Be careful on mobile phones

It is really surprised news that due to stolen phone, phone owner paid S$ 2K as bill. I feel that it is unfair to consumers. Mobile operators should have some credit line based on phone usage or agreed amount with customer, which could safe guard both parties. And there could be chance to find the theft with phone numbers called. So, it is not difficult case to track. I am not sure why it ended like this.

Read full story: Today's letter

Suprising pay to Bank's CEO - UOB and DBS CEOs among top 10 best paid

It is surprise that Bank CEO's highly paid among the other industries even though financial crisis there in that sector...

Interesting news read full story at Channel News Asia.:

Chief executives at Singapore banks UOB and DBS are among the top ten best paid executives in the Asia Pacific.

A report by management consultancy Hay Group and The Asian Banker - which ranks the top 50 best paid CEOs in the region - said that UOB's Wee Ee Cheong is the 8th best paid CEO, taking home between US$3.82 and US$3.99 million a year.

In 9th spot was former DBS CEO Richard Stanley, who was due to be paid between US$3.3 and US$3.47 million. Mr Stanley died of cancer in April this year.

OCBC's David Conner was the 11th best paid CEO, with a salary range from US$2.6 to US$2.78 million.

Singaporean entrepreneur gets €2m

The latest mobile technology venture from Singaporean entrepreneur Eric Barbier has raised €2 million in first round funding to expand the service internationally.

The mobile micro payment service Transfer To facilitates the transfer of mobile phone credits across borders, letting users give friends or relatives more calling minutes in their mobile phone account. The funding came from new investor Ingenico Ventures.

By sending text messages to Transfer To, foreign workers can use the service to recharge the prepaid mobile phones of their relatives back home. The cross border business of airtime remittance is estimated to be worth €202 billion a year and features 200 million migrant users.

Transfer To allows workers in countries Brazil, China, Egypt, India, Mexico and Poland to send the equivalent of money in the form of airtime minutes to relatives.“Thanks to Transfer To, mobile operators, retailers, banks and money transfer companies can offer an innovative and differentiating service to their ethnic segment – an underserved market with a high telecom spending usage,” Barbier said  

Barbier is the founder of Mobile 365, which was acquired by Sybase for €286 million in 2006 and now operates as Sybase 365.

Source : Telecom Europe

Good Luck Eric Barbier...

Recommended Blog for Financial Planning

Recently i found an interesting and useful blog regarding financial planning and investments. Tan Kin Lian's Blog, Mr Tan is former NTUC Income chief executive and shares his views and others experiences in financial planning and investments. I recommend others to check it. Mostly  helpful for people living in Singapore.

URL: http://tankinlian.blogspot.com/