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Brandon Ho

1 x kopi-o-kosong please

Brandon Ho

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Community Lead at Seedly

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Community Lead at Seedly

Brandon Ho

Top Contributor

Community Lead at Seedly

  • Answers (72)
  • Questions (4)
  • Reviews (5)

Union Power

Hi Anon, We already have a thread for Union Power Promo Codes here, do check it out! You can use the new "Follow" button on the question to get notified if there are any new answers posted on that question, so you can be notified if any new Union Power promo codes are posted! All the best, and hope this helps!
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COVID-19

Economics

Career

Investments

Stocks Discussion

Hi Anon, We've already got a question thread regarding this topic here, do check it out! Just to summarise some of the sentiments on the other question thread, the S$48 billion that was drawn from Singapore's reserves is definitely needed to help cushion the economic impact of the virus on Singapore's economy. Whether or not the Resilience Budget is enough is yet to be seen, but the swift response from the government so far has been encouraging, and we know that they won't hesitate to draw more from the reserves if required.
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COVID-19

Economics

Investments

Career

Hi Anon, The Resilience Budget worth S$48 billion is indeed a massive one, and I believe that there are multiple factors have led to this. Singapore's Current Economy First and foremost, the government has to respond drastically to the current economic situation in Singapore. ! Economic data released on Thursday morning showed how Singapore's gross domestic product fell an annualized 10.6% in the first quarter from the previous three months, with our economy shrinking 2.2% in the first quarter of this year . The country is expected to be heading for a full-year recession- its first in two decades. The Ministry of Trade and Industry downgraded its 2020 growth forecast to a range of -4 to -1 per cent. All this does not bode well for Singapore's economy, and it's imperative that the government provides support for businesses and Singapore's citizens. 2008 GFC I believe that the government has learnt its lesson from the Global Financial Crisis of 2008, whereby Singapore ended up becoming the first East Asian Country to slip into a recession. It was only after the government sought permission for the President to dip into our national reserves in 2009 -$4.9 billion; that Singapore's economy began to slowly recover. It was this act that helped to significantly cushion the effects of the recession, and sparked the slow but sure recovery of Singapore's economy. Ultimately, Singapore was ranked as the world’s fourth most dynamic city post-recession in the 2010 Global Metro Monitor Report, which was commissioned by the Brookings Institution's Metropolitan Policy Program, and provided an overview of the recent economic performance of 150 global metropolitan cities post the Great Recession. Hence, I believe that the government understands the need for drastic action, and want to try and cushion the economic effects of the pandemic as soon as possible. Elections As you mentioned, I believe that the upcoming elections are a factor that has made the response from the government this drastic. Just yesterday, Teo Chee Hean said in parliament that delaying elections and having the president form a caretaker government are both “unconstitutionally unworkable” proposals- it seems that the PAP is determined to go ahead with the elections. This could be due to them seeing the Covid-19 pandemic as an opportunity to further their credibility as our lawmakers, and as an opportunity to win the younger generations over- the Gen Zs who are coming of age. This is a double-edged sword in my opinion, but I personally think that the government's responses have been more than decent, from the containment of the disease to their efforts to reduce the strain on the economy. We shall see if this continues to be the trend, but so far I think they've done well in the handling of the current situation. Do let me know if you agree or disagree with my views!
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COVID-19

