Archive

Tiang Chuan

Victim of OilPods Win Suit, But Could End Up With Nothing

April 3, 2012 by Tiang Chuan
A retiree won the suit against OilPods Singapore, its sole director and sales consultant for fraud and conspiracy over his losses in 2008, reported The Straits Times (Victim of ponzi scheme to get refund). It was reported in 2008 that there were more than 2,000 investors, mostly Singaporeans, and had invested about US$46m worth of [...]

in Categories: Investing

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Directors of Profitable Plots Officially Charged Over Boron CLS Bond

March 28, 2012 by Tiang Chuan
The 3 directors of landbanking firm Profitable Plots were charged in court yesterday over investments related to an industrial lubricant called Boron. Each director was charged with 86 counts of cheating US$2.4m (The Straits Times -  Profitable Plots directors charged with cheating). Only US$3,625 have been recovered. There was however, no charges related to the landbanking investments [...]

in Categories: Investing

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Are Advisers Who Sold Whole Life Plans Profit Driven?

March 28, 2012 by Tiang Chuan
As expected, in the aftermath of the news of  MAS’s  Financial Advisory Industry Review (FAIR), the media followed-up with more reports , particularly on the commission part. The 28th March 2012 issue of The Straits Times came with an article (Beware profit-driven insurance agents) on the sensitive issue. Disclaimer: I have sold whole life plans and am [...]

in Categories: Insurance

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Dark Clouds Loom Over The Financial Advisory Sector

March 27, 2012 by Tiang Chuan
In a move that is not totally unexpected, the Monetary Authority of Singapore (MAS) announced that it will launch a Financial Advisory Industry Review (Fair) yesterday at the 50th anniversary dinner of Life Insurance Association. Among the many areas that the Fair will look at, the ones that will generate the most shockwave in the industry will probably be [...]

in Categories: Investing

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Landbanking firm Edgeworth Properties May Be In Trouble

February 21, 2012 by Tiang Chuan
The Commercial Affairs Department (CAD) have started investigations on another landbanking firm – Edgeworth Properties, reports the 21st Feb 2012 edition of The Business Times (CAD on trail of Edgeworth Properties?). This comes one-and-a-half-years after the probe on landbanking firm Profitable Plots. According to the report, instead of transferring the land titles to the investors, Edgeworth allegedly [...]

in Categories: Investing

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Has The Wine Bubble Popped?

January 30, 2012 by Tiang Chuan
Another investment bubble may have popped. This time, it is something you can drink. As with some other forms of investments, sellers have been touting the China demand and limited supply as the sure-win formula to great profits. However, wine prices have slumped recently. The Live-ex 100 index, which represents the price movement of 100 [...]

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Stocks v Property… Again

January 22, 2012 by Tiang Chuan
As the Rabbit prepares to dive into its burrows and the Dragon primes itself to emerge from the water, the journalists were busy writing on what might be the hits and misses for the new year. The main article on the last day of the Year of the Rabbit is on Stocks v Property. Well, [...]

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Letter To The Straits Times – Singaporeans Benefit From Property Measures

January 7, 2012 by Tiang Chuan
I wrote a letter to The Straits Times Forum in response to the letter from Mr Tan Cheng Hock who felt that successful Singaporeans have been victimised by the latest property measures (Multi-property owner speaks up). My letter (Singaporeans benefit from property measures) was published on the 07th Jan 2012…

in Categories: Property

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CDP Revamp In The News

December 30, 2011 by Tiang Chuan
The proposed revamp of the Central Depository (CDP) system to allow stockbrokers’ access is in the news again.  The Straits Times carried a report on the subject on its 30th December 2011 edition (CDP revamp reignites debate on potential fraud). The article can be accessed here. Basically, they have summarised the forum letters written by [...]

in Categories: Uncategorized

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Letter To The Straits Times – Guard against rogue brokers

December 22, 2011 by Tiang Chuan
I wrote to The Straits Times forum on the possibility of increased churning from SGX’s decision to open up CDP data to stockbrokers. The letter was published on the 22nd December 2011. The letter – Guard against rogue brokers – can be assessed here.

in Categories: Investing

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Sunshine Empire Trio Fails In Court Appeals

November 22, 2011 by Tiang Chuan
High Court Justice Tay Yong Kwang dismissed the court appeals by Sunshine Empire trio, company founder James Phang, former director Jackie Hoo Choon Cheat and Phang’s wife Neo Kuon Huay, reports the November 22nd 2011 edition of The Straits Times (Sunshine Empire appeals dismissed). James Phang, Jackie Hoo and Neo Kuon Huay was given sentences [...]

in Categories: Uncategorized

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Not Another Gold Scam…

November 13, 2011 by Tiang Chuan
Every Sunday, there will be an article on the papers that features a successful investor in a Q&A format. Part of the Q&A will be a question on their worst and best investment. Normally, the best investment would be business of the interviewee.  However, it was different today. The best investment is an unfamiliar name. [...]

in Categories: Investing

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Profitable Plots Sends Lawyer’s Letters To SIAS and CEO

November 9, 2011 by Tiang Chuan
According to the 09th November 2011 edition of Today (Profitable Plots sends legal letters to SIAS, CEO), Securities Investors Association of Singapore (SIAS) and it’s CEO, Mr David Gerald, have received lawyer letters from Profitable Plots on the latter’s consideration of defamation suit against SIAS and Mr Gerald regarding Mr Gerald’s comments in a webcast [...]

in Categories: Uncategorized

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Landbanking Firm Claims They Have Never Lost Money

October 3, 2011 by Tiang Chuan
A landbanking firm claims that they have never lost money for their clients. They claim that their accounts have been vetted by a renowned auditing firm and they have very strict criteria in selecting their projects. Sounds to be the perfect investment! But let’s cool down and think through the possible issues. No one likes [...]

in Categories: Uncategorized

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Bearish Brokers Have Skinny Children

October 1, 2011 by Tiang Chuan
The quote “Bearish brokers have skinny children” stuck after attending a wealth management forum. This simple phase speak volumes about the issues facing not just the wealth management industry, but the whole investment community. The issues discussed at the forum were starting to sound like a broken record. No clear solutions was offered. There have [...]

in Categories: Investing

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Horrow Story – Bank Data-mine To Take Away $1m Deposit

September 26, 2011 by Tiang Chuan
A businessman deposits $1m into a bank. Down comes the relationship manager with 2 proposals that total, you guessed it, $1m. 2 hot funds plus a universal life plan were proposed. A whopping 5% sales charge was imposed but there was no attempt to asset allocate at all. The investment was split into 1 hot [...]

in Categories: Personal Finance

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Millionaires Are Shunning Private Banks In Asia

September 25, 2011 by Tiang Chuan
As F1 roars into town and private banks get to wine and dine their clients, a growing number of millionaires are realizing who actually is footing the bill. According to the 22nd September 2011 report on Bloomberg (Millionaires Form Family Offices to Avoid Private Banks), successful Asian families are setting up family offices and avoiding [...]

in Categories: Uncategorized

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The Cunning Mr Market

September 23, 2011 by Tiang Chuan
The past few weeks must have been really fun for Mr Market. Investors have been placed onto Battlestar Galactica and the ride has been going on for a few weeks. Below is a just a few observations of how things have gone wrong for many. Note: I am not trying to say that any investments [...]

in Categories: Investing

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