Singapore: United Overseas Bank Ltd is betting South-East Asia will shield it from the escalating trade war between the United States and China, distancing itself from the approach of its two main rivals that have expanded their focus to Hong Kong and the mainland. “Asean will become a safe haven,” chief executive officer Wee Ee […]
Read MoreTHE Singapore FinTech Association (SFA) has launched a regtech sub-committee to promote the invention and adoption of technologies to overcome regulatory challenges in Singapore. Regtech – a subset of fintech – stands for regulatory technology, and is used to augment functions in the financial industry such as regulatory monitoring, reporting and compliance. The sub-committee will […]
Read MoreHOUSING loans in Singapore shrank for a third month in April, leading a continued contraction in consumer loans, preliminary data from the Monetary Authority of Singapore (MAS) showed on Friday. Mortgages and bridging loans booked in April on a net basis came in at S$202.76 billion, falling from S$203.38 billion in March. With housing loans making […]
Read MoreSINGAPORE – Thanks to the rising popularity of food delivery services and e-commerce, demand for food factories in Singapore is expected to stay healthy, even though the demand will likely lag behind supply in 2019-2020, said Tricia Song, head of research for Singapore at Colliers International. Her comments on Wednesday (May 29) accompany the commercial […]
Read MoreSINGAPORE: The US Treasury added Singapore, Malaysia and Vietnam to a watchlist for currency manipulation, putting their foreign-exchange policies under scrutiny. Singapore made the list because of its large current account surplus and net foreign currency purchases of at least $17 billion in 2018, equivalent to 4.6% of GDP, according to the Treasury. Malaysia was […]
Read MoreSINGAPORE – Prices of completed private apartments and condominiums in Singapore inched up 0.2 per cent in April form the previous month, after staying flat in March. The figures are flash estimates released on Tuesday (May 28) by the National University of Singapore (NUS) for its Singapore Residential Price Index (SRPI), which tracks prices of […]
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