Career

Economics

Family

Lifestyle

Hi Anon, The government recently unveiled it's second stimulus package of S$48 billion to fight the economic effects of the coronavirus outbreak, and will be in addition to the previous S$6 billion Unity Package ! Economic data released on Thursday morning showed how Singapore's gross domestic product fell an annualized 10.6% in the first quarter from the previous three months, with our economy shrinking 2.2% in the first quarter of this year . The country is expected to be heading for a full-year recession- its first in two decades. The Ministry of Trade and Industry downgraded its 2020 growth forecast to a range of -4 to -1 per cent. DPM Heng said during his address to parliament that "Our resilience as a country, as a society, is being put to the test as we face our biggest challenge in more than a decade." Some highlights of this second stimulus package are: - $4 billion package to keep workers in jobs and help companies with cash flow - $1.6 billion for a one-time payout for Singaporeans aged 21 and above, between $$300-$900 each - $800 million to support front-line agencies fighting the outbreak. - Scrapping of property tax for virus-hit hotels, restaurants and shops - Expansion of wage support for businesses, including extra support for those in food services, aviation and tourism industries - Direct cash aid to a broader pool of self-employed persons - Enhanced support for lower-income workers - Freeze of government fees and charges for one year - Suspension of student-loan interest and repayment charges for one year - Suspension of late-payment charges on public-housing mortgage arrears for three months - The additional spending will push up the government’s virus-related relief to almost S$55 billion, or 11% of gross domestic product, Finance Minister Heng Swee Keat said in a speech in Parliament Thursday. The S$48 billion stimulus package will be pulled from Singapore's massive reserves. This is rather unprecedented as until now, the Government has only drawn on past reserves once during the 2008 Global Financial Crisis when the President approved a draw of $4.9 billion to fund the Jobs Credit Scheme and special risk-sharing initiative. This shows the immense scale and seriousness of the impending recession, and how drastic the measures that need to be put in place will be. As to how long the measures will last, no one can tell or predict for sure. However, the mega reserves that Singapore has will definitely but put into good use during this period, and I'm sure that the Singaporean government will prepare and push out more stimulus packages if the need for them arises. I think that this second stimulus package will do wonders to cushion the impact for various sectors in Singapore, but only time will tell whether it's enough to tide us through this tough period.
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Family

Career

Lifestyle

Investments

Considering how I'm 20 now 😜, I'd tell myself and my peers around me to- 1. Get my lazy ass off my bed 2. Stop using social media like Instagram and Twitter so much 3. Learn more about investing 4. START INVESTING, as the long runway I have affords me the time to take risks 5. Start saving more and spending less 6. Read read read 7. Set goals for myself financially Alas, it's way easier to say than to do- but I now know the importance of these things and hence have to start on them. It's all about self-discipline, the earlier you plant the seed, the earlier you can reap its rewards!! (most of the time hahah)
👍 3

COVID-19

Travel

Stocks Discussion

Investments

Hi Anon! Interestingly enough, our Investments Lead at Seedly, Sudhan , has just written an article with regards to this topic! You can check it out here , but do remember to take the advice given with a pinch of salt, and to research the stock and it's market thoroughly for yourself before making any decision. TL;DR: SIA is a no-go at the moment for these reasons - There’s going to be significant capacity cuts amid the fall in demand, no thanks to the Covid-19 pandemic. - SIA is operating in a price-sensitive industry, and that doesn’t bode well for the long-term as an investor. - Capital is used to keep SIA’s fleet new, and that has caused negative free cash flow for four of the last five years. - There could be more pain ahead with SIA’s balance sheet looking shaky. - If SIA’s dividend is cut to conserve cash, its 5% dividend yield doesn’t look attractive anymore. This all points to shares dropping even further, and it can be argued that we have not yet seen the full brunt of Covid-19 on the markets. Again, do remember that this is just an opinion, do take the time to research and study the stock for yourself! Feel free to discuss this in the comments below, and do leave an answer to let us know your own thoughts on this!
👍 3

