More home owners tapping HDB’s lease buyback scheme to boost retirement income
About nine in 10 households received between $100,000 and $300,000 in proceeds, the spokesperson said.
US consumer prices rose 0.1% in May, less than forecast for fourth month
Economists polled by Reuters had forecast the CPI climbing 0.2 per cent and increasing 2.5 per cent year on year.
Japan wholesale inflation slows, taking pressure off BOJ
It followed a revised 4.1 per cent increase in April and marked the slowest year-on-year rise since a 3.1 per cent gain in September.
DBS, OCBC and UOB to recognise CPF Life payouts as proof of income in credit card applications
Individuals aged 65 and above can do so when they apply for a DBS or OCBC credit card from June 11, while UOB plans to implement the policy in the near future.
Lesson from a couple who lost $300k in property investment deal
Many people often have the wrong idea that once an employee makes a fraudulent pitch to deprive you of your money, the company or its boss would be held liable too.
Motor insurance premiums likely to continue to rise as claims and costs surge
For the full year of 2024, underwriting losses widened significantly to $33.8 million, from $7.7 million in 2023 and $21.6 million in 2022.
MAS, SPF to block website access to unlicensed trading platforms Octa and XM from Jun 20
As the entities operating the two platforms do not hold the requisite licence, they are prohibited from carrying out such businesses, said the MAS and the police.
Reserve Bank of India lowers key interest rate by 50 basis points to 5.5% in surprise move
The Reserve Bank of India lowered its key repo rate by 50 basis points to 5.5 per cent. Most analysts had expected a 25-point cut. It is the third reduction in a row since February.
Trump pressures US Fed’s Powell to cut rates ‘a full point’
Fed officials are scheduled to meet June 17-18 in Washington and are widely expected to leave their benchmark rate unchanged, as they have done all year.
ECB cuts rates as bets build on a summer pause
The ECB has now lowered borrowing costs eight times, or by two percentage points since last June, seeking to prop up a eurozone economy that was struggling
Latest Singapore six-month T-bill cut-off yield sinks to 2.05%
It was the lowest level that yields have hit in the year to date and marked the sixth consecutive issuance since Mar 26 for which yields have declined.
With US credit downgrade, Singapore’s AAA bills offer an opportunity for US carry trade
Three-month MAS bills offer yield of about 13 basis points over similar-tenor US government debt when currency-hedging costs are taken into account