Wrath of the casino: Another SG bites the dust?
In a further development of the sudden closure of travel agency “Asia-Euro Holiday”, the Chinese media reported yesterday (25 May) a stunning disclosure by an insider. According to the revelation, the boss of the Asia-Euro is said to have been patronizing the casino in Marina Bay Sands and incurred a gambling debt of about...
Residential rentals falling, affecting mortgages
Property firm CBRE released a report yesterday (25 May) showing that the average residential rentals in Singapore are falling across all property classes. The decline was the steepest in districts 9, 10 and 11 as well as the Downtown Core and Sentosa, where the rental index fell by 1.9% in the 1Q of this year compared with the...
New SG Savings Bonds won’t keep up with inflation
The Monetary Authority of Singapore (MAS) recently released more information (11 May) on the new Singapore Savings Bonds. It said that the first Savings Bond would be issued in the second half of this year. Savings Bonds are a new type of Singapore Government Securities (SGS) designed to offer individuals a long-term, flexible...
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