It is quite cooling after the heavy rain in the late evening. Good time to rest.
- wong chee tat :)
Tuesday, April 28, 2015
Scheduled Maintenance - POSB
Scheduled Maintenance - POSB
We are constantly upgrading our systems to bring you a more pleasant banking experience. During the mentioned period of scheduled maintenance, some of the services will not be available:
iBanking
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|---|---|---|
Date
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Maintenance Period
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Services under Maintenance
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03 May 2015
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0130hrs to 0200hrs
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System Maintenance
- MCSA Funds Transfer, and Portfolio Enquiry |
03 May 2015
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0040hrs to 0045hrs
0835hrs to 0840hrs |
System Maintenance
- MCSA Funds Transfer, and Portfolio Enquiry |
03 May 2015
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0130hrs to 0200hrs
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System Maintenance
- Make a Transfer - DBS Hong Kong Remit - Make a Transfer - DBS India Remit - Make a Transfer - DBS Indonesia Remit - Make a Transfer - DBS Philippines Remit - Make a Transfer – All Other Countries |
09 May 2015
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0500hrs to 0700hrs
1800hrs to 2200hrs |
System Maintenance
Credit / Debit Card
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mBanking
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|---|---|---|
Date
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Maintenance Period
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Services under Maintenance
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03 May 2015
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0130hrs to 0200hrs
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System Maintenance
- DBS India Remit - Send Money to Overseas Bank Account |
09 May 2015
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0500hrs to 0700hrs
1800hrs to 2200hrs |
System Maintenance
Funds Transfer Overseas
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iB - Trading Services
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|---|---|---|
Date
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Maintenance Period
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Services under Maintenance
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28 Mar 2015
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1000hrs to 2000hrs
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System Maintenance
- iB trading services |
- wong chee tat :)
Prices of private homes fall 1% on-quarter in Q1: URA
Prices of private homes fall 1% on-quarter in Q1: URA
POSTED: 24 Apr 2015 09:13
UPDATED: 24 Apr 2015 09:15
The price decline was seen across all segments of the private residential property market, with non-landed properties in the Rest of Central Region leading the drop, according to URA statistics.
SINGAPORE: Prices of private residential properties decreased 1 per cent quarter-on-quarter in the first quarter of 2015, representing the sixth straight quarter of price decline, the Urban Redevelopment Authority said on Friday (Apr 24).
The price index for Q1 dropped to 145.5, from the previous quarter's 147.0. The decline was seen across the whole private residential property market, with non-landed properties in the Rest of Central Region (RCR) leading the drop with 1.7 per cent. Prices for the Core Central Region (CCR) dipped by 0.4 per cent, while the Outside Central Region (OCR) fell 1.1 per cent, the data showed.
Landed property prices also fell by 0.9 per cent, it added.
In terms of rentals of private residential properties, the rental index dropped 1.7 per cent from Q4 2014's 114.1 to Q1 2015's 112.2, URA said. The decline was seen across all segments, with the CCR leading the drop with 1.9 per cent.
Developers had launched 1,189 uncompleted private residential units, excluding Executive Condominiums (ECs), in Q1 - lower than the 1,592 units in the previous quarter. Sales hit 1,311, lower than the 1,376 units sold in Q4 2014, it added.
- CNA/kk
- wong chee tat :)
POSTED: 24 Apr 2015 09:13
UPDATED: 24 Apr 2015 09:15
The price decline was seen across all segments of the private residential property market, with non-landed properties in the Rest of Central Region leading the drop, according to URA statistics.
SINGAPORE: Prices of private residential properties decreased 1 per cent quarter-on-quarter in the first quarter of 2015, representing the sixth straight quarter of price decline, the Urban Redevelopment Authority said on Friday (Apr 24).
The price index for Q1 dropped to 145.5, from the previous quarter's 147.0. The decline was seen across the whole private residential property market, with non-landed properties in the Rest of Central Region (RCR) leading the drop with 1.7 per cent. Prices for the Core Central Region (CCR) dipped by 0.4 per cent, while the Outside Central Region (OCR) fell 1.1 per cent, the data showed.
Landed property prices also fell by 0.9 per cent, it added.
In terms of rentals of private residential properties, the rental index dropped 1.7 per cent from Q4 2014's 114.1 to Q1 2015's 112.2, URA said. The decline was seen across all segments, with the CCR leading the drop with 1.9 per cent.
