Philip Chua Business Blog

Posts Tagged ‘cash’

CASH registers rang loud and clear during this year's Great Singapore Sale (GSS), according to MasterCard. Total spending by local and tourist MasterCard holders jumped 28 per cent year- on-year to $1.21 billion. Total transactions by MasterCard holders were also higher during the two- month GSS from May 28 to July 25. They rose 18 per cent year-on-year to 7.2 million. 'This year's GSS shows rebou... more

THE financial market rebound has put a spring in the step of Singaporeans. They are now showing a greater willingness to take risks with their money.
Investors who had sought refuge in cash and steady yield products like bonds are now looking for higher returns and ways to better grow their wealth, according to a new Citibank survey.
It found that 44 per cent of people who stopped investing in the… more

The government is providing a fresh $3.8 billion cash infusion to stabilize GMAC Financial Services as it struggles with hefty losses in its home mortgage unit.









Wall Street Journal – GMAC – Administration of federal assistance in the United States – GMAC Financial Services – Business

The deal would be the second-largest upfront cash recovery from a company accused of backdating stock options, a plaintiff’s lawyer said.

Maybe, or maybe not.
It’s what a lot of experts are saying, and it’s what some of us who work at FSM believed will happen. So we liquidated a part of our portfolios and kept some cash, some of us as early as June 2009, and we waited for the correction to come so that we would have some cash to buy in when share prices fell.
… more

A DECADE ago, investor Lui Chee Meng sank $30,000 into what he thought was a safe blue-chip company backed by Temasek Holdings.
Now, he has lost almost all the cash he put into Chartered Semiconductor Manufacturing, the world’s No. 3 chipmaker.
The loss made him so angry that he voted against the $5.6 billion acquisition of Chartered by a Middle Eastern fund.
But the sale went through anyway, as o… more