Australian Bank Cybersecurity Breach
The Breach Details: Almost 100 staff login credentials from the Big Four banks (ANZ, Commonwealth Bank, NAB, and Westpac) have been compromised ANZ and Commonwealth Bank had "dozens" of compromised credentials each NAB and Westpac each had fewer than five compromised...
Wells Fargo’s Regulatory Cap Lifted
There has been a significant milestone for Wells Fargo - the lifting of a $1.95 trillion asset cap imposed by regulators following the bank's fake accounts scandal from the previous decade. Here are the key points: Significant Development: Wells Fargo can now pursue...
Singapore’s Crypto Regulation Tightens
New Licensing Requirement Starting June 30, 2025, digital token service providers that serve only overseas customers will be required to obtain a license from the Monetary Authority of Singapore (MAS), regardless of whether they deal with digital payment tokens or...
Singapore’s Artisanal Pizza Scene
Review of Singapore's Artisanal Pizza Scene Craving pizza? Singapore is a true haven for pizza lovers, with options to satisfy every craving and curiosity. Whether you love your base ultra-thin, thick and chewy, crisp-edged, or somewhere in between, the city offers a...
No-spend challenge insights
Analysis of Timothy Goh's No-Spend Challenge Extreme Budgeting Measures Implemented https://www.straitstimes.com/business/invest/how-a-week-of-trying-not-to-spend-money-showed-me-the-way-of-budgeting Timothy Goh tried a “no-spend challenge” after overspending on a...
Investment fraud warning
A couple hired a contractor to rebuild their house. After completion, the contractor pitched them an investment opportunity, claiming to have bought a $3 million house that would be redeveloped into two units and sold for $6 million. He offered them a 20% stake in the...
Link REIT explores a Singapore IPO
Strategic rationale: This appears to align with Link REIT's broader diversification strategy. The company has been expanding beyond traditional property management into fund management, recently hiring BlackRock's former Asia Pacific real estate head John Saunders to...
Budget Healthy Eating Guide for Singapore
Home-cooked meals are almost always more affordable than buying food from hawkers or restaurants. Preparing food at home helps you control both your spending and the ingredients you use. With rising prices due to inflation, cooking budget-friendly, healthy meals is...
Using ChatGPT to improve your finances
Key Strategy: Progressive Prompting The article demonstrates an effective technique of starting with broad prompts and then drilling down into specifics. Rather than asking generic questions, you begin with your overall financial situation and use ChatGPT's initial...
Investment scam warning signs
The Singapore Fraud Landscape: A Growing Crisis Singapore is facing an unprecedented wave of investment fraud, with Singaporeans losing a record S$1.1 billion to scams in 2024 — a staggering 70% increase from the S$651.8 million lost in 2023. The Online...