Posts filed under 'News and Information'
About SGD200,000 of illegal cash withdrawal, affecting some 200 DBS/ POSB bank account holders had been reported by DBS yesterday, in what could be the biggest fraud case affecting the Singapore local bank to date.
What made the news even more interesting was the fact that initial investigations reveal all the illegal withdrawals were made in Malaysia, with the victims having not lost/ misplaced their ATM cards and for that matter, ever left Singapore at all.
Withdrawals were purposely kept small to avoid immediate detection, which allows the modus operandi to continue over a period. While DBS has promised to make good on the money lost due to this fraud, a Hugh question mark remain on how it could had occurred, and how to prevent it in future. This has left yet another scar on the image of DBS, following the downtime nightmare which occured in Jul 2010. See the related article here: http://www.asiaone.com/Business/News/Story/A1Story20100707-225629.html
DBS and POSB Logo. The key is not so secure after all.
As a precaution, DBS advise that any customer who suspects their ATM or debit card has been compromised should contact the bank at 1800-220-1111 or visit any bank branch. A replacement card will be issued on the spot at any of its branches.
For now, you need not worry about making your regular trip to Johor Bahru Read on…
January 6th, 2012
In a bid to go GREEN and encourage the purchase of environmental friendly vehicles, the Green Vehicle Rebate (GVR) was originally introduced in 2001 by the Singapore Government and among other things, includes the exemption of excise duties on purchase of CNG, leading to lower fuel prices. This was subsequently reviewed in year 2009 and extended till 2011.
On 27th Dec 2011, it was announced that an excise duty of $0.20 per kg will be imposed on compressed natural gas (CNG) starting 1 Jan 2012. This also meant that drivers of Natural Gas Vehicles (NGV) and petrol-CNG (hybrid) vehicles will have to ensure that their fuel tank is at least 3/4 full when driving across the causeway, to preserve the duties collection from Singapore customs.
The imposition of the 3/4 rule will hit existing NGV owners harder than normal petrol-fueled vehicles (when the 3/4 tank rule was first announced) due to the following:
1. The price differential between CNG price in Singapore and Malaysia is much higher (at least 70% cheaper in Malaysia) than petrol (petrol is about 40% cheaper in Malaysia).
2. Most owners of NGV would have made a conscious decision when making the purchase, and this may include a key assumption that the top up of fuel tank is done in Johor Bahru Read on…
December 27th, 2011
If you are one of the many Singaporeans whom head to Johor Bahru more than once a month, you will encounter the slight frustration of filling up the white card (or some call it white form) which is required for entry into Johor Bahru. This is even worse if you are traveling with young kids, as YOU will need to fill up their white cards as well.
The Malaysia Automated Clearance System (MACS) has already been introduced years back – it uses a sticker (which is pasted at the back of your passport) that contains a barcode and is scanned by the Malaysia customs officer to expedite the custom clearance. More importantly, it eradicates the need for any white form.
MACS Booth at Holiday Plaza
For a very limited time, you can apply MACS for your entire family at Holiday Plaza, Johor Bahru! From now till 15th Nov 2011 (includes weekends but excludes holidays), from 11am to 7pm daily, the Immigration Department of Malaysian has set up a booth at Holiday Plaza (just outside Guardian pharmacy) to process your application ON THE SPOT. This means that you can also receive the required stickers ON THE SPOT. Application is super fast and does not require any photographs (as they will scan off the photograph image from your passport directly for the MACS sticker).
MACS Brochure
Finally, time to say bye-bye to white cards. And no more cars will be cursing behind you, should you realise that you did not fill up the white card for the entire family only at the Johor Bahru custom booth itself.
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October 29th, 2011
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