Subscribers of M1 and Singtel can call a taxi by sending a SMS with TAXI (6 digit postal code) to 79797. For example, if your home is at postal code 809744, you can send TAXI 809744.
Subscribers of Starhub do not need to send the postal code, as their location can be picked up automatically. But, they can also send the postal code if they wish.
The taxi booking fee is $1.50 (off-peak hours) and $2.50 (peak hours). This system is on trial for the next few weeks.
More details in www.easysearch.sg/tabs
Tan Kin Lian
Friday, April 30, 2010
Cost of living
Read this article by Seah Cheang Nee.
My comment
The big swings in the economic performance is bad for most people who watch on the sidelines and see prices move beyond their comprehensive, let alone control. However, they do benefit the wealthy, who can afford to make more profit.
My comment
The big swings in the economic performance is bad for most people who watch on the sidelines and see prices move beyond their comprehensive, let alone control. However, they do benefit the wealthy, who can afford to make more profit.
Investors of Pinnacle Notes
I am told that several series of Pinnacle Notes have gone burst and the remaining series are nearly burst, i.e. market value less than 1%. Regardless of the series that you hold, you can join the legal action to sue Morgan Stanley in US Courts. This is done on a contingency fee basis, i.e. the US lawyer will only charge their fees and expenses, if the case is successful. You do not need to pay any fees, if it is unsuccessful.
Send an e-mail to tkla.km@gmail.com giving your name, e-mail address, mobile phone, series and amount invsted.
Send an e-mail to tkla.km@gmail.com giving your name, e-mail address, mobile phone, series and amount invsted.
CPF Life Annuity
Dear Mr. Tan
I read an article (link from your blg) about the pros and cons of annuities. It seems that the cons are overwhelming. What is your opinion about CPF Life annuity?
REPLY
The cons apply mostly to annuities sold by comercial insurance companies, where the charges are high and the consumer does not get a fair return on the annuity. These negative points do NOT apply to CPF Life, as it is runned on a mutual basis (i.e. the CPF does not run it to make a profit), and any surplus is distributed fairly among the annuitants.
This is explained in my book, Practical Guide on Financial Planning. You will also find other tips that are benefiicial to people approaching retirement.
I read an article (link from your blg) about the pros and cons of annuities. It seems that the cons are overwhelming. What is your opinion about CPF Life annuity?
REPLY
The cons apply mostly to annuities sold by comercial insurance companies, where the charges are high and the consumer does not get a fair return on the annuity. These negative points do NOT apply to CPF Life, as it is runned on a mutual basis (i.e. the CPF does not run it to make a profit), and any surplus is distributed fairly among the annuitants.
This is explained in my book, Practical Guide on Financial Planning. You will also find other tips that are benefiicial to people approaching retirement.
Compensation for Pinnacle Notes
Hi Mr Tan,
I have purchased $10k of Pinnacle Notes Series 7. The current value is 0.01% I was offered 30% compensation. Should I accept or reject the compensation? Can I join the legal action after accepting compensation?
REPLY
You should accept a flat 30% compensation, WITHOUT handing over your notes, and WITHOUT deduction of interest. If interest is deducted, then the net compensation is quite small, so there is no point in getting this compensation. If you get compensation, you can still join the class action, but you must still hold the notes. Don't hand it over to the distributor.
I have purchased $10k of Pinnacle Notes Series 7. The current value is 0.01% I was offered 30% compensation. Should I accept or reject the compensation? Can I join the legal action after accepting compensation?
REPLY
You should accept a flat 30% compensation, WITHOUT handing over your notes, and WITHOUT deduction of interest. If interest is deducted, then the net compensation is quite small, so there is no point in getting this compensation. If you get compensation, you can still join the class action, but you must still hold the notes. Don't hand it over to the distributor.
Renewal of motor insurance
Hi Mr Tan,
I have 2 cars under my name. The first car was borrowed to a friend who then disappeared together with the car. I filed a claim for total loss. The second car was involved in an accident while going straight. Another car beat the red light and crash onto my car. This case is still being pending investigation. According to a witness on site, the other car is at fault.
Due to the claim for total loss, I am not able to renew the insurance from any insurer as the road tax is overdue. Can you advice me on what to do?
REPLY
You can buy third party insurance, which covers only claims by third party. It will not cover damages or loss of your vehicle. You can take the risk on your own. Your insurance compnay should be prepared to insure you on third party insurance. If not, you can try a few other insurance companies. If they all refuse, you can seek assistance from the Land Transport Aurhority and MAS.
I have 2 cars under my name. The first car was borrowed to a friend who then disappeared together with the car. I filed a claim for total loss. The second car was involved in an accident while going straight. Another car beat the red light and crash onto my car. This case is still being pending investigation. According to a witness on site, the other car is at fault.
Due to the claim for total loss, I am not able to renew the insurance from any insurer as the road tax is overdue. Can you advice me on what to do?
REPLY
You can buy third party insurance, which covers only claims by third party. It will not cover damages or loss of your vehicle. You can take the risk on your own. Your insurance compnay should be prepared to insure you on third party insurance. If not, you can try a few other insurance companies. If they all refuse, you can seek assistance from the Land Transport Aurhority and MAS.
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