In Singapore, it appears that pets are currently regarded as personal property, with some focus placed on their well-being. This is reflected in the 2011 case of Tan Huey Kuan (alias Chen Huijuan) v Tan Kok Chye, which involved a dispute over the ... ( read original story ...)
Singapore bank lending up 0.6% in November: MAS
SINGAPORE - Bank lending in Singapore rose 0.6 per cent in November from the previous month, preliminary data from the Monetary Authority of Singapore on Friday (Dec 29) showed. This was weaker when compared with the 1.4 per cent monthy-on-month gain in ... ( read original story ...)
Singapore Central Bank Urges ‘Extreme Caution’ on Bitcoin Investment
The Monetary Authority of Singapore (MAS), the country’s de facto central bank, has become the latest financial watchdog to issue a warning on the risks of investing in cryptocurrencies. Citing the recent “speculative” escalation in prices across ... ( read original story ...)
Keep an eye on mortgage rates
DBS Bank, OCBC Bank and United Overseas Bank (UOB ... In October, less than two months ago, the rate was 1.68 per cent. The three-month Singapore interbank offered rate (Sibor), the benchmark interest rate to which home loans are pegged, has climbed ... ( read original story ...)
Singapore central bank warns against investing in cryptocurrencies
SINGAPORE (Reuters) - Singapore’s central bank issued a warning against investment in cryptocurrencies on Tuesday, saying it considers their recent price surge to be driven by speculation and that there is a risk investors could lose all their capital. ( read original story ...)
Singapore issues more financial bans related to 1MDB scandal
SINGAPORE (Reuters) - Singapore’s central bank on Tuesday said it had permanently barred Yeo Jiawei, a former wealth manager of Swiss bank BSI involved in breaches related to Malaysia’s 1MDB fund, from managing financial services firms and advisory ... ( read original story ...)
5 More Hidden Property Jewels
Singapore’s property market is on the verge of an uptrend, according to Morgan Stanley. Analysts at Morgan Stanley expects Singapore’s property prices to climb by as much as eight percent in 2018. Along with other research houses, Morgan Stanley ... ( read original story ...)
Singapore unveils fresh step to curb unsecured borrowing by individuals
SINGAPORE, Dec 15 (Reuters) - Singapore’s central bank announced a new measure on Friday aimed at preventing individuals from accumulating excessive unsecured debts. The step will cap the additional unsecured credit that a financial institution can ... ( read original story ...)
Oxley acquires Chevron House, property developer Centra Cove
as well as Singapore property developer and investment holding company Centra Cove for a cash consideration of US$12 million (S$16.2 million). Deka Singapore A Pte Ltd has sold Chevron House, a 32-storey commercial development with 27 levels of office ... ( read original story ...)
Asia’s Top Inflation-Targeting Bank May Be Preparing to Hike
an economist at DBS Group Holdings Ltd. in Singapore who predicts a rate increase this week. “Given the expansionary fiscal policy and strong investment growth, a rate hike is probably warranted to prevent overheating risks.” The central bank adopted ... ( read original story ...)
Singapore’s latest population demographics: what it means for housing
The only recent piece of analysis that leaves much food for thought is Ku Swee Yong’s three-part articles on Big Singapore Market Upgrade – Hype or Reality? where he questions Morgan Stanley’s remarks about “property prices on track to double by ... ( read original story ...)
Singapore slightly lowers supply of land for private housing in first-half 2018
SINGAPORE (Reuters) - Singapore slightly lowered the amount of land it plans to sell for private housing in the first half of 2018 as the government seeks to strike a balance between a potential future glut of residential units and current demand from ... ( read original story ...)
Chinese co-working space operator opens second Singapore outlet
The company signed a memorandum of understanding with trade agency IE Singapore and property giant CapitaLand last December to help Singapore firms break into the China market by offering co-working spaces as well as business advisory services. South-east ... ( read original story ...)
Bank exec jailed 15 weeks for taking upskirt videos of women including two colleagues
SINGAPORE - A bank executive who took upskirt videos of 17 women, including two colleagues, was jailed for 15 weeks on Monday (Dec 11) and fined $600. Ong Pang Beng, 36, who faced 19 charges, pleaded guilty to seven charges of insulting the modesty of a ... ( read original story ...)
Singapore banking stocks supported by undemanding valuations, strong economic growth
Bankruptcy orders in Singapore continues to decline and Hong Kong mortgage delinquency ratio remains low at 0.02%. In the offshore oil and gas sector, semi-submersibles utilisation could be bottoming out and jackups utilisation has recovered to levels last ... ( read original story ...)
Singapore latest population demographics: what it means for housing
The only recent piece of analysis that leaves much food for thought is Ku Swee Yong’s three-part articles on Big Singapore Market Upgrade – Hype or Reality? where he questions Morgan Stanley’s remarks about “property prices on track to double by ... ( read original story ...)