PAP: From Shameful to Shameless
It’s hard to imagine how shameless the PAP has become. Here are some quick examples: - We used to have contested presidencies. Now they don’t even bother – just make it Reserved, turn an Indian into a Malay, and declare a walkover. How convenient! How shameless! - It used to be that families don’t wash dirty linen in...
GIC 5.1, Temasek 16, Fund Manager 12%?
I refer to the article “Assets under management in S’pore up 7% to $2.7 trillion” (Straits Times, Sep 27). It states that “Sustained net fund inflows and broad-based improvements in market valuations supported the growth, it added. “Compliance requirements are still very onerous and that sets the bar very high for...
Loan payment increased after bank got acquired?
Are there any regulations to protect consumers from any unexpected increase in the quantum of the monthly repayments of a loan, when their original bank is acquired by another bank? Ms Lau was a priority customer of a foreign bank and had a A$ housing loan. A few months’ ago – the foreign bank’s retail business was acquired...
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