Finance

Ringgit hits record low against Singapore dollar, dropped to a seven-year low against the British pound

MALAYSIA — The ringgit reached its lowest level in history against the Singapore dollar (S$) as it dropped to a…

CPF raises Special and MediSave Account interest rate to 4.01% for Q3 2023, while Malaysia’s EPF declared dividend rate of 5.35% for 2022

SINGAPORE — In a joint statement issued on Monday (29 May), The Central Provident Fund (CPF) and the Housing and…

Automatic Closure of CPF Accounts held by members who are not Singaporeans or Permanent Residents from 2024

SINGAPORE — The Central Provident Fund Board (CPFB) has made an announcement that the CPF accounts of members who are…

Modi calls for World Bank reform at G20 finance meet

BENGALURU, INDIA — Indian Prime Minister Narendra Modi added his voice Friday to calls for the reform of global lenders…

Can a family survive on S$2,000 per month? Singaporean online magazine faces criticism over oversimplified analysis

On Monday (13 Feb), Singapore online magazine Goody Feed published an article raising the question of whether a Singaporean family…

Forex Trading Tips: Currency Trading Tips for Beginners

The foreign exchange market, or Forex, is a place where people from across the globe can converge together to trade…

“Unrealistic” to expect zero lapses in the use of public funds, says Minister Indranee Rajah on recurring lapses uncovered by AGO

Minister in the Prime Minister’s Office Indranee Rajah said in Parliament on Monday (13 Sep) that it will be “unrealistic”…

China to target biggest payment app Alipay in tech crackdown: FT

Chinese regulators have ordered sweeping changes to the country’s biggest payment app Alipay, as the ruling Communist Party attempts to…

Tax collection falls 7.3% to S$49.6bil in FY2020/21 due to COVID-19 pandemic: IRAS

The Inland Revenue Authority of Singapore (IRAS) said on Thursday (2 Sept) that total tax collection fell by 7.3 per…