Monthly Archives: August 2014

Reduce and Benefit

Posted on August 12, 2014 by limkimtong

We used to buy paintings and have them framed. Over the years, we collected a fair amount of paintings – Chinese brush paintings, oil paintings, water colour paintings. Our home only has that many walls and we cannot put up … Continue reading →

Posted in Life Journey, Living Tips | Leave a comment

Disruptive Idea – Set up a Ministry for Small Businesses (MSB)

Posted on August 11, 2014 by limkimtong

When I was in Taiwan, I saw small businesses thrive. These business owners continue to operate successfully. Taiwan’s night markets are well known to tourists. I wonder whether Singapore can follow suit and encourage individuals to strike out on their … Continue reading →

Posted in Social Issues | Leave a comment

“The first phone call from heaven” by Mitch Albom – A Book Review

Posted on August 10, 2014 by limkimtong

This novel by Mitch Albom had been out since 2013. I only get to read it recently. Like his earlier books, Mitch Albom’s latest was such a hit with readers. It was so wonderfully written with a story that touches … Continue reading →

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Foreign workers constitute 25% of total population. This is significant.

Posted on August 7, 2014 by limkimtong

One in four of population is a foreign worker in Singapore. Total population in Singapore was 5,399,200 last year. Of which, 1,320,000 were foreign workers making up 25% of total population. Ministry of Manpower reported that as at the end … Continue reading →

Posted in Social Issues | 1 Comment

What I treasured most being a Singaporean?

Posted on August 5, 2014 by limkimtong

Singapore 49th National Day is this Saturday and is celebrating 50 years of independence in 2015. I was born here and live my life as a Singapore citizen since 57 years ago, two years after self-government. Both my parents are Singapore … Continue reading →

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Second quarter results for DBS, OCBC and UOB

Posted on August 5, 2014 by limkimtong

All three local banks had released their second quarter results covering 1 April to 30 June 2014 (Second Quarter 2014). Net Profits Y-o-Y Change NAV/RNAV Dividend DBS $969 m + 9.0 $14.32 28 cents OCBC $921 m + 54.0 $9.23 … Continue reading →

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How much to live on during retirement?

Posted on August 3, 2014 by limkimtong

A young lady wanted $10,000 per month when she retires. She was captured saying that on a CPF Board corporate video shown during the recent talk by CPF. That can’t be right. Say she retires at age 60 and live … Continue reading →

Posted in Retirement Planning | 1 Comment

Share prices of UOB, DBS and OCBC shot up and then declined

Posted on August 1, 2014 by limkimtong

On 24 July, I wrote a blog titled: Is it time to sell banking stocks? The share prices of all three banks rose yesterday (31 July) with DBS rising 40 cents on intra-day high. DBS’ share price then settled to … Continue reading →

Posted in Financial Management | Leave a comment