Financial News from Yahoo! Finance Singapore

  • LTA seeks greater equity in COE system Yahoo! Finance Singapore - Thu, May 16, 2013 1:59 PM SGT
    Singapore cars

    The government is looking to change the current Certificate of Entitlement (COE) system to ensure greater equity among car buyers, said Transport Minister Lui Tuck Yew.

  • Singapore ranks 10th in the world in number of millionaires: … Yahoo! Finance Singapore - Wed, May 8, 2013 7:42 PM SGT
    Billionaires of the Persian Gulf

    A new report by London-based research firm WealthInsight ranks Singapore’s inhabitants as some of the world’s wealthiest.

  • CPF minimum sum raised to S$148,000 for members turning … Yahoo! Finance Singapore - Tue, May 7, 2013 10:44 PM SGT
    The Ministry of Manpower announced changes to the CPF and Medisave minimum sum on Wednesday. (Yahoo! file photo)

    From July 1 this year, CPF members who are 55 and above will need to set aside a minimum sum of S$148,000 in their retirement account.

  • Former CapitaLand CEO Liew Mun Leong joins NUS Yahoo! Finance Singapore - Tue, May 7, 2013 7:41 PM SGT
    Liew Mun Leong

    Former CapitaLand Group head honcho, Liew Mun Leong, has gone into teaching.

  • CPF minimum sum raised to S$148,000 for those aged … Yahoo! Finance Singapore - Tue, May 7, 2013 5:59 PM SGT

    From July 1 this year, CPF members who are 55 and above will need to set aside a minimum sum of S$148,000 in their retirement account. The minimum sum last year was S$139,000. The sum has been adjusted ...

  • Layoffs in Singapore rose 10 per cent in 2012: MOM Yahoo! Finance Singapore - Thu, Apr 25, 2013 4:59 PM SGT
    1 in 2 Singaporean employees plan to change jobs, said results of a Randstad survey. (Yahoo! photo)

    Overall employment in Singapore in 2012 may have increased, but there were also 10 per cent more layoffs last year than in the year before.

  • Singapore companies see big drop in overdue debts Yahoo! Finance Singapore - Tue, Apr 16, 2013 11:21 PM SGT
    Debt receipt. (Getty Images Photo)

    The amount of severely delinquent debts owed by Singapore companies has dropped dramatically in the past two quarters, according to DP SME Commercial Credit Bureau.

  • Australian billionaire tycoon moves to Singapore Yahoo! Finance Singapore - Tue, Apr 9, 2013 9:39 PM SGT
    Elegant suit with tie and scarf. (Getty Image Photo)

    Australian retail and property magnate Brett Blundy is the latest tycoon to be moving to Singapore, according to The Wall Street Journal.

  • No extension for 60-day lift of car loan curbs: MA … Yahoo! Finance Singapore - Mon, Apr 8, 2013 10:24 PM SGT

    The Monetary Authority of Singapore (MAS) will not be extending the 60-day period that lifts current restrictions on car loans, according to Acting Minister Lawrence Wong, who sits on the MAS board of ...

  • 1 in 2 Singapore employees planning to leave job:  … Yahoo! Finance Singapore - Thu, Mar 28, 2013 12:25 PM SGT
    1 in 2 Singaporean employees plan to change jobs, said results of a Randstad survey. (Yahoo! photo)

    Dissatisfaction with pay is spurring employees in Singapore to consider leaving their jobs for greener pastures, according to human resource company Randstad.

  • Car loan amounts hit 10-year high in Singapore Yahoo! Finance Singapore - Thu, Mar 14, 2013 12:19 PM SGT

    People are borrowing at ever bigger amounts to buy a car in Singapore. The average size of a new car loan taken by motorists reached $90,401 last year, a 10-year high, according to a study by Credit Bureau ...

  • Time to rethink monetary policy: NMP Tan Su Shan Yahoo! Finance Singapore - Wed, Mar 6, 2013 11:01 PM SGT

    Nominated Member of Parliament Tan Su Shan on Wednesday called for a new approach to Singapore's monetary policy, particularly the use of the exchange rate to manage inflation. Speaking on the second day ...

