Growing Consumer Debt among Singaporeans
"The recent big surge in housing loans and the growth of rollover balances raise the question of whether Singaporeans already facing one of the highest debt to income ratio in the world, have placed themselves in a precarious situation", Kuo How Nam, President - Credit Counselling Singapore (CCS), ST Forum 5 Jan 2011. Singaporeans...
HSBC sees China and America leading global mega-boom
The Telegraph, 5 January 2011 Crunching everything from fertility rates to schooling levels and the rule of law, HSBC predicts that the world's economic output will triple again by 2050, provided the major states can avoid conflict - trade wars, or worse - and defeat the Malthusian threat of food and water limits. Growth will...
Hot property prices here ‘worrying’
TODAY, 8 December 2010 The Asian Development Bank (ADB) said yesterday that Singapore's fast-rising home prices are "worrying", as real-estate lending accounts for more than half of total loans in the banking system. According to the latest issue of the ADB's Asia Economic Monitor, the share of property-related loans in total...
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