Cash-Strapped Singapore Firms Turn to Bartering

[ByLoSellHi]

http://news.bbc.co.uk/2/hi/business/8052357.stm

Bartering is great, because it's extremely efficient, and cuts many ordinary transactional costs.

 

[achilles28]

No tax with barter!

Governments don't like that!

 

[bespoke]

"We have even sent electronic goods to Nigeria," says Lee Oi Kum, executive chairman of Barterxchange.

when will people learn....

 

[NazSpaz]

Quote from bespoke:

when will people learn....

Dang they beat me to it, now they'll be the ones getting the Nigerian General's $20 mil. I could have used the extra cash, oh well.

 

[Sell 'em]

Quote from ByLoSellHi:

http://news.bbc.co.uk/2/hi/business/8052357.stm

Bartering is great, because it's extremely efficient, and cuts many ordinary transactional costs.

This story is complete BS. That Barterxchange has been around for several years and this same article ran locally ~4 years ago. Nothing new ...