Thursday, February 28, 2019

This Blog & My Profile Gets Reviewed By A Popular YouTube Vlogger & A Personal Branding Strategist

It is with pleasure that I can report that this blog and my profile have been highlighted and reviewed by a prominent Youtube vlogger.

His name is Loy Machedo and he makes regular videos about various news and has quite a fan following from a global multi cultural audience. 

I heartily thank Loy Machedo for making a video about my previous post on the Canadian economy as well as sharing this blog with his followers.

He has more than 23,000 subscribers as on date and his followers are rising rapidly whereby he receives thousands of views on each of his video.

I am humbled by this review and it endorses that many people are following this blog.

Tuesday, February 26, 2019

Why Does Trump Want To Destroy America?

Credit: Berkeley Political Review, Curtis Wang, 01/25/2019
We had warned in June & Sept of 2018, that the US economy will get severely damaged if President Trump does not back off from his wrong position on tariffs and trade wars.

Here are our warnings of a US economic collapse dated Sept 2018 as well June 2018.

We were among the very first to warn of the damage caused due to tariffs that shall be felt around the world but mostly on the US economy, US businesses, US employees etc unless Trump backs off.

Trump has backed off both on the Mexico border wall funding as well as keeps delaying his own timelines for a China trade deal. Because he eventually always turns out to be wrong in his assessments and then needs to back off.

Friday, February 22, 2019

Canadian Economy Continues To Plunge: HBC To Shutter All Home Outfitters Stores, Payless & Gymboree To Shut All Stores, Real Estate Continues It's Decline, GM Plant & Cathay Pacific Also Closing, It's Raining Job Cuts

We had warned back on 6 Oct 2018, that Canadian zombie economy will worsen.


Things have become much worse than just a few months ago.

One of the oldest Canadian company HBC has announced that they will shut all their 37 Home Outfitters stores as well as review and possibly shut several Saks Fifth Avenue stores.

Saturday, February 16, 2019

Visit To Singapore On 19 & 20 Feb

I shall be on a quick visit to Singapore for client meetings next week.

If anyone will be in Singapore or is based in Singapore who may be interested to meet to discuss any of the following as part of the multi family office offering:

Thursday, February 14, 2019

Enhanced Due Diligence For Any Foreign Company Planning To Invest In India & Bank of Singapore Private Bank Enters India (Where Almost No Foreign Financial Institution Has Succeeded Before)

Bank of Singapore is starting a partnership with Edelweiss Group in India.

The statement contained in this article is misleading that BoS is the first foreign private bank to start an arrangement with an Indian wealth management firm.


I was responsible for the start up of Axis Private Bank in DIFC, Dubai in the very first relationship that an Indian financial institution ever had with a foreign private bank (Banque Privee Edmund de Rothschild from Luxembourg, bank established in 1923). 

We had operations in India, Singapore, HK and Dubai under that partnership from 2008.


Aside from the misleading statement, we give this newly formed partnership no longer than 5 years before they wind up.

Sunday, February 10, 2019

Citizenships Being Revoked & Second Passports Will Shut Or Become Much Harder To Get

We have advised our clients since at least 2010 on the advantages of having alternate citizenships or the benefits of second passports.

In 2011, we obtained several PR (Permanent Residency) cards for our clients just before Singapore citizenship section advised us that effective 2012 the Singapore citizenship process/PR shall become extremely difficult and also cannot be renewed after 5 years if PR is not being used (under new rules effective 2012).

Until 2012, Singapore PR had the benefit that they did not require to be renewed every 5 years and could be held permanently without visiting or living in Singapore. This could have been a "Plan B" for so many more but many were nonchalant at the time.

Saturday, February 9, 2019

Australian Real Estate & It's Economy Is Collapsing, Will Turn Australia Into A Slum, According To An Expert On TV

Newspaper Image, 18 Aug 2018, Sydney
We have argued for several years now and advised our clients to sell all real estate wherever they can at least since 2015 and blogged in Aug 2018 and Dec 2018 that Australian real estate along with many other countries (except China and Philippines) will collapse for multiple reasons.


The No. 1 reason being the lack of jobs.

Thursday, February 7, 2019

3 Major Indian Banks : Punjab National Bank, Oriental Bank Of Commerce & Punjab & Sind Bank To Merge In 2019

Bank after bank is collapsing in India.

Like any other Govt, India, too, is trying to hide and delay the inevitable.

In 2017, SBI (India's largest bank) and it's 5 subsidiaries were "merged" to prevent a collapse.

In 2018, 3 more large banks were merged by the Govt., all were Govt owned. Those 3 banks were Bank of Baroda, Dena Bank and Vijaya Bank. 

Over 100 overseas branches were also shut in several countries.

Wednesday, February 6, 2019

Dubai Bailout Continues: Still Unable To Pay Back 10 Year Old Loan To Abu Dhabi, LayOffs & Lawsuits In UAE

Dubai will never be able to repay the official $20b loan to Abu Dhabi.

Dubai has sold way more assets to Abu Dhabi after 2015 than they ever did in 2009.


This is just a sensational headline and has no material impact but it’s slightly negative since it proves that Dubai has not recovered at all since 2009 and is unable to pay back it’s historical commitments.


Dubai hasn’t paid back any loans of Nakheel and other giants and keeps “restructuring” since 2008.


Now we can add unpaid Abu Dhabi loan to it.


Tuesday, February 5, 2019

Dubai: 5th Year Into A Decline, Off Plan Properties Drop Another 30% in 2018 & UAE Files Case Against Qatar

Dubai property volume of off plan sales has further dropped 30% in off plan sales in 2018.

Off-plan residential property sales in Dubai fell by 30% in 2018

We are now in the 5th year of a massive, continuos and permanent decline in Dubai real estate.

Since 2017, the media and so called people who understand real estate like Damac Properties or S&P are saying that prices will drop for “next 2 years”.

Again in 2018, they said “next 2 years”.

Now in 2019, they repeat the same “next 2 years”.

Manager Of Dubai Govt Owned DP World Shot Dead In Somalia

DP World of Dubai was banned in Somalia in Mar 2018.

Somalia bans Dubai ports operator DP World, says contract with Somaliland null

They somehow got back in to invest in Berbera port of Somalia in Oct 2018.

DP World launches $442m port expansion in Somaliland

Due to corruption at Govt level causing friction from locals who don’t want their ports, lands and profits to go to another country, they kept warning the manager and employees of DP World for months.