by chung chinyi | Apr 15, 2025 | Uncategorized
All Singaporean households will receive $500 in CDC vouchers starting May 13, 2025 The vouchers will be valid until December 31, 2025 $250 can be used at supermarkets and $250 at hawker stalls and heartland merchants This is the seventh tranche of CDC vouchers,...
by chung chinyi | Apr 15, 2025 | Uncategorized
The article highlights several layers of complexity in how we discuss AI capabilities and future development: https://www.straitstimes.com/opinion/when-will-ai-be-smarter-than-humans-dont-ask Definitional Ambiguity AGI has no consensus definition: The term...
by chung chinyi | Apr 15, 2025 | Uncategorized
Key Parallels Protectionist Approach: Both Nixon and Trump used tariffs as economic weapons to force trading partners to renegotiate terms. Nixon implemented a 10% import tariff, while Trump has introduced his own tariff regime. Trade Deficit Focus: Both presidents...
by chung chinyi | Apr 14, 2025 | Uncategorized
This news about the OneMotoring phishing scam in Singapore is concerning. The key points from the article are: At least 37 cases of this phishing scam have been reported since December 2024 Total losses amount to at least $407,000 Scammers send text messages claiming...
by chung chinyi | Apr 14, 2025 | Uncategorized
I’ve read Rana Foroohar’s opinion piece from the Financial Times dated April 14, 2025. The article presents a provocative argument that the United States under President Donald Trump’s second term is displaying characteristics similar to emerging...
by chung chinyi | Apr 14, 2025 | Uncategorized
This is a concerning case of employee fraud in Singapore. Here’s a summary of what happened: Amira Nur Hudah Mohamed, a 28-year-old clinic assistant, has been sentenced to 14 months in jail after pleading guilty to cheating 509 patients out of over $55,000. She...
by chung chinyi | Apr 14, 2025 | Uncategorized
The Policy Adjustment The Monetary Authority of Singapore (MAS) has implemented its second monetary policy easing of 2025 by reducing the pace of the Singapore dollar’s appreciation. This move specifically: Decreased the rate of Singapore dollar nominal...
by chung chinyi | Apr 14, 2025 | Uncategorized
GXS Bank’s Acquisition of Validus Capital: A Watershed Moment in Singapore’s Banking Evolution The acquisition of Validus Capital by GXS Bank marks a significant milestone in Singapore’s banking landscape. It represents the first such acquisition by...
by chung chinyi | Apr 14, 2025 | Uncategorized
Current Situation China has strategically targeted rare earth exports to the United States as a countermeasure to Trump’s tariffs. On April 4, 2025, China restricted sales of seven specific rare earths to America, implementing an export license requirement that...
by chung chinyi | Apr 14, 2025 | Uncategorized
Reasons for GDP Forecast Downgrade The main factors driving Singapore’s GDP forecast downgrade from 1-3% to 0-2% include: US-China tariff war escalation: Trump administration imposing 10% universal tariffs (with a 90-day pause) China facing 145% tariffs from the...
