Singapore

Credit card balances outstanding in Singapore to grow by 4% in 2023 As Singaporeans regain confidence in their financial stability and embrace a new normal post COVID-19 pandemic, the credit card market is primed to flourish. Against the backdrop, the credit card balance outstanding is expected to grow by 4% to reach SGD13.7 billion ($10.2 billion) in 2023, forecasts GlobalData, a leading data and analytics company. The...

M&A in Singapore life insurance industry to further consolidate position of top 10 insurers in 2021 Singapore life insurance industry is highly concentrated with the top 10 insurers accounting for 95% market share in 2020. Boost in demand for life insurance products, and mergers and acquisitions (M&A) will further consolidate the country’s life insurance industry in 2021, finds GlobalData, a leading data and analytics company. Swarup...