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Tag: interestrates

Fixed Deposit rates are now below 0.5%…What’s next in the Investment Risk Pyramid?

Fixed Deposit rates are now below 0.5%…What’s next in the Investment Risk Pyramid?

Exactly one year ago, the average fixed deposit (FD) rates of local banks were around 1.6%. Today, the average rate is at 0.4%. That is a substantial 75% reduction.

This is a true rude awakening to the people who often put their money in fixed deposits on a yearly basis, hoping for better renewal rates every year.

For those who don’t know what fixed deposits are and how they work, here’s an explanation:

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SG’s 4th Telco…and Fed Raises the Rate!

SG’s 4th Telco…and Fed Raises the Rate!

2 major news happened this week: 1. TPG wins bid to become the 4th Telco and 2. US has increased interest rates!

TPG is 4th Official Telco

tpg_telecom

TPG has won the bid to become the 4th telco, ousting out competition such as Circles.life and MyRepublic. A new entrant in the oligopolistic market for telecommunications, might just shake up the market share for the Big 3 telcos of Singapore.

However, the question is now to what extent is TPG going to shake up the market share?

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