if you really need to buy a car? First of all, you must understand what is [...]

in Categories: Personal Finance

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The world is sitting on ageing ‘time bomb’

April 19, 2012 by Ivan Guan
One of the news headlines today is The International Monetary Fund (IMF) warns that the World is sitting on ageing ‘time bomb’. The good news, given from the article, is that “we will live longer than we expect”. Ironically, the bad news associated with this is that “we won’t be able to afford it”. Today, [...]

in Categories: Market Review and Trends

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Genting Perpetual Securities Subscription Result

April 18, 2012 by Ivan Guan
Perpetual Securities have become the hottest cake in town now. Genting Singapore last month raised S$1.8 billion from a perpetual securities issue–the largest ever single tranche Singapore-dollar bond deal. This month, its retail offering of up to $500 million in perpetual securities has been subscribed fully. As at the close of offer on Monday, valid [...]

in Categories: Fixed Income

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Can you retire with $1,100 per month?

April 17, 2012 by Ivan Guan
According to Aviva’s Survey on Consumers Attitudes to Saving (February 2010 to November 2011), fewer members meet CPF’s Minimum Sum requirement of S$131,000 each year. Even if you do have $131,000 CASH at your retirement age, based on CPF Minimum Sum Payout Calculator, you will merely receive a monthly payout of S$1,100 for about 20 years, [...]

in Categories: Investing

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Have You Forgotten European Credit Default Swap?

April 13, 2012 by Ivan Guan
It seems investors are not affected at all by the recent market correction and Sumatra earthquake. New IPO Bumitama soared on debut, rising nearly 30% from IPO price of $0.745 and closed at $0.96. If you recall, Just six months’ ago, the market was spooked by Euro debt crisis and the voices of collapse of [...]

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Personal Income Tax rates for YA 2012

April 11, 2012 by Ivan Guan
18 Apr 2012 is the last day to file your Income Tax Return, there will be penalties for ailing to file by the due date.  I would like to draw your attention that there is change of Tax rates for resident individuals this year as below: Chargeable Income Rate (%) Gross Tax Payable ($) First [...]

in Categories: Personal Finance

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Can construction worker double as driver?

April 5, 2012 by Ivan Guan
If you are a business owner and employs foreign construction workers, you may use the workers to double as drivers in vehicles plying to and from work. You may be shocked to know that you have been bending the rules. Many companies do not seem to be aware of the Ministry of Manpower’s Conditions of [...]

in Categories: Investing

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HSBC launches new product – Early Critical Care

March 20, 2012 by Ivan Guan
Early critical illness insurance competition has just geared up. After AIA Complete Critical Cover, NTUC VivoCare and AXA’s Early-Payout LivingEnhancer, HSBC is the latest entrant for early critical illness coverage. Key features of Early Critical Care are Coverage of 28 Early, 27 Intermediate and 30 Critical Stage Medical Conditions – making early treatments possible Additional [...]

in Categories: Insurance

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NTUC Capital Plus (CPN29) – Guaranteed 1.4% Interest for 2 Years

March 13, 2012 by Ivan Guan
NTUC has again launched popular limited-tranche 2-years single premium non-participating plan, Capital Plus (CPN29). Brief outline of the plan: 2-years single premium non-participating plan Guaranteed interest of 1.40%p.a. Provides TPD before age 65 years old (last birthday) and Death coverage Entry age of 16 to 80 years old (last birthday) Minimum single premium of $10,000 [...]

in Categories: Uncategorized

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HSBC to sell general insurance business to AXA and QBE

March 8, 2012 by Ivan Guan
HSBC Holdings PLC said Wednesday that it has agreed to sell its general-insurance businesses in Hong Kong, Singapore, Argentina and Mexico to AXA Group and Australia’s QBE Insurance Group Ltd. in separate deals valued at about $914 million in cash. The move is part of HSBC’s efforts to diversify away from noncore businesses, while focusing [...]

in Categories: Investing

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NTUC Income Value Pack for the Low Income Group

March 4, 2012 by Ivan Guan
NTUC Income will be launching a Value Pack comprising a low-cost term insurance and Enhanced Incomeshield Plan C specially for the low income group and the uninsured. This initiative is driven by NTUC’s social purpose and seeks to address the protection gap issues of the low-income group, uninsured and underinsured.  This pack is only sold [...]

in Categories: Investing

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