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5 C's Of Singapore
"Five Cs of Singapore" — namely, cash, car, credit card, condominium and country club membership — is a phrase used in Singapore to refer to materialism. It was coined as a popular observational joke during the 1990s about the aspirations of some Singaporeans to obtain material possessions in an effort to impress others. In comparison, the "CMPHH" — namely, coin, MRT, public parks, HDB and hawker — is a phrase used in Singapore to refer to minimalism. Overview Cash Cash refers to spending power rather than physical currency. Financial security and affluence is a status symbol worldwide and for much of contemporary human history was the measure of personal worth and success. Car Approximately 1 in 10 residents of Singapore own a car. Given high taxation on the import and ownership of motor vehicles (191% on new vehicles, an annual road tax based on engine size, and high pump prices) and a quota system requiring owners to acquire a costly Certificate of Entitleme ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cash
In economics, cash is money in the physical form of currency, such as banknotes and coins. In bookkeeping and financial accounting, cash is current assets comprising currency or currency equivalents that can be accessed immediately or near-immediately (as in the case of money market accounts). Cash is seen either as a reserve for payments, in case of a structural or incidental negative cash flow or as a way to avoid a downturn on financial markets. Etymology The English word "cash" originally meant "money box", and later came to have a secondary meaning "money". This secondary usage became the sole meaning in the 18th century. The word "cash" derives from the Middle French ''caisse'' ("money box"), which derives from the Old Italian ''cassa'', and ultimately from the Latin ''capsa'' ("box").. History In Western Europe, after the fall of the Western Roman Empire, coins, silver jewelry and hacksilver (silver objects hacked into pieces) were for centuries the only form of mo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Simple Living
Simple living refers to practices that promote simplicity in one's lifestyle. Common practices of simple living include reducing the number of possessions one owns, depending less on technology and services, and spending less money. Not only is simple living focused on external changes such as minimalism through fewer commitments or possessions but it also connects to the human's mindset and set of beliefs. These practices can be seen throughout history, religion, art, and economics. Adherents may choose simple living for a variety of personal reasons, such as spirituality, health, increase in quality time for family and friends, work–life balance, personal taste, financial sustainability, increase in philanthropy, frugality, environmental sustainability, or reducing stress. Simple living can also be a reaction to materialism and conspicuous consumption. Some cite sociopolitical goals aligned with environmentalist, anti-consumerist or anti-war movements, including co ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Today (Singapore Newspaper)
''TODAY'' is a Singapore English-language digital news provider under Mediacorp, Singapore's largest media broadcaster and provider and the only terrestrial television broadcaster in the country. It was formerly a national free daily newspaper. At its inception, Mediacorp had a 60% stake in TODAY while, Singapore Press Holdings owned 40% of ''TODAY''. The newspaper was published and distributed from Monday to Saturday. In 2017, the two media companies announced that SPH will divest its stakes in Mediacorp Press, which publishes ''TODAY'', and Mediacorp TV, which owns Channels 5, 8, U, and Mediacorp Studio. ''TODAY'' was distributed to selected homes upon subscription and for free at MRT stations, bus interchanges, selected food and beverage outlets, shopping malls among other public areas during the morning rush hour. It had a circulation of 300,000, with more than half of its readers being professionals, managers, executives and business people. It is the second-most-read ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Web Conferencing
Web conferencing is used as an umbrella term for various types of online conferencing and collaborative services including webinars (web seminars), webcasts, and web meetings. Sometimes it may be used also in the more narrow sense of the peer-level web meeting context, in an attempt to disambiguate it from the other types known as collaborative sessions. The terminology related to these technologies is exact and agreed relying on the standards for web conferencing but specific organizations practices in usage exist to provide also term usage reference. In general, web conferencing is made possible by Internet technologies, particularly on TCP/IP connections. Services may allow real-time point-to-point communications as well as multicast communications from one sender to many receivers. It offers data streams of text-based messages, voice and video chat to be shared simultaneously, across geographically dispersed locations. Applications for web conferencing include meetings, tra ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Old Money
Old money is "the inherited wealth of established upper-class families (i.e. gentry, patriciate)" or "a person, family, or lineage possessing inherited wealth". The term typically describes a social class of the rich who have been able to maintain their wealth over multiple generations, often referring to perceived members of the '' de facto'' aristocracy in societies that historically lack an officially established aristocratic class (such as the United States). United States '' Wealth''—assets held by an individual or by a household—provides an important dimension of social stratification because it can pass from generation to generation, ensuring that a family's offspring will remain financially stable. Families with "old money" use accumulated assets or savings to bridge interruptions in income, thus guarding against downward social mobility. "Old money" applies to those of the upper class whose wealth separates them from lower social classes. According to an ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Singapore Dollar
