Trading platform ProsperUs to end its services in Singapore
The platform, which allows users to trade investment products such as equities, exchange-traded funds (ETFs) and mutual funds, announced its exit on July 27.
How to maximise investment returns
Between Apr 9 and Jul 24, the STI surged 25.9 per cent, rebounding strongly from earlier declines due to Trump’s tariff announcements.
The greenback strengthens against Singapore dollar, reversing broad weakening trend this year
As at Tuesday afternoon, it was at S$1.2870. The currency pair is still down around 5.7 per cent year to date.
Japan expects only 1% to 2% of $550 billion US fund to be investment
The US$550 billion investment framework will be a combination of investments, loans and loan guarantees provided by financial institutions backed by the Japanese government
SEC Approves In-Kind Redemptions for All Spot Bitcoin and Ethereum ETFs
The action marks the first major crypto-friendly policy shift under new SEC Chair Paul Atkins.
Lower-income NTUC union members can get up to $120 in e-vouchers
To qualify for the programme, applicants must be NTUC members with at least six continuous months of membership as at their application date, with no outstanding membership payments due.
Bank of England rate cuts deliver £11 billion hit to households
Those reductions hit savers hard as banks and building societies were quick to respond by lowering rates paid on customer deposits.
MAS keeps Singapore dollar policy unchanged amid US tariff risks to economy
“Our 2025 and 2026 GDP growth forecasts for Singapore currently stand at 2.1 per cent and 2.5 per cent respectively, but the caveat is that US tariffs may have irrevocably shifted global economic dynamics.”
Property stamp duty takings up 9.5% at S$6.4 billion in FY2024 after two years of declines
The FY2024 total, based on revised unaudited estimates from the Accountant-General’s Department, is 12 per cent higher than an earlier projection of S$5.7 billion for the period April 2024 to March 2025.
Property ‘decoupling’ illegal if done solely to avoid taxes: High Court
For instance, if the 1 per cent owner gave up the share but had an arrangement to still co-own the same property, the individual would be deemed to have evaded tax by wrongful declaration of ownership interests.
UOB to trim deposit rates on flagship account from Sept 1 after OCBC cut; DBS stays unchanged
The affected categories are: Card spend and the requirement to make three debit transactions via Giro; and card spend and salary credit.
Trump modifies reciprocal tariffs ahead of deadline; rate on Singapore remains at 10%
Most of the tariffs will take effect after midnight on Aug 7, to allow time for US Customs and Border Protection to make the necessary changes to collect the levies.