SINGAPORE banks are unlikely to replicate the tremendous year they had in 2023, which saw them report record earnings thanks to Goldilocks conditions. Higher interest rates boosted their interest ...
Despite some misbehaving customers, Singapore’s heartland shops warm to CDC vouchers as scheme enters 5th year
Merchants and hawkers tell CNA the cash has generally helped their business, with some patrons spending more on things like hair perms and even mobile phones.
HSBC expects commodity prices to remain high in 2024, drop in 2025
HSBC forecast on Tuesday (Jan 2) that squeezed supply, improved Chinese demand and the global energy transition will keep commodity prices elevated in 2024, before falling the following year. Read ...
Woman says her investments “not doing great” so she keeps S$200K “safe” in the bank
SINGAPORE: In a recent social media post, user u/WestgateLaksa sparked a discussion about financial strategies... The post Woman says her investments “not doing great” so she keeps S$200K “safe” in th ... ( read original story ...)
Singapore House Price Growth Slows For Second Year, Sales Hit 7-Year Low: URA
House prices in Singapore grew at a slower pace for the second year in a row in 2023, though sales volumes were the lowest in seven ... ( read original story ...)
HSBC Wraps Up Sale of France-Based Retail Banking Business
HSBC Holdings HSBC has completed the divestiture of its France-based retail banking business. The company sold the business to Crédit Commercial de France (“CCF”), a subsidiary of My Money Group, ...
Car importer fined $3.6m for evading Customs duty, GST on 983 motor vehicles
SINGAPORE – A 47-year-old man was fined $3.6 million on Jan 2 for evading Customs duty and the goods and services tax on 983 motor vehicles he imported into the Republic between November 2018 and ...
A woman in Singapore pours boiling soup on friend after argument; pleads guilty in court
Following an argument she had with a friend, a woman poured boiling soup from a hotpot on him, causing him to suffer severe burns.
2024 Outlook for Singapore’s Property Sector, and Top S-REITs to Look Out For
Singapore’s residential property sector may finally be cooling down. Is it time to start investing in S-REITs once more? ( read original story ...)
Economists more optimistic for 2024 as Singapore economy ends 2023 on a higher note
Economists are looking at 2024 with more optimism after Singapore’s economy grew faster than expected in the final quarter of 2023, with the manufacturing sector finally returning to growth.
Singapore stocks end lower in first 2024 session; STI down 0.3%
SINGAPORE stocks started 2024 weaker amid mixed trading across the region. The benchmark Straits Times Index (STI) fell 0.3 per cent or 10.32 points to close at 3,229.95 on Tuesday (Jan 2). Shares of ...
Singapore Stock Market on sale! Analysts say it’s severely undervalued
SINGAPORE: Insiders said that the Singapore stock market is severely undervalued, supported by metrics such... The post Singapore Stock Market on sale! Analysts say it’s severely undervalued appeared ...
Singapore’s Navy inks modernization deals amid personnel shortage
The country has embarked on numerous joint training exercises and sent troops to various countries to ease the problem, but end strength remains a problem.
Singapore economy grew 1.2% in 2023 -PM Lee
Singapore’s economy avoided a recession and expanded 1.2 percent in 2023, Prime Minister Lee Hsien Loong said Sunday, warning however that geopolitical risks will weigh on next year’s growth. The affluent city-state’s economic performance is often seen as a barometer of the global environment because of its reliance on international trade.
Singapore increases goods and services tax
Singapore raised its goods and services tax (GST) from 8% to 9% on January 1. The GST hike has caused concern among Singaporeans, and many bookstores, and art dealers and theatre companies, in the ...
UOB Kay Hian downgrades Singapore banking sector to ‘market weight’ amid anticipated interest rate downcycle
UOB Kay Hian analyst Jonathan Koh has downgraded the Singapore banking sector to “market weight” amid an upcoming interest rate downcycle. The US Federal Reserve has paused its rate hike for the third ...