Chinese New Year 2016 Fixed Deposit Promotions

Fixed Deposit CNY 2016

Chinese New Year 2016 is approaching soon. Every year this time, banks will offer promotional fixed deposit rates.

Last year, I placed my money with POSB for 12 months at a promotional interest rate of 1.88 percent. I also got the S$88 lucky Ang Bao (“red packet”) that was offered for the first 10,000 customers.

Personally, I felt that the promotional interest rates this year was not fantastic and in fact, most banks are offering lower interest rates as compared to last year. If you compare it with the Singapore Savings Bonds, the interest rate look even worst.

February Singapore Savings Bonds offer an interest rate of 2.5% over 10 years with no lock in period. However, we know there are many factors to consider besides the interest rate. For example, you need to compare against the holding period between a bond and fixed deposit. Below is the summary of the promotions I found. Read More

Three Main Classification of Oil and Gas Companies

Oil and Gas

As mentioned previously in my post (PT Enso Asia beaten Boustead to win Indonesia Energy Asset), Boustead tries to acquire an Indonesia Energy Asset. One reason for acquisition is to shift into upstream ownership, production and potential development of natural gas. I decided to further research on this. What is meant by Upstream, Midstream and Downstream?

Oil and Gas companies can be classified into the following three main sectors.


Upstream companies deal with exploration and production of oil. They are the most profitable but also the most risky and capital intensive. Some examples of upstream oil and gas companies are KrisEnergy, Linc Energy, Rex International, Interra Resources Limited, Loyz Energy, Mirach, Ramba Energy and RH PetroGas.


Midstream companies deal with transportation of oil and gas from the field to refineries that process crude oil into petroleum products. They also own storage terminals that hold natural gas and oil until they are ready to be consumed or transported. I cannot find any pure SGX listed midstream companies but found some examples of companies that invests in Midstream. They are Noble Group and Keppel Corporation.


Downstream companies deal with refining and processing of crude oil into petroleum products and managing the retail sale of those products. Some examples of downstream oil and gas companies are Rotary Engineering, PEC Ltd and Boustead.

Excellent Reads on Oil and Gas

Oil and Gas Financial Journal

Oil and Gas Index: 11 Percent Total Return Over 12 Months (BTInvest, 18th December 2013)