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Category: FINANCE

Posted on 27/11/2022

Singapore homeowners worried by soaring interest rates but analysts say strong job market, strict lending rules will reduce impact

When banks announced that home loan interest rates were going up, Siti (not her real name) was worried about whether the rates would continue to rise ...

Posted on 27/11/2022

Temasek’s failed investment in FTX is a ‘pain’ but let’s ‘fry other fishes’, says Ho Ching

A loss in what may turn out to be a badly managed company without adult supervision is egg on our face," writes Ho in a Facebook post on Nov 26. "It does not mitigate the loss or reduce the pain by ...

Posted on 26/11/2022

Free foldable recycling box for all residential households; nationwide collection from March 2023

Households in Fengshan, Sembawang West, Tampines North, Yio Chu Kang and Yuhua constituencies can collect their Bloobox from Nov 26 to Dec 23.

Posted on 26/11/2022

Top Stock Market Highlights: Core Inflation, Singapore Treasury Bills and US Federal Reserve

We look at the latest inflation data and also assess whether the US central bank plans to continue with its interest rate hikes. The post Top Stock Market Highlights: Core Inflation, Singapore ...

Posted on 26/11/2022

OCBC opens 20,000 sq ft lifestyle and banking space at Wisma Atria, its second-largest after OCBC Centre

OCBC Bank has opened its second-largest branch at Wisma Atria, a 20,000 sq ft lifestyle and banking space featuring six retail and F&B partners. Since the branch’s soft launch in August, OCBC says ...

Posted on 25/11/2022

OCBC opens 20,000 sq ft lifestyle and banking space at Wisma Atria, second-largest after OCBC Centre

OCBC Bank has opened its second-largest branch at Wisma Atria, a 20,000 sq ft lifestyle and banking space featuring six retail and F&B partners. Since the branch’s soft launch in August, OCBC says ...

Posted on 25/11/2022

Singapore: GDP outlook remains cautious – UOB

Senior Economist at UOB Group Alvin Liew assesses the latest GDP figures in Singapore. Key Takeaways “Singapore’s final 3Q22 GDP came in at 4.1% y/y from 4.5% growth in 2Q22, ...

Posted on 25/11/2022

Singapore: Headline CPI surprised to the downside in October – UOB

UOB Group’s Senior Economist Alvin Liew comments on the latest release of inflation figures in Singapore. “We expected inflation to slow in Oct but the pace of moderation took us by surprise. Headline ...

Posted on 25/11/2022

DBS prefers Sea over Grab in its Asean internet coverage

In the near term, DBS expects Sea’s share price to rise towards US$75 before marching towards its 12-month target of US$100.

Posted on 25/11/2022

MPs to discuss Temasek’s investment in FTX, repealing S377A and amending the Constitution to protect definition of marriage

SINGAPORE: Temasek’s investment in collapsed cryptocurrency exchange FTX will be discussed at the next Parliament sitting, which starts on Monday (Nov 28). Earlier this month, the state investment fir ...

Posted on 25/11/2022

Crypto Stars May Be Unhappy With Singapore But City State’s Businesses Laud The Regulations

His remarks come after Singapore sought to cut down on retail-investor access to crypto trading in a move to reduce consumer risks from the highly volatile market. The Monetary Authority of Singapore ...

Posted on 25/11/2022

Singapore’s inflation may have eased slightly, but central bank warns pain likely to linger

While still at 14-year highs, Singapore's core consumer price index rose 5.1% for October compared with a year ago.

Posted on 25/11/2022

New digital banks unlikely to impact financial stability as incumbents hold their ground

The Monetary Authority of Singapore’s Financial Stability Review issued on Nov 25, looked at the financial stability implications following the launch of four digital banks in Singapore, GXS Bank, ...

Posted on 25/11/2022

Headline inflation to average 4% in 2023: UOB

This projection excludes 2023 goods and services tax impact. Even as the inflation eased in October, UOB said authorities did not change their outlook for 2022 amidst uncertainties in the global ...

Posted on 25/11/2022

Sustainability: UOB, SP Group to Offset Household Electricity Carbon Emissions for UOB EVOL Cardholders

UOB EVOL cardholders will now be able "to offset 100 per cent or more of their household electricity carbon footprint for free." ...

Posted on 24/11/2022

Singapore’s Monetary Authority Under Fire For Not Placing FTX On Investor Alert List

"While both Binance and FTX are not licensed here, there is a clear difference between the two," the MAS said in a press release published Monday.

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