My Financial Thoughts

I am sitting here in a rare moment (after the arrival of our daughter) listening to CNBC.
2 things that caught my attention were Citi’s stocks dipped below USD1 and that a record one in eight households ended 2008 behind on their mortgage payments or are in the foreclosure process.
Wow, can you imagine those investors who [...]

Tomorrow is Valentine’s Day and I am sure many people are busy planning on what to do and what to get their loved ones. Usual gifts include flowers and chocolates as well as fancy dinners. Today’s The Star had an article citing some outlets which are seeing lesser sales compared to previous years.
Among others it [...]

I used to love Chinese New Year – apart from the cookies, the other main attraction is the receiving/ giving of ang pows. I used to collect them and faithfully hand it over to my mum for her safe keeping. We would count the amount on the 15th day of CNY and then bank it in days [...]

May the year of the Ox brings us all joy and happiness.
Hopefully the year will bring us more financial stability. Meanwhile, have a great celebration everyone!!
Gong Xi Gong Xi!!

This is taken from today’s The Star. The Overnight Policy Rate (POR) was reduced from the previous rate which was 3.25% to 2.5%. Apart from that, the SRR (Statutory Reserve Requirement) was also reduced from 3.5% to 2% currently.
What this effectively means is that the cost of borrowing will be lower and this will hopefully benefit the economy [...]