So much hassle to use DBS Remit
I wanted to send some money to a manufacturer in China through DBS Remit. I have to create an payee by providing the bank code (CNAP number) and account number. I have to enter the full name of the recipient in English and in Chinese, the NRIC of the recipient and the full address. I do not have the ability to type the name...
Wuhan virus: Look on the bright side
So DBS, our biggest bank, has lowered its 2020 GDP growth forecast for Singapore by 28% from 1.4% previously to 0.9% because of a drop of 1m tourist arrivals for every three months Singapore’s travel ban on Chinese passport holders continues. (Related post: S$ tanks as GDP forecasts slashed) Wuhan virus: Why investors are...
Wuhan virus: Why investors are not panicking
Unlike the anti-PAP cybernuts who rushed to hoard rice and instant noodles investors are not panicking Because We estimate that even in a scenario where the rate of new infections did not peak until the second quarter, the negative hit to global economic growth would be about 0.3 percentage points. That means the expansion would...
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