Analysts weigh impact of possible oil shock on Singapore economy after US strikes on Iran
The International Monetary Fund estimates that a 10 per cent rise in oil prices lowers global gross domestic product (GDP) growth by 0.1 to 0.2 percentage point.
Surge in claims drags some Integrated Shield insurers into the red; higher premiums expected
For six IP insurers, net claims surged by between 9 and 27 per cent last year, due to medical cost inflation and higher claims particularly among older policyholders.
Private home owners may not have to wait till 2027 for change in HDB wait-out period
The HDB resale price index grew by 1.6 per cent in the first quarter of 2025, down from 2.6 per cent in the fourth quarter of 2024. This marks the lowest growth in the past five quarters.
Latest Singapore six-month T-bill cut-off yield falls to 2%
It was also the lowest level that yields have hit in the year to date and marked the seventh consecutive issuance since Mar 26 for which yields have declined.
askST: What is pre-authorisation, and can insurers refuse to give it?
A pre-authorisation certificate effectively confirms that the insurer has approved the medical treatment, including the costs, before the treatment begins.
Million-dollar HDB resale flat deals on track for record as supply crunch bites, demand holds steady
Such transactions have surged over the past five years, showed HDB and Huttons Asia data. In 2020, they made up just 0.3 per cent of total deals, but their share grew steadily to 3.6 per cent in 2024.
Economists cut Singapore’s 2025 growth forecast to 1.7% on geopolitical and trade tensions
The latest forecast is also shy of the higher end of the zero per cent to 2 per cent range projected by the Ministry of Trade and Industry (MTI) in April.
Federal Reserve cuts outlook for US economy but holds interest rates steady
There were still 10 members expecting two or more quarter-point cuts this year. But seven now forecast no rate cuts and two are expecting one cut.
‘Significantly higher costs’: Great Eastern suspends pre-authorisation certificate for admission to Mount Elizabeth hospitals
The insurer said that high costs from Mount Elizabeth and Mount Elizabeth Novena hospitals, compared to other private hospitals, have driven this decision.
Greater support needed for critical-illness survivors who want to return to workforce: panellists
Survivors have difficulties in obtaining a new job, as many of them are already at a disadvantage during the job-screening process – particularly in comparison to a healthy adult.
Up to $1,200 in MediSave top-ups for Pioneer Generation Singaporeans in July
Eligible Pioneers will receive enhanced annual top-ups ranging from $300 to $1,200 in July, up from $250 to $900 in 2024.
Increasing CareShield Life payouts, lowering qualifying criteria among charity’s recommendations
As at 2024, there were 1,821 active claimants of CareShield Life – a 66 per cent increase from 2023. To date, a total of $26.7 million has been paid out to “severely disabled” individuals.