Sep 30, 2024

Iswaran, a former transport minister, has pleaded guilty to charges that were supposed to go to trial and is set to be sentenced on October 3rd. There has also been a rise in scam cases in Singapore, with a total of 26,587 cases reported and at least S$385.6 million lost, a 24.6% increase from the previous year. Overall scam cases in Singapore between January and June rose by 16.3% compared to the same period last year.

On the investment front, there is a discussion about the best mortgage rates to pick today, with options including a fixed rate at 2.50% with the option to reprice after 12 months, and a higher rate at 2.75% with free conversion after 12 months. The response to this question has been described as “tricky” due to current Fed action.

In addition, there is interest in understanding how to get a 5.5% yield buying bonds in 2024, with questions about whether it’s a good buy with falling interest rates. This has resulted in a request for a deep dive into bond funds for retail investors.

Overall, it seems that there are significant developments in the financial and investment sectors, as well as concerns about rising scam cases in Singapore.

Stay Well!