Mortgage rates have gone up nine weeks in a row -- something that's happened only one other time in the last 31 years. But that doesn't tell the whole story. Mortgage rates have risen 12 of the last 13 weeks. Guess what happened that one week when they ... ( read original story ...)
Singapore’s year of misbehaving moneymen puts financial watchdog on high alert
Ravi Menon, the head of Singapore’s central bank, summed up the city’s mood as the 1MDB-related cases escalated in July: “We can do better.” “2016 was the year of significant crackdown in Singapore,” said Hamidul Haq, a lawyer at Rajah & Tann ... ( read original story ...)
New property launches in 2016: What did well, and why
2016 has been a watershed year for the Singapore property market. Nevertheless, the year saw some major deals and noteworthy new property launches take place. As the year comes to a close, let us reminisce what captured attention in the property scene ... ( read original story ...)
Singapore bond market faces S$22bn refinancing bill
"Primary issuance in the Singapore dollar bond market should be better in 2017, coming off this year's lows and, hopefully, no further big shocks will affect the SGD market," said Tan Kee Phong, head of capital markets at OCBC Bank. "This year, the ... ( read original story ...)
DBS: This Singapore Bank Has Another 22% Upside
It’s taken longer than expected, but Barron’s Asia’s tip to buy shares in DBS Group finally proved to be on the money. We advised depositing DBS (D05.SG) in your portfolio back in February when Singapore’s biggest lender was trading at under SGD14 ... ( read original story ...)
Asia stocks mostly higher, dollar claws back some losses
SINGAPORE (Reuters) - Asian stocks were mostly higher on Tuesday ... European stocks were little changed on Friday, although banks rose after Deutsche Bank and Credit Suisse settled investigations into U.S. mortgage securities sales, while ... ( read original story ...)
The 10 Largest Companies Listed In Singapore: No.4 To No.1
For the fifth and the sixth, check out here. Counting Down To No.1 At fourth place is United Overseas Bank Ltd (SGX: U11), one of the largest financial companies in Southeast Asia. The Singapore-based bank provides a wide range of financial services globally. ( read original story ...)
Singapore inflation flat in November
said CIMB Private Bank economist Song Seng Wun. Last month's non-negative inflation reading also reflected a pick-up in services and food inflation, the Monetary Authority of Singapore and the Trade and Industry Ministry said yesterday. Food inflation ... ( read original story ...)
Malaysia’s central bank takes action against firm over ringgit trade
KUALA LUMPUR — Bank Negara Malaysia said it was taking action against ... fines for “cartel conduct” when trading ringgit foreign exchange contracts out of Singapore in 2011. The two banks said they offered to pay the fines after the antitrust ... ( read original story ...)
CreditEase Wealth Management Wins China’s “Best Non-Bank Private Wealth Product” Award
BEIJING, Dec. 26, 2016 /PRNewswire/ — CreditEase Wealth Management was named winner of the “Best Non-Bank Private Wealth Product” by The Asian Banker, a Singapore-based leading provider of strategic intelligence on the financial services industry ... ( read original story ...)
Asia stocks flat in muted session, dollar recovers some losses
SINGAPORE (Reuters) - Asian stocks were little changed on Tuesday ... European stocks (.STOXX) were little changed on Friday, although banks rose after Deutsche Bank (DBKGn.DE) and Credit Suisse (:CSGN.S) settled investigations into U.S. mortgage ... ( read original story ...)
Property company, director fined $215,000 for unlicensed work
Franks Property and its sole director and shareholder, Lim Koon Heng, 70, previously held a House Agent Licence issued by the Inland Revenue Authority of Singapore (IRAS). After the CEA’s formation in October 2010, all property agencies and agents were ... ( read original story ...)
Singapore Property Outlook – 2017
Singapore’s property market is heading for a rough ride in 2017. I am definitely not sanguine of its outlook forward. There must be some strong views to offer in the contrary, however fanatics and/or ludicrous of vain dreams. The massacre of invested ... ( read original story ...)
Recap of 2016
They also gave their predictions for 2017. Another year is ending and a new one begins. Many analysts thought 2016 would be a turning point for Singapore’s property market, and expected the cooling measures to be relaxed. However, the government ... ( read original story ...)