News

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

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

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

Advisory Committee on Money Lending to release report soon

The Law Ministry will wait until a final report is submitted by the Advisory Committee on Money Lending before deciding on guidelines on appropriate conduct for debt collectors. The report

Buyers must now get HDB loan letter earlier to book flat

Public flat buyers who want a Housing Board loan now have to get their official loan eligibility letter at an earlier stage. This is to avoid situations when buyers book

UOB’s Q4 profit up 1.7%, above expectations on strong loan growth

United Overseas Bank, Singapore’s third-biggest lender, posted a 1.7 per cent rise in quarterly profit on the back of strong loan growth, beating analysts’ average forecast. UOB said net profit