Philip Chua Business Blog

Posts Tagged ‘life’

With the New Year upon us, we see the circle of life that is likely to define the U.S. economy and markets through 2010. The U.S. labor market was much weaker than expected in December. While we did get a positive print for November after revisions, this paled in comparison…

(SINGAPORE) The Monetary Authority of Singapore (MAS) is seeking sweeping new powers to seize insurers in distress and to supervise their liquidation to protect policyholders.
It also wants to raise the limits on the compensation offered by the policy owners’ protection fund (PPF) schemes for both life and general insurers, to better protect policy owners.
The PPF schemes were introduced in the In… more

Unemployment has caused major life changes and mental health issues for millions of Americans, a New York Times/CBS News poll found.









Mental health – New York City – Health – Unemployment – United States

For Lawrie Covey and millions of other unemployed workers, life remains a day-to-day struggle. Instead of working on RVs in a factory, she may soon be living in one.

Unemployment – Business – Financial services – Health – Insurance

SINGAPORE’S life insurance industry marked a second consecutive quarter of recovery with $426 million of total weighted new business premiums in the third quarter, placing the industry near levels before the global recession.
While this is a tad lower than the weighted new business premiums of $444.8 million in the third quarter of last year, it is a jump of 40 per cent from the second quarter and… more

GLOBAL economies may have taken a beating in the past 12 months, but the crisis could have the unintended outcome of prolonging the life of Mother Earth, a new survey shows.
According to a study commissioned by German technology conglomerate Siemens, investments in more environmentally friendly technologies are set to increase as green shoots of growth emerge after a year-long recession.

The stu… more

LIFE insurers have been warned to stamp out questionable recruitment practices – a move that is set to bring direct benefits to policyholders.
One key problem that the Life Insurance Association (LIA) aims to crack down on, by imposing stern penalties, is the mass poaching of rival agents.
If life agents switch employers, there is greater potential risk of policy ‘churning’.
This is when clients l… more

Reuters – Yahoo Inc beat Wall Street’s profit and sales expectations as spending by advertisers showed signs of life in the third quarter and as months of cost-cutting and restructuring boosted the Internet company’s bottom line.

It has been a busy month at the Central Provident Fund (CPF) Board.
Members have been flooding its offices and phone lines with questions about the new CPF Lifelong Income Scheme For The Elderly (CPF Life), which was opened last month to those aged 55 and above.
Almost 30,000 people have walked into its five service centres to ask about the scheme, said Mr Tey Chee Keong, deputy director of CPF Bo… more

‘Markets today are pricing in a V-shaped recovery and they have to start pricing in a U-shaped recovery, so the fourth quarter or first quarter could see a correction.’
IT’D be fair to say that rarely has the interplay between economics, the stock market and real life been thrust into focus as it is now. In the US, brokers and economists continue to debate the shape of the recovery which, to date… more