MAS keeps close watch on debt of SG households
(SINGAPORE, 28 Nov): Some highly-leveraged households in Singapore may be vulnerable if interest rates rise or the economy slows, its central bank said, asserting it will take more steps if needed to keep household debt at manageable levels. “Despite some moderation in the overall level of household indebtedness, the level...
GIC to invest in Indonesia property with Rajawali
Nov 25 (Reuters) - Singapore's sovereign wealth fund GIC and Indonesia's Rajawali Group have agreed to jointly invest up to $500 million in equity in property projects in Indonesia, the two companies said in a statement on Tuesday. The joint venture will look at sectors including office, retail, residential and mixed-use projects...
UK PM to curb benefits for migrants from EU
(28 Nov) - The prime minister will set out plans to curb welfare benefits for migrants from the EU in a speech later. He will say European migrants should have to wait at least four years before receiving benefits such as welfare payments or council houses. And he will insist that such reform is an "absolute requirement" in...
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