SUBSCRIBERS
Small savers flock to Singapore Savings Bond
Published Wed, Feb 1, 2017 · 09:50 PM
Singapore
THE Singapore Savings Bond (SSB) programme has exceeded S$1 billion in outstanding amount, with more than 37,000 investors, the Monetary Authority of Singapore announced on Wednesday.
The programme has appealed to small savers, with 55 per cent of all applications comprising investments of S$10,000 and below. In terms of age profile, the majority are older applicants, with 44 per cent of them aged 48 and above.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Banking & Finance
Crypto lender Genesis to return US$3 billion to customers in bankruptcy wind-down
Bank of America to pay US$2.9 billion for portfolio of WaFd multifamily loans
Dollar edges up, but still set for weekly decline
Top HSBC shareholder Ping An will retain investment in bank amid sale talk
Hong Kong officially launches pilot for digital yuan payments
India’s biggest junk bond faces creditor demands as delay sought