For many of us, cancelling vacations has become all too familiar. But as people begin to get vaccinated against COVID-19, the prospect of taking a trip seems a little less like a pipe dream. Certainly, it will be a while before vaccines are widely available (and even then we will need to continue certain practices to stop the spread of the virus). However, just thinking about a future getaway can yield surprising benefits. “Anticipation is such a valuable source of pleasure,” said Elizabeth Dunn, a professor in the Department of Psychology at the University of British Columbia, who has studied anticipation and happiness. I first spoke with Dunn more than a decade ago when I wrote about spending and happiness on the heels of the Great Recession. Recently, I called her again to talk about travel and the art of anticipation in light of the pandemic. The result? Practical tips from social science on how to cultivate anticipation, what type of trips to take if you want to maximise ... » Learn More about Why simply imagining your future travel plans can have some surprising benefits
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SINGAPORE: In a full-day hearing on Friday (Apr 16), Ms Parti Liyani’s lawyer crossed swords with a deputy chief prosecutor in an unprecedented bid to seek a compensation order of S$73,100 for a “frivolous and vexatious” prosecution of Ms Parti. Ms Parti, who returned to Indonesia in January , was convicted in March 2019 by a lower court of stealing items worth S$34,000 from then-Changi Airport Group chairman Liew Mun Leong and his family. The High Court overturned her conviction in September 2020 and acquitted her of all theft charges. In the aftermath, two prosecutors in charge of Ms Parti's trial at the lower courts are facing a disciplinary tribunal after Ms Parti sought an investigation into their alleged misconduct. READ: Chief Justice grants investigation into Parti Liyani's complaint of misconduct against prosecutors The sum of S$73,100 that Ms Parti is seeking includes salary losses of S$37,500 over 50 months, "ang paos" or red packets, pay increments and ... » Learn More about Parti Liyani’s lawyer crosses swords with deputy chief prosecutor in unprecedented compensation bid
You were probably told to buy insurance policies, but did you know that you can also sell insurance policies? Understandably, certain situations that arise may cause you to consider terminating your insurance policy. For example, you may be in need of cash urgently, and/or can no longer sustain the policy. Other times, circumstances such as divorce or retrenchment may be the reasons why you may need to give up your policy so that you may split your assets and re-plan your finances respectively. Another possibility is that your policy has reached a break-even point (i.e. cash value of policy = premiums paid), thus you wish to discontinue it. This is especially if the insurance coverage does not seem to be as desirable anymore. To terminate or discontinue your insurance policy, you generally have two options: Surrender your policy; or Sell your policy. This article will discuss the sale of insurance policies in Singapore. WHAT HAPPENS WHEN I SELL MY INSURANCE POLICY? ... » Learn More about Here’s how you can sell your insurance policy in Singapore
People line up outside a newly reopened career center for in-person appointments in Louisville, U.S., April 15. The U.S. economic recovery is accelerating as stimulus money, Covid-19 vaccinations and business re-openings spur a spring surge in consumer spending, a sharp pullback in layoffs and a bounceback in factory output. Retail sales -- a measure of purchases at stores, at restaurants and online -- jumped 9.8% in March, the Commerce Department reported Thursday. The gain in consumer spending -- the biggest driver of economic activity -- came as the government began distributing hundreds of billions of dollars of stimulus funds to households. It was the largest monthly gain since last May, during the initial recovery from lockdowns early in the Covid-19 pandemic. Separately, nearly 200,000 fewer workers filed for initial unemployment benefits last week. Jobless claims, a proxy for layoffs, fell to 576,000 last week from 769,000 a week earlier, the Labor Department said. While ... » Learn More about U.S. Economy Ramps Up on Spending Surge, Hiring Gains
What is a tenancy? A tenancy has the legal effect of transferring an interest in land from the landlord to the tenant. It means that for a certain term at a determined rent, the tenant has exclusive possession of the premises. Typically, the duties of the landlord and tenant are found within the terms of the tenancy agreement . A breach of any of these terms potentially leads to the termination of the tenancy, resulting in several types of remedies available for both landlord and tenant. Types of tenancies in Singapore In Singapore, tenancy takes the form of leases or licences. A lease is not the same as a licence. A lease gives the tenant a proprietary interest in the land. A licence is only a personal arrangement between two parties, where the landlord has given the tenant a personal permission to use the premises for a short period of time. A lease offers the tenant the common law rights of assignment to a third party (depending on the property) and is capable for ... » Learn More about What you should know about tenant-landlord rights in Singapore
