MAS appoints first 3 asset managers to inject initial S$1.1 billion into Singapore equities
Temasek-backed Fullerton Fund Management will be among the first of three asset managers to tap a S$5 billion investment fund initiative announced by authorities earlier this year.
New digital tool in Singapore to encourage advance care planning
Called myACP, the tool allows users to document their preferences for medical treatment in advance, in line with their personal goals and values.
Tokenize Xchange to exit Singapore after being denied digital payment token licence
This comes after the Monetary Authority of Singapore (MAS) decided not to grant the company a licence to offer digital payment token services,
ECB may wait until December to make final rate cut: survey
A majority continues to expect the last quarter-point reduction in the deposit rate, to 1.75 per cent, will come in September after a pause next week.
Fed’s Waller wants July interest rate cut amid rising growth, job market risks
The last time the Fed cut rates was in December 2024, when it trimmed its policy rate by 25 basis points.
US consumer inflation accelerates as Trump tariff effects creep in
The consumer price index (CPI) was up 2.7 per cent from a year ago in June, climbing from 2.4 per cent in May as energy costs rose
HDB to launch more than 10,000 new flats in July exercise
In July, HDB will launch about 5,500 BTO flats in Bukit Merah, Bukit Panjang, Clementi, Sembawang, Tampines, Toa Payoh, and Woodlands. Also, HDB will conduct a concurrent SBF exercise offering over 4,600 flats.
New Family Care Scheme (Proximity) Better Supports Parents and Children to Live Closer Together
From the July 2025 sales exercises, married and single children will enjoy priority access when they apply for a new flat to live with or near their parents, under the new Family Care Scheme,
How will a weaker dollar impact China stock market? UBS weighs in
Sectors with high exposure to USD-denominated debt—such as home appliances, transportation, non-ferrous metals, and electronics—are likely to receive the biggest earnings boost from a weaker dollar
Singapore financial sector growth doubles in 2024; assets managed cross $6 trillion in a first: MAS
Growth was broad-based across segments, including banking, fund management, insurance and activities auxiliary to financial services, which largely comprise payments firms,
Gold holds ground with spotlight on US inflation data
Powell has said that he expects inflation to increase this summer as a result of tariffs, which is seen keeping the US central bank on hold until later this year.
MAS records net profit of $19.7 billion, fuelled by investment gains
The investment gains were mainly from interest income, dividends and realised gains from the management of MAS’ foreign investments.