• Finance sector the only bright spot in Singapore’s lacklustre labour productivity growth

    The construction sector led the decline. Recent numbers in Singapore’s economy are still leaving much to be desired, with aggregate labour productivity growth continuing to disappoint. Nomura adds that the decline was led by the construction sector and almost all segments of the services sector, except finance & insurance. …

  • Labour productivity slips for the third straight quarter with 1.5% contraction in Q4

    All sectors saw a dip in productivity, except for finance & insurance, which registered robust productivity growth of 5.1%.

  • Singapore economy grew 2.9% in last year, down from 4.4% in 2013

    Data released today by the Ministry of Trade and Industry (MTI) showed that growth was supported mainly by the finance & insurance and business services sectors, which recorded growth rates of 7.7% and 2.9% respectively. On the other hand, growth in the construction sector moderated to 3% from 6.3% in 2013, weighed down …

  • Renting a Car this Chinese New Year? The T&Cs Could Really Screw You Over

    Renting a car is much cheaper and should save you from years of debt. Many rental car companies claim to provide unlimited third-party liability. This is to ensure that only major claims are brought to the insurance company. For example, if you, as the insured person has an excess of $500 and the total repair costs are …

  • Great Eastern’s profit surged 30% to $878.6m in FY14

    Great Eastern’s net profit surged to $878.6m in FY14, an increase of 30% from the $674.8m that the group raked in last year. Core profit from the insurance business grew 6% to $591m, primarily driven by better performance from its investment-linked fund in Malaysia. Great Eastern’s net profit increased 25% year-on-year …

  • Do You Really Need Travel Insurance?

    Travel insurance sounds like something meant to fleece kiasee people of their hard-earned cash. Many of us pay for travel insurance before we get on that plane. In addition, if you have a medical insurance policy here in Singapore, you might recall your agent having told you something about being able to make claims for …

  • Life insurance industry hit with sales slowdown as new sales slide 6% in Q3

    The third quarter proved to be quite disappointing for the country’s life insurance industry. The Life Insurance Association Singapore today revealed that weighted new business sales slipped 6% year-on-year to $705.4m in Q3. The life insurance industry paid out S$5.33 billion to policyholders and beneficiaries as at end …

  • Not-so-great: OCBC’s Great Eastern profits plunge 31.2% in 2014

    Blame the financial markets. Lower gains, when seen from a bigger picture, could point to the economy as the main culprit. Great Eastern, OCBC’s 87%-owned insurance arm, reported a 3Q14 core PATMI of SGD194.6m, ...

  • Surge in patients increases Raffles Medical’s 3Q14 revenue by 11.1%

    As healthcare insurance services also spike. 4Q is traditionally Raffles Medical Group’s strongest quarter, but this time 3Q is also bringing in solid statistics. According to a report by OCBC Investment ...

  • Driving Into Malaysia? Here’s What You Should Do If an Accident Happens There

    Singaporeans drive in and out of Malaysia everyday, and yet it seems like the hazards change on a daily basis. With all these different variables and the lack of protection and sense of safety that we take for granted in Singapore, here are 3 things you need to take note of should you be driving in to Malaysia on a relatively …

  • DBS named advisory partner in World Bank’s Global Infrastructure Facility

    It will support infrastructure projects in emerging markets. Singapore’s DBS Bank has joined some of the world’s largest asset management and private equity firms, pension and insurance funds, and commercial banks as a partner in the World Bank’s Global Infrastructure Facility. The objective of the GIF is to catalyse …

  • 5 Simple Steps That Will Tell You How Much You Need To Budget For Insurance

    While it’s possible to read up on insurance and make educated decisions based on your research, it’s highly recommended that you meet with a financial planner so that you can establish exactly how much insurance you will need AND how much insurance you can afford. In situations where the available budget might be a bit …

  • Think All Insurance Plans Do The Same Thing? Read This Before You Waste Money On Something You Don’t Need

