Singapore households see asset growth of 5% in first half 2020
Allianz study says it's a strong indication of a positive outcome for the whole year if there's no sharp economic slump
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
SINGAPORE households are estimated to have seen asset growth of 5 per cent in the first six months of the year, despite the ravages of Covid-19.
The latest edition of the Allianz Global Wealth Report found that following a disciplined savings approach, "it seems as if Singaporean households might also be able to weather the pandemic crisis in 2020''.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
OCBC is said to emerge as lead bidder for HSBC Indonesia assets
Middle East-linked energy supply shocks put Asean Power Grid back in focus
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore