On May 21st, 2024, a Singapore Airlines flight was forced to make an emergency landing in Bangkok after encountering sudden turbulence due to thunderstorms. The severe turbulence resulted in dozens of passengers getting badly injured and one person died following the emergency landing. In this blog post by Pacific Prime CXA, we will be discussing the danger of air turbulence in light of the Singapore Airlines tragedy to raise awareness on air travel safety amidst potential turbulence and why it’s important to secure travel insurance. Overview: The Singapore Airlines Tragedy On Tuesday May 21s ..read more

An HPV infection, while most cases cause nothing more than harmless warts, can lead to various types of cancer such as cervical or vaginal and anal cancer in the event of more severe cases. It is an infection that can be spread through sexual skin-to-skin contact with someone who has HPV. In this blog post by Pacific Prime CXA, we will be discussing what HPV is and how future parents in particular can protect their kids from the potential risk of cancer as a result of the condition. What is HPV? An HPV, short for Human Papillomavirus, infection is a viral infection caused by physical contact ..read more

Wondering how to prepare for natural disasters? Travel insurance can ensure a safeguarded journey back home, with most costs covered if your trip plans are derailed by an unanticipated natural disaster, should you plan wisely. Insurers define natural disasters as damaging incidents caused by weather or geological forces like tsunamis, earthquakes, volcanic eruptions, and wildfires. Some insurers classify major storms like hurricanes and typhoons as natural hazards, while others categorize them as severe weather events. Are you planning to explore new places for your next vacation? We know that ..read more

On 7 May 2024, the Singaporean parliament passed the Cybersecurity Bill expanding the cybersecurity authority’s supervision. The new law allows oversight over any computer system considered critical to national interests and at high risk of cyberattacks. The new law includes temporary systems set up for important operations like vaccine distribution and major international summits or events. The aim is to strengthen national security by having Singapore’s vital systems under heightened cybersecurity monitoring. Is your business or organization operating in Singapore? Wondering if this new Cybe ..read more

Healthcare costs have been rising over the years under inflationary pressure, causing the benefits provided to diminish while the insurance premiums rise relentlessly. What causes medical costs to constantly skyrocket? Wonder what insurers can do to keep insurance plans affordable to the general public? Are you interested in knowing how you can utilize the benefits of your health insurance policy to help cut insurance costs? In this Pacific Prime article, we will discuss the major factors contributing to the surging medical costs, and how insurers and the insured can work together to help redu ..read more

Many financial rules for expats remain unchanged, wherever you’re living. Beyond the familiar faces such as the Merlion statues or Universal Studios, being an expat in Singapore means you’ll have to make necessary financial adjustments to suit your relocation abroad. Today, Pacific Prime CXA will go over three notable financial rules for expats in Singapore to live by to ensure financial stability for you and your family. Why Financial Planning Matters Singapore is an expensive country for expats to live in, ranking as one of the world’s most expensive cities for expats up to four times in a ..read more

According to a global ranking of the best countries for families to relocate in hopes of seeking opportunities for future generations, Singapore emerged in third place behind Switzerland and the United States as first and second place, respectively. The ranking is based on numerous factors, such as education, career development, income potential, employment prospects, economic mobility, and liveability. This means relocating to these countries allows greater potential for career development, access to better education, and boosting one’s income. Today, Pacific Prime CXA will go over what makes ..read more

Singapore’s Deputy Prime Minister Lawrence Wong announced all the financial measures taken by the government to help both Singaporeans and businesses in his Budget speech on February 16. From providing financial aid to seniors and families in need to attempting to level up employees’ skill sets to improve competitiveness and employability outcomes, this article has you covered with all the information you might need. Disbursement Calendar: Benefits Overview According to the Ministry of Finance (MOF), the benefits are to be disbursed in the following order, spanning from April 2024 to March 202 ..read more

On February 14th, the Singapore government reported that at least SGD $7.5 million in GST (goods and services tax) was wrongfully charged on fees for 18 government services and affected taxpayers will get a refund. Today, Pacific Prime CXA will go over the Singapore government’s tax refund on the affected taxpayers following the wrongful collection of GST. Overview on the Wrongful GST Collection The 18 government service fees were wrongfully deemed as processing fees by six agencies. These include the Council for Estate Agencies, the Housing Board, Land Transport Authority (LTA), the Singapor ..read more

Imagine this: You’re on a well-deserved vacation with your family abroad, when suddenly alarms go off in your stomach, signaling you to head to the bathroom immediately. This is known as food poisoning, a foodborne illness resulting from eating or drinking something contaminated with germs. Today, Pacific Prime Singapore will go over food poisoning, its causes, the risks when traveling, and what to do if you happen to get food poisoning during your vacation. What is Food Poisoning? Food poisoning is a type of foodborne illness that results from people eating or drinking something infected wit ..read more