  • LMA International asks shareholders to collect div … Yahoo! Finance Singapore - Thu, Feb 28, 2013 5:21 PM SGT

    Shareholders of LMA International NV may wish to collect dividends belonging to them, the company, which is in the process of liquidation, said Thursday. The distribution of dividends is being executed ...

  • ‘Sticker’ for card payments introduced in Singapor … Yahoo! Finance Singapore - Tue, Feb 26, 2013 3:56 PM SGT

    Citibank Visa cardholders may not have to fumble for coins to make some small-ticket item purchases up to $100. The bank on Tuesday launched the “Quick Pay Tag”, a sticker tag that you can paste on anything ...

  • MAS caps loan amount for motor vehicles Yahoo! Finance Singapore - Tue, Feb 26, 2013 11:53 AM SGT

    The Monetary Authority of Singapore (MAS) imposed restrictions on motor vehicle loans effective Tuesday, a move that may check the rising cost of owning a car in the city-state. Consumers are now limited ...

  • Singapore’s income inequality on the rise: Dept of … Yahoo! Finance Singapore - Wed, Feb 20, 2013 9:52 PM SGT

    Although median household incomes rose some 2.7 per cent after factoring inflation from 2011 to 2012, income inequality in Singapore – as measured by the Gini coefficient – has widened in the same period ...

  • Demand for jobs in S’pore to be driven by attrition: … Yahoo! Finance Singapore - Wed, Feb 20, 2013 6:50 PM SGT

    Salary levels remained stagnant across industries in Singapore last year, but certain sectors are seeing rising job opportunities, according to specialist recruitment consultancy Robert Walters. In the ...

  • More locals employed as foreign workforce growth s … Yahoo! Finance Singapore - Thu, Jan 31, 2013 1:54 PM SGT

    More locals were employed in 2012 than in the year before as growth in the foreign workforce slowed. Amid the tightening of foreign manpower controls, the rise in foreign employment eased from 84,800 in ...

  • General insurance industry issues identity cards to … Yahoo! Finance Singapore - Tue, Jan 22, 2013 4:32 PM SGT
    General insurance industry issues identity cards to protect consumers

    Want to know if that car insurance agent you are talking to is a phony or not? Ask for his or her agent card. From the start of this year, the General Insurance Association of Singapore (GIA) has required ...

  • 7 in 10 Singaporeans planning to change jobs next  … Yahoo! Finance Singapore - Fri, Dec 21, 2012 5:10 PM SGT

    Despite predicting a slowdown in the job market, 75 per cent of Singaporean workers are still considering changing jobs in 2013, according to the results of a JobStreet survey. Most respondents cited salary ...

  • Singapore art student turns technopreneur Yahoo! Finance Singapore - Thu, Dec 20, 2012 6:46 PM SGT

    By Melissa Law When Elisha Ong was just 15, he crafted and coded his own stadium and jersey designs for the football computer game FIFA because he got tired of just playing the game. His design for Manchester ...

  • My parents thought I was crazy: Lunch Actually co- … Yahoo! Finance Singapore - Thu, Dec 13, 2012 8:26 PM SGT

    Crazy. That's what the parents of professional matchmaker, Violet Lim, thought when she told them she was launching her own lunch dating company -- with her then-fiancé Jamie Lee. That's because the chief ...

  • Agony over decision to transform Tangs on Orchard  … Yahoo! Finance Singapore - Tue, Dec 11, 2012 3:56 PM SGT

    It was no easy decision to push through with a multi-million dollar facelift of iconic department store Tangs on Orchard Road. "We agonised for three years before we made the decision to do this," ...

  • Singapore’s resident labour force grows as more women, … Yahoo! Finance Singapore - Fri, Nov 30, 2012 3:35 PM SGT

    The number of residents making up Singapore's labour force rose by 1.9 per cent over the year to 2.12 million last June. This rate was faster than the 1.6 per cent growth the year before, reflecting the ...

