And here’s the deal on credit card debt.
Singapore Airlines Ltd. climbed to a six-month high after reporting quarterly profit that beat analyst estimates, as lower fuel prices helped Southeast Asia’s largest carrier attract more passengers with cheaper fares. The stock rose 3.9 percent to S$11.24, the highest close since July 29. The shares gained 0.4 percent this year, compared with 9 percent decline for the city’s benchmark Straits Times Index. Read more here.
The 12-country Trans-Pacific Partnership (TPP), signed on Thursday in New Zealand, aims to eliminate trade barriers such as tariffs in a bloc that accounts for 40 percent of the global economy. Here are some key questions and points: What is the TPP and why have it? Find out more here.
How many credit card holders in Singapore carry a debt? Well, data from the Singapore Credit Bureau revealed that 1 out of 5 credit card users in Singapore in 2014 only paid the minimum sum on their credit cards. This is a problem because it means that you start paying interest on your debt, which could make it spiral out of control. Read more here.
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