Singapore's strong points are now diminishing

Singapore had a few strong points for the past decades - an honest soceity and a clean and safe environment. These points have been eroded in recent years. We now see:

• stabbing incidents 
• blatant cheating in the financial sector - land banking, scams, lies in marketing
• flooding 
• fires in HDB flats

What is happening?

We have a large increase in population, with many foreign workers living in Singapore. Singapore is getting crowded, adding to stressful living. Some people could not find jobs to make a living, so that have to resort to other means. 

We do not have adequate people in the police force, fire service and other public services. Many people prefer to work for the financial sector which pays well (and they can pay well as they are making huge and unjustified profits from ignorant consumers!)

Is this the future that we want?

Tan Kin Lian

Singapore Democratic Party

The SDP is putting in a lot of effort to prepare for the General Election. Visit their website to see what they are doing.

Temasek Review and Temasek Holdings

Temasek Holdings have written to the founder of Temasek Review to ask him to stop using the name of Temasek.  Read more of this matter in www.easyapps.sg/sgep/latest.aspx.

Misleading statements

Here are some of the misleading statements used by insurance agents to sell life insurance policies to consumers. These consumers actually give poor values, but the agents were able to mislead the consumers by pointing out to the wrong figures and giving the wrong explanation to the figures. Most consumers were ignorant and easily "taken by a ride". Sometimes, the agent tell a deliberate lie. In some cases, they were new agents and were misled by their agency managers - and they sincerely believed that they were making a good recommendation to their friends.

www.tankinlian.com/latest.aspx

Investment Tips - Garett Goh

Garett Goh (teacher) shares his personal experience about investing in low cost funds.

www.tankinlian.com/latest.aspx

Direct link

Invest in Chinese yuan

Dear Sir,
I have an amount around 1.5k. I am currently a tertiary student studying in NUS. Is it advisable to invest in chinese yuan now? How do i invest in such currency? By buying from the bank?

REPLY
It is not worth the trouble to speculate in the Chinese yuan.
You have to open a bank account in China and transfer money there.
It is not easy and quite costly.
Keep your money in SGD which is one of the strongest currency in the world now.

Read my FAQ about "Invest in Foreign Currency" in www.tankinlian.com/ask.aspx
Direct link to FAQ

Third party motor insurance

If your car is more than 5 years old, you may find it beneficial to insure it under a third party insurance policy and save 30% to 50% of the premium.

Read this FAQ
www.tankinlian.com/latest.aspx.