Hot Money
Scene from "The Counterfeiters", movie about Nazis printing money in the Sachsenhausen concentration camp. Indonesia's Financial Transaction Reports and Analysis Centre (PPATK) Deputy Chairman Agus Santoso told Jakarta Post that while the Monetary Authority of Singapore (MAS) move to stop issuing the S$10,000 note...
EZ Cash – pay 20 cents for every top up
Why do EZ-Link cardholders have to pay 20 cents every time they top up their card at all DBS, OCBC ATMs and AXS stations? The easy answer is "... if we can collect more money, why not..." This new gotcha came into effect at the start of July. Top up is still free if effected at places like Transit Link sales offices, Add Value...
GIC investing in student dormitory
RMIT Village, North Melbourne Singapore sovereign wealth fund GIC and Australia's Macquarie Capital said Wednesday they have formed a joint venture that bought a majority stake in an Australian student accommodation group.’ AFP. This news was reported about a month ago. GIC, our SWF, one of the biggest in the world, is investing...
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