Developers had launched 1,189 uncompleted private residential units, excluding Executive Condominiums (ECs), in Q1 - lower than the 1,592 units in the previous quarter. Sales hit 1,311, lower than the 1,376 units sold in Q4 2014, it added.
- CNA/kk
- wong chee tat :)
Frasers Centrepoint to build 16-storey hotel at China Square Central site
Frasers Centrepoint to build 16-storey hotel at China Square Central site
POSTED: 27 Apr 2015 13:40
UPDATED: 27 Apr 2015 13:41
The hotel, with a gross floor area of 16,000 square metres, will be operated by Frasers Hospitality under the "Capri by Fraser" brand.
SINGAPORE: Property developer Frasers Centrepoint (FCL) will build a 16-storey hotel at China Square Central following an agreement that will see the developer pay Frasers Commercial Trust (FCOT) around S$44.8 million, FCOT announced on Monday (Apr 27).
The hotel, with a gross floor area of 16,000 square metres and located near Cross Street, will be operated by Frasers Hospitality under the "Capri by Fraser" brand.
“The China Square Central hotel transaction would enable FCOT to unlock and crystalise the value of the additional GFA (gross floor area) and minimise the exposure of FCOT to development risks. The hotel to be developed by FCL will raise the profile of China Square Central as an integrated development," said Mr Low Chee Wah, Chief Executive Officer of Frasers Centrepoint Asset Management (Commercial), in a news release.
"The hotel is expected to further rejuvenate and boost the value of China Square Central in the long run. These are in line with FCOT’s objective of achieving long term growth in distributions and net asset value per unit,” he added.
Separately, FCOT also said it has entered into a conditional sale and purchase agreement with Australand Property to buy a Grade A office building in the Melbourne central business district called 357 Collins Street for A$222.5 million (S$231.6 million).
- CNA/av
- wong chee tat :)
POSTED: 27 Apr 2015 13:40
UPDATED: 27 Apr 2015 13:41
The hotel, with a gross floor area of 16,000 square metres, will be operated by Frasers Hospitality under the "Capri by Fraser" brand.
SINGAPORE: Property developer Frasers Centrepoint (FCL) will build a 16-storey hotel at China Square Central following an agreement that will see the developer pay Frasers Commercial Trust (FCOT) around S$44.8 million, FCOT announced on Monday (Apr 27).
The hotel, with a gross floor area of 16,000 square metres and located near Cross Street, will be operated by Frasers Hospitality under the "Capri by Fraser" brand.
“The China Square Central hotel transaction would enable FCOT to unlock and crystalise the value of the additional GFA (gross floor area) and minimise the exposure of FCOT to development risks. The hotel to be developed by FCL will raise the profile of China Square Central as an integrated development," said Mr Low Chee Wah, Chief Executive Officer of Frasers Centrepoint Asset Management (Commercial), in a news release.
"The hotel is expected to further rejuvenate and boost the value of China Square Central in the long run. These are in line with FCOT’s objective of achieving long term growth in distributions and net asset value per unit,” he added.
Separately, FCOT also said it has entered into a conditional sale and purchase agreement with Australand Property to buy a Grade A office building in the Melbourne central business district called 357 Collins Street for A$222.5 million (S$231.6 million).
- CNA/av
- wong chee tat :)
Singaporeans' understanding of basic money management getting worse: Survey
Singaporeans' understanding of basic money management getting worse: Survey
POSTED: 27 Apr 2015 15:45
UPDATED: 28 Apr 2015 09:11
“Going by the survey results, people in Singapore are finding it harder to keep up with bills, budget effectively and manage unsecured loans,” says MasterCard.
SINGAPORE: The Republic has recorded the largest decline in financial literacy in the Asia Pacific - dropping from second to sixth place, according to the MasterCard Financial Literacy Index.
In a news release on Monday (27 Apr), MasterCard said Singapore slid four index points to score 68 index points in financial literacy, while New Zealand ranked second with 71 points, losing the top spot to Taiwan.
The annual survey, conducted between July and Aug 2014 on 8,087 respondents aged 18 to 64 in 16 countries in the Asia Pacific, covers three components: Basic Money Management, Financial Planning and Investment.
The key reason for the decline in Singapore’s financial literacy is the fall in consumers’ understanding of basic money management, said the release. “Going by the survey results, people in Singapore are finding it harder to keep up with bills, budget effectively and manage unsecured loans.”
Singapore is not the only country that experienced a drop, as MasterCard revealed that the struggle to improve financial literacy “is taking place throughout the region”. Progress towards improving basic finance knowledge and skills across Asia Pacific has stalled as 12 of 16 countries recorded lower scores in financial literacy, the release added.
