Finance

Eight in 10 young Singaporeans believe they will be the next Sandwich Generation, reveals survey by NTUC Income

On Tuesday (3 Aug), insurance company NTUC Income released the findings from its latest research, focusing on the Sandwich Generation phenomenon in Singapore, which shows the harsh realities about how parents and young Singaporeans view their financial future. In the month-long research, 94% of parents (aged 35-55 years old) surveyed revealed that they were currently pressured between having to financially …

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Indian Minister: Temasek-linked GLCs agree to “amicably back out” of Amaravati project

It was reported in Parliament yesterday (3 Sep) that Minister-in-Charge of trade relations S Iswaran said no state expenditure was involved in the Indian capital city Amaravati development. Under the previous Indian state government of Andhra Pradesh, it was decided that Amaravati would be the location of the new Indian state capital. Temasek-linked entities Ascendas-Singbridge, now under CapitalLand, and Sembcorp …

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Investments in Amaravati project “commercially confidential”, but no state funds used: S. Iswaran

While investments made by the Singapore companies involved in the joint project between Singapore and Andhra Pradesh to develop capital city Amaravati in India are “commercially confidential”, Minister-in-charge of trade relations S Iswaran on Tue (3 Sep) said that no state expenditure was involved in the project. Iswaran was responding to supplementary questions from Workers’ Party Non-Constituency Member of Parliament …

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Hong Kong Investment Promotion chief visits Singapore to promote Hong Kong’s long-term business opportunities

On Monday (2 Sep), the Director-General of Investment Promotion of the Hong Kong Special Administrative Region, Mr Stephen Phillips, began his ambassadorial visit to Singapore as part of Invest Hong Kong (InvestHK)’s latest efforts to promote Hong Kong’s business attractions. During the course of his visit, Mr Phillips will be meeting with leaders from various companies that have plans to …

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Nearly 60% of millennials in Singapore are not happy with their current wealth management services, according to Simon-Kucher & Partners study

On Monday (2 Sep), Simon-Kucher & Partners, a global strategy and marketing consultancy firm, released the findings from its global customer journey study on the banking behaviour of persons born between 1981 and 1996 – who are identified as millennials – which shows that private banks are not doing enough to attract this lucrative customer base. The study, which was …

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How much cheaper are flats in Johor compared to Singapore?

by ValueChampion How much more affordable are homes in different areas of Johor compared to neighbourhoods in Singapore? We analysed median prices in both locations to find out. Separated by just the Straits of Johor, Johor and Singapore are familiar neighbours. However, their respective property markets vary significantly. For those considering purchasing a home in either location, it is useful to …

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63% of Asian customers using online financing have long-term saving goals, reveals survey by Robocash Group

In a press release earlier today (30 Aug), Robocash Group, an international robotic financial service group, released the findings of its latest survey which shows that 80% of customers in the Philippines, India, Indonesia, and Vietnam using online financing services are currently saving for different plans, with 63% of respondents setting their sights on long-term saving plans. In particular, the …

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Bad debt in Singapore predicted to increase due to Sino-US trade war, part of overall dismal economic trends

On the heels of a dismal economic growth prediction this year and even the prospect of a looming recession, Singapore firms also may accumulate more bad debt as the Republic’s trade-dependent economy experiences ripples from ongoing Sino-US trade tensions, Bloomberg reported yesterday (27 Aug). Shaun Langhorne, restructuring lawyer and partner in Singapore at Hogan Lovells Lee & Lee, told Bloomberg …

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