TR EMERITUS

The Government’s dislike of consumption by ordinary Singaporeans is shown in Singapore’s relatively low ranking by absolute level of consumption per capita. It is 24th on the list coming in at less than 75% of the level of the UK, Japan and Hong Kong and only about half the level of the US. The comparison would be even more... 

I consider the recent successful scams where hundreds of OCBC customers lost their money as a development of unprescedented scale. A major warning has sounded except that, I suspect, too many suckerporeans still do not realise, appreciate and understand enough what has hit us, that it could also happen to their hard-earned monies... 

The great story in this early part of the year is a story of a young couple who got scammed out of a huge of money in a “phishing scam,” that was targeted at the Oversea-Chinese Banking Corporation’s (OCBC) customers. There was something of a kuffle over the liability of the bank and the end of result was the fact that...