Hi Mr Tan,
thought you might be keen on posting this on your blog
http://www.
In short, the above article indicates that the card companies have
finally bowed to regulators and consumers.
However, in asia (and of course Singapore).....
a) the fees charged by card companies in asia are way too high, making
crazy profits on this
b) the bank rates they charge, in collusion with the banks, for any
overseas transactions, are equally crazy.
Somehow, i don't see MAS taking a more pro-active stance on things.
thought you might be keen on posting this on your blog
http://www.
In short, the above article indicates that the card companies have
finally bowed to regulators and consumers.
However, in asia (and of course Singapore).....
a) the fees charged by card companies in asia are way too high, making
crazy profits on this
b) the bank rates they charge, in collusion with the banks, for any
overseas transactions, are equally crazy.
Somehow, i don't see MAS taking a more pro-active stance on things.
MAS does not respond to alert posted in Blogs.
ReplyDeletePM Lee does not respond to "Open Letter" in national media e.g. Jalan Suka Resident letter in New Papers.
PM Lee does not respond to Petition e.g. Minibond saga in 2008
PM Lee only respond to GE result e.g. Review of Ministers' Salary, Apology to Singaporeans during GE rally before the lost of Aljunied GRC.
So, look after yourself and don't ask MAS or Govt for help. They are no where near the good work done by Hong Kong regulator in terms of protecting retail investors...Hope Mr. Kenneth Jeyaretnam decision to take the Govt to task yield some respect from the Govt and remind them not to always take Singaporeans for granted e.g. Ministers' hugh salary increase for the last 18 years.
For readers who want to check their credit card exchange rates..
ReplyDeleteFor VISA cards only:
http://corporate.visa.com/pd/consumer_services/consumer_ex_rates.jsp
Its buried deep inside VISA's website.. worth a visit to find out.