    If you already have a good grasp of your financial situation, know what your future financial goals are – it’s a bit easier to choose between a term life, whole life, or whole life investment-linked policy (ILP) and not just choosing a plan that is “recommended” but instead is just going to paying your insurance agent’s …

  • It's excluded in insurance policies. NTUC Income revealed that it will no longer cover cancellation of trips to Hong Kong, as the clashes continue between police and pro-democracy protesters in the island. “In view of the protest in Hong Kong publicised by the mass media and travel advisory by Ministry of Foreign Affairs, …

  • Money no enough: Nearly half of Singaporean households are subsisting from paycheck to paycheck

    Here’s an uncomfortable truth about Singaporean households: a report by CLSA revealed that almost half of households across the island are saving less than 10% of their monthly incomes, leaving them unable to cope with unexpected financial expenses. The report revealed that 30% of Singaporean households save less than …

  • CPF Board moves to lower investment costs

    Funds must follow the new total expense ratio. The CPF Board yesterday revealed that it will be reducing the limits on the Total Expense Ratio (TER) for unit trusts and investment-linked insurance products ...

  • Local insurers to underwrite $8.25b worth of construction projects by 2018

    Majority of the projects will be in emerging markets. As Asia’s insurance hub, Singapore-based firms are expected to underwrite US$4.5 billion worth of construction projects this year, a 22% increase over ...

  • 3 Reasons Why You Need To Get Mortgage Insurance

    To be honest, mortgage insurance was a product that was the least intuitive to me when I was training to become a relationship manager years ago. Fast forward to today, after helping many clients sign up for mortgage insurance, sometimes bundled with their home mortgage packages, I will certainly advise anybody who is …

  • Bankruptcy defense: New credit insurance policy for SMEs launched

    SMEs are the least protected against credit defaults. Small and medium enterprises no longer need to worry about potential credit defaults by their customers. EQ Insurance and Coface today launched a simplified Credit Insurance policy specifically designed to cover SMEs against potential non-payment by their customers. …

  • More than half of Singaporean travellers don’t buy travel insurance for their trips: report

    Most travellers prefer to save valuable funds. The adage “Better to be safe than sorry” seems lost on most Singapore-based travellers. A report released today by online travel agent ZUJI revealed that only 45% of Singapore travellers buy travel insurance for their trips. Meanwhile, 30% of travellers only buy insurance …

More »
 

Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.3716+0.0039+0.29%
    USDSGD=X
    1.5122-0.0033-0.22%
    EURSGD=X
    2.0895+0.0017+0.08%
    GBPSGD=X
    87.6179+0.0987+0.11%
    SGDJPY=X
    5.6564-0.0139-0.25%
    SGDHKD=X
    2.6660-0.008-0.30%
    SGDMYR=X
    9,515.4834+11.5703+0.12%
    SGDIDR=X
    4.5678-0.0143-0.31%
    SGDCNY=X
    1.0658-0.0034-0.32%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,199.90-1.00-0.08%
    GCJ15.CMX
    16.20+0.04+0.26%
    SIK15.CMX
    72.50-0.19-0.26%
    ^XAU
    2.65-0.01-0.23%
    HGK15.CMX
    50.78-0.75-1.46%
    CLJ15.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.57-0.03
    ^FVX
    2.11-0.01
    ^TNX
    2.720.00
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    100.015+0.0010.00%
    41H.SI
    0.139+0.004+2.96%
    5GB.SI
    0.280.000.00%
    5WA.SI
    0.41-0.02-3.53%
    E5H.SI
    0.95-0.01-1.55%
    G13.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.22+0.03+15.79%
    B26.SI
    0.114+0.009+8.57%
    5TN.SI
    0.128+0.010+8.47%
    5G2.SI
    0.235+0.015+6.82%
    D79.SI
    0.695+0.035+5.30%
    TI6.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.11-0.02-14.73%
    5MD.SI
    0.61-0.06-9.63%
    O9E.SI
    0.20-0.02-9.09%
    B1N.SI
    0.21-0.02-8.70%
    5G1.SI
    0.305-0.025-7.58%
    T4B.SI