Business News - Singapore households have amassed a larger pile of debt than they had before Covid-19 struck, thanks to a buoyant property market. Hence, households must carefully assess their ability to meet mortgage obligations and those with a heavy debt load should not take on more. Read more at www.tnp.sg
Household debt as a percentage of GDP rose to 70 per cent in the third quarter of this year from 67.1 per cent a year ago.. Read more at straitstimes.com.
Singapore increased its gold reserves by about 20 per cent earlier this year in a largely under-the-radar move that saw holdings expand for the first time in decades.. Read more at straitstimes.com.