MTGS

Are you a foreigner moving to Singapore on a valid work pass (like an Employment Pass, S Pass, or Work Permit)? One of your very first hurdles will be setting up a bank account so your employer can credit your salary. Traditional banks in Singapore often require steep initial deposits or charge monthly "fall-below" fees if your balance dips. Luckily, you can bypass all of that. Here is your ultimate guide to setting up a Trust Savings Account , the most foreigner-friendly, zero-fee account in town. Why Trust Bank is Perfect for Foreigners Setting up a traditional bank account as a newcomer can take days of paperwork. Trust Bank (backed by Standard Chartered and FairPrice Group) lets you open an account digitally in minutes. No Minimum Balance: You don't need to keep a single cent in the account to keep it open. No Monthly Fees: Say goodbye to "fall-below" maintenance fees. Instant Setup: Just download the app and sign up using your Singpass or work pass deta...

Singapore’s banking landscape has changed significantly in recent years, with digital banks making everyday banking more convenient, transparent and rewarding. Among the names that have gained significant attention is Trust Bank Singapore . Backed by Standard Chartered Bank and FairPrice Group , Trust combines traditional banking expertise with a digital-first experience designed around everyday spending, saving and financial management. In 2025, Trust reported that its customer base had surpassed 1 million customers , representing more than 20% of Singapore’s adult population. The bank also reported receiving recognition as Singapore’s Best Digital Bank for Consumers by Euromoney and as the top mobile banking app for a digital bank globally by The Digital Banker. So, what makes Trust Bank so popular? Let's take a closer look. What Is Trust Bank? Trust Bank is a Singapore digital bank that operates through its mobile app rather than a traditional branch-based banking model. The ban...

U.S. diesel prices have entered uncharted territory. The national average has surged to roughly $5.85–$5.94 per gallon in September 2026 , surpassing the previous record set during the 2022 energy crisis. For American consumers, that may initially look like a problem for truck drivers and diesel pickup owners. It is much bigger than that. Diesel is the fuel that moves America's freight, powers much of its agricultural equipment, supports construction and mining, and helps deliver everything from food to manufactured goods. When diesel prices rise sharply, the increase eventually finds its way into transportation costs, business expenses, food prices and, ultimately, consumer inflation. The crucial question now is: Is $5.85–$5.94 the peak—or could diesel go substantially higher? The answer depends largely on how long the global oil-supply disruption lasts, what happens to the Strait of Hormuz, whether refineries can rebuild inventories, and whether the approaching winter increases ...

U.S. Treasury Secretary Scott Bessent has issued an unusually blunt challenge to financial markets: “I am the house now.” The comment, delivered at Southern Methodist University, was more than colorful Wall Street language. It offered a revealing glimpse into how Bessent views his role as Treasury secretary—and the advantage he believes the U.S. government has when it intervenes in financial markets. A former macro hedge-fund manager, Bessent argued that traders betting against U.S. policy makers may be underestimating the information and coordination available to the government. “I have asymmetric information,” he said, referring particularly to the Treasury’s knowledge of Japanese policy intentions during the recent intervention in the yen. But the remark also raises a bigger question: Can a government consistently outplay markets, or does challenging investors create new risks of its own? What did Bessent mean by “I am the house”? Bessent was speaking in the language of a casino. In...

The crypto market has never been short of dramatic crashes. But the most destructive sell-offs are often not caused by spot investors simply pressing the sell button. They are caused by liquidation cascades —chain reactions in which leveraged positions are forcibly closed, pushing prices further and triggering even more forced selling. Using historical aggregated liquidation data available through early 2026, the following are the 10 largest crypto liquidation events , ranked by approximate reported liquidation value. The figures should be treated as estimates because exchange reporting methodologies and data transparency have changed over time. What Is a Crypto Liquidation? A liquidation occurs when a leveraged trader no longer has enough collateral to maintain a futures or perpetual position. The exchange automatically closes the position to prevent further losses. The dangerous part is the feedback loop: Price falls → leveraged longs are liquidated → forced selling increases → price...

Welcome to the exciting world of investing, where the traditional wisdom is “buy low, sell high,” but you’ve decided to boldly ask: What if we did the exact opposite? Buying high and selling low is generally considered a terrible investment strategy. It’s the financial equivalent of ordering a $40 salad, eating the decorative parsley, and then complaining that you’re hungry. But fear not. With the right mindset, creativity, and a suspiciously large tolerance for financial pain, you too can attempt to make money while doing everything the textbooks tell you not to do. Step 1: Buy High With Confidence The first rule is simple: never buy anything when it’s cheap. Why would you want a stock at $10 when you could wait until everyone on the internet is screaming about it and buy it at $100? When your neighbour, taxi driver, dentist, and the guy who cuts your hair are all saying, “This stock is going to the moon,” that's your signal. Not to do research. Not to check the financials. Just t...

Retiring by 40 sounds almost impossible in Singapore. With high housing costs, rising healthcare expenses, and one of the world's most expensive cities to live in, early retirement requires more than simply saving a little more each month. But it can be achievable for some people—especially if you approach it as a financial independence problem rather than simply a retirement problem. The goal is straightforward: build enough invested assets that your portfolio can support your lifestyle without requiring a salary. This guide explains how to work towards that goal in Singapore. 1. Define What "Retirement by 40" Means Before calculating how much you need, define retirement. For one person, retirement might mean spending $3,000 a month on a simple lifestyle, travelling occasionally and living in a fully paid-up HDB flat. For another, it might mean $7,000 a month, frequent overseas travel, private healthcare and a condominium lifestyle. These are completely different financi...