The pace of contraction in exports from the level a year ago eased at   —19.8%YoY (Jul-09: -22.9%YoY) but the pace of contraction in imports rose to a sharper —18.6%YoY (Jul-09: —16.2%YoY). Signs of a strong recovery are not yet evident. We have previously said that we shall have to wait out Sep-09 before a more [...]

I had a case where an elderly client came to me and expressed her worry that one of her children is a spendthrift and will finish his share of inheritance in no time once he is given his share of the properties. In actual fact she is the one who is still giving him money [...]