SINGAPORE: Singapore’s financial regulator will stick with its plans to award digital banking licences by the end of the year, undeterred by tightening scrutiny in China and the United States that’s hitting major Chinese applicants. “Regulatory tightening that’s happening in China will not have an impact on the digital banks here, ” Ravi Menon, managing […]
Read MoreSINGAPORE – Covid-19 has put additional stress on Singaporeans’ financial well-being, according to the latest survey by OCBC. Although most Singaporeans are good at the “basics”, particularly saving their money, many are now struggling to keep up with housing loan payments and maintaining their usual level of passive income. The OCBC Financial Wellness Index, which […]
Read MoreSINGAPORE: While Singapore is turning the corner in its economic recovery, it still has a long way to go as it adapts to the new realities of the Covid-19 world, said Trade and Industry Minister Chan Chun Sing yesterday. The improvement in Singapore’s economy in the third quarter of 2020 shows that the Republic is […]
Read MoreSINGAPORE: Singapore said its economy will probably expand 4% to 6% next year amid a global recovery from the worst of the coronavirus pandemic and as travel restrictions and local safety measures are eased. The city-state also narrowed its forecast for this year’s contraction, the Trade and Industry Ministry (MTI) said in a statement, highlighting […]
Read MoreSINGAPORE’S official economic outlook has been cut again, as the gross domestic product (GDP) print for the third quarter was revised upwards by less than expected. The Ministry of Trade and Industry (MTI) on Monday narrowed its forecast contraction to between 6 per cent and 6.5 per cent in 2020, from 5 per cent to […]
Read MorePUTTING the Singapore-Hong Kong air travel bubble on hold at the eleventh hour has no doubt caused disappointment and frustration. It was, however, a wise move that will inspire trust and confidence in the bilateral quarantine-free travel arrangement between the two Asian hubs. Less than 24 hours before the scheduled, much-anticipated launch of the travel […]
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