Police, banks prevent over 3,500 customers from losing $51.7m through scams
The police and four banks here worked together to stop more than 3,500 bank customers from losing over $51.7 million through scams, in a two-month operation.
China’s factory-gate deflation deepens as trade war bites
Consumer prices eased 0.1 per cent last month from a year earlier, matching a 0.1 per cent drop in March and the forecast in a Reuters poll.
DBS, OCBC, UOB set aside extra allowances to account for heightened uncertainty
DBS, OCBC and UOB each said this was a pre-emptive step to beef up their reserves as they navigate the impact of US tariffs and a possible economic slowdown,
New measures by local banks to prevent stolen card details from being added to mobile wallets
With this launch, users will no longer be able to add card details to their device for contactless payment until they switch on the “mobile wallets” toggle in the DBS banking app.
Bank of England cuts interest rates: Here’s what it means for your money
The cut had been widely expected, especially after a slowdown in price rises, with inflation cooling to 2.6% in the twelve months to March (from 2.8% the previous month).
All-time-high of 141 million-dollar flats sold in April 2025 as HDB resale prices & volume continue to rise
Compared to March 2025, resale prices in mature estates rose by 1%, while those in non-mature estates increased by 0.4%. Across flat types, you’ll find price growth in most categories too.
US Fed rules out pre-emptive rate cut while flagging tariff risks to inflation, jobs
“The effects on inflation could be short-lived, reflecting a one-time shift in the price level,” he said. But it is “also possible that the inflationary effects could instead be more persistent”.
Singapore retail sales bounce back in March, rising by 1.1%
On a year-on-year basis, retail sales grew 1.1 per cent, against the previous month’s 3.5 per cent fall, according to figures released by the Singapore Department of Statistics on May 5.
Singapore dollar surges to 1.29 to US dollar amid Asian currency rally
Singapore’s currency was up 0.6 per cent to 1.292 per US dollar as at 5.02pm local time. This brought its advance to date in 2025 to 5.3 per cent.
The US economy added a stronger-than-expected 177,000 jobs in April
US stocks moved higher Friday morning as investors digested the report. Dow rose 490 points, or 1.2%. The broader S&P 500 rose 1.15% and the tech-heavy Nasdaq Composite gained 1%.
BTC Trades Near $97K, DOGE up 4% Amid U.S.-China Optimism
Bitcoin is trading above $97K as optimism grows over potential U.S.-China trade talks, despite skepticism about a deal being reached soon.