  • Growing for growth’s sake? No, says Josephine Teo Yahoo! Finance Singapore - Fri, Nov 30, 2012 2:25 PM SGT

    Singapore's growth is not for the sake of growing, but to provide Singaporeans with good jobs and the chance to lead better-quality lives, says Minister of State for Finance and Transport Josephine Teo. ...

  • S’poreans ready to shop online this festive season Yahoo! Finance Singapore - Wed, Nov 21, 2012 5:58 PM SGT

    As Christmas draws near, Singaporean shoppers are bracing themselves for the inevitable onslaught of crowds, long queues and traffic jams at shopping centres. But instead of going to retail stores to pick ...

  • Singaporeans are harder to please: service experts Yahoo! Finance Singapore - Thu, Nov 1, 2012 6:34 PM SGT

    Do we really have bad service standards or are we just plain demanding? According to service experts, Singaporeans can be harder to please compared to their counterparts in the region. Ben Llewellyn, regional ...

  • How poly grad-turned-top entrepreneur turned his life … Yahoo! Finance Singapore - Thu, Nov 1, 2012 11:00 AM SGT

    Nicholas Chan is only 34, and already heads two major companies — a venture capitalist fund that invests in promising start-ups and a maritime info-communications firm. →

  • Families in S’pore more likely to sell or float their … Yahoo! Finance Singapore - Thu, Oct 25, 2012 5:19 PM SGT
    Singapore CBD area

    While 38 per cent of family businesses in Singapore would pass on management to the next generation, still a close 30 per cent of those would rather sell or float their companies, says a recent survey.

  • S’pore needs foreign manpower for the next 14 years: … Yahoo! Finance Singapore - Fri, Oct 19, 2012 4:29 PM SGT

    To keep the wheels of Singapore's economy turning, the city-state needs to continue relying on foreign manpower, said SIM University (SIM) associate professor and labour economist Randolph Tan. Speaking ...

  • Managers in S’pore generally satisfied with their jobs: … Yahoo! Finance Singapore - Fri, Oct 19, 2012 9:06 AM SGT

    Most managers in Singapore feel satisfied with their jobs but remain wary about risks to the global economy, according to a survey. Conducted by the Singapore Institute of Management (SIM), the survey ...

  • S’pore adults are world’s 8th wealthiest: study Yahoo! Finance Singapore - Thu, Oct 11, 2012 11:55 PM SGT

    Singapore adults have been ranked the eighth wealthiest people in the world, ahead of counterparts in the United Kingdom and Sweden. The average wealth of an adult Singapore resident stood at S$317,000 ...

  • Singapore again ranked Asia’s top city: study Yahoo! Finance Singapore - Thu, Oct 11, 2012 4:09 PM SGT

    For the second year in a row, Singapore has been ranked as Asia's leading city. In PricewaterhouseCooper's "Cities of Opportunity" study, Singapore climbed two places to seventh place out of ...

  • Having a happy family is top intangible goal in S’pore: … Yahoo! Finance Singapore - Thu, Oct 11, 2012 3:43 PM SGT

    The traditional 5Cs that define wealth in Singapore are no longer that relevant today, according to a survey on what people in the city-state strive for in life. Conducted by OCBC Bank, the survey showed ...

  • S’poreans save more than their counterparts abroad: … Yahoo! Finance Singapore - Thu, Oct 4, 2012 9:02 AM SGT

    Singaporeans are more inclined to save for their future than their counterparts in India, China, the United States of America and the United Kingdoms. Among the 1,000 respondents interviewed in each country, ...

  • Singapore has gaps in its growth policies: experts Yahoo! Finance Singapore - Wed, Oct 3, 2012 6:04 PM SGT

    Singapore can continue its pattern of economic growth but some key changes are needed to ensure that such expansion benefits a broader range of people, infrastructure and government strategy experts said. ...

  • Budget Terminal: A victim of Changi crunch? Yahoo! Finance Singapore - Wed, Sep 19, 2012 10:25 AM SGT

    COMMENT The Budget Terminal sits like a misfit in a discreet corner of super-modern Changi Airport, a throwback to a sleepy past where buildings were frills-free and functional. On Sept 25 that six-year-old ...

