When US has decided to increase the Saving Account covered by the Government from USD 100,000 to USD 250,000 (150% increased) and UK has also done the same increased the Saving Account covered by the Government from GBP 20,000 to become GBP 35,000 (75% increased)…

BUT in Singapore, Federal Reserved and Government via SDIC (Singapore Deposit Insurance Corporation) decided to stick the coverage of only still as maximum SGD 20,000.

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Is it because of the impression that people had in mind when they are comparing which country in Asian they will invest (save) their money to? Among Singapore, Indonesia, Philippines, Thailand, Malaysia, Brunei.. perhaps people will choose Singapore to place their money to…

We just hope Singapore banks will not collapse, as thousands of people who invested their money through Singapore Financial Instution to Lehman Brothers has gone uncertain about their money ever since this company collapsed.

Street71.

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