No changes made by Fed to interest rate, although an end-of-year hike is likely

On Wednesday, 21 September 2016, the U.S. Federal Reserve made no changes to the interest rates, but implied that an increase is likely to happen at the end of the year. This hold is for the sixth consecutive time, and the focus is currently…

MAS Makes Adjustments to TDSR Rules

In an announcement made by the Monetary Authority of Singapore (MAS) on Thursday, 1 September 2016, homeowners now have more flexibility with regard to the Total Debt Servicing Ratio (TDSR) scheme, allowing them to refinance existing home…

UOB Suspends Financing Services for London Properties

The United Overseas Bank (UOB) is the first bank in Singapore to announce its suspension of loans programme for properties in London, due to the instability of the current market. This decision comes as no surprise as the United Kingdom…

U.S. Fed Keeps Interest Rates Unchanged

On Wednesday, the federal reserve kept their rates unchanged once again. The decision reflects their ongoing concerns surrounding a stall in US employment and inflation, the possible Britain's Brexit and its potential impacts on the global…

URA unable to approve new eateries until illegal parking issue is alleviated

Based on traffic and parking conditions evaluated by the Urban Redevelopment Authority (URA) and Land Transport Authority (LTA), a new ban has been placed on various sought-after dining locations with effect from 30 May 2016. This comes…