Other countries that saw a decline include Australia and Japan, both down by two points to fourth and sixteenth place respectively. This was also attributed as the reason behind Hong Kong’s advancement from fifth to third place.
While developed markets tend to rank higher than emerging markets such as Myanmar and Vietnam, Japan remains the outlier, staying in the bottom spot for the 3rd consecutive year.
“There is no one reason for the falling level of financial literacy across the region but the data clearly shows that the young and unemployed need additional support. Educating people so they can plan for the future is a crucial aspect of financial inclusion,” said Mr T V Seshadri, Group Executive, Global Products and Solutions, MasterCard Asia Pacific.
“In both developed and emerging markets, people are struggling to understand basic financial concepts such as inflation," he said. "In addition, while Asia Pacific is a region of savers, the lack of retirement planning should cause particular concern. It is not enough to provide access to financial services, we must ensure that everyone knows how to save, budget and invest so that their wellbeing can be secured over the long term.”
MasterCard Singapore group head and general manager Deborah Heng, added that a practical understanding of how to manage money, including saving and borrowing, should be provided by parents and taught at school.
“Crucial to improving financial literacy is encouraging education at an early age. The goal is to eventually develop financial know-how so that people can effectively manage money matters such as household cash-flows and loans,” she said.
- CNA/ct
- wong chee tat :)
POSTED: 27 Apr 2015 15:45
UPDATED: 28 Apr 2015 09:11
“Going by the survey results, people in Singapore are finding it harder to keep up with bills, budget effectively and manage unsecured loans,” says MasterCard.
SINGAPORE: The Republic has recorded the largest decline in financial literacy in the Asia Pacific - dropping from second to sixth place, according to the MasterCard Financial Literacy Index.
In a news release on Monday (27 Apr), MasterCard said Singapore slid four index points to score 68 index points in financial literacy, while New Zealand ranked second with 71 points, losing the top spot to Taiwan.
The annual survey, conducted between July and Aug 2014 on 8,087 respondents aged 18 to 64 in 16 countries in the Asia Pacific, covers three components: Basic Money Management, Financial Planning and Investment.
The key reason for the decline in Singapore’s financial literacy is the fall in consumers’ understanding of basic money management, said the release. “Going by the survey results, people in Singapore are finding it harder to keep up with bills, budget effectively and manage unsecured loans.”
Singapore is not the only country that experienced a drop, as MasterCard revealed that the struggle to improve financial literacy “is taking place throughout the region”. Progress towards improving basic finance knowledge and skills across Asia Pacific has stalled as 12 of 16 countries recorded lower scores in financial literacy, the release added.
Other countries that saw a decline include Australia and Japan, both down by two points to fourth and sixteenth place respectively. This was also attributed as the reason behind Hong Kong’s advancement from fifth to third place.
While developed markets tend to rank higher than emerging markets such as Myanmar and Vietnam, Japan remains the outlier, staying in the bottom spot for the 3rd consecutive year.
“There is no one reason for the falling level of financial literacy across the region but the data clearly shows that the young and unemployed need additional support. Educating people so they can plan for the future is a crucial aspect of financial inclusion,” said Mr T V Seshadri, Group Executive, Global Products and Solutions, MasterCard Asia Pacific.
“In both developed and emerging markets, people are struggling to understand basic financial concepts such as inflation," he said. "In addition, while Asia Pacific is a region of savers, the lack of retirement planning should cause particular concern. It is not enough to provide access to financial services, we must ensure that everyone knows how to save, budget and invest so that their wellbeing can be secured over the long term.”
MasterCard Singapore group head and general manager Deborah Heng, added that a practical understanding of how to manage money, including saving and borrowing, should be provided by parents and taught at school.
“Crucial to improving financial literacy is encouraging education at an early age. The goal is to eventually develop financial know-how so that people can effectively manage money matters such as household cash-flows and loans,” she said.
- CNA/ct
- wong chee tat :)
More workers laid off in 2014 amid restructuring
More workers laid off in 2014 amid restructuring
By Dylan Loh, Channel NewsAsia
POSTED: 23 Apr 2015 11:11
UPDATED: 24 Apr 2015 00:00
SINGAPORE: More people were laid off in Singapore last year, due to a rise in redundancies among non-residents, according to data released by the Ministry of Manpower (MOM) on Thursday (Apr 23).
In 2014, 12,930 workers were laid off, up from 11,560 in 2013. In other words, 6.3 workers were made redundant for every 1,000 employees, the report said.
