News

Non-performing mortgage loan risks to persist in banks

NON-performing mortgage loan risks will persist for Singapore banks this year, albeit with a shift from defaults by foreigners on luxury homes to those by locals on suburban homes. Banks

More homeowners look to refinance loans as SIBOR inches up

SINGAPORE: More homeowners who took housing loans from banks are now looking for refinancing options. Loan specialists said they have been getting more inquiries since the recent spike in SIBOR

Moneylending curbs proposed, loan and interest rate caps suggested

SINGAPORE: A committee tasked to review moneylending regulations wants to limit the amount of money a person can borrow from licensed moneylenders, and to simplify the costs involved, especially for