| | | | Navigating Your Financial Future | | "In this new and changing environment, Singaporeans need to become more self-reliant in their financial affairs. They must acquire the knowledge and skills to manage their day-to-day finances, make prudent investments and plan for their longer-term needs." | | - Deputy Prime Minister & Chairman of the Monetary Authority of S'pore, Mr. Lee Hsien Loong in a parliamentary address on 16 Oct 2003 | |
Financial Market Outlook
| Impact of Lehman |  Lehman Brothers, the fourth largest US investment bank, filed for bankruptcy protection after failing to find a buyer. Merrill Lynch put itself up for sale, and was bought by Bank of America. More bad news is expected from the financial sector, notably from other US brokers and insurers...
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Financial Market Outlook
| Global Economic Outlook |  Global economic activity has continued to slow, and the rate of deceleration has been more acute than we anticipated a few months ago. The oil price spike to over $140 barrel in the middle of the year helped to exacerbate the downward momentum that was already visible in a number of economies...
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FA News & View
| Wealth Rebuilding Strategy |  “But how do we know when irrational exuberance has unduly escalated asset values, which then become subject to unexpected and prolonged contractions as they have in Japan over the past decade?"
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