How can I apply for the Debt Consolidation Plan and who is eligible for it?

Well it has been a fairly good experience with CIMB Platinum MasterCard I must say and not meaning to praise them more than is needful but what beats a 10% Cashback On Wine & Dine? I am a family man and it makes me feel good to be able to treat my family to scrumptious dinners or embracing the nightlife to the fullest. Basically your card will give you an incredible 10% cashback on your expenses even when you use your card for taxi rides and petrol. 10% Cashback on Travel in Foreign Currency when you purchase your flights and hotel stays in foreign currency. They even offer a 10% Cashback on Health & Medicals like getting your eyes checked at an optician or visiting the dentist. And if you are a gadget freak, then consider that they give 10% Cashback on Electronic & Furnishing at Selected Merchants like Harvey Norman, Best Denki, Challenger, Ikea, Courts or Parisilk. Finally you can transit with ease with SimplyGo and save on the hassle of carrying a separate transit card or topping up stored-value transit cards, as you can use SimpleGo to tap & Go with your card for your bus and train rides.

There are many ways to invest your money. You could invest it by opening a high yeild savings account for emergency purposes or you could invest all of it on CPF. There is also an option of dividing the money and putting half of it in your savings account and putting half in CPF. Eitherway it all depends on your current financial status and necessities.

In a joint statement, the Ministry of Law (MinLaw) and Ministry of Manpower (MOM) said that foreigners living in Singapore will be subject to new aggregate loan caps and the self-exclusion framework for borrowing from licensed moneylenders just like Singaporeian citizens. This just implies that this will better protect foreigners such as yourself residing here and your/their employers from the effects of over-borrowing.

If that is the case, you must inform your friend and warm him/her immediately because when a work pass holder is found to have borrowed from an unlicensed lender, the MOM will inform the employer and revoke the work pass. The worker will be repatriated and prohibited from further employment in Singapore.

There are different types of stock. Blue Chip Stock are the safest because they are simply shares of well-established, well-recognised, profitable, and financially sound companies.. Next is the unloved, neglecter or commonly known as Value stocks whichare priced below its fundamental value because of its unglamorous characteristics. Lastly we have the Exchange-Trade funds which is a type of fund that is traded in the stock exchange like stocks that owns a basket of assets (bonds, stocks and commodities).

The number of foreigners borrowing from lic.ensed moneylenders increased from 7,500 in 2016, the number rose to 35,000 in the first half of 2018 alone. This is one of the reasons why they changed the law. The police have also observed more foreigners here borrowing from unlicensed moneylenders

Mate I don’t think you need not worry about how it will benefit you just as long as that trading business of yours is still working but I don’t think It would be still ideal to keep holding onto it since it doesn't have its benefits, you will mainly have to liquidate your business if you choose to give up on that business, Cheers!