SINGAPORE, Aug 31 (Reuters) - Singapore's total bank lending in July fell 0.5 percent from June, due to a decline in loans to businesses, central bank data showed on Thursday. Loans and advances by domestic banking units in the city-state amounted to S$632 ... ( read original story ...)
SIBOR Mortgage Loans – Here’s Why So Many Singaporeans Are Refinancing Now
To sip on cocktails from The Other Room’s new secret menu, you’ll first have to try all 30 of its signature drinks Singapore homebuyers have had ... that means you need to fork out more cash in home loan repayments every month. That could explain ... ( read original story ...)
Foreign demand muted due to strict stamp duty, strong Sing dollar
The proportion of foreign property buyers in Singapore remains low, data shows. With the Additional Buyer’s Stamp Duty (ABSD) and strengthening Singapore dollar, foreign demand for homes in Singapore remained muted even as private home sales soared 50 ... ( read original story ...)
Housing market rebound fuelled by local demand
Singaporeans account for close to 80 percent of private home buyers here. Local buyers have been driving Singapore’s resurging residential property market, accounting for 77.6 percent of private home buyers during the first seven months of 2017 ... ( read original story ...)
Credit Suisse Sued by Billionaire in Singapore and New Zealand
Claims bank is blocking access to evidence in separate case Georgian billionaire Bidzina Ivanishvili sued Credit Suisse Group AG in Singapore, New Zealand and Bermuda, alleging the bank must have known about the actions of a former employee who forged ... ( read original story ...)
Which Singapore-Listed Bank Is Cheaper Than the Market Now?
The three listed banks in Singapore are DBS Group Holdings Ltd (SGX: D05), Oversea-Chinese Banking Corporation Limited (SGX: O39) and United Overseas Bank Ltd (SGX: U11). The banks make up close to 37% of the Straits Times Index (SGX: ^STI) and are loved ... ( read original story ...)
India’s foreign reserves at record high: DBS
SINGAPORE: India's foreign reserves continue to march to record highs, touching USD 393 billion early this month backed by strong foreign portfolio and investment flows, according to Development Bank of Singapore (DBS). "Strong year-to-date foreign ... ( read original story ...)
Singapore Property Awaits Its Sail Moment
Almost exactly 13 years ago, Kwek Leng Beng, the billionaire chairman of City Developments Ltd., then Singapore's biggest builder by market value, did something outlandish. Together with partner AIG Global Real Estate, he launched Sail@MarinaBay, an ... ( read original story ...)
Five luxury property markets set to rise in 2017
This is according to international property consultant Knight Frank, which has listed Shanghai, Sydney, Singapore, Monaco and Dubai as the top destinations for luxury property investment for the super-rich. Knight Frank’s Prime International Residential ... ( read original story ...)
Singapore to host global housing forum
Singapore is set to host the International Housing Forum (IHF 2017), where about 400 professionals and policy makers from around the world will meet together to share ideas and good practices on planning and providing homes. To be held at HDB Hub on 7-8 ... ( read original story ...)
Bank Negara says statement on SGX’s ringgit futures trading was meant for Malaysians
SINGAPORE: Bank Negara Malaysia on Friday (Aug 18) said that its recent statement which criticised the Singapore Exchange’s (SGX) trading of ringgit futures was meant for Malaysians. In a news conference, Malaysian central bank governor Muhammad Ibrahim ... ( read original story ...)
Private banks EFG, VP Bank to raise headcount in Singapore
SINGAPORE: Lichtenstein-based VP Bank and Zurich-based EFG are planning to hire more staff in Singapore. Private bank VP Bank, which has been in Singapore since 2008, currently employs about 40 staff here and told Channel NewsAsia that it aims to double ... ( read original story ...)
KKH launches Singapore’s first human milk bank
SINGAPORE — Premature and very sick babies here whose mothers cannot produce enough milk will be able to safely draw from Singapore’s first human milk bank, which was launched on Thursday (Aug 17). The three-year pilot programme will first benefit ... ( read original story ...)
Singapore surpasses Hong Kong in liveability ranking
For the first time, Singapore has surpassed Hong Kong in the annual global liveability ranking by the Economist Intelligence Unit (EIU), as it snagged its highest-ever ranking at 35th place, reported Channel News Asia. The survey attributed Singapore’s ... ( read original story ...)
Singapore launches first human milk bank
SINGAPORE — Mothers who do not have enough breast milk to feed their premature or sick infants will now be able to draw on Singapore’s first human milk bank – launched on Thursday (Aug 17) as part of a new three-year pilot between KK Women’s and ... ( read original story ...)
Singapore bank stocks battered by more O&M bad news
SINGAPORE: Singapore banks’ exposure to the oil and gas sector is back in the spotlight after the surprise suspension of Ezion Holdings and heavy quarterly losses – totalling almost S$1 billion – suffered by Nam Cheong and Marco Polo Marine. ( read original story ...)