Alvin Soong’s Blog

Anyone owing a debt with just $10,000 could legally be made a bankrupt and suffer the inevitable social stigma. Bankrupts also need permission from the Official Assignee (OA) before travelling abroad.
On May 18, the High Court can refer debtors who owe less than $100,000 to the Insolvency and Public Trustee’s Office (IPTO: www.ipto.gov.sg) to […]

Latest changes again updated on 18th June 2009. Attached is a copy of the shield hospitalisation plan records we have for your reference, our company has compiled. Right click to download
comparison-of-shields.xls

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Some updates on the upcoming changes to Medisave and CPF Minimum Sum wef 1st July 2009:
CPF Minimum Sum
The CPF Minimum sum will be raised from $106k to $117k from 1st July 2009.
Medisave Minimum Sum
1) The Medisave Minimum sum (MMS) will be increased to $32k from $29.5k from 1st July 2009 in view of higher hospitalisation […]

One of my friend bought his diamond ring online through one Facebook ad. It is really much cheaper. He did his research online on ‘four Cs’ guide to size up a diamond - carat, clarity, colour and cut. While I bought slightly smaller than his through a dealer, supposedly cheaper months back, it is still […]

I read the newspaper on some pitfalls in property investments. Knowing most people have no time to read much,Ii summarised the following
Case 1. In one condo. pruchase, the condo’s management could not transfer the unit to new buyer because of the seller’s debt arrears. In this case, ‘the buyer should have made the cheque out […]