Martin Lee @ Sg

Pertama is no more. Ok, I’m exaggerating it a little. Back in June 2011, Pertama had proposed a delisting of the shares (at $0.65 a share) as it saw no need to maintain a listing status. The cash flow of the business was good, and it had no plans for any capital raising. The free …

I attended a short session on trading conducted by Ray Barros last week. There was supposed to be some live trading demonstration involved but I only knew we were the ones who were supposed to do it when I arrived. But the bonus for us was that the person who managed to make the most …

The Community Health Assist Scheme (CHAS), which was previously known as the Primary Care Partnership Scheme (PCPS), has been enhanced to benefit more people from January 2012 this year. Patients who qualify to be on the CHAS will be able to receive subsidised outpatient medical treatments for acute and chronic conditions as well as basic …

SGX has recently launched an online portal called My Gateway providing investment education for investors. My Gateway provides market updates, recorded webcasts, calculation tools and information about the various products on SGX. You can view historical charts of traded securities on SGX and there is also information about upcoming events and courses. For now, stand …

Financial planning firm ipac has announced the closure of their Singapore and Hong Kong business. It puts an end to an unique advice-centric business model where advisers are paid a salary rather than commissions. Apparently, this model has not worked well for ipac, who made a loss of $4.5 million in 2010 and a cumulative …

As at the close of the Public Offer at 2.00 p.m. on 9 January 2012, valid applications in respect of approximately S$465 million in aggregate principal amount of CMA bonds, at the issue price of 100 per cent. under the Public Offer, were received. As the total valid applications in respect of the Placement and …

The Growth Plan from NTUC is one of the more popular single premium endowment plans in the market for a duration of five years or more. While the returns are nowhere near what you can get from an equity investment, it does give a conservative and steady returns of 2-4%+ p.a. The interest rates in …

After the recent DBS ATM fraud incident, one of my readers wrote in to share his experiences with credit card fraud. Before I share that with you, here is an interesting piece of news about a highly sophisticated banking fraud. New PC virus steals your money and then creates fake online bank statements Apparently, there …

More than $200,000 were illegally withdrawn from some DBS customers this year from ATMs located in Malaysia. Apparently, someone has managed to clone the ATM card details (including the passwords) and made the withdrawals from Malaysia using the cloned cards. Currently, there are about 200 customers affected with an average withdrawal of $1000 per account. …

MOF has launched a Budget Quiz 2012 to promote greater awareness and understanding of the annual budget process. The quiz comprises a weekly series of 10 multiple-choice questions covering the budget process as well as economic, taxation and social policies. Those who are able to answer all the questions correctly will qualify for a weekly …