Daily Briefing: Singapore prime home rents slid 3.3% in Q3; Why slashed jobs in the banking sector are unlikely to return

And here's a way to decide which money changer to visit.

Prime residential rents in Singapore fell by 3.3 percent during the third quarter of 2016, while prime rental performance across the 17 global cities tracked by Knight Frank registered zero percent growth in the year to September. “Despite this slowdown in aggregate performance, the number of cities where annual rental growth is positive remains the same as last quarter (10); however, the rate of growth has slowed in 10 of the 17 cities,” said Knight Frank. Read full story here.

The Singapore economy is going through a tough time, especially in the labour market. Going forward, many finance students and workers in the industry will find it increasingly difficult as the banking industry has been one of the hardest hit in terms of job cuts. Graduates will struggle to enter the industry and to hold down good jobs as more people vie for a diminishing pool of good available positions. Banks are cutting jobs, and here's why these jobs are unlikely to return.

Before you head overseas for your end-of-year vacation, you’ll need money. And of course, you’ll head to the nearest money changer to exchange your hard-earned Singapore Dollars into the currency of your destination country. Smart travellers always do this in advance, because they know two things: firstly, the money changers at Changi Airport are essentially ripping you off, and secondly, there’s always a queue at the best money changers around the island. Click here to know which money changer to visit.

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