Dear readers, it was reported just last month that Singapore has 333,204 millionaires. This number forms 0.6% of the world’s millionaires. Are you one of the 333,204 millionaires here? A millionaire is one with a net worth of at least US $1 million and yes, a million in US dollars and not Singapore dollars. And
ARE YOU ONE OF 333,204 MILLIONAIRES IN SINGAPORE? Read More »
Dear readers, the current SP Group electricity tariff is 29.88 cents (before GST) per kWh for the Jul to Sep 24 period. The current SP’s tariff is higher than the tariff offered by the Open Electricity Market players. For example, Tuas Power is currently offering 29.42 cents (including GST) per kWh or just 26.99 cents
ELECTRICITY TARIFF: HOW YOU CAN SAVE $100 A YEAR? Read More »
Dear readers, how time flies! National Day and the long weekends are over and so are the very festive weekends that have had many Singaporeans and I glued over televisions for not just for our Singapore’s National Day celebrations, but also for Max, Singapore’s newly minted Olympic medalist on his quest for medal (and for
THREE NATIONAL DAY PROMOTIONS WHICH I HAD ENJOYED! Read More »
Dear readers, ever since the rout in global stock markets (including Singapore’s) earlier this week, many major stock markets have since rebounded. Among the 30 Straits Times Index (STI) constituent stocks, 4 STI stocks remain Oversold (i.e. with RSI of below 30). The four oversold STI stocks are: Capitaland Investment Keppel SIA UOB Specifically, in
FOUR OVERSOLD STRAITS TIMES INDEX STOCKS RIGHT NOW! Read More »
Dear readers, amidst the current sell-off of global equities, the larger question on the minds of many investors is whether a US recession is coming. The July 2024 US jobs reports showed that 114,000 jobs were added in Jul 24 and this placed the US unemployment rate at its highest level since 2021. With this,
Dear readers, the Singapore Straits Times Index (STI) continued to head south today, closing the day 1.39% lower. The performance of STI is rather different from regional and other overseas stock markets as these other markets seem to have regained some ground based on the closing of their stock indices today. However, when stock markets
STRAITS TIMES INDEX (STI) SINGAPORE: WHAT’S NEXT? Read More »
Dear readers, the global stock markets are likely to be selling off this week given the slew of news last week that suggested signs of a possible US economy weakening and interest rates staying at a 23-year high. Japan’s Nikkei 225 ended 5.8% lower on 1 Aug 2024, which marked the index’s biggest daily decline
Dear readers, the Singapore September Savings Bonds (SBSEP24 GX24090E) is open for application and will close on 27 Aug 24. The average 10-year yield of SBSep24 Singapore Savings bonds is 3.10% per annum and this yield has decline starting from the highest average 10-year yield of 3.33% for this year from the Jun 24 Singapore
SEPTEMBER SBSEP24 GX24090E SINGAPORE SAVINGS BONDS Read More »
Dear readers, the Singapore Straits Times Index (STI) closed at 3,381.45 yesterday (2 Aug 2024), this is about 1.3% down for the week from the 3,426.47 mark on 26 Jul 24. Of the 30 constituents, only one stock, SIA is currently oversold with RSI below 30. SIA stock was down from $6.97 on 26 Jul
STRAITS TIMES INDEX (STI) STOCKS: OVERSOLD, OVERBOUGHT NOW Read More »
Dear readers, it was announced today that a review group will be set up by the Monetary Authority of Singapore to give recommendations on how to strengthen the development of Singapore’s stock markets. One of the areas to look at will be on the less-than-ideal initial public offerings (IPOs) on the SGX: there were 6
REVIEW GROUP ON SINGAPORE STOCK MARKET DEVELOPMENT: MY SUGGESTION Read More »