Parties to a divorce are impacted financially in two primary ways: The division of their matrimonial assets The order for maintenance payments that the court may make. In each, the law sets out provisions that the court is required to take into consideration. 1. What assets are considered matrimonial property? Matrimonial property includes the following: All assets bought during the course of the marriage; Assets bought before the marriage by one or both parties and used by both parties and their children while the parties are living together; or Assets bought before the marriage by one or both parties which has been substantially improved during the marriage by either or by both parties. Examples of matrimonial assets include the marital home, family car, insurance policies, shares, cash savings, Central Provident Funds (CPF) and jewellery – all of which can potentially be divided between the parties in the event of a divorce. Exempted matrimonial assets are ... » Learn More about 3 finance questions to ask before a divorce
Are you wondering if your assets would be charged for tax after you die? Not in Singapore — if you die on or after Feb 15, 2008. WHAT IS INHERITANCE TAX? Inheritance tax, also known as estate duty in Singapore, is the tax charged on the total market value of the assets of someone who has died, at the date of the death and regardless of whether there is a will. A deceased person's assets are referred to as the estate. An estate includes the following: Everything owned in the deceased's sole name, or jointly owned with others; Gifts made within 5 years before the deceased's death; Gifts made anytime from which the deceased retained some benefits. For example, if the deceased had been collecting monthly rental income from a house that was given to someone else, the house is included as part of the deceased's estate Assets held in trust which personally benefited the deceased, such as a bank account that was held in trust for a minor. IS INHERITANCE TAX THE SAME AS THE ... » Learn More about Is inheritance tax payable when you die in Singapore?
SINGAPORE - As students of all levels returned to school this past week, it was announced that home-based learning (HBL) is here to stay. Education Minister Ong Ye Kung said recently that online learning is set to become routine, suggesting that HBL could be held once a fortnight, for starters. Amid the coronavirus pandemic , HBL was rolled out nationwide after schools shut in April. After the circuit breaker to stem the spread of Covid-19 ended on June 1, most students in primary and secondary schools alternated between being physically in school and HBL, on a weekly basis, for a month. Now that the weekly rotation is over, it is timely to assess what lessons were learnt from the big HBL experiment and its chief benefits that can also be reaped in the physical classroom. Educators interviewed by The Straits Times say virtual and classroom learning are two distinct beasts, but there are useful synergies between the two, which, when combined, could lead to students ... » Learn More about Home-based learning: What have we learnt from the great HBL experiment?
MOSCOW: Russia on Friday responded to a barrage of new US sanctions by saying it would expel 10 US diplomats and take other retaliatory moves in a tense showdown with Washington. Foreign Minister Sergey Lavrov also said Moscow will add eight US officials to its sanctions list and move to shut down those US nongovernment organizations that remain in Russia to end what he described as their meddling in Russia’s politics. The top Russian diplomat said the Kremlin suggested that US Ambassador John Sullivan follow the example of his Russian counterpart and head home for consultations. Russia will also move to deny the US Embassy the possibility to hire personnel from Russia and third countries as support staff, limit visits by US diplomats serving short-term stints at the embassy, and tighten requirements for US diplomats’ travel in the country. On Thursday, the Biden administration announced sanctions on Russia for interfering in the 2020 US presidential election and involvement in ... » Learn More about Russia to expel 10 US diplomats in response to Washington
There have been recent media announcements about the Pasig River Expressway, also known as Parex — a proposed 19.37- kilometer six-lane elevated expressway running the length of the Pasig River, with an estimated cost of P81.5 billion. According to the media reports, the toll way project of San Miguel Corp. was approved in August 2020 by the Tollways Regulatory Board. Is this what we need at this time? And have we considered what we would be sacrificing in the process? For decades, the popular response to traffic has been more roads or wider roads. This approach has failed. The painful lesson is that roads designed mainly for the use of cars actually diminish mobility for all — they end up attracting greater motor vehicle use leading to more road congestion (a phenomenon known as “induced demand”). The proponents of the Parex project claim that it can move up to 120,000 cars a day; it is described as the “ultimate solution to traffic.” But we have heard this “promise” many times ... » Learn More about Do we really need a Pasig River expressway?