News

The biggest banks in Singapore have all raised interest rates on their savings accounts twice since August.

Due to the reconfiguration of junctions in Novena, the traffic has intensified. According to some motorists, their travel time has lengthened by 20 to 30 minutes.

UOB recently raised the maximum rate for its flagship savings account to 7.8% per annum. This is the highest it has been in its seven-year history.

In a news release by the Central Provident Fund Board, Housing and Development Board, and Ministry of Health, it was revealed that the government is closely monitoring interest rates to ensure CPF interest rates are still appropriate.

A recent survey from Capco entitled Bank of the Future Survey, it was found that about 77% of Singaporeans are looking forward for a better banking experience.

According to Amazon Singapore, online shoppers in the country are likely to spend more money this holiday season, buying health and personal care products, groceries, apparel, and accessories.

The Central Business District (CBD) recently launched another 6 km. of cycling paths to help connect workplaces and amenities to MRT stations.

Homeowners in Singapore are now starting to feel the pressure of home loan interest rates as banks hike up their rates to up to 4.5% - the highest in almost 20 years.

Six in 10 businesses that created a formal Environmental, Social, and Governance (ESG) programme stated that they had better profits in 2022.

Singapore Telecommunications leads the net fund inflows with S$514 million over the month. Its year-to-date fund inflow is now at S$942 million.

In the fourth OCBC Financial Wellness Index Report, ‘mortgage stress’ increased to 40% compared to 31% in 2021.

In the wake of the FTX collapse, MAS addressed misconceptions and questions by consumers regarding the bankruptcy. The statement largely warns users in dealing with crypto exchanges and cryptocurrencies in general.