Anna Agoncillo, Author at MoneyDigest.sg

How a S$3 Billion Scandal Stalled Singapore’s Luxury Car Market

If you’ve been dreaming of cruising down Orchard Road in a sleek Ferrari or a posh Rolls-Royce, you might want to pump the brakes on those plans. Let’s talk about the S$3 billion scandal that took a toll on luxury car sales.

S$3 BILLION SCANDAL

Singapore’s luxury car sales have experienced a significant decline, directly linked to a large-scale S$3 billion money-laundering case. In response, the government has increased taxes on luxury vehicles and implemented stricter financial checks to prevent illicit funds from entering the market.

STRICTER REGULATIONS

In light of the scandal, authorities have introduced more rigorous oversight. Luxury car dealerships and other sellers of high-value goods are now required to conduct deeper investigations into their clients’ financial backgrounds and report any suspicious activities.

SALES TAKE A SHARP DECLINE

Prestigious brands such as Bentley, Ferrari, Jaguar, and Rolls-Royce have seen sales plunge by up to 75% in 2024 compared to the previous year. A key factor is a shift in consumer behavior, with buyers opting for a more discreet approach to avoid regulatory scrutiny.

Image Credits: unsplash.com

Additionally, stricter due diligence checks and higher luxury car taxes further dampened sales. Meanwhile, the broader car market is moving in the opposite direction, with overall new registrations surging by 42% in 2024.

EVs GAIN TRACTION

As the luxury car segment slows, electric vehicles are gaining popularity. Chinese manufacturer BYD has reported increased sales as more consumers pivot toward eco-friendly and less ostentatious alternatives.

IN A NUTSHELL

For potential luxury car buyers, especially younger consumers, this may be a moment to reconsider their choices. As electric vehicles become more fashionable and practical, they may present a compelling alternative for those seeking both style and substance.

Sources: 1,2 , & 3

Stay Cool in Style with 5 Handheld Fans in Singapore

My sister and mom recently visited Vietnam, and they told me how hot it was there. Thankfully, they had their trusty handheld fans. As I prepare for my own trip, I’m bringing cooling mists as well.

Singapore’s sweltering heat can be a real mood-killer, but don’t sweat it! We’ve got the coolest lineup of handheld fans to keep you feeling fresh on the go. Whether you’re power-walking down Orchard Road or jet-setting to your next destination, these fans will be your breezy best friends!

#1: KONKA PORTABLE USB FAN

Why settle for just a fan when you can have a fan and a power bank? The Konka Portable USB Fan does both! With its 2,000mAh battery, you can recharge your devices while staying cool. Its foldable design is perfect for tossing in your bag without taking up much space.

Why You’ll Love It:

2-in-1 fan and power bank (2,000mAh capacity)
Sleek, foldable design
Lightweight for easy portability
Price: Approx. S$39.90

#2: MOMAX IF15 ULTRA FREEZE

When regular fans won’t cut it, the Momax IF15 Ultra Freeze steps up the game. It features a unique ice compress cooling pad that adds an extra chill to your breeze. The ergonomic design fits comfortably in your hand, and its multiple speed settings let you customize your cool.

Why You’ll Love It:

Ice compress technology for an ultra-cool sensation
Ergonomic grip for all-day comfort
Adjustable speed settings for personalized cooling
Price: Approx. S$49.90

#3: JISULIFE LIFE7

This sleek, ultra-portable fan punches above its weight with impressive cooling power. With a battery life of up to 20 hours and three speed settings, it keeps you chill during the most hectic days. Bonus: It folds neatly to fit into even the tiniest of bags!

Why You’ll Love It:

Long-lasting battery (up to 20 hours)
Lightweight and portable (only 104g)
Foldable handle doubles as a stand
Price: Approx. S$23
Image Credits: JisuLife Flagship Store via Facebook

Also Read: Best Handheld Fans to Beat the Heat for Under S$30

#4: VERYPERI LEAFLESS COOLING NECK FAN

Want to stay cool without lifting a finger? The VeryPeri Leafless Cooling Neck Fan delivers hands-free airflow with a modern, bladeless design. Just pop it around your neck and enjoy a continuous breeze without the hassle.

Why You’ll Love It:

Stylish, lightweight design
Safe bladeless technology
Adjustable speeds for optimal comfort
Price: Approx. S$29.90 – S$39.90

#5: MINTHOUZ PORTABLE STROLLER FAN

Keeping little ones cool has never been easier. The Minthouz Portable Stroller Fan features flexible tripod legs that attach to strollers, car seats, or desks. It even has an aromatherapy option to keep mosquitoes at bay—perfect for outdoor family days!

