Micro News

Micro News

It has now been revealed that Singapore is the top 9th in the world in terms of household wealth per adult. According to research from Credit Suisse, the average wealth rose from USD $115,560 in 2000 to USD $268,800. Singapore recorded median wealth per adult of USD $108,900 and has surpassed Hong Kong…


Square tests Bitcoin buying and selling

Square Inc, a payments company, has recently announced that it has started permitting select customers to buy and sell bitcoins on its Cash app as it aims to join the cryptocurrency craze. The majority of institutional investors have steered away from the largest cryptocurrency in terms of market capitalisation,…


The technology project, Tezos, raised USD $232 million to create a cryptocurrency which does not exist and fund development for transaction operations which has no precise end date. A second lawsuit has been filed this week against the organisers of Tezos. The second lawsuit was filed in a U.S. District…


ECB criticises Brexit relocation plans

The European Central Bank (ECB) have issued warnings to banks that their plans for after Brexit are inadequate. This is due to the setting up of “empty shell” systems in the EU which are not adequately staffed. The ECB has stated in a newsletter that a considerable amount of relocation plans by banks…


Singapore’s PM Lee set to raise taxes

Singapore is said to be increasing their taxes as government spending on social services and investments continue to grow, stated Prime Minister Lee Hsien Loong on Sunday the 19th of November. At the People’s Action Party (PAP) annual convention, Finance Minister, Heng Swee Keat has said that “raising…


Cyprus: the signing of the PESCO pact

Cyprus is proud to announce the signing of the defense agreement between the majority of EU countries – Pesco pact. President Nicos Anastasiades has described the agreement as the “shield” from the unexpected “outside interventions”. Cyprus was one of the 23 EUR countries which signed Pesco, the agreement…


Four years after the fiscal and banking crisis in Cyprus, prices of property have not improved since the real estate and construction sector burst. According to sources, rents in properties have recovered since the bail-in. Due to more stringent controls on lending of Cypriot banks, the demand within…


Do you prioritise your work-life balance?

Employees in Singapore ranked their top priority as good work-life balance according to a recent Randstad Employer Brand Research 2017 Survey. On the other hand, employers had their first priority as being financially healthy and good work-life balance was 8th on their list.   The reality is that most…



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