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I support $250K p.a minimum wage for all table wipers in SG. Then you no need so siong every month selling lolex.

I very long didnt wipe tables already, J&R.

Selling Rolex can easily be more enjoyable than table wiping.

Except that once i got no more to sell, then very xiong already....muayhahaha

Edited by Throttle2
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upgraders with 25 years loan on their assess

living in a mickey mouse $1.26M ulu condo = HNWI? muahahahaha

Anyhow quote. It's only accredited investor not HNWI.

 

If got that condo plus 250k or more to place in a risky position, it Iis a group that does not need to be protected totally.

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unless Ms Tham got multiple properties.

if this ulu suburban condo is the only property for living and worst if it still have 15-20 years loan ... it's a liability

a value of a car? walao ... a Panamera pay full cash is it?

highly doubt so. if yes, it's definitely not an appreciated asset lor

if both property and car are liabilities ... then categorised as "wealthy investors" simply because of $250K cash?

after dbs selling lehman toxic mini-bonds i thought the bank has tighten "risky" investment. apparently not lor.

anyway, bank and investment institution is to make money ... they can call everyone in hdb (hdb also got $1M hor) driving bmw/merc/audi are "wealthy investors" ... no need protection liao ... huat ah!

 

if Ms Tham invest $250K of her $700k cash (Enye standard)  or may be $1M cash ... then why she complain?

no risk no gain what ... high risk high gain ... that's the game she want to play

if she invest $250K of her $250K cash ... "look rich on paper" as quoted above ... good luck

 

Based on her financial profile and investment priorities — her need for S$150,000 to pay university fees — a local branch of HSBC Holdings had initially categorised her as a “medium risk” investor. But because the value of her property and car entitled her to “accredited” status, a category reserved for wealthy investors, Ms Tham says she was persuaded to take a riskier path. She agreed to invest S$250,000 in the bonds of a small Singapore energy-services company, Swiber Holdings, which said in August that it won’t be able to repay its bondholders.

Edited by Wt_know
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who can resist the lure of being recognised as a wealthy person by the bank and have RMs pandering to you(r money)? very got face when can tell the colleagues my RM say this or invest in that...

 

heng I peasant no money or assets, no banks will notice me

 

 

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no worries bro

entire MCF family notice you ... ultra wealthy investor ....

$700k cash under the pillow ... but never reveal how many pillows in the house ...

Edited by Wt_know
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no worries bro

entire MCF family notice you ... ultra wealthy investor ....

$700k cash under the pillow ... but never reveal how many pillows in the house ...

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$700k under the pillow ... then won't be sleeping too well, cos pillow too high le lah, neck pain :D

Wah you tried before that's why you know ...

 

I dunno how it feels leh can tell me how uncomfortable it is?

 

 

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upgraders with 25 years loan on their assess 

living in a mickey mouse $1.26M ulu condo = HNWI? muahahahaha

 

Even pinnacle is 1.1mil for 5rm flat for HDB.

 

I think have to revised liao.

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$700k under the pillow ... then won't be sleeping too well, cos pillow too high le lah, neck pain  :D

 

Use the old 10,000$ note. Only 70 notes required leh.

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Creditors seek winding up of two Otto Marine Australian units

 

.....

 

SINGAPORE - Mainboard-listed Otto Marine said on Monday morning (Sept 26) that two of its Australian subsidiaries are facing winding up applications from creditors claiming a total of A$787,204 (S$815,380) from the offshore shipbuilder and vessel operator.

 

The three creditors have filed three applications with the Supreme Court of Western Australia to wind up Go Inshore Pty Ltd and Go Marine Group Pty Ltd, Otto Marine said in a filing with the Singapore Exchange.

.....

It is also in the midst of a takeover offer by its executive chairman, Malaysian tycoon Yaw Chee Siew. Mr Yaw offered 32 Singapore cents per share to take the company private in June.

 

If he succeeds, Otto Marine will become the first company from the hard-pressed sector to be delisted.

.....

http://www.straitstimes.com/business/companies-markets/creditors-seek-winding-up-of-two-otto-marine-australian-units

 

 

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One of Swiber's international competitors just announced that they are closing their Singapore branch today. At the peak, they had around 500-600 employees in SG.

 

Part of their internal msg:

 

"As you are all aware, xxx Group's business prospects in Singapore continues to be bleak and xxx Singapore Pte Ltd will not have any new project to support in Singapore. Therefore due to redundancy of jobs, we regret that xxx Corporate has decided to conduct a major retrenchment exercise in xxx Singapore Pte Ltd releasing most of the employees".

 

 

 

Wonder how long Erza can survive.

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One of Swiber's international competitors just announced that they are closing their Singapore branch today. At the peak, they had around 500-600 employees in SG.

 

Part of their internal msg:

 

 

Wonder how long Erza can survive.

 

 

simi xxx company???

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Dun post coy name better la.

hint leh....

 

shouldn't matter coz it will be public knowledge soon

One of Swiber's international competitors just announced that they are closing their Singapore branch today. At the peak, they had around 500-600 employees in SG.

 

Part of their internal msg:

 

 

Wonder how long Erza can survive.

 

oh ok...I found out

 

Saipem....this one everyone expected anyway

Edited by Blacksnow
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