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.
Daily Briefing: Singapore stocks downgraded amidst 'unexciting growth'; Fintech Transferwise enables remittances via PayNow
And payments firm Wirecard is suing Financial Times.
Daily Markets Briefing: STI up 0.16%
Expect muted gains today.
Chart of the Day: Tightening DRC could slash food services' earnings by 2.2%
Staff costs are projected to rise 10% in 2020 and 2021.
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.
Commentary
‘Tokenmaxxing’ – The wrong AI race to run in Singapore
To outsmart modern fraud, we must first know the enemy
Why Singapore SMEs cannot wait for quantum cyber risk to arrive before securing data
Is Singapore's emphasis on long-term security and stability hindering purpose-driven employees?
When Singapore's agentic AI ‘chefs’ arrive, will the kitchen be ready for them?
What Singapore’s app store rules reveal about the future of online trust
Faster hiring alone will not fix construction’s productivity problem
Beyond policy: How Singapore's service sector can win at the frontline
Solving the production problem behind Singapore’s ‘pilot purgatory’
Transformation without disruption: Your Existing ERP is an accelerant to business innovation