Why I disagree with Josephine Teo’s assessment on the retail industry
I disagree with Josephine Teo's comments that the retail industry in Singapore is far from being a sunset industry. Worldwide, the X'mas season is usually a busy time for the retail trades and also a time when companies employ more part-time staff to help cope with the expected business increase. In Singapore, our retail industry...
Who is right? Singtel or Vodafone?
Recently SingTel doubled down on India. It said it remained optimistic about prospects in India and said it is prepared to invest more money there, even as it reported a S$668m quarterly loss due to the problems faced by its Indian associate. It was forced to make a provision of S$1.4 billion to reflect its share of what Indian...
Expiry of NETS Flash card
Someone complained to me that his money in the NETS flash card was confiscated on the expiry of the card. He send to me a copy of the letter from NETS explaining that the card is valid for 7 years and the owner is allowed another two years to claim a refund of the unused balance. This is stated in the "terms and conditions"...
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