WASHINGTON – Singapore’s economy has been ranked the most free in the world this year in the Heritage Foundation’s 2021 Index of Economic Freedom, the second year in a row it topped the list. The Republic scored 89.7 points, with its overall score having increased by 0.3 points from 2020, primarily because of an improvement in […]
Read MoreSINGAPORE: Singapore’s central bank has told financial firms to be vigilant to any suspicious transactions or fund flows between the city-state and Myanmar, a circular seen by Reuters showed, citing concerns over the potential for financial crimes. In the Feb 25th circular, the Monetary Authority of Singapore (MAS) reminded all chief executives of financial institutions […]
Read MoreSINGAPORE’S overall and resident unemployment rates continued to fall in January, while citizen unemployment held steady, according to latest figures released by the Ministry of Manpower (MOM) on Wednesday. The overall unemployment rate edged down to 3.2 per cent, from 3.3 per cent in December, while the resident unemployment rate was 4.3 per cent, down […]
Read MoreDIGITAL wallets are poised to overtake credit cards to become the most popular online payment method in Singapore by 2024 amid the e-commerce boom fuelled by the pandemic. Their soaring popularity in the e-commerce market came largely at the expense of credit cards, bank transfers and cash on delivery, according to the latest global payments […]
Read MoreSINGAPORE – The nascent economic recovery that started in the later half of 2020 has improved the financial health of most Singapore residents, but some segments of the population are still struggling, a DBS Bank report found. The path to recovery from the coronavirus-induced recession is likely to be uneven and may require more sustained […]
Read MoreSINGAPORE – Singapore has become one of the world’s most sought-after locations for buying investment homes as its safe-haven reputation has been further strengthened by successfully managing the coronavirus pandemic and supporting businesses. According to Knight Frank’s Wealth Report, while private home prices in Singapore’s prime districts dipped 0.2 per cent in 2020 as travel restrictions […]
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