According to the 2023 Big Mac Index derived data, the hourly wage in Singapore's food service industry (median of 12.3 SGD) can purchase 1.8 Big Macs (priced at 6.8 SGD), which is 23-35% lower than Hong Kong (2.56 Big Macs), Tokyo (2.18 Big Macs).The Big Mac Index, introduced by The Economist in 1986, has become a globally recognized informal economic indicator used to understand the consumption levels of different countries.In Australia, hourly wages for workers in food and retail chains can buy 3.95 Big Macs, while in the UK and Hong Kong, it can buy 2.56 Big Macs, in the US 2.5 Big Macs, in Singapore about 1.8 Big Macs, and in South Korea 1.78 Big Macs.In China's food service industry, the starting hourly wage is only around 15 RMB, while a Big Mac costs 25 RMB. In China, working at cha

Once worth 15 billion RMB, controlling one of the world’s largest oil trading empires, Lim Oon Kuin (OK Lim) is now facing bankruptcy. His company, Hin Leong Trading, was a dominant force in the global oil market, but collapsed due to financial fraud and massive debt. The fraud was exposed in 2020, and by 2024, Lim and his children were officially declared bankrupt.How did his empire fall apart, and what lessons should investors take away from this?📈 From Rags to Riches: How He Built a $15B EmpireLim Oon Kuin’s story is a classic Singaporean entrepreneurial success.🔹 In 1963, he founded Hin Leong Trading, starting as a small oil trader.🔹 With sharp market instincts, he mastered buying low and selling high, generating massive profits.🔹 By the 2000s, Hin Leong had become one of Asia’s most i

This year is the Year of the Snake in China, also known as the "Little Dragon" in Chinese culture. However, when talking about snakes, one of the most well-known references is Slytherin House from Harry Potter. While Slytherin is portrayed as the antagonist in the books, it has gained significant popularity on social media in recent years. Many people associate Slytherin with ambition and success.If Hogwarts houses were divided by investment styles, which house would you belong to?1. 🦁 Gryffindor – Courageous, bold, and adventurous, Gryffindors have a knightly spirit and aren’t afraid of challenges or risks.If you’re a Gryffindor investor, you bravely seize opportunities, make quick decisions, and excel in high-risk, high-reward strategies like momentum trading, meme stocks, and short-term

The Chinese New Year is approaching! The sense of ceremony for the Spring Festival is indispensable.Chinese New Year traditions include cleaning the house, putting up Spring Festival couplets, enjoying a reunion dinner, staying up late to welcome the new year, giving red envelopes, setting off fireworks, paying New Year visits, dragon and lion dances, visiting temple fairs, celebrating the Lantern Festival, and admiring lantern displays.What items or activities immediately make you think of the Spring Festival?From the 23rd day of the 12th lunar month to the 15th day of the first lunar month, streets and alleys are adorned with festive decorations, and the entire holiday is filled with vibrant activities. Will you play mahjong and enjoy games with friends and family?Fireworks light up the

Inflation and sluggish consumption have been hot topics in recent years. To ease the financial burden on citizens while promoting economic growth, governments have introduced various policies.When dealing with inflation, one of the most frequently discussed solutions is distributing money in different ways, and the Singapore government seems no exception.Vouchers, subsidies, or appliance discounts: Which is better?For example, over the past two years, the Singapore government has consistently provided financial assistance to citizens, with the total amount last year reaching S$1.9 billion. In addition to direct cash distributions, there are utility rebates and transportation subsidies.In China, the government subsidizes large household appliances by 15%-20%. The Ministry of Finance announc