COVID-19

Lifestyle

Economics

Education

Hi Anon, I'm very sorry to hear about your current situation. The job market at the moment is pretty lousy, with many companies trying to get as lean as possible by cutting unecessary costs in marketing and manpower. Moreover, with the Coivd-19 situation causing the cancellation of many overseas exchange programmes like NUS's NOC, there definitely is an oversaturation of employable individuals in the market. My advice to you would be to not give up, and keep applying! Apply to all the jobs that you can think you can do on sites like techinasia or linkedin. You can also look at various telegram channels that focus on hiring and internships. You only fail when you stop trying. An Econs degree is supposed to train you meticulously to give you a high level of mathematical and statistical skill. You can try to use that to your advantage. Otherwise, take whatever is unique about you, or your greatest strength, and upsell it as much as possible to potential employers, so that you can seem like a valuable asset to their team during this tough time. Be flexible, and make sure you show your hunger to learn. To me, it doesn't really matter which role you're offered- as long as you can learn a valuable skill from it, it'll be worth the effort. In the scenario where you don't manage to secure an internship, don't be discouraged. Instead, take the time to level up yourself - take online courses or free classes to learn valuable skills such as coding or data analytics. These will help you to stand out from the crowd in the future! Always remember that it's never too late to upgrade yourself, and each challenge you face is an opportunity to grow. I wish you all the best in your search for an internship, don't be discouraged!
👍 1

Investments

Entrepreneurship

Stocks Discussion

Hi Anon! Telegram channels are quite a useful and convenient medium to learn about finance and investing. However, some of the information found in these FREE channels can be quite shallow, and are usually very opinionated, so do take whatever you see there with a pinch of salt! Personally, I follow 3 Channels for finance and investments: Seedly Because if I didn't I'd get fired...... just joking! But in all seriousness, the Seedly Tele channel does post a lot of useful content, from top Seedly Q&A Questions, to investing and lifestyle articles. I joined the Seedly Channel way before I started working here, and honestly, it did help increase my knowledge of investing and personal finance tremendously. Don't take my word for it, take a look yourself and see if the content there helps you! Business & Finance News This channel covers World news & financial impacts worldwide, from Crypto to Stocks. It gives a pretty decent surface-level analysis of various financial situations and impacts worldwide, and might be worth the look! Again, keep in mind to take everything you read with a pinch of salt, and to always research your investments thoroughly by yourself first before putting money in! The MileLion Okay, I know this one doesn't really answer the question, but I'm in this group as Aaron the MileLion shares the latest credit card hacks & promotions here. It's not exactly investments-based, but it's definitely worth the look if you're looking to learn how to use credit cards properly, or get into the miles game! If you're looking for other useful Telegram Channels to join, do check out this article by our content team!
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MileLion

SG Budget Babe

Family

Parenting

Miles

Credit Cards

Hi Anon! I've just looked through the T&Cs for the Citi Rewards Visa Card, unfortunately, the 10x points (4.0mpd) promotion does not include spend for hospital bills. The MoneySmart article which you referenced was selling you this card due to the 10x points promotion for shopping and ride-sharing. It's a shame, but most miles cards will actually remove Hospital Bills as a qualifying spend for promotions. I would look more at Cashback cards, but if you had to use a miles card for a large hospital bill (depending on which wards you're in), perhaps the Citi PremierMiles would be a decent card, due to the 1.2 local generalised spend with no cap and no min spend. Hope this helps!
👍 0

General

Lifestyle

COVID-19

Hi Anon! Personally, I think the Tokyo Olympic Games will be postponed to 2021. With the original date of the Olympics occuring in 4 months time, and there being no end in sight for the Covid-19 pandemic, the postponement of the Olympic Games seems more like a when, rather than an if. So far, 2 major sporting nations have pulled out of the 2020 Olympics- Australia and Canada. Many are to follow suit, with World Athletics President Seb Coe sending a letter to IOC President Thomas Bach, saying that holding the Olympics in July “is neither feasible nor desirable.” Moreover, National Olympic committees in Brazil and Slovenia have also called for postponement until 2021, and Norway’s Olympic body said it did not want athletes going to Tokyo until the global health crisis is under control. The mounting pressure on the IOC to postpone the games should result in this year's Olympics being cancelled, I'd be very surprised if the IOC continued ahead as planned. Hope this helps! :)
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