Why You’ll Love It:

Flexible tripod legs for easy attachment
Aromatherapy feature to repel insects
Rechargeable and super portable
Price: Approx. S$17.66
Image Credits: shopee.sg

IN A NUTSHELL

Whether you’re commuting, traveling, or just out and about, these handheld fans make beating the Singapore heat easy and breezy!

Note: Prices are approximate and may vary depending on the retailer.

Sources: 1 & 2

Weirdest Items You Can Buy from Daiso or Don Don Donki

When it comes to quirky, offbeat, and straight-up bizarre finds, few stores do it better than Daiso and Don Don Donki. Whether you’re looking to add some weirdness to your everyday life or just want a hilarious conversation starter, these Japanese retail giants have got you covered. From wacky gadgets to oddly practical innovations, here are some of the strangest things you can snag from their shelves.

DAISO

1. Let’s Make Ramen Tool Set

Why settle for plain ol’ playdough when you can craft your own pretend ramen? This playful toolset lets you make mini noodle masterpieces out of clay (or playdough) but heads up, the clay isn’t included, so you’ll need to stock up first. Perfect for future noodle chefs or anyone looking to relive their childhood in the weirdest way possible. Watch it in action!

2. Chair Leg Foot Covers

Cute and functional? Say less. These adorable covers slip onto your chair legs to keep them from scratching floors or making that screeching noise that could turn your neighbor against you. They’re a low-key lifesaver, especially if you live in a thin-walled apartment. Bonus: they come in fun designs because plain furniture is just boring.

3. Sausage Cutter Set

Kyaraben (character bento) is serious business in Japan, and this sausage cutter set makes it easier to add some flair to your lunch. Transform your basic Vienna sausages into tiny octopuses, chicks, or pigs because why eat boring food when it can be cute and a little creepy? We’re still scratching our heads over the top sausage design, though.

4. Splat Poo Ball

Feeling stressed? Throw some poo literally. This squishy, slimy poo ball splats on surfaces and magically reshapes itself. It’s weird, it’s gross, and it’s weirdly satisfying. A perfect desk toy or an unconventional gift for that one chaotic friend we all have.

Image Credits: mobal.com/blog/travel-talk/15-crazy-things-weve-bought-from-daiso

DON DON DONKI

1. Wasabi KitKat

Japan’s KitKat game is unmatched, and the wasabi flavor takes the crown for weirdness. We haven’t been brave enough to try them, but if you love a kick of spice with your chocolate, this one’s for you. Are they sweet? Are they spicy? Only one way to find out.

2. Handy Beer Server

Who needs a bartender when you have this beer-foaming gadget? It delivers the perfect frothy head on your beer, right from your own fridge. The wildest part? One version features a tiny cupid peeing into your glass. Classy? Debatable. Hilarious? Absolutely.

Image Credits: timeout.com/hong-kong/shopping/10-peculiar-things-you-can-find-at-don-don-donki-today

3. Vermicelli Peeler

Level up your healthy eating game with this quirky veggie peeler that turns your produce into thin, noodle-like strips. Say goodbye to carb-heavy pasta and hello to zucchini spaghetti. It’s the tool you didn’t know you needed but now totally want.

4. Peach-Scented Toilet Paper

Why should your bathroom routine be boring? With this peach-scented toilet paper, even your trips to the loo can be a sweet-smelling experience.

Image Credits: homeanddecor.com.sg/shopping/18-wacky-and-affordable-household-items-from-don-don-donki

Because if your bum could talk, it would probably say, “Thank you.”

Sources: 1,2, & 3

Top Karaoke Spots in SG for the Ultimate Night Out

Ready to channel your inner pop star? Singapore’s karaoke scene is buzzing with vibrant spots where you can belt out your favorite tunes. Consider this curated list of the best karaoke venues in the Lion City, complete with the latest updates to ensure they’re open and ready to welcome you.

HAVEFUN KARAOKE

Location: Multiple outlets including Orchard, Pasir Ris, and Yishun
Pricing: Starting at $22++ per hour during off-peak times

With multiple outlets across Singapore, HaveFun Karaoke offers more than just singing. Each location features themed rooms decked out with professional lighting and sound systems, creating a concert-like experience. Beyond karaoke, you can enjoy arcade games and private cinema screenings. Keep in mind, alcohol is served, so the vibe can get lively!

