Senior LionGold exec sued over loan to buy stock
The executive deputy chairman of LionGold Corp, one of three companies being probed in Singapore after their shares plunged in October 2013, was sued to repay money borrowed to buy stock. Datuk Mohammed Wira Dani Abdul Daim owed Maybank Kim Eng Securities $2.6 million for LionGold shares bought in a leveraged account, according to a […]
Time to switch to a FIXED-RATE home loan?
The very real prospect of higher housing loan repayments is prompting many home owners to move to fixed-rate mortgages. These loans have rates that are set for a certain period, usually over two to five years, so customers have certainty about the level of their repayments. Many home owners are aware that the Singapore Interbank […]
Should you still get a SIBOR-based home loan?
Think of the last good dream you had. You know, like the one where you paid only $2 COE on your new car, or you were Left Shark in the Katy Perry Super Bowl halftime show? Then remember how you felt when you woke up and realised reality was still as shitty as it was […]
Malaysian billionaire Ananda Krishnan set to settle 1MDB loan ahead of deadline
Malaysian billionaire Ananda Krishnan is preparing to settle a RM2 billion (S$750,900) loan owed by troubled state fund 1MDB, four sources familiar with the matter said – a last-minute reprieve for the fund whose debt woes are pressuring the ringgit and the country’s sovereign credit rating. The development fund, which owns a large portfolio of […]
What to do about home loan as interest rates rise?
Home owners were caught by surprise last week when a key interest rate benchmark suddenly shot up after years of slumber. It was a reality check for many and a sign of things to come as the era of cheap money begins to draw to a close. Not that we are at sky-high rates yet […]