Singapore’s financial regulator, The Monetary Authority of Singapore, recently announced plans to grant up to five digital bank licenses. Applications which are open to non-bank participants will ... ( read original story ...)
Singapore virtual banks to snag up to 2% market share
"The commercial banks in Singapore are not as active in the unsecured space," said Simon Chen, a bank analyst at Moody's Investors Service in Singapore. "It's a small proportion of the banks' loan ... ( read original story ...)
Property market remains resilient despite school holidays
Demand for new homes in June - typically a slow month in the Singapore property market due to the school holidays - appeared resilient although developers sold fewer units. Analysts noted that last ... ( read original story ...)
Myanmar nationals stage protest outside Singapore Embassy in US capital
The protest was held in support of several Myanmar nationals who were recently arrested in Singapore, according to a Burma News International report. Another protest was scheduled to be held outside ... ( read original story ...)
IMF cuts forecast for Singapore’s 2019 economic growth to 2%
SINGAPORE (Reuters) - The International Monetary Fund (IMF) has trimmed its 2019 economic growth forecast for Singapore to 2% from 2.3%, the Washington-based lender said on Tuesday, as global trade ... ( read original story ...)
Singapore 2019 Economic Growth Outlook Lowered to 2% by IMF
The International Monetary Fund sees Singapore’s economic growth slowing to 2% in 2019 as global trade tensions hurt external demand. Growth will probably stabilize in the “medium term” around 2.5%, ... ( read original story ...)
IMF says Singapore’s financial sector oversight ‘among the best globally’ but sees economy slowing to 2%
SINGAPORE (July 16): The International Monetary Fund (IMF) has reaffirmed Singapore’s financial sector oversight to be “among the best globally”. The economic fundamentals of Singapore were strong and ... ( read original story ...)