NEW YORK (NYTIMES) – For the past two years, anyone who had a home to sell could get practically any asking price. Good shape or …
Milestone of THz Communication
TOKYO, Jun 29, 2022 – (JCN Newswire via SEAPRWire.com) – Scientists from a project coordinated by Technische Universitat Braunschweig in Germany and Waseda University in …
Singapore Savings Bonds 10-year average return hits 2.71%, highest since 2015
SINGAPORE (THE BUSINESS TIMES) – The average return over 10 years for the July issue of the Singapore Savings Bonds (SSB) soared to 2.71 per …
DBS raises rates on all its home loans, scraps 5-year fixed-rate HDB package
SINGAPORE – Singapore’s largest lender DBS Bank has raised the rates on all its home loan packages as at Tuesday night (June 28), according to …
Are governments doing enough to fight inflation?
The Korea Herald, South Korea President Yoon Suk-yeol on Monday admitted that there are few fundamental solutions to the current economic challenges as countries across …
Demand for housing loans from HDB expected to grow as bank rates rise
SINGAPORE – HDB housing loans, currently offered at 2.6 per cent per annum, are emerging as a more attractive and stable option for risk-averse owners …
Singapore banks raise interest rates on loans for HDB flats
SINGAPORE – Home buyers in Singapore can expect pricier mortgages as local banks have already begun to raise interest rates on loans for Housing Board …
When frequent floods make insurance costly
(NYTIMES) – Climate change is going to hit the pockets of home owners who need to buy flood insurance. Starting this month, communities in Florida …
Global interest rates set to rise along with market volatility
SINGAPORE – The latest message from the United States Federal Reserve is crystal clear – asset purchase tapering will be sooner and faster than previously …
Does high inequality lower interest rates?
(NYTIMES) – The Federal Reserve’s low interest rate policies and other steps meant to boost the economy are driving the value of stocks and other …
Dilemma of saving for puny returns
(NYTIMES) – If you are saving money for the future, one way or another you had best be prepared to lose some of it. That …
South Korea raises interest rates, becoming first major Asian economy to do so
SEOUL (REUTERS, BLOOMBERG) – South Korea raised interest rates for the first time in almost three years on Thursday (Aug 26), becoming the first major Asian …
Should the Fed tackle the US property bubble?
(NYTIMES) – Mr Robert Kaplan, president of the Federal Reserve Bank of Dallas, has been nervously eyeing the housing market as he ponders the path …
Yellen says higher interest rates would be ‘plus’ for US, Fed
WASHINGTON (BLOOMBERG) – Treasury Secretary Janet Yellen said that President Joe Biden’s US$4 trillion (S$5.3 trillion) spending plan would be good for the US, even …
A year when banks cut rates on savings accounts
The coronavirus pandemic has hit many businesses this year, but one change that has also reached consumers is banks cutting their interest rates on savings …
Factory activity expands for fifth month
Singapore manufacturing maintained an expansion mode in November for a fifth straight month, but pulled back from the peak reached in October. However, the electronics …