Teaching workers to be money savvy

This article was first published in the Straits Times Recruit on 19 May 2009. Offering financial advice as an employee benefit is important in good times and bad. While the Jobs Credit Scheme is likely to reduce the number of retrenchments expected, downsizing will, unfortunately, still be unavoidable for some companies in......

Seeing through the hocus bogus

This article was first published in the April 2009 issue of Smart Investor magazine. The global financial crisis uncovered Bernard Madoff and R. Allen Stanford for fraudulent financial operations – highlighting the possibility of other scam opportunists who will try to take advantage of desperate investors during this bleak period. With......

The Budget

12% credit wage reimbursement Since employers can already cut wages, cut the work week and ask workers to take “no pay” leave, to what extent will the 12% job credit wage reimbursement up to the first $2,500 of wages for workers who contribute to CPF, help to reduce job losses? For example,......

The Importance of Having Two Bank Accounts

I don’t know about you. But I do have 2 bank accounts. One is known as an “operating account” where my salary gets paid into as well as all my expenditures are taken from. Here is the list of transactions are made with this account: Income: Salary Expenditure: Bills payment Loan installment ......