You’re not alone in feeling bad about being in debt. Many people struggle every day with the weight of their debt. But what if we told you that debt doesn’t have to be a bad thing? Believe it or not, there are benefits to having some form of debt. Below, we will outline a few of the more significant ones. We hope this information will help you see your debt in a new light and give you the strength to
Singapore’s inflation may have eased slightly in November 2022, but the Monetary Authority of Singapore (MAS) warned of prolonged pain likely to linger. Risk factors pile up to the nation’s financial vulnerability in the corporate, banking, and housing sectors. MAS stated, “Amid weakening external demand, the Singapore economy is projected to slow to a below-trend pace in 2023.” It added that “Inflation is expected to remain elevated, underpinned by a strong labor market and continued pass-through from high imported inflation.”
2022 has undoubtedly been a tough year for equity markets with global indices such as the S&P 500 down approximately 18% year to date. A falling market can present interesting situations to different investors, and some would now see the glass as half-full. For instance, they may view cheaper valuations as a safety net that offers a larger margin for error. For investors who are thinking of starting their trading journey now, they can consider exploring with OCBC Securities. A
Managing your finances as a single man or woman has both its advantages and disadvantages. As such, you have the freedom to choose how you intend to save or spend. On the other hand, married individuals have the safety net of a second income. The benefit of managing your money when you are single is freedom. There is no one else to check in if you want to spend your Christmas bonus on a trip to Europe. Complete freedom cannot
To clarify some questions and misconceptions surrounding the collapse of FTX.com, the Monetary Authority of Singapore (MAS) has recently issued a statement. The Bahamas-based crypto exchange company filed for bankruptcy in the US on Nov 11, 2022 and is said to owe about US$3.1 billion (S$4.26 billion) to its top fifty creditors. Its short reign started last 2019. In the statement released by MAS last Nov 21, MAS highlighted three key points. #1: IT IS NOT POSSIBLE TO PROTECT LOCAL
