News

Economy

Staff Reporter

, Singapore

Published:

10 years ago

Daily Briefing: Why Singaporeans shouldn't have just 1 bank account; Iskandar project converted into healthcare hub

And can Singapore’s ecosystem produce "unicorns"?

With 47% gross savings rate, Singapore is ranked one of the biggest savers in the world, just behind China. With our parents drilling into us the virtue of saving money, most of us are already too familiar with the plain vanilla savings deposit account. Find out more here.
Rowsley Ltd, a firm controlled by Singapore billionaire Peter Lim, will convert its Vantage Bay integrated development in Iskandar Malaysia into a healthcare hub, as residential sentiment within the region remains soft. Read more about it here.
Singapore has been a hotbed of startup ideas and VC funding, but here’s a question: “with all the available infrastructure and available government grants and funding (additional US$28m announced recently), why haven’t we seen a Singaporean-born entrepreneur (SBE) create a unicorn (US$1 billion exit and above) yet? Are Singaporeans not capable of building high quality startups?” Find out the answer here.

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7 markets across Southeast Asia

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Event News

Co-Written / Partner Finweek KL 2026: Where European capital meets ASEAN scale

The premier EU–ASEAN institutional fintech summit brings 1,000+ delegates to PARKROYAL Collection Kuala Lumpur on 11 to 13 November 2026 for three days of cross-border deal-making.