ECONOMY | Staff Reporter, Singapore

Daily Briefing: Singapore raises penalties for share-trading case; CACHE, SGREIT have weakest REIT performance

And here are professions losing their shine as the definition of success changes.

From MoneySmart via Yahoo! Finance:

Traditionally, parents used to push their kids to enter professions that required formal qualifications such as medicine, law, dentistry and accountancy. Because these jobs paid reasonably well and entry was restricted, they were viewed as stable and safe choices. Choosing one of these as a career was a step to success.

These days, however, it is undoubtedly tech jobs that look the most promising, with a spike in the starting salaries of computing grads being just the tip of the iceberg.

This year, the number of university applicants listing computing as their first choice jumped, while the number choosing law fell. This is no doubt due to the glut of lawyers which has caused starting salaries to fall, as well as news reports shedding light on the high attrition rate of lawyers due to long, punishing hours.

Read more here.

From Bloomberg Finance:

The Monetary Authority of Singapore secured bigger penalties for a divorced couple’s unauthorized share trading.

The regulator had appealed a lower court’s decision which ordered Wang Boon Heng and his ex-wife to pay S$75,000 ($55,000) and S$50,000 respectively for flouting the city’s share trading rules. MAS sought at least double the initial penalties, sums which the duo’s lawyer Robert Raj called excessive.

Read more here.

From The Motley Fool:

We’re near the start of a new earnings season.

As is common with every earnings season, there will be some real estate investment trusts (REITs) posting growth, some REITs posting mixed numbers, and some REITs experiencing declines. So, which are the REITs that have recently reported lower numbers? Let’s look at two of them.

Read more here.

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