When people think about poverty, it is often viewed in the context of money. How much does he earn? Is it enough for the family? But in the course of speaking to people from low-income households last week for a…
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A TERTIARY education, average or even above-average income but crushing credit card or other unsecured debt of at least two years’ worth of annual pay. That is the typical profile of an estimated 32,000 people in Singapore who are affected…
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The Monetary Authority of Singapore (MAS) will phase in a tighter limit on credit card debt and other unsecured credit facilities over four years so as to give affected borrowers more time to cut their debt. MAS said the decision…
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Malay households in Singapore may be earning more money now, but they are also spending more. As a result, their debt situation, while not alarming, is a cause for concern, said Mr Azmoon Ahmad, chairman of the Association of Muslim…
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Debt collectors caused a scene at a foodcourt in Funan Mall two days in a row while trying to collect $21,000 owed by a stall owner. The police was called in on at least one of the days, reported The…
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