Parents are spending an average of RM109,470 (USD25,479) on their child’s education from primary school up to university undergraduate level, according to Higher and higher, HSBC’s new report in The Value of Education series.
Of the over 8,400 parents in 15 countries and territories surveyed, parents in Hong Kong RM567,394 (USD132,161) are ranked number one globally followed by the United Arab Emirates RM426,650 (USD99,378) and Singapore RM304,568 (USD70,939), who contribute the most towards all aspects of their child’s education costs, including school/university tuition fees, educational books, transport and accommodation. Malaysia is ranked eighth in this table.
By Barnabas Gan, OCBC Analyst
Concerns on crude oil’s oversupply environment have been plaguing oil futures lower in the first half of 2017. Statistically, both WTI and Brent had fallen to its sub-$45/bbl handle into June, before rallying markedly year-to-date.
Importantly, the recent rally has lifted both WTI and Brent above their 100-day moving average levels earlier this week, with the latter currently sitting squarely above its critical $50/bbl handle.
While most companies (95%) have some form of general business insurance such as accident and property cover, roughly half of the companies surveyed in Asia do not carry any business liability insurance. A new report released recently by QBE Insurance reveals that ownership of business liability insurance is 54% in Indonesia and Singapore, 47% in Hong Kong and 45% in Malaysia.
This dramatic drop-off in coverage is despite the fact that 63 per cent of all the companies surveyed experienced liability-related incidents within the last year.