The Assurance Package (AP) includes cash disbursements, rebates, vouchers, and MediSave top-ups. It aims to provide crucial support to eligible individuals aged 21 and above by 2024.
The Orchard Blueprint outlines essential elements like a settlement ledger, a tokenisation bridge, a programmability protocol, and a name service. All these are expected to be the foundation for the sound use of digital money in Singapore.
Industry experts are anticipating the industrial rental growth in the upcoming year to be stagnant. Alan Cheong of Savills Singapore expects that the anticipated growth in industrial rentals for 2024 will be centred around the logistics sector.
The UTC initiative framework is designed to assess the financing worthiness of micro, small, and medium-sized enterprises (MSMEs). The framework relies on both traditional and alternative data sets, specifically source data and derived data.
A Meltwater report highlighted the transformation of social media from a mere source of financial advice to a platform that fosters a collective voice through community, support, and validation"
Only 21% of Singaporeans are currently on track with their retirement plans this year, which marks an 8-percentage point drop compared to last year.
The OCBC survey provided valuable insights into the evolving financial behaviours of Singaporeans. The 2023 survey highlighted both successes and areas for improvement.
A new committee was formed to supervise and monitor the implementation of the BNPL Code within the industry.
Experts warned that the price drop might be temporary. They expect more people to buy vehicles due to the lower costs, causing fluctuations that could last for several upcoming bidding rounds until the market settles.
According to RHB, businesses catering to this "silver spender" demographic with innovative lifestyle and healthcare solutions are poised for significant growth.
The digital banking service interruption caused customers to face challenges accessing OCBC's banking facilities and PayNow. An app error message alerted customers to potential difficulties in accessing these services.
Aside from the suggested structure to determine liability for scam-related losses, Members of Parliament also inquired about the procedure for soliciting physical security tokens from banking institutions.
A new report showed an interesting shift towards digital literacy in the Lion City. The surge in digital skills among different age groups signifies Singapore’s commitment to fostering a technologically savvy population.
MAS chief Ravi Menon emphasised the role of AI in enhancing comprehensive surveillance to combat money laundering, particularly due to the operation of launderers across multiple financial institutions.
Various experts predict that MAS will be maintaining its policy next year. This prediction is likely due to core inflation’s continued moderating trajectory towards the long-term historical average of around 1.8%.