SINGAPORE (THE BUSINESS TIMES) – The amount of money directed into digital banking investments has shot up amid Covid-19 and efforts by banks to boost their online offerings, according to a new global study. The study by software firm Finastra found that 90 per cent of 785 financial service professionals surveyed globally said the pandemic had accelerated […]
Read MoreSINGAPORE – Singapore’s labour market continued to recover in May, latest figures from the Ministry of Manpower showed on Thursday (July 1). The resident unemployment rate, which covers Singapore citizens and permanent residents, fell for the seventh consecutive month. It declined to 3.8 per cent, from 3.9 per cent in the preceding month. Meanwhile, unemployment among […]
Read MoreSINGAPORE – Private home prices in Singapore rose for the fifth straight quarter but at a much slower pace, dampening speculation of another round of property curbs in the near future. The 0.9 per cent price gain in the three months to June from the previous quarter follows an increase of 3.3 per cent in the […]
Read MoreTHE Monetary Authority of Singapore (MAS) remains “highly vigilant” to the risk of a sustained increase in housing prices relative to income trends, with a prolonged divergence seen as unsustainable, said a top executive from MAS. In his opening remarks at the launch of MAS’s annual report, managing director Ravi Menon noted that the property […]
Read MoreSINGAPORE (THE BUSINESS TIMES) – Bank lending in Singapore rose 0.2 per cent in May as business loans pick up and loans to consumers hold steady, data from the Monetary Authority of Singapore showed on Wednesday (June 30). Loans through the domestic banking unit – which captures lending in all currencies, but reflects mainly Singapore-dollar lending […]
Read MoreSINGAPORE – With Singapore’s economic recovery set to pick up pace in the second half of 2021, the financial sector is also on its way for another year of robust growth, the central bank said as it released its annual report on Wednesday (June 30). The Monetary Authority of Singapore (MAS) estimates the financial services sector […]
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