Trust Bank Adds New Security Feature ‘Trust Lock’ to Combat Scams
The funds cannot be moved unless digitally unlocked through a verification process, which involves tapping a physical Trust card on an NFC-enabled phone and entering a six-digit Trust Key.
GXS Bank Ups Savings Limit to S$95,000 for Bigger Returns
With this adjustment, customers can now earn approximately S$2,288 in annual compounding interest on a S$95,000 balance within a Saving Pocket
Chocolate Finance takes S$500 million hit from 2 weeks’ run of redemptions; looking to return to business as usual
Slashing the firm’s assets under management (AUM) by some 40 per cent – amid a run over the past two weeks.
When creditors go after half of a couple’s $5m home
Creditors are entitled to seize assets of debtors who are joint owners of real estate and auction off the property so that proceeds that belong to them can be used to pay down their debts.
Singapore core inflation falls further to 0.6% in February, lowest since June 2021
This is the lowest since June 2021 when it was 0.6 per cent, and much lower than the 3.6 per cent rate recorded in February 2024.
President Tharman approves record Budget, says S’pore must keep looking far ahead
The record $143.1 billion spending plan is the last Budget of the current term of government.
Singapore’s retrenchments grow in Q4, but job vacancies also rise
There were 1.64 vacancies for every unemployed person in December 2024. The ratio is up from 1.32 in September 2024, but lower than the 1.76 posted in December 2023.
Singapore’s key exports recover in February but economists warn of tariff risks ahead
The increase was less than the 8.3 per cent expansion forecast by economists in a Reuters poll.
Standard Chartered rolls out digital scam insurance, higher interest rates for senior savings account
The Digital Scam Protection Insurance, underwritten by MSIG, will protect funds of up to S$50,000 (US$37,474) from unauthorised electronic money transfers arising from phishing and malware scams.
Safra offers members 12 months of free insurance for SG60
The 12-month personal accident insurance plan will provide $50,000 in coverage for Safra members, their spouses and children.
At least $1.7m lost in Singapore to impersonation scams using insurance policies as bait
In these cases, the victims received calls from scammers who pretended to be representatives or employees of NTUC Union, Income Insurance, UnionPay and MAS.
CPF Special, MediSave and Retirement Accounts’ interest rate remains at 4% for Q2 2025
Central Provident Fund (CPF) members will earn an interest of 4 per cent per annum for their Special, MediSave and Retirement Accounts (SMRA) in the second quarter of 2025