News

Singapore bank lending falls, credit card debt up in December

Bank lending in Singapore fell in December from November in a sign that economic activity could be slowing down. Total loans and advances fell to S$607.96 billion at the end

Taking a 3rd HDB loan? Pay market rate, says Minister Khaw

The Housing and Developmental Board (HDB) may grant a third housing loan to home owners – but only in exceptional instances, and at the market rate, said Minister for National

Malaysian billionaire Ananda Krishnan set to settle 1MDB loan ahead of deadline

Malaysian billionaire Ananda Krishnan is preparing to settle a RM2 billion (S$750,900) loan owed by troubled state fund 1MDB, four sources familiar with the matter said – a last-minute reprieve

What to do about home loan as interest rates rise?

Home owners were caught by surprise last week when a key interest rate benchmark suddenly shot up after years of slumber. It was a reality check for many and a

Credit Suisse sues REI Agro in Singapore over alleged loan fraud

Credit Suisse Group sued REI Agro Ltd. in Singapore claiming the Indian basmati rice producer and 16 related companies conspired to get loans for non-existent trades of the staple. REI

Singapore LNG gets S$1.11b term loan

To refinance some of the government loans used to fund the development and construction of the initial phases of the liquefied natural gas (LNG) terminal located on Jurong Island, Singapore