SIBOR up 25%, but property market is hot?
SIBOR up 25% The three-month Singapore Interbank Offered Rate (Sibor) – the benchmark rate for most residential property loans here – has risen from 0.969 per cent on Jan 3, to 1.212 per cent as of the middle of this month. It is expected to go up further, in line with the Fed interest rate hikes next year. But property...
Good economy = Unhappy hols, cybernuts
In the run up and during the festive season in 2015 and 2016, the cybernuts were having a great time sneering and jeering at the 70% as they smoked weed, drank cheap arak and ate the scraps thrown from millionaire ministers’ tables. They were so happy because conomic growth was only 1.5% and 2% in these yrs, They were so...
US Tax Reform Could Raise US GDP by 1.4%. But How Much Will It Lower Singapore’s GDP?
The Republican tax plan is now almost certain to become law by the end of this year. As I write it has been passed by the Senate and the House but still needs another House vote due to a technical issue. After that Trump will sign it into law and it will take effect in 2018. The most important part of the package is the cut...
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