This is seven per cent of the property value for the second house, for Singapore citizens (it’s 10 per cent for Permanent Residents, and 15 per cent for foreigners). And even Singapore citizens will pay the full 15 per cent ABSD, on the third and ... ( read original story ...)
Investment properties in Singapore are red hot for Malaysian investors
Malaysians are increasingly looking to Singapore for investment properties. This according to global property consulting firm Knight Frank. Speaking at the launch of the 12th edition of The Wealth Report in Malaysia, Knight Frank Malaysia executive ... ( read original story ...)
Two weekend property launches see keen take-up rates
Savills Singapore research head Alan Cheong noted that the sales ... they may be able to sell their units at expected selling prices," he said. JPMorgan property analyst Brandon Lee said he believes the prices achieved in these new launches "will further ... ( read original story ...)
HDB Or Bank Loan: Pros & Cons To Consider Before Deciding On Which Housing Loan To Take
One of the first financial decisions that Singapore families will have to make when buying a HDB flat is the type of housing loan to take. In essence, we have two choices. We can opt for a HDB loan or a bank loan. But which should you opt for? In recent ... ( read original ...
These banks in Singapore will hire you without an elite foreign degree
Didn’t study at an elite overseas university, but still want to work at a global investment bank in Singapore? Here’s where to apply. https://news.efinancialcareers.com/sg-en/278229/beware-sg-hk-banking-recruiters/ Couldn’t afford to study at an ... ( read original story ...)
How Currency Movements Affect Singapore Interest Rates And Your Interest Rate Sensitive Stocks & Financial Assets
There is a rather good summary in Bloomberg on why Singapore’s Central Bank do not hold a Key Interest Rate. I think its a good read, a good refresh to go through some thought process when it comes to how externalities affect your Singapore investments ... ( read original story ...)
CBI questions ICICI Bank CEO Chanda Kochhar’s brother-in-law in Videocon deal investigation
Unidentified officials said Rajiv Kochhar was scheduled to fly to Singapore. “A team got Kochhar to the agency ... The CBI has initiated a preliminary inquiry to determine whether ICICI Bank broke the law by sanctioning the Rs 3,250-crore loan to ... ( read original story ...)
ASEAN finance ministers, central bank governors reaffirm commitment to AEC Blueprint 2025
SINGAPORE, April 6 (Xinhua) -- The ASEAN (the Association of Southeast Asian Nations) finance ministers and central Bank governors on Friday reaffirmed their commitment to the bloc's economic community blueprint 2025. The blueprint 2015 includes strategic ... ( read original story ...)
ICICI Bank loan case: CBI questions Rajiv Kochhar and Venugopal Dhoot’s close aide
ICICI Bank loan case: Rajiv Kochhar was questioned for the third consecutive day in connection with the case. According to the agency officials, he was asked about the role of his Singapore-based company Avista Advisory in the restructuring of loan ( read original story ...)
Nuo opens a cryptocurrency bank branch in Singapore – From virtual to an actual bank!
Varun Deshpande, the Co-Founder of Nuo, which is a virtual bank for cryptocurrencies, announced on Twitter that they are going to open a bank branch for cryptocurrency in Singapore. He also stated that they will open an ATM for cryptocurrencies as well. ( read original story ...)
Singapore seen poised for first monetary policy tightening in six years
SINGAPORE (Reuters) - Singapore’s central bank is expected to tighten monetary policy in April for the first time in six years, with economic growth seen solid enough to shift away from a stance associated with periods of acute weakness. Twelve of 19 ... ( read original story ...)
Bank of Thailand governor says accommodative policy needed
SINGAPORE: Thailand’s monetary policy should remain accommodative to nurture the economic recovery and as inflationary pressure remains weak, central bank Governor Veerathai Santiprabhob said. Thailand is still in the “early stage of a recovery of ... ( read original story ...)
Singapore calls for more efforts to crowd in private capital on ASEAN infrastructure projects
Heng said that the infrastructure opportunities in ASEAN would require significant financing, when he delivered his keynote speech at the 8th World Bank-Singapore Infrastructure Finance Summit. He quoted Asian Development Bank's report as saying that for ... ( read original story ...)
Is Sun Life Financial Inc. or Bank of Nova Scotia Better for International Exposure?
Through its subsidiaries or partnerships, Sun Life has foreign operations in the U.K., Ireland, Hong Kong, Bermuda, India, Malaysia, Vietnam, the Philippines, Singapore ... the stock provides a yield of 3.5%. Bank of Nova Scotia’s international division ... ( read original story ...)
UN’s top court to hear Malaysia vs Singapore island row
After years of failed negotiations, the parties turned to ICJ, which in 2008 ruled the island belonged to Singapore. Another rocky outcrop called Middle Rocks was found to belong to Malaysia, while a low-tide bank called South Ledge was deemed to be in ... ( read original story ...)
Singapore’s 1Q GDP growth to exceed 4% on-year: Maybank forecasts
SINGAPORE (April 5): Maybank Kim Eng expects Singapore’s central bank to normalise and shift to a “slight appreciation bias” for the S$NEER band from its current neutral stance, which has been in place since April 2016. This comes prior to the MAS ... ( read original story ...)