Home owners in Singapore can expect to pay a higher monthly instalment on their housing loans, on the back of a rate hike by the United States Federal Reserve. The US central bank raised its benchmark federal fund rate - the rate banks charge each other ... ( read original story ...)
The Largest Banks of Southeast Asia
With a total asset of $322.8 billion USD, the DBS Bank of Singapore is Southeast Asia's largest bank. A signboard outside the DBS Bank, the largest bank in Southeast Asia. The banking sector in Southeast Asia has outperformed the global banking sector ... ( read original story ...)
Singapore Beefing Up Cyber Defenses
In the wake of a recent breach of the Singapore Ministry of Defense's I-net system, which provides internet access to military personnel and other employees for their personal communications, the ministry has unveiled a cyber defense strategy to help guard ... ( read original story ...)
Michelle Wie shares lead at Bank of Hope Founders Cup
PHOENIX — This just in: Singapore was no fluke. Michelle Wie owns a share of the lead at the Bank of Hope Founders Cup after a smoking 7-under 65. The former prodigy and Nike fashionsta posted a couple late bogeys on her front nine and made the turn ... ( read original story ...)
Singapore's surprise property moves applauded by businesses
Singapore's largest listed property firm is broadly welcoming revisions to the city-state's property cooling measures after more than 3 years of sinking prices. "Together with the government's policies to support population and economic growth, such ... ( read original story ...)
Singapore regulator reports successful inter-bank payments using blockchain
Blockchain is best known for underpinning trading involving the digital currency bitcoin, but it has many other potential uses. Broadly it is a shared digital ledger for recording information, such as the transfer of assets between two or more parties. ( read original story ...)
Worse dictators in the world keeps coming to Singapore?
And Cahuzac provided a fake tax certificate when he transferred the money to Singapore, reports say.” (“Disgraced budget minister had 15 million in Swiss account, report“, 7 Apr, 2013) The story on Deutsche Bank alleges that more than 100 customer ... ( read original story ...)
Xero's Asia pathway widens with bank feeds
The Wellington-based cloud accounting software developer this week signed deals with the Hong Kong Shanghai Banking and the Development Bank of Singapore to bring the Asian lenders into Xero's expanding 'financial web'. The HSBC deal will let Hong Kong and ... ( read original story ...)
Tweaks to some property cooling measures will not have significant impact: Analysts
SINGAPORE: The Government’s tweaks to some residential property measures on Friday (Mar 10) are a timely move, but observers said these adjustments are unlikely to have a significant impact on the local property market. Even as the announcements marked ... ( read original story ...)
Singapore’s central bank is ready to use the blockchain for inter-bank payments
The Monetary Authority of Singapore (MAS) announced today it has completed a proof-of-concept trial of using distributed ledger technology (DLT – of which the blockchain is a type) to power domestic inter-bank payments. The announcement was made during ... ( read original story ...)
UPDATE 1-Singapore eases property curbs slightly as economy struggles
SINGAPORE, March 10 Singapore is cutting stamp duties sellers are required to pay on residential properties and easing some rules on borrowing thresholds, as part of a slight relaxation of property curbs imposed since 2009 to rein in the market. Volumes of ... ( read original story ...)
Singapore OCBC Bank to initiate robo-advisory service
SINGAPORE: OCBC Bank is piloting a robo-advisory service for investors to help them monitor and manage their investments, using an algorithm-based formula. The online platform will offer clients direct advice on balancing investment portfolios without ... ( read original story ...)
Should I pay down home loan using CPF OA?
Throughout our years as Mortgage Brokers in Singapore, we have come across many couples, men want to leverage (mostly) while women want to keep their home safe and want to pay down debt. The differences in behaviour could be traced to evolutionary ... ( read original story ...)
Why you should get a 10-year mortgage now
But borrowers worried about the potential effect on interest rates can lock in decent mortgage rates to see them securely through the next decade. According to rate scrutineers at Moneyfacts, three years ago there were only eight 10-year fixed-rate home ... ( read original story ...)
OCBC joins DBS-UOB in New Launch price war
Apply BUC Home Loan here through us a Mortgage Broker and get $100 voucher* offered by our partners. (Check for Eligibility) Now that 3 banks have joined the war, will there be more? Buying a House in Singapore has never been more exciting. As long as ... ( read original story ...)
Singapore property still a top draw for Asia's ultra-rich
SINGAPORE's property market remains high on the agenda of Asia's ultra-rich, notwithstanding the cooling measures still in place. Its commercial properties are a top consideration for Asian ultra high net worth individuals (UHNWIs) keen on this asset class ... ( read original story ...)