Singapore economy could expand 2.3% in 2017: Deutsche Bank

Singapore - The Singapore economy could expand 2.3 per cent year on year in 2017, with a further rise to 3 per cent in 2018, said Deutsche Bank in a report this week. Still, it cautioned that "such a growth increment (is) hardly any reason to cheer about ... ( read original story ...)

Median salary to rise next year

The median base salary in Singapore is expected to rise 4.7 per cent in 2017, after factoring in disinflation, higher than the 3.7 per cent increase this year, said a report by Korn Ferry Hay Group yesterday. This would be ahead of Asia's real wage growth ... ( read original story ...)

More retirees seeking financial assistance

Singapore Management University law don Eugene Tan suggested that more be done to spur people to have financial literacy and plan for their retirement. Retired cleaner Tan Cheng Yan, 61, has a monthly Central Provident Fund payout of $700 but hopes to ... ( read original story ...)

Understanding rental yields in Singapore

Singapore’s property market is especially attractive for several reasons. The city-state has an infrastructure and facilities that are on par with the best in the world. It is a regional financial hub and many of the world’s foremost financial ... ( read original story ...)

Patriotic art wins UOB prize

Indonesia's Gatot Indrajati “brushed aside” artists from Thailand, Malaysia and Singapore to win the grand prize in the UOB Southeast Asian Painting of the Year Awards in Singapore last Wednesday. His colourful mixed-media-and-acrylic “Right or Wrong ... ( read original story ...)

Crowdfunding start-up OurCrowd opens office in Singapore

The move comes after the start-up received its Capital Market Services licence from the Monetary Authority of Singapore in August. In March, United Overseas Bank (UOB) announced its US$10 million (S$14.3 million) investment in the start-up for an ... ( read original story ...)

Singapore's 3Q private spending slowest in four quarters

UOB notes that this is possibly a result of the weaker real wage growth and less-tight labour market, and evident in the contraction in Singapore’s retail sales numbers over the past year. "Faced with the onset of poorer economic prospects and job market ... ( read original story ...)

Singapore shares flat ahead of ECB meeting

Profit-taking on DBS Group, Genting Singapore, Wilmar International and Global Logistic ... Strong buying interest in UOB Group and Singtel helped bolster the market. UOB rose 0.9 per cent or 18 cents to $21.01, while the telco climbed 0.3 per cent or ... ( read original story ...)