savings

Gig workers may enjoy enviable perks but tend to save less: Manulife

SINGAPORE (Oct 4): Joining Singapore’s rising gig economy certainly comes with benefits, such as flexibility and job satisfaction, that a regular nine-to-five desk job may not offer. Those who opt to do so are however finding it harder to save compared to full-time employees, finds a new study by Manulife.

StarHub to lay off 300 employees as telco commences strategic review

SINGAPORE (Oct 3): StarHub is embarking on a strategic transformation review that will include laying off an estimated 300 of its full-time staff, primarily those in non-customer facing functions, with those affected to be notified by the end of this month.

In an aftermarket press statement issued on Wednesday, the telco attributes the decision to “ongoing natural attrition and tighter management of contractor roles [which] will result in additional roles being made redundant”.

Millennials the most savings-savvy generation in Singapore, finds UOB study

SINGAPORE (July 18): Singapore's millennials are outpacing their Generation X (Gen X) and baby boomer peers when it comes to growing their savings, according to United Overseas Bank’s (UOB) transaction patterns of its flagship UOB One Account holders. 

From mid-2015 to mid-2018, it was found that the average account balance for millennials grew 31% per annum to $27,000 – a trend which UOB says is supported by research conducted by Visa’s Millennials Study 2016, which indicated the generation is more focused on saving and investing compared to others.

Australia's AAA rating is back under the microscope

SYDNEY (May 9): Australia’s AAA rating is again under the microscope as the government prepares to deliver a budget Tuesday that appears long on spending pledges and short on savings.

5 personal finance resolutions to make for a wealthier 2017

SINGAPORE (Dec 28): Record job cuts, online trading scams, and mounting fears among working age Singaporeans of not being able to fund a comfortable retirement. These represent just the tip of the iceberg for Singapore’s economy this year, and the general consensus is that 2017 will not be any better.

While physical fitness and health goals top the New Year resolution lists of many, getting into (and staying in) good financial shape is a whole different ball game altogether.

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