The Central Provident Fund scheme was set up to help Singaporeans to build up their savings forThe Ordinary Account pays out an almost risk-free interest rate of 2.5%, with an additional 1% paid out for the first S$20,000.
What’s more, the government has also introduced the CPF Investment Scheme which provides members with the option to invest their CPF savings in various financial products.The CPFIS allows members to grow their CPF above the risk-free rate, but you need to be aware of theseIf you plan to grow your CPF at a faster clip, here are three stocks you can consider buying with the CPFIS.
Luxury watch demand is on the rise as travel has been curtailed over the last two years due to the pandemic. These observations indicate that there is strong and sustained demand for luxury watches and THG is in a good position to capitalise on this trend.Singapore Technologies Engineering Ltd, or STE, is a global technology, defence and engineering group.engineering conglomerate has diverse businesses in the aerospace, smart city, and public security segments and serves customers in more than 100 countries.
Source: News Formal (newsformal.com)
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