Financial Services
Crash ahead? Residential sales to take a hit from banks’ increased fixed-rate home loans
Crash ahead? Residential sales to take a hit from banks’ increased fixed-rate home loans
Home loan rates now range from 2.75% p.a. to 3.08% p.a.
MAS and Google Cloud launch Point Carbon Zero Programme
The programme aims to jumpstart climate fintech solutions in Asia.
DBS issues $107m (HKD210m) 3.47% notes due in 2024
The notes will be listed in the bonds market on 26 July.
DBS vs OCBC: Which bank will post a higher net profit in Q2?
According to UOB Kay Hian, both banks' net profits will decrease.
MAS vows to strengthen crypto regulation on consumer protection
The authority said reviews and public consultations are already underway.
MAS records $7.4b loss in FY21/22
Lower investment gain was among the factors that led to the loss.
SG emerges as top Southeast Asian destination for start-up investment
The Lion City is home to 12 unicorns and over 9,300 startups.
MAS renews bilateral currency swap arrangement with People’s Bank of China
The arrangement will be renewed for five more years.
How Singapore survived the global fintech funding fall
In Q2, the country's global market share by deal value jumped to 6.4%.
Rise in family offices drives need for upskilling of wealth managers
There are 700 single-family offices in Singapore as of 2021.
Investors’ exposure to US markets down in June amidst recession concerns
The investor movement index for clients declined to 4.88 in June 2022.
Chart of the day: Almost 2 in 5 Gen Z S’poreans have a digital bank account
Older Singaporeans are less likely to have a digital bank account.
How Singapore banks are closing the gender gap
Most banks have already exceeded the 2021 regional average of 18.5% employed women per firm.
Top Excel director pays $70,000 fine for unlicensed money-changing businesses
He violated the Money-changing and Remittance Businesses Act.
Chart of the day: Asset quality of top three SG banks to remain steady
Fitch peer reviewed DBS, OCBC, and UOB in a new report.
MAS cuts down training scheme subsidies in the financial sector even further
However, the government agency still expects participation to remain robust.
MAS mulls additional consumer protection safeguards for crypto trading
Last January, MAS already restricted the marketing of crypto services.
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Commentary
SG60: What the next 10 years have in store for Singapore’s investment landscape