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...
Roy Ngerng: Why Bloomberg’s praise of the Singapore model does not reflect reality
Bloomberg praised Singapore's coronavirus management but the reality is very different on ground - Singaporeans don't trust the government, in contrast to how Taiwan's quick actions engendered more trust among its citizens. Singapore's healthcare approach is strong though - the government's testing of all pneumonia cases...
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