CASH STUDIO FAMILY KARAOKE
Location: Bedok, Clarke Quay Central, Prinsep Street, and Cuppage Plaza
Pricing: From $15.50++ per person for two hours during off-peak periods

For an affordable, no-frills karaoke session, Cash Studio Family Karaoke has you covered. With outlets in Bedok, Clarke Quay Central, Prinsep Street, and Cuppage Plaza, it’s known for its extensive song library and the addition of fun musical instruments like tambourines and maracas. A standout perk? You can bring your own food and drinks without extra charges.

TEO HENG FAMILY KTV STUDIO

Location: Suntec City and White Sands
Pricing: Starting at $13 per hour

If you’re looking for a clean and affordable karaoke experience, Teo Heng Family KTV Studio is a top choice. It upholds a strict no-smoking and no-alcohol policy, making it ideal for family outings. The brightly-lit studios offer free WiFi to keep you connected while you sing. Best of all, it’s one of the most budget-friendly options around.

K.STAR KARAOKE

Location: Orchard Central and Plaza Singapura
Pricing: Varies depending on room and time

For those who love a touch of flair, K.STAR Karaoke delivers with its customizable themed rooms. Located at Orchard Central and Plaza Singapura, this karaoke spot lets you adjust the lighting and room settings to match your mood. Themes range from tropical paradises to retro wonderlands, ensuring a unique experience every time.

CANDY K-BAR FAMILY KARAOKE

Location: TripleOne Somerset
Pricing: Starting at $12 per hour

It offers a playful yet upscale environment with neon-lit, plush-themed rooms. Perfect for both small gatherings and large parties, some premium rooms even come equipped with standing microphones, dart machines, and foosball tables.

ZIGGY’S KARAOKE ROOM AND COCKTAIL BAR

Location: Robertson Quay
Pricing: Varies

This upscale venue combines the thrill of karaoke with the sophistication of a cocktail bar. The private rooms are elegantly designed, and the extensive drink menu includes handcrafted cocktails, fine whiskies, champagne, wine, and sake.

Image Credits: unsplash.com

So, whether you’re planning a lively night out with friends or a fun family gathering, these karaoke spots in Singapore offer something for everyone. Warm up your vocal cords and get ready to shine…your perfect karaoke night awaits!

Sources: 1 ,2, & 3

8 Highest-Paying Jobs in Singapore You Must Consider

If you’re aiming to climb the career ladder and cash in on the thriving economy, knowing where the big bucks are is half the battle. From finance to tech, here are eight of the highest-paying jobs in Singapore that could have you laughing all the way to the bank.

#1: MANAGING DIRECTOR (Banking & Financial Services)

When it comes to commanding jaw-dropping salaries, Managing Directors in banking and financial services are at the top of the food chain. With responsibilities ranging from strategic operations to regulatory compliance, these leaders rake in a hefty S$500,000 to S$750,000 a year.

#2: CHIEF FINANCIAL OFFICER (CFO)

Money makes the world go round, and CFOs are the ones keeping track of it. Tasked with managing financial strategy and investments, these financial masterminds earn between S$220,000 and S$550,000 annually.

#3: CHIEF INFORMATION SECURITY OFFICER (CISO)

In a world where cyber threats loom large, CISOs are the digital gatekeepers. Protecting sensitive data and keeping systems secure pays off—literally—with annual salaries ranging from S$280,000 to S$600,000.

Image Credits: unsplash.com

#4: VICE PRESIDENT (Sales & Marketing)

If you have the charisma to drive sales and craft winning marketing strategies, a VP role in Sales & Marketing could be your golden ticket. These execs pull in an impressive S$350,000 to S$500,000 a year.

#5: TRADE FINANCE SPECIALIST (Banking & Financial Services)

Facilitating international trade isn’t just about paperwork as it’s a lucrative profession. Specialists in trade finance can expect to earn up to S$550,000 annually for their expertise in managing global transactions.

#6: CYBER PRESALES CONSULTANT (Technology)

The tech world is booming, and cyber presales consultants are cashing in by helping companies navigate complex cybersecurity solutions. Their technical know-how is rewarded with annual paychecks between S$350,000 and S$500,000.

#7: CHIEF OPERATING OFFICER (COO)

The COO is the engine room of a company, ensuring day-to-day operations run smoothly. With that kind of responsibility comes a substantial salary—an average of S$450,000 per year.

#8: CHANEL SALES MANAGER (Technology)

Tech companies rely on channel sales managers to build and manage third-party partnerships. This high-stakes, high-reward position pays between S$300,000 and S$500,000 annually.

Image Credits: unsplash.com

If you’re ready to take your career to the next level, these high-paying roles in Singapore could be your ticket to financial freedom. Which one will you aim for?

Sources:1,2, & 3

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