It said that the pause in instant withdrawals and its Chocolate card transaction service is “not a liquidity issue but a matter of managing our increased transaction volume”.

But investors still have concerns such as perceived low returns, weak market liquidity and the need for reliable and easy-to-read analyst reports.

The subsidies are currently given only to Pioneer and Merdeka generation and Chas Blue cardholders.

To sign up for any of these three tests, eligible Singaporeans can visit the 365CPS website.

This translates to an increase of about 4 to 5 per cent for most servicemen.

The topics they covered ranged from the timing of the goods and services tax (GST) hike to cost-of-living concerns and the effectiveness of government spending.

Overall, the amount lost to scams in 2024 is around 70 per cent higher than the $651.8 million that scammers took in 2023, said police in releasing the annual scam figures on Feb 25.

The sharp drop in core inflation beat economists’ expectations, with some saying prices will continue to be contained in the months ahead, although they warn about the effects of US tariffs.

Ms Lorna Tan, head of financial planning literacy at DBS, says: “Financial planning does not have to be daunting. It is about taking small, achievable steps to build a more secure future.” 

Tax incentives will also be introduced to encourage Singapore-based companies and fund managers to list here and strengthen the appeal of Singapore Exchange.