Economic woes take a toll on the wealth of SG’s richest
Their overall wealth dropped by $92.3b. Singapore's economic woes took a toll on the wealth of Singapore richest men and women, according to a report by Forbes. The overall wealth of Singapore's 50 richest fell by a whopping $92.3b from a year ago, according to Forbes. The decline can be blamed on lacklustre economic growth,...
We misled Justo on payment for proof of US$1.83B scam
Xavier Andre Justo (seated) has accused The Edge Media Group of not paying him for information on the 1Malaysia Development Berhad-PetroSaudi International joint venture. (Photo: Royal Thai Police, July 24, 2015) We refer to the story in The Straits Times today in which Xavier Andre Justo accused us of not paying him what we...
SG’s new savings bond comes with good intent, bad timing
Singapore's plan to launch a savings bond to encourage long-term retail savings is unsettling domestic banks and economists who fear this bond will push interest rates up and suck cash out from an already anaemic economy. The new bond, which will begin selling in October, will have a term of 10 years. It will offer the same...
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