The Singapore dollar (currency sign, sign: S$; ISO 4217, code: SGD) is the official currency of the Republic of Singapore. It is divided into 100 cent (currency), cents. It is normally abbreviated with the dollar sign $, or S$ to distinguish it from other dollar-denominated currencies. The Monetary Authority of Singapore (MAS) issues the banknotes and coins of the Singapore dollar. As of 2019, the Singapore dollar is the 13th-most traded currency in the world by value. Apart from its use in Singapore, the Singapore dollar is also accepted as customary tender in Brunei according to the Currency Interchangeability Agreement between the Monetary Authority of Singapore and the Brunei Darussalam Central Bank, Autoriti Monetari Brunei Darussalam (Monetary Authority of Brunei Darussalam). Likewise, the Brunei dollar is also customarily accepted in Singapore. History The Spanish dollar, Spanish-American silver dollar brought over by the Manila galleons was in wide circulation in Asi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Monetary Authority Of Singapore
The Monetary Authority of Singapore (MAS) is the central bank and financial regulatory authority of Singapore. It administers the various statutes pertaining to money, banking, insurance, securities and the financial sector in general, as well as currency issuance. It was established in 1971 to act as the banker to and as a financial agent of the Government of Singapore. History The MAS was founded in 1971 to oversee various monetary functions associated with banking and finance. Before its establishment, monetary functions were performed by government departments and agencies. The acronym for its name resembles ''mas'', the word for 'gold' in Malay, Singapore's national language – although the acronym is pronounced with each of its initial alphabets. As Singapore progressed, an increasingly complex banking and monetary environment required more dynamic and coherent monetary administration. Therefore, in 1970, the Parliament of Singapore passed the Monetary Authority of S ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Regulation
Financial regulation is a form of regulation or supervision, which subjects financial institutions to certain requirements, restrictions and guidelines, aiming to maintain the stability and integrity of the financial system. This may be handled by either a government or non-government organization. Financial regulation has also influenced the structure of banking sectors by increasing the variety of financial products available. Financial regulation forms one of three legal categories which constitutes the content of financial law, the other two being market practices and case law. History In the early modern period, the Dutch were the pioneers in financial regulation. The first recorded ban (regulation) on short selling was enacted by the Dutch authorities as early as 1610. Aims of regulation The objectives of financial regulators are usually: * market confidence – to maintain confidence in the financial system * financial stability – contributing to the protection a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Certificate Of Entitlement
The Certificate of Entitlement (COE) is the quota licence for owning a vehicle in the city-state of Singapore. The licence is obtained from a successful winning bid in an open bid uniform price auction which grants the legal right of the holder to register, own and use a vehicle in Singapore for a period of 10 years. When demand is high, the cost of a COE can exceed the value of the car itself. History On 1 May 1990, the then transportation unit of Singapore's Public Works Department (PWD) instituted a quota limit to vehicles called the COE when rising affluence in the city-state catapulted land transport network usage and previous measure to curb vehicle ownership by simply increasing road taxes was ineffective in controlling vehicle population growth. The premise was that the small city-state had limited land resources, ie. limited supply of roads and car parks / parking lots, (with scarce land being managed to have a greater emphasis on providing an adequate supply of hom ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Golden Heights Condominium Singapore
Golden means made of, or relating to gold. Golden may also refer to: Places United Kingdom *Golden, in the parish of Probus, Cornwall *Golden Cap, Dorset *Golden Square, Soho, London *Golden Valley, a valley on the River Frome in Gloucestershire *Golden Valley, Herefordshire United States *Golden, Colorado, a town West of Denver, county seat of Jefferson County *Golden, Idaho, an unincorporated community *Golden, Illinois, a village * Golden Township, Michigan * Golden, Mississippi, a village *Golden City, Missouri, a city *Golden, Missouri, an unincorporated community * Golden, Nebraska, ghost town in Burt County *Golden Township, Holt County, Nebraska * Golden, New Mexico, a sparsely populated ghost town *Golden, Oregon, an abandoned mining town *Golden, Texas, an unincorporated community *Golden, Utah, a ghost town *Golden, Marshall County, West Virginia, an unincorporated community Elsewhere * Golden, County Tipperary, Ireland, a village on the River Suir *Golden Vale, Muns ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hawker Centre
A hawker centre or cooked food centre is an open-air complex commonly found in Hong Kong, Malaysia and Singapore. They were built to provide a more sanitary alternative to mobile hawker carts and contain many stalls that sell different varieties of affordable meals. Dedicated tables and chairs are usually provided for diners. Such centres are usually managed by a governing authority which maintains the facility and rents out stores for hawkers to ply their goods. By countries or regions Hong Kong In Hong Kong, most cooked food centres (熟食中心; or cooked food markets, 熟食市場) are either located in market complexes of residential districts, or as a standalone structure (this being the case in most industrial areas), with only a few exceptions (e.g. Mong Kok Cooked Food Market is located in the lower levels of Langham Place Hotel). Cooked food centres are managed by Food and Environmental Hygiene Department. Most of the stalls from hawker centres are converted f ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Credit Card
A credit card is a payment card issued to users (cardholders) to enable the cardholder to pay a merchant for goods and services based on the cardholder's accrued debt (i.e., promise to the card issuer to pay them for the amounts plus the other agreed charges). The card issuer (usually a bank or credit union) creates a revolving account and grants a line of credit to the cardholder, from which the cardholder can borrow money for payment to a merchant or as a cash advance. There are two credit card groups: consumer credit cards and business credit cards. Most cards are plastic, but some are metal cards (stainless steel, gold, palladium, titanium), and a few gemstone-encrusted metal cards. A regular credit card is different from a charge card, which requires the balance to be repaid in full each month or at the end of each statement cycle. In contrast, credit cards allow the consumers to build a continuing balance of debt, subject to interest being charged. A credit card ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
