ST Explains: What is Vers and which HDB estates could it be rolled out in?
Vers, which has yet to be rolled out, will allow owners of flats aged 70 years and older to vote on whether the Government should buy back their homes before their leases run out.
China’s consumer inflation unchanged amid anti-price war campaign
A broad measure of prices across the economy, known as the gross domestic product deflator, has declined for nine straight quarters – its longest streak in decades.
Insurance par funds post robust returns in 2024; cautious stance for the longer term
Prudential, for instance, chalked up the strongest showing of 8.26 per cent for its par fund. Its equity exposure was 35.4 per cent, compared with 29.3 per cent in 2023.
Nasdaq ends at record high as US stocks post solid weekly gains
Investors took reassurance from the Trump administration’s willingness to exempt the semiconductor industry from onerous tariffs if companies commit to investing in the United States.
Singapore’s digital banks trim deposit rates, mirroring moves by incumbent players
The cuts reflect the ongoing decline of interest rates globally and could push customers to explore alternative investment options offering more attractive yields.
US mortgage rates fall for a third week, hitting lowest since April
The average for 30-year, fixed loans was 6.63 per cent, down from 6.72 per cent last week, Freddie Mac said.
Silver lining in insurance buyers’ shift towards investment-linked plans
Between 2022 and 2024, ILPs’ share of new business rose from 25 to 39 per cent. The trend continues this year. In LIA’s latest data for the six months to June, ILPs’ share rose from 31 per cent in 2023 to 43 per cent in 2025.
Trump signs order allowing alternative assets like cryptocurrencies, private equity in 401(k)s
Private market assets have traditionally been excluded from 401(k)s, even as they’ve been embraced by pension funds and university endowments, because their high fees, lack of transparency,
Singapore retail sales up by 2.3%, driven by sales of motor vehicles
The estimated total retail sales value in June 2025 was $4 billion. Of this, an estimated 13.6 per cent were from online retail sales, higher than the 12.3 per cent recorded in the previous month.
Ethereum proposes unified fee market to simplify transaction costs
Released on Tuesday, the proposal seeks to establish a unified multidimensional fee market, allowing users to specify a single aggregate maximum fee for multiple resources.
Investors seek court-ordered judicial management of Tokenize Xchange operator amid police probe
The Straits Times understands the seven customers have not been able to withdraw their deposits amounting to more than $4 million that are held by Tokenize Xchange.
US dollar tumbles;traders bet on more US rate cuts after weak jobs report
A more dovish Fed would likely be negative for the US currency, even after it has appeared to find its footing in recent weeks following a rough first half of the year.