With profit growth likely to remain under pressure given the banks’ exposure to the struggling energy sector and an economic slowdown in China, Channel NewsAsia assesses the implications for investors.
As we move towards transacting without cash and cards, what are the implications for tech-enabled disruptors, as well as incumbents with a vested interest - like banks and card issuers?
Singapore will likely see economic growth of between 1 and 2 per cent in 2016, according to the Ministry of Trade and Industry, which also released data showing the economy expanding by 2.1 per cent year-on-year in the second quarter.
Life Insurance Association Singapore attributes the strong growth to the growing awareness among Singaporeans about the importance of medical insurance.
Previously the stuff of science fiction, virtual reality technology was mainly used in expensive, specialised training simulators. That is all set to change as the technology is now more immersive and more affordable.
This comes at a time when challenges such as labour and rental costs are hurting retailers, says Minister of State for Manpower Teo Ser Luck.
In a media release, SMRT said its profit after tax and minority interests came in at S$15.5 million, compared to S$20.1 million in the same period a year ago.
Indicators are pointing to housing oversupply, while the vacancy rate for private homes is approaching recession levels. But property prices have remained firm. Channel NewsAsia asks property analysts why the rising supply has not resulted in a proportionate fall in prices.
A new bullion business under Catalist-listed Soo Kee Group and an online trading platform by GoldSilver Central come on the back of a surge in investor interest in precious metals.
The recommendations - which include a low-fee private investment scheme and the option of a CPF LIFE plan with escalating payouts - have received positive feedback from some financial advisers. But how well the recommendations will work depends on the implementation details, they say.