  • Billionaire investor warns of fresh global crisis ‘in … Yahoo! Finance Singapore - Fri, Aug 24, 2012 10:00 AM SGT

    Commodities guru, Jim Rogers, warns that the current financial crisis is set to worsen in the next couple of years, with fresh problems surfacing in 2013 or 2014. Speaking to Yahoo! Singapore at the Philip ...

  • Insurance coverage increases among S’poreans: stud … Yahoo! Finance Singapore - Fri, Aug 3, 2012 6:39 PM SGT

    The 'protection gap' of Singaporeans has narrowed in the past five years, indicating a growing awareness of the need for financial protection and an increase in the level of insurance coverage, according ...

  • Holes in financial advisory process found Yahoo! Finance Singapore - Sat, Jul 7, 2012 12:39 AM SGT

    No small amount of bad advice on financial products is going around in Singapore, a mystery shopping survey's findings showed. According to the Monetary Authority of Singapore (MAS), a panel of industry ...

  • S’pore bosses often promote without hiking pay: su … Yahoo! Finance Singapore - Wed, Jun 13, 2012 6:10 PM SGT

    It's tough getting rewarded for hard work in Singapore. Employers in the city-state are the third least likely among those in 17 countries to give a pay increase to an employee they promote, a survey ...

  • How to buy stocks during a crisis Yahoo! Finance Singapore - Mon, Jun 4, 2012 5:14 PM SGT

    Many of us have heard that the best time to buy stocks is during a stock market crash or during a correction. However, how many can actually put this into practice? The sure way to make money is to buy ...

  • Being ‘kiasu’ is Singapore’s strong suit: Kiyosaki Yahoo! Finance Singapore - Sun, Jun 3, 2012 11:56 AM SGT

    Robert Kiyosaki, author of the best-selling financial self-help book "Rich Dad Poor Dad", said that being "kiasu" might be the reason why Singapore is so successful today. →

  • BlackBerry maker RIM wooing younger consumers Yahoo! Finance Singapore - Fri, Jun 1, 2012 4:38 PM SGT

    The BlackBerry smartphone, which built its reputation as a corporate device for savvy business people, is shifting towards being a lifestyle device for younger consumers. →

  • The downside of free financial advice Yahoo! Finance Singapore - Thu, May 31, 2012 8:18 AM SGT

    Financial literacy is still low in Singapore, despite our country being one of the leading financial services hubs in the world. Other than recent government initiatives such as Moneysense, a large responsibility ...

  • 7 strategies to fatten your purse Yahoo! Finance Singapore - Fri, May 25, 2012 10:18 AM SGT

    Our desires and wants are unlimited but our financial resources are limited. As such, we need to differentiate our needs and wants. In the course of learning how to better manage and grow my money, I read ...

  • 10 questions to ask before investing in an IPO Yahoo! Finance Singapore - Mon, May 21, 2012 11:49 PM SGT

    Let me share with you a story. A few years ago I was in the lift with my wife. Joining me were two old uncles. One of them told his old pal that the market was recovering. Hence, he had … →

  • How to think about yield investing Yahoo! Finance Singapore - Mon, May 21, 2012 11:47 PM SGT

    Oftentimes, I read comments in forums or the newspapers which mention how attractive some yields are for certain companies, REITs or business trusts. I also hear of friends, peers and colleagues talking ...

  • How to invest in gold Yahoo! Finance Singapore - Mon, May 21, 2012 11:29 PM SGT

    Gold is one of the most valuable and desirable substances known to man. For many years it has been a status symbol as well as a form of currency since the days before money. It is also the most popular ...

  • How long do S’pore CFOs take to read your resume? Yahoo! Finance Singapore - Mon, May 21, 2012 2:05 PM SGT

    Less than 10 minutes — that is how long top executives spend reading your curriculum vitae (CV). According to specialised recruitment firm Robert Half, chief financial officers (CFO) in Singapore take ...

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