Singapore Insights

Credit card debts seems to be on the rise in Singapore during the current economy downturn. According to a Straits Times article credit card debt hit $3.4 billion last December.
The number of credit cards rose 11 per cent in the last year, but rollover balances jumped more than 13 per cent. Rollover balances refers to [...]

Recent reports from DBS has suggested that the current economic crisis could cost Singapore 99,000 jobs. According to the report, it is expected that there the unemployment crisis which will stretch into 2010 and is likely to hit 4.8 percent this year and reach a peak of 5.0 percent by the middle of 2010.
Labour markets [...]

It was said last November that $40mil would be spent on a “make over” project for our famous shopping street. Then earlier this month, a newspaper report mentioned that Paragon is on the verge of completing its $45mil facelift of its own. And now, the new Ion Orchard that promises to bring about a whole [...]

The sexual saga between the female teacher and her teenage male student finally came to an end yesterday. District Judge Sarjit Singh passed the verdict that the female teacher was to be jailed for 10 months for having sex with an underage boy.
The woman could have been jailed up to 10 years and fined, but [...]

After the launch of Apple’s iPhone in Singapore, many have been speculating about HTC Dream being the next “big thing” in town. From our earlier post, Singtel has already announced that it will be the sole distributor for the HTC Dream in Singapore.

Good news though is that Singtel has already launched the HTC Dream as [...]

Nothing related to Singapore, but its a really cool video I came across. Simple, yet cool. Enjoy!

Can’t believe another person was hit again at an MRT track. Today’s papers reported that an elderly lady was hit by the train early Tuesday morning, at the Clementi Station. Ironically, (maybe in-humanly) the article talks (boasts) about how SMRT resolved the issue by activating bus services between the disrupted stations, and trains were detoured [...]

With the 81st Annual Academy Award (The Oscars) coming to a close today, Singapore has seen some huge movies of 2008 claiming the credit they should have gotten. Of which those worth naming are:

Actor In Leading Role: Sean Penn (MILK)
Actress In Leading Role: Kate Winslet (The Reader)
Best Picture: Slumpdog Millionaire (bagging a total of 8 [...]