Loan recipients on ‘strike’ meet with federal officials

Pamela Hunt is so overwhelmed by her $56,000 in student loans for what she considers a worthless criminal justice master’s degree that she’s joined others on a “debt strike” and refusing to pay back the money. On Tuesday, she walked out of a meeting with officials from the Consumer Financial Protection Bureau and the Education […]

Should you still get a SIBOR-based home loan?

Think of the last good dream you had. You know, like the one where you paid only $2 COE on your new car, or you were Left Shark in the Katy Perry Super Bowl halftime show? Then remember how you felt when you woke up and realised reality was still as shitty as it was […]

MAS may delay unsecured loan cap implementation

The unsecured bank borrowing limit of 12 months’ income for consumers, which was slated to take effect in June, could kick in later. The Monetary Authority of Singapore (MAS) is reviewing the implementation timeline and details will be released early next month, said Minister for Culture, Community and Youth Lawrence Wong. He was responding to […]

Is Genting Singapore PLC Borrowing More Money (And How Would This Affect The Firm)?

According to a Business Times article published earlier today, Genting Singapore PLC (SGX: G13) has plans to borrow S$2.25 billion worth of loans from banks for refinancing of existing borrowings and general corporate purposes. There’s no official announcement from Genting Singapore on the matter just yet as of the time of writing (14:15 pm), but we can […]

Genting Singapore’s RWS to borrow $2.27 billion

Genting Singapore’s Resorts World Sentosa plans to raise $2.27 billion of bank loans, Bloomberg reported, citing sources familiar with the deal. The five-year syndicated deal will be split into a S$1.75 billion amortising term loan, a $500 million revolving facility, and a $20 million bank guarantee facility. Bank of Tokyo-Mitsubishi UFJ, DBS Bank, HSBC Bank, […]