Daily Briefing: The difference between good and bad debt; Uber unveils hourly pay for drivers

And Cirque du Soleil returns to Singapore.

• Debt is considered to be 'good' if it is a sensible investment in your financial future or helps you to buy wealth-building assets. Bad debts are those that are unnecessary and unsustainable. It is used to buy items that you do not need and often fall in value, or it carries huge financial charges and incur high interest rates which make repayment difficult. Find out more here. 
• Uber has announced that they will be offering drivers in Singapore minimum hourly earnings during peak hours. This makes it the only private car service in the country that gives its drivers such a benefit — previously, and for other taxi booking/private car services, drivers take a proportion of their fare earnings, with no intervention by the company. Read more here.
• Cirque du Soleil's trademark blue-and-yellow big top will return to Singapore in October this year with its awe-inspiring production, TOTEM. Learn about it here.