HOUSEHOLDS and businesses can expect lower electricity bills for the next three months. Electricity tariffs for October to December are set to fall by an average of 3.3 per cent, or 0.79 cent per per kilowatt hour (kwh), compared with the previous quarter, SP Group said on Monday. The decline is due to the lower […]
Read MoreBANK lending in Singapore inched 0.6 per cent higher in August from a month ago, as continued contraction in consumer loans was offset by a rise in business loans, preliminary data from the Monetary Authority of Singapore showed on Monday. Loans through the domestic banking unit – which captures lending in all currencies, but reflects mainly Singapore-dollar […]
Read MoreSINGAPOREANS are the second-most nervous about the future impact of technology on their jobs in an 11-country survey, tied with the UK and only behind France, said global professional services firm PwC on Friday. Two in five Singaporeans (18 per cent) are concerned about how technology will affect their jobs, with over half (54 per […]
Read MoreWITH most consumers here unlikely to park more than S$20,000 in digital banks, and an expected high burn-rate for new entrants to nab credit-card users, the incumbent banks’ earnings are not at imminent risk with the eventual launch of digital banks, a CGS-CIMB report showed. CGS-CIMB estimated that just 4-11 per cent of deposits from […]
Read MoreSINGAPORE factory output plunged by 8 per cent year on year in August, extending the Republic’s manufacturing decline into its fourth month. Industrial production was dragged down by the struggling electronics sector, according to statistics released by the Economic Development Board on Thursday. Excluding output from the volatile biomedical manufacturing sector, manufacturing fell by 12.4 […]
Read MoreSWEDISH home furnishing retailer Ikea achieved a turnover of S$341 million in Singapore for fiscal 2019 ended Aug 31. For the wider South-east Asia region, total revenue climbed by 20 per cent to reach S$1.21 billion for FY2019 from S$1 billion a year ago, according to the regional financial results released on Wednesday evening by […]
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