Case Study: Thomas Cook plc, A lesson to be learned
The oldest Travel Agent 178 years collapsed and went into administration in the UK on 23rd September 2019. It was founded in 1841 in Leicestershire by Thomas Cook a cabinet-maker. Prior to the collapse, it’s revenue was £9bn, it had 19 million customers, 22,000 staff in 16 countries. What happened? Thomas Cook which is German-owned…
Read more
POSTED BY
Paul Wan, FCA
Singapore GDP Update – September 2019
On 13th August 2019, Singapore’s Ministry of Trade and Industry slashed it’s 2019 GDP forecast to zero to 1% -this is in contrast to the forecast of 1.5% to 2.5%. With the expected continued decline in the economy, Singapore is in a technical recession. In our earlier write up we predicted that the challenges are…
Read more POSTED BY
Paul Wan, FCA
New S$75m grant to enhance Singapore as an enterprise financing hub
Singapore, 14 January 2019 – The Monetary Authority of Singapore (MAS) will launch next month a new S$75 million Grant for Equity Market Singapore (GEMS). Announcing this at the UBS Wealth Insights conference today, Mr Heng Swee Keat, Minister for Finance and MAS Board Member, highlighted Singapore’s vision to serve as Asia’s centre for capital…
Read more
POSTED BY
Wan Wei Han
Singapore Economic Outlook: Mar 2019
Singapore’s GDP Grew by 1.3 in the First Quarter of 2019 compared to 1.9 % growth in the fourth quarter of last year- The decline was not unexpected given the GDP 2018 was 3.2% versus GDP 2017 of 3.7%. China, Malaysia, EU, USA,HK and Taiwan were the main trading partners. The overall trend will continue to be very challenging given all…
Read more POSTED BY
Paul Wan, FCA
Singapore Budget 2019 – Others
NAVIGATION Reduction Of Greenhouse Gas Emissions Restructuring Diesel Taxes Road Tax Rebates And Grants For Commercial Diesel Vehicles Tightening Of Duty-Free Allowance For Liquor Products 1 – REDUCTION OF GREENHOUSE GAS EMISSIONS Carbon TaxAs announced in last year’s budget, the carbon tax on the emission of greenhouse gases (GHG) to reduce carbon emissions will…
Read more
POSTED BY
