Straits Times (Forum)
Perpetual securities: Alerts from MAS should be timely
PERPETUAL securities have been in the market for some time now, and media reports have explained the differences between them and regular bonds, so it is puzzling that the Monetary Authority of Singapore (MAS) has decided to issue an alert only now ('Note key risks in perpetual securities, MAS cautions'; Thursday).
Step up checks on them
I AGREE with Mr Roy Lim ('Heed DPM Teo's remarks, introduce special licence'; yesterday) on the need to have a special licensing category for supercar drivers. My observation is that supercars are usually driven for leisure and to test out their speeds. Those who buy such cars are unlikely to keep to speed limits here.
Unfair to target them
MR ROY Lim ('Heed DPM Teo's remarks, introduce special licence'; yesterday) called on the Traffic Police to have separate licensing for drivers of supercars, using the current licensing scheme for motorcycles as an example. He also compares driving a supercar to riding a motorcycle with a larger engine capacity.
