Singapore

Singapore bank loans grew 3.3% in February

Singapore bank loans grew 3.3% in February

However, consumer loans grew at the slowest pace since at least 2005.

Singapore to get hit in 2019 by Chinese economy's hard landing: report

Its high dependency on international trade and integration in the Asian supply chain puts it at risk.

ACCA unveils accelerator programme for SMPs' overseas expansion

The six-month programme will give targeted workshops and mentoring for $388.

Credit Culture launches personal lending platform

Loan applications and credit verification will be done online. Malaysian-funded Singapore fintech startup Credit Culture, a subsidiary of Dey Private Limited, launched its online lending platform, becoming the first licensee amongst the six entities that are part of a pilot by the Ministry of Law on new business models for personal loans. Credit Culture enables customers to auto-populate an application form using government sites like MyInfo and uses this data to assess the creditworthiness of a customer instantly. Personalised rates are offered and upon face-to-face verification at Credit Culture’s office, funds are transferred instantly. The lending platform will offer rates capped at 1% per month and remove high late interest and extra charges for early settlement.

ST Engineering may see $200m in sales and cost savings from Newtec buy: analyst

The earnings contribution may hit over $10m by FY21 and onwards.

Industrial sites in Jalan Papan and Gambas Way up for tender

Jalan Palan has a site area of 1.24ha whilst the Gambas Way site has 1.20ha.

Active job seekers down 5% amidst high wage satisfaction: study

Three in five claimed to be either 'satisfied' or 'very satisfied' with their pay.

Completed condo prices down 0.5% in February

The prices of units at Central Region fell 1.5%.

Over 4 in 5 consumers satisfied with property agent services: poll

Customers were happier with agents who used three or more real estate technology tools.

Singapore PM warns that healthcare spending is rising faster than GDP

The government’s healthcare expenditure exceeds $9b a year.

Singapore investment banking fees down 24.8% to $234.26m in Q1

Advisory fees from M&As plunged 63.6% even as deal numbers rose.

SIA upsizes 3.03% five-year bonds to $750m

The final placement size is at $300m whilst the public offer size is at $450m.

3 things SMEs in Singapore need to know

Small to medium sized enterprises (SMEs) are the lifeblood of all economies across Asia Pacific, however, technological disruption of industries and the need to innovate and change business models are key challenges that need to be addressed. According to an IDC report, escalating costs of operations, the emergence of new business models, competition and changing customer demands are pressuring small businesses in the region. There is an urgency for them to review their business model and to ensure sustainability - ultimately to figure out how to do more with less resources.

NTUC FairPrice vs. Sheng Siong: which is cheaper?

A recent survey looked at which supermarkets offered the best deals, and the results may surprise you.