However, fewer citizens and Permanent Residents were made redundant last year – 7,240 were laid off last year, as compared to 7,520 in 2013.
The increase in redundancies was mainly from the services sector, said MOM. Layoffs in the construction sector also went up, amid a decline in private sector construction output.
The manufacturing sector, a key pillar of Singapore's economy, contributed less of a share to redundancies in 2014. But experts said this sector should still be closely watched, especially if more firms relocate their activities overseas.
Professionals, managers, executives and technicians (PMETs) formed 51 per cent of the layoffs last year, as compared to 56 per cent in 2013. The likelihood of redundancy among PMETs remained higher than clerical, sales and service workers, and production and related workers.
The top reasons cited by firms for the redundancies were restructuring, re-organisation and poor business. Human resource experts said this is typical of what firms in an economy in transition will experience.
"We are seeing a very strong business economy right now. We are seeing jobs are created, we are seeing the human resources departments in companies still recruiting rapidly. They've got a lot of people they need to bring in, and it's generally a very good market for job seekers," said Mr Ian Grundy, Head of Marketing and Communications Asia at Adecco Personnel.
Mr Erman Tan, President of the Singapore Human Resources Institute said there will be a certain level of layoffs in various industries.
"But we really encourage the workforce to keep a very open mindset and to ensure that they continue to pick up new skills; to have a lifelong learning attitude just to ensure that they have skills sets that are always relevant to the marketplace," he added.
WORKERS FIND NEW JOBS MORE QUICKLY
Residents who were made redundant found replacement jobs more quickly last year, according to the report. The rate of re-entry into employment within six months of being laid off rose for the third consecutive quarter to 59 per cent in Dec 2014, said MOM.
Additionally, 68 per cent of residents who were laid off in the first three quarters of 2014 found jobs by December in the same year. This is compared to 66 per cent of the previous cohort.
About half of those who were laid off found new jobs within a month, and 68 per cent found work in a different industry, the data revealed.
- CNA/xq/dl
- wong chee tat :)
By Dylan Loh, Channel NewsAsia
POSTED: 23 Apr 2015 11:11
UPDATED: 24 Apr 2015 00:00
SINGAPORE: More people were laid off in Singapore last year, due to a rise in redundancies among non-residents, according to data released by the Ministry of Manpower (MOM) on Thursday (Apr 23).
In 2014, 12,930 workers were laid off, up from 11,560 in 2013. In other words, 6.3 workers were made redundant for every 1,000 employees, the report said.
However, fewer citizens and Permanent Residents were made redundant last year – 7,240 were laid off last year, as compared to 7,520 in 2013.
The increase in redundancies was mainly from the services sector, said MOM. Layoffs in the construction sector also went up, amid a decline in private sector construction output.
The manufacturing sector, a key pillar of Singapore's economy, contributed less of a share to redundancies in 2014. But experts said this sector should still be closely watched, especially if more firms relocate their activities overseas.
Professionals, managers, executives and technicians (PMETs) formed 51 per cent of the layoffs last year, as compared to 56 per cent in 2013. The likelihood of redundancy among PMETs remained higher than clerical, sales and service workers, and production and related workers.
The top reasons cited by firms for the redundancies were restructuring, re-organisation and poor business. Human resource experts said this is typical of what firms in an economy in transition will experience.
"We are seeing a very strong business economy right now. We are seeing jobs are created, we are seeing the human resources departments in companies still recruiting rapidly. They've got a lot of people they need to bring in, and it's generally a very good market for job seekers," said Mr Ian Grundy, Head of Marketing and Communications Asia at Adecco Personnel.
Mr Erman Tan, President of the Singapore Human Resources Institute said there will be a certain level of layoffs in various industries.
"But we really encourage the workforce to keep a very open mindset and to ensure that they continue to pick up new skills; to have a lifelong learning attitude just to ensure that they have skills sets that are always relevant to the marketplace," he added.
WORKERS FIND NEW JOBS MORE QUICKLY
Residents who were made redundant found replacement jobs more quickly last year, according to the report. The rate of re-entry into employment within six months of being laid off rose for the third consecutive quarter to 59 per cent in Dec 2014, said MOM.
Additionally, 68 per cent of residents who were laid off in the first three quarters of 2014 found jobs by December in the same year. This is compared to 66 per cent of the previous cohort.
About half of those who were laid off found new jobs within a month, and 68 per cent found work in a different industry, the data revealed.
- CNA/xq/dl
- wong chee tat :)
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