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Buying simple insurance policies might get simpler

Singapore News - The Monetary Authority of Singapore (MAS) wants to make it easier for consumers to buy simple and cost-effective insurance policies that meet their needs, thus narrowing protection gaps in Singapore. To achieve this, MAS is proposing cutting down on the amount of. Read more at www.tnp.sg

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AXS app launches China remittance through UnionPay

Singapore News - A new remittance service on the AXS app will allow money transfers to China for a flat fee of $1 through the UnionPay card network. All transfers can be made securely and quickly within 60 seconds, said Mr Ryan Gwee, founder and chairman of global payment. Read more at www.tnp.sg

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Singapore household debt drops to decade-low as high interest rates deter borrowing: MAS

Singapore News - Great news on the money front. For the past eight quarters, we’ve been chipping away at our debts, and now, our household debt is down to just 1.2 times our disposable income. That’s the lowest it’s been in over 10 years! The MAS just let us in on this in their latest. Read more at www.tnp.sg

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Commemorative LKY100 coins available for walk-in exchange at banks from Dec 4

Singapore News - The public can go to any of 142 participating bank branches from Dec 4 to 31 to exchange for LKY100 coins, the Monetary Authority of Singapore (MAS) said on Nov 22. This includes those who did not apply online earlier, or want more of the coins. There are more. Read more at www.tnp.sg

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MAS unveils coins for Year of the Dragon

Singapore News - The Monetary Authority of Singapore (MAS) unveiled the 2024 Year of the Dragon Almanac coins on Thursday. The coins, which are legal tender at face value, will be issued on Jan 1, 2024. The coins feature a dragon against the backdrop of Gardens by the Bay. The. Read more at www.tnp.sg

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