Singapore is still the world’s second freest economy in the 2016 Index of Economic Freedom, although the city-state saw a 1.6-point drop in its Index score from the previous year. “Economic growth has slowed in Singapore, but the city’s openness to global trade and investment continues to provide a solid basis for economic dynamism,” wrote…Read More

In fact, the prevalence of highly leveraged borrowers has declined for new housing loans, said the MAS. “Almost all new housing loans are below the 60 percent TDSR threshold, with a significant proportion of new borrowers having TDSRs of less than 40 percent.” Moreover, borrowers are now taking out fewer mortgages. Borrowers with more than…Read More