Saturday, October 23, 2010

TKL apps on Apple App Store

You can search for "Tan Kin Lian" in the Apple App Store and download several free apps, e.g. Tangram and Shape Quiz. These apps have a rating of 4+
The paid versions, which has 100 shapes, are also available.

Jail for Corporate Crooks

Joseph Stigliz, ex World Bank Chief Economist and 2001 Winner of Nobel prize (Economics), calls for jail time for corporate crooks and questions the wisdom behind policies favouring a few big corporations over 300 million people.

Article
Interview

These are two executive articles. I like you to read them because Singapore bas been following the bad practices that had caused the economic downfall of America - the bad behavior of the banks and the corporate sector. Although Singapore is enjoying a healthy economy now, there is the risk the continuing problems in America will hit the rest of the world and caused the next global recession. If it happens, Singapore can be hit quite hard.

Gold - view from Warren Buffett

I paraphrased here : "if you take all the gold that has been mined and sell them at current price, you can buy all the farmland in US, plus 10 Exxon Mobil, and still have $1 trillion change. Which one has better long term value?"

http://www.gurufocus.com/news.php?id=109871

Friday, October 22, 2010

Conversation with a Japanese insurance executive

I found a few interesting trends in japan that is likely to be followed in Singapore.


Transparency in insurance

SM Goh calls on insurance industry
to keep insurance protection affordable...Mr Goh said studies have suggested that Singaporeans are under-insured.
He added that the MAS would help consumers make informed decisions when buying insurance.
It will do so by working with the industry
to enhance transparency in disclosing what insurance products like a Whole Life Plan contain.
 

Regulation of Real Estate Agents

Only 6,600 applications in
as CEA comes into effect
The new statutory board set up to regulate real estate agents,
the Council for Estate Agencies (CEA), came into effect Friday.
Real estate agencies have until midnight on Friday to submit a list of their agents.
... there are about 30,000 agents in Singapore.
 

Large telephone bills

There are two letters from consumers about the large telephone bills that they received for services that they did not subscribe to, or for services that young children may incur without being aware about it. It shows the bad state of affairs in Singapore when businesses increase their profits without regard to the interest and fair treatment of consumers.
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