SINGAPORE – Singapore banks that do not fend against fintech disruption could stand to lose more than 5 per cent of their operating income, a study by the Monetary Authority of Singapore (MAS) showed on Thursday (Nov 30). In its Financial Stability Board review report, the MAS said most of the potential reduction in operating […]
Read MoreSINGAPORE – The Monetary Authority of Singapore (MAS) sounded a note of caution on the property market on Thursday (Nov 30), saying that recent market developments such as the en bloc fever and rising land prices could pose risks to the market’s stability. Market players should therefore take a medium-term view of supply-demand dynamics and […]
Read MoreSALARIES across industries in Singapore will likely rise by an overall 3.9 per cent next year, without taking into account inflation, human resource consultants Mercer said on Wednesday. The majority of industries in fact will enjoy higher salary increases, with the exception of the life insurance, Internet, real estate, banking and logistics industries. The findings […]
Read MorePRICES of completed private apartments and condos in Singapore rose 0.6 per cent in October compared to the previous month. This is according to the National University of Singapore’s (NUS) latest flash estimates for its Singapore Residential Price Index (SRPI) released on Tuesday. The month-on-month increase is faster than the 0.2 per cent rise seen […]
Read MoreSINGAPORE – The Goods and Services Tax (GST) is likely to be raised by two percentage points in Budget 2018 as Singapore’s spending needs continue to grow, according to DBS senior economist Irvin Seah. He expects a staggered hike implemented over two years to help cushion the impact on households. His predictions follow comments by […]
Read MoreSINGAPORE – Credit card holders here are increasingly using card-linked but card-less mobile apps or wallets for their purchases, according to a survey by research firm JD Power. The study found that with so many payment options available, the credit card remains Singapore’s most popular mode of payment at stores and restaurants and for online […]
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