The Asian Development Bank (ADB) trimmed its forecast for ASEAN growth this year from 3.1 percent to 3.0 percent, with downgrades for Vietnam and Malaysia offset by improved forecasts for the Philippines, Singapore and Thailand. In a supplement to the update of its Asian Development Outlook in September, the ADB almost halved its GDP growth […]
Read MoreSINGAPORE – Condominium prices in Singapore continued to rise last month, inching up by 0.8 per cent to mark the 16th consecutive month of price rises, according to flash figures by 99.co and SRX Property released on Tuesday (Dec 14). Compared with November last year, prices are up by 9.3 per cent, data showed. The […]
Read MoreTHE recent easing of restrictions on viewings and displaced owners as a result of en blocs are among likely reasons for the recovery of condominium resale volumes in November, said property analysts. Condominium resale volumes rose 2.4 per cent last month to about 1,636 units resold, after declining in October and September, flash figures from 99.co and […]
Read MoreSINGAPORE (BLOOMBERG) – Binance Asia Services, the Singapore entity of Changpeng Zhao, has withdrawn its application for a license to run a cryptocurrency exchange, the company said. With that, Binance ends an effort to operate a regulated cryptocurrency bourse under the oversight of the Monetary Authority of Singapore (MAS). The fiat-to-crypto trading platform Binance.sg will wind down […]
Read MoreTwo airline companies, Singapore Airlines and Lanmei Airlines, are scheduled to reopen their flights to Siem Reap province from Dec. 17 onward. This was revealed by Ngov Sengkak, Director of Siem Reap Provincial Tourism Department, adding that the flight reopening followed the Royal Government of Cambodia’s welcome to fully COVID-19 vaccinated tourists to the Kingdom. […]
Read MoreHome buyers need to be “cautious” when taking out new mortgages as interest rates are expected to rise, the Singapore Monetary Administration (MAS) said in a Dec. 6, 2021 Financial Stability Review. He also advised not to accept new loan commitments for high-income households. According to the report, household debt in Singapore has exceeded pre-pandemic […]
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