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Disclaimer: Comments below are purely based on facts gathered either offline or online and it is meant only for reference purposes only.

 

Budget 2016: SMEs can loan up to S$300k under new working capital loan scheme

A NEW SME Working Capital Loan scheme will be introduced for loans of up to S$300,000 per company, said Finance Minister Heng Swee Keat in Parliament on Thursday.

This measure, he added, will support viable SMEs that may have cash flow concerns or wish to continue growing their business.

The government will co-share 50 per cent of the default risk of such loans with participating financial institutions, to encourage lending to Singapore's SMEs.

Mr Heng said the new scheme will be available for three years, adding that this could catalyse more than S$2 billion worth of loans over this period.

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Offices are getting cheaper in singapore

27th Jan 2016 , By Yahoo Finance

 

Rents might dip by as much as 20%.

The time when office rents in Singapore grew at a dizzyingly brisk pace is now in the past. With a record number of prime office completions slated in 2016, CIMB warns that rents will just get cheaper and cheaper in Singapore’s Central Business District.

CIMB said that rents are expected to drop by 15% to 20% from 2016 to 2017, on back of large completions and reduced tenant interest.

Following strong growth in the office rents over the past three years, rents have started to contract since the beginning of 2015, as landlords rush to secure their tenancies ahead of increased competition from the wave of incoming supply in 2016-17 as well as reduced appetite as a result of the slower pace of economic activities,” CIMB said.

CIMB also raised the alarm over...........Read more here

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DBS Home Loan using Fixed Home Deposit Rate

26th Jan 2016 , By moneysmart

When I think “groundbreaking”, I think of Marvel and Guardians of the Galaxy, which starred a talking raccoon and a walking tree and still managed to pocket US$768 million at the worldwide box office to become this year’s #1 movie so far.

When I think groundbreaking, I don’t usually think of DBS home loans.

But DBS has definitely broken some new ground by introducing their Fixed Deposit Home Rate (FHR). This board rate hopes to become a viable alternative to the Singapore Interbank Offered Rate (SIBOR). Based on the take up rate of DBS home loan packages pegged to the FHR since its introduction in June this year, it seems to have worked.

 

What is FHR based on?

Currently, DBS has simplified the FHR rate to a new FHR18 package. .. Read more here

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Why oil price is affecting businesses across the globe?

25th Jan 2016 , By theweek.co.uk

Oil prices of below $30 a barrel re "irrational" and cannot last through this year, the chairman of Saudi Arabia's state oil company Aramco has claimed.

Khalid al-Falih told delegates at the World Economic Forum in Davos that "while current prices could be explained by excess capacity, they would not last as many smaller producers [face] financial difficulties", according to theFinancial Times. "The market has overshot on the low side and it is inevitable that it will start turning up," he added.

Oil has certainly been tumbling recently. International benchmark Brent crude has twice this week set a new near 13-year low of below $28 a barrel, as fears over persistent oversupply reached fever pitch following the news that Iran will return to export markets this month. A slowdown in China that could hit demand is also exacerbating bearish sentiment. .. Read more here