This means that regular income is still preferred for paying bills. Hence, banks “may consider various up-to-date income sources, such as a borrower’s rental income and annuity payouts”,

The cost to renew a COE is based on the average COE premium in the three preceding months. A five-year COE renewal costs half as much as a 10-year one.

Businesses in the hotels, restaurants and accommodation, health and social services as well as retail trade sectors showed high pessimism about economic prospects for the next 12 months

A liabilities-to-assets ratio of 11 per cent means that 11 per cent of a household’s assets are financed by debt. If the ratio is falling, then increasingly fewer assets are being financed by debts.

After accounting for inflation, which eased from 2023, real wages grew by 3.2 per cent in 2024, up from 0.4 per cent in 2023, MOM said

The Republic’s manufacturing output gained 5.9 per cent year on year in April, slipping from the previous month’s upwardly revised 6.8 per cent growth.

Analysts from Morgan Stanley are strong on Singapore equities, as the market continued to outperform global stocks year to date – with a total return of 13 per cent.

It found that family offices in South-east Asia preferred equities and bonds from developed markets such as the US, Singapore, Japan and Britain.

It rose in April as bigger increases in the prices of services and food more than offset lower retail and other goods inflation.

On a quarter-on-quarter seasonally adjusted basis, the economy contracted by 0.6 per cent. This was a reversal from the 0.5 per cent expansion in the fourth quarter of 2024.

The survey of 1,500 Singapore residents aged 18 and above found that only 29 per cent owned any crypto, a stark decline from the 40 per cent a year earlier.

“The US$28 trillion (S$36.1 trillion) Treasury market is fundamental and systemic to the global financial system, and there is no alternative for this point.”