Value Plus Singapore

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Singaporeis generally a free port and an open economy. It applies a Most-Favored-Nation (MFN) zero-duty to nearly 100 percent of its tariff lines. The few lines with non-zero duties are for certain alcoholic beverages. For social and/or environmental reasons, Singapore levies high excise taxes on distilled spirits and wine, tobacco products, motor vehicles and petroleum products.

Singapore levies an 8.0% Goods and Services Tax (GST). This will be raised to 9.0% from January 1, 2024. For dutiable goods, the taxable value for GST is calculated based on the CIF (Cost, Insurance, and Freight) value, plus all duties and other charges. In the case of non-dutiable goods, GST will be based on the CIF value plus any commission and other incidental charges whether shown on the invoice. If the goods are dutiable, the GST will be collected simultaneously with the duties. Special provisions pertain to goods stored in licensed warehouses and free trade zones. See Inland Revenue Authority of Singapore and Singapore Customs for more information.

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Get all the great benefits included in the PlayStation Plus Essential plan, as well as access to the Game Catalogue, featuring hundreds of games from genre-defining blockbusters to innovative indies, with new titles added regularly.

When you downgrade your membership level, the downgrade will take place at the end of your existing pre-paid (stacked) subscription period, and you will lose access to the benefits exclusive to your previous subscription level at that time.

The PlayStation Plus you redeem will be converted to a length of time on your current PlayStation Plus membership plan equivalent to the monetary value of the voucher you are redeeming. For example, a 1-month PlayStation Plus voucher will provide access to approximately 3 weeks of PlayStation Plus Extra or approximately 2.5 weeks of PlayStation Plus Deluxe. See conversion information here for details.

1Classics and Game Trials available only to Deluxe subscribers. Game library varies over time, country/region and plan. PlayStation Plus is subject to a recurring subscription fee taken automatically until cancellation. Terms apply: play.st/psplus-usageterms

PS Plus is an ongoing subscription with a recurring subscription fee which is charged automatically (at the then current PS Store price) at the frequency you choose at purchase until cancelled. Full terms apply: see PSN Terms of Service and PS Plus Usage Terms at www.playstation.com/legal.

PS Plus content and services vary by subscriber age. PS Plus is only available to legal residents of the servicing territory who meet the age requirements in their country of residence. Below legal age of majority requires parental consent. Online features of specific games may be withdrawn on reasonable notice . Certain restrictions may apply to game downloads.

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Inflation is an increase in the price of goods and services and, in effect, shrinks the value of your money. The dollar you invest today will be less valuable tomorrow, posing a serious threat to investors. Inflation is particularly concerning for bondholders since it can erode the purchasing power of future interest and principal payments.

In the United States, a widely accepted measure of inflation is the Consumer Price Index (CPI). As the chart below shows, prices have risen steadily in the United States since the end of World War II, signaling a rise in inflation.

Treasury Inflation-Protected Securities, or TIPS, are inflation-protected bonds (IPBs) that are issued by the U.S. Treasury. Their face value is pegged to the CPI and adjusted in step with changes in the rate of inflation. The Treasury then pays interest on the adjusted face value of the bond, creating a gradually rising stream of interest payments if inflation continues to rise. At maturity, a TIPS investor will receive the original face value plus the sum of all the inflation adjustments since the bond was issued.

Investors who own TIPS through a mutual fund should also be aware that the fund may perform differently than the underlying bonds. Individual TIPS guarantee an inflation-adjusted return if held to maturity, but there is no guarantee for a fund; a portfolio manager may buy or sell TIPS before maturity, which could lead to gains or losses.

You can purchase TIPS directly from the U.S. Treasury for a minimum purchase amount of $1,000. You may also choose a mutual fund or exchange-traded fund that invests in TIPS, which offers the additional benefits of professional management. Your investment professional can help you decide which investment is right for you.

Diversification does not ensure against loss. Investing in the bond market is subject to risks, including market, interest rate, issuer, credit, inflation risk, and liquidity risk. The value of most bonds and bond strategies are impacted by changes in interest rates. Bonds and bond strategies with longer durations tend to be more sensitive and volatile than those with shorter durations; bond prices generally fall as interest rates rise, and the current low interest rate environment increases this risk. Reductions in bond counterparty capacity may contribute to decreased market liquidity and increased price volatility. Bond investments may be worth more or less than the original cost when redeemed. Inflation-linked bonds (ILBs) issued by a government are fixed income securities whose principal value is periodically adjusted according to the rate of inflation; ILBs decline in value when real interest rates rise. Treasury Inflation-Protected Securities (TIPS) are ILBs issued by the U.S. government. Portfolios that invest in such securities are not guaranteed and will fluctuate in value.

The Consumer Price Index (CPI) is an unmanaged index representing the rate of inflation in U.S. consumer prices as determined by the U.S. Bureau of Labor Statistics. There can be no guarantee that the CPI or other indexes will reflect the exact level of inflation at any given time. It is not possible to invest directly in an unmanaged index.

Hypothetical illustrations have many inherent limitations, some of which are described below. No representation is being made that any account will or is likely to achieve results similar to those shown. In fact there are frequently sharp differences between hypothetical results and actual results subsequently achieved by any particular trading program.

One of the limitations of hypothetical results is that they are generally prepared with the benefit of hindsight. In additional, hypothetical scenarios do not involve financial risk, and no hypothetical illustration can completely account for the impact of financial risk in actual trading. For example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation if any specific trading program which cannot be fully accounted for in the preparation of a hypothetical illustration and all of which can adversely affect actual results.

The correlation of various indexes or securities against one another or against inflation is based upon data over a certain time period. These correlations may vary substantially in the future or over different time periods that can result in greater volatility.

Statements concerning financial market trends or portfolio strategies are based on current market conditions, which will fluctuate. There is no guarantee that these investment strategies will work under all market conditions or are appropriate for all investors and each investor should evaluate their ability to invest long-term, especially during periods of downturn in the market. Outlook and strategies are subject to change without notice.

PIMCO as a general matter provides services to qualified institutions, financial intermediaries and institutional investors. Individual investors should contact their own financial professional to determine the most appropriate investment options for their financial situation. This material contains the opinions of the manager and such opinions are subject to change without notice. This material has been distributed for informational purposes only and should not be considered as investment advice or a recommendation of any particular security, strategy or investment product. Information contained herein has been obtained from sources believed to be reliable, but not guaranteed. No part of this material may be reproduced in any form, or referred to in any other publication, without express written permission. PIMCO is a trademark of Allianz Asset Management of America LLC in the United States and throughout the world.

The information provided herein is not directed at any investor or category of investors and is provided solely as general information about our products and services and to otherwise provide general investment education. No information contained herein should be regarded as a suggestion to engage in or refrain from any investment-related course of action as none of PIMCO nor any of its affiliates is undertaking to provide investment advice, act as an adviser to any plan or entity subject to the Employee Retirement Income Security Act of 1974, as amended, individual retirement account or individual retirement annuity, or give advice in a fiduciary capacity with respect to the materials presented herein. If you are an individual retirement investor, contact your financial advisor or other fiduciary unrelated to PIMCO about whether any given investment idea, strategy, product or service described herein may be appropriate for your circumstances.

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