good news for singaporeans!!..... at last!!!!

the MAS - Monetary Authority of Singapore...(NOT Malaysia Airlines) i think have decided that they want to lower the income cap for people who can apply for credit cards..... maybe its the governement's idea (i am not too sure), but thats the good news i read from the papers

so heres the best part of the news......

MORE people can now borrow money to spend an pay later......

MORE people can now afford to buy cars cos your credit ratings just went up......

MORE people can go for holiday..... cos you have a credit card that allows you to pay for your holidays with 0% interest rate installment

MORE people can buy unnecessary thing cos credit becomes easier.......

MORE people can for to the future IR (integrated Resort) to gamble their savings and borrowed money away....

banks profits will INCREASE ... cos a lot more people will not be able to cope with payment, and thus incur exorbitant late charges and interest....

even load sharks will get a piece of the pie from this good news!! their 'business' will INCREASE many folds.......

lastly, there will be MORE bankrtupcy.....

how nice...... so thoughtful.....

so who are those people who say there are no good news when it comes to money in singpaore!

another useless thought