SINGAPORE – Singapore is considering more safeguards to protect consumers after the plunging prices of crypocurrencies triggered a series of prominent players, including firms based here, becoming insolvent. Senior Minister and Coordinating Minister for Social Policies Tharman Shanmugaratnam on Monday (July 4) said the Monetary Authority of Singapore (MAS) has been “carefully considering” having additional […]
Read MoreSINGAPORE – Factory activity in Singapore clocked its 24th consecutive month of expansion in June, although growth slightly slowed compared with May. The June reading of the Singapore Purchasing Managers’ Index (PMI) came in at 50.3, 0.1 point lower than for the previous month, said the Singapore Institute of Purchasing and Materials Management (SIPMM) on Monday […]
Read MoreTHE Urban Redevelopment Authority’s (URA) flash estimate for the second quarter of 2022 shows that the overall price index for private homes rose 3.2 per cent over the preceding quarter. This follows a 0.7 per cent gain in Q1 this year. Year on year, the index is up 10.3 per cent, according to the URA […]
Read MoreSINGAPORE’S Ministry of Trade and Industry (MTI) and Malaysia’s Ministry of International Trade and Industry (MITI) have agreed to begin discussions on Frameworks of Cooperation in the digital economy and green economy, with a view to concluding the Frameworks this year, both ministries said in a joint release on Thursday (Jun 30). Singapore’s Minister for […]
Read MoreSINGAPORE – Home loan rates in Singapore have gone past 3 per cent to a new high with the latest move by UOB, Singapore’s third-largest lender. The previous high was 2.88 per cent in mid-2019. UOB on Wednesday night (June 29) raised the rate on its three-year fixed rate package to 3.08 per cent per […]
Read MoreAMID increased awareness of payment default risk, businesses in Singapore have seen an “alarming” 50 per cent increase from 2021 in bad debts that could not be collected, credit insurance provider Atradius said in a Tuesday (Jun 28) press release. The June 2022 edition of the Atradius Payment Practices Barometer survey also reported that in […]
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