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Showing posts with label Singapore. Show all posts
Showing posts with label Singapore. Show all posts

Monday, 16 February 2026

Entertainment Updates: Man in S’pore advertises himself as ‘boyfriend for rent’ on social media for Valentine’s Day & CNY


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https://mustsharenews.com/boyfriend-for-rent-cny/

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With Valentine’s Day just past and Chinese New Year (CNY) approaching, a Singaporean man has drawn attention online by advertising himself as a “boyfriend for rent” to help singles navigate festive social pressure. On 11 Feb, an Instagram post by Instagram user @liangjishiye showcased a tongue-in-cheek poster aimed at those weary of relatives asking why they are still single.

The eye-catching advertisement featured the man dressed in a bright yellow suit and glasses, confidently pitching himself as “The Perfect Plus-One.” The post promised services such as punctuality, appropriate dressing, polite smiling, and the ability to “automatically shut down all repetitive questions” from curious aunties during reunion gatherings.

The rental service is priced at S$500 per hour and comes with humorous terms and conditions. These include surge pricing if more than three aunties are present, extra charges for pets or babies, and complimentary transport—excluding parking fees. While the poster cheekily notes that “romance is possible,” it stresses that the arrangement is “purely optics” with zero commitment involved. The man also marketed the offer as a “2-in-1 promo” for both Valentine’s Day and CNY.

The individual behind the post is 52-year-old hawker Dominic Neo, who told MS News this is the second time he has offered such a service. He said the idea came from observing that many single women still struggle to find suitable partners.

Although no CNY bookings have been confirmed so far, Mr Neo has received several enquiries. He explained that the S$500 hourly rate reflects his humorous personality and added that prices are negotiable, even offering a promotional rate covering both Valentine’s Day and CNY.

Comments:

Ho Seh Bo Uncle Neo πŸ˜‚

Saturday, 14 February 2026

Investing Updates: Is CPF’s new life-cycle investment scheme for everyone?


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Singapore will roll out life-cycle investment portfolios for CPF members in 2028, marking a major step by the CPF Board to offer “advice-embedded”, simplified investing options. Announced in Budget 2026, the scheme aims to help members who want higher long-term returns but lack the time, expertise or discipline to manage and rebalance investments themselves.

While CPF members already have over 700 choices under the CPF Investment Scheme (CPFIS), choice overload, costs and behavioural biases have limited participation. Only about 28% of OA members and 22% of SA members invest actively. The new life-cycle scheme seeks to address this by offering low-cost, diversified portfolios that automatically follow a glide-path: higher risk exposure for younger members, gradually shifting to bonds and lower-risk assets as retirement approaches.

However, the scheme is not for everyone. Its success depends critically on members’ ability to stay invested over the long term, even during market downturns. Without discipline, members may panic and exit at the wrong time, undermining returns. Hence, strong advisory support and “hand-holding” during crises will be essential.

The case for investing is clearer for OA savings (2.5% risk-free rate) than for SA savings (4% risk-free), which many experts consider hard to beat. Digital advisers like Endowus and AutoWealth already provide CPF-approved, low-cost portfolios, showing the model is feasible.

Experts caution that the scheme should not replace the CPF’s role as a safe foundation for retirement. As MoneyOwlnotes, it is best suited for members with sufficient balances, higher risk tolerance and long horizons. Used appropriately, life-cycle investing can help combat inflation and longevity risk—but only with patience, realism and guidance.

Comments:

Fees must be lower than Endowus, POEM, AutoWealth, etc for people to shift over.

Let's wait and see.

LifeStyle Updates: [FULL] Budget 2026: Prime Minister Lawrence Wong delivers Budget statement


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https://www.youtube.com/live/NdTQQ9K9Be0?si=19UgjsOePzGoVQSa

Comments:


Great support for my family.

Kudos to the team who invented Child LifeSG credits 😊

Thursday, 12 February 2026

Entertainment Updates: Realtor reveals ‘truth about S’pore’s unspoken class system’ based on home addresses


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A Singapore realtor has sparked online discussion after sharing what he described as the country’s “unspoken class system”, arguing that social hierarchy in Singapore is often reflected more by home addresses than by outward displays of wealth. In a TikTok video posted on Feb 3, realtor Luke Lim broke down what he sees as a location-based social structure shaped by years of observing the property market.

At the top of his hierarchy are what he called “old money” families, associated with exclusive neighbourhoods such as Nassim, Queen Astrid and Chatsworth. These areas are characterised by large landed homes, quiet streets and families who have lived there for generations. Below them are the “new elites”, who reside in prime districts like Orchard, Novena, Newton and Marina Bay. This group was portrayed as wealthier in a more visible and modern way, often associated with luxury cars, high-rise living and city views.

Next, Luke described a “cool crowd” living in areas such as Robertson Quay, Holland Village and Bugis. He characterised these residents as stylish, media-savvy and culturally influential, often appearing prominently on social media. Further down the spectrum, he highlighted heartland neighbourhoods including Jurong, Tampines, Bedok and Punggol, calling them the “heart of Singapore”. Residents there were described as hardworking “hustlers” who keep the country running.

The video ended humorously with a joke about Yishun being a “special category”, which further resonated with viewers. Netizens largely responded positively, praising the light-hearted and non-judgmental tone. Luke later clarified that the video was meant to share observations from his decade-long real estate career in a relatable way, stressing that higher-priced areas benefit from better amenities and infrastructure, but ultimately emphasising that true class is defined by character, not one’s address.

Comments:

Interesting and Creative.

Yishun joke though... πŸ˜…

Investing Updates: CNA Explains: What's driving Singapore's exceptional economic growth, and can it last?


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Singapore’s economy has recorded exceptional growth for two consecutive years, expanding 5.3 per cent in 2024 and 5 per cent in 2025 — the first time since 2010 and 2011 that it has sustained above 5 per cent growth for two straight years. This performance exceeded earlier government forecasts, prompting the Ministry of Trade and Industry (MTI) to upgrade projections twice in 2025. For 2026, growth is now expected at 2 to 4 per cent.

The strong expansion was driven primarily by manufacturing, wholesale trade, and finance and insurance. In particular, surging global demand for artificial intelligence (AI)-related electronics significantly boosted the electronics and machinery segments. Pharmaceuticals also outperformed expectations due to high-value production, while construction remained resilient with strong project pipelines. Economists highlighted broad-based growth supported by robust foreign direct investment, safe-haven capital inflows, and accommodative financial conditions.

Singapore also benefited from relatively lower US tariffs compared to regional peers, as semiconductors and pharmaceuticals were largely exempt. Additionally, global firms front-loaded production and exports ahead of tariff hikes, further lifting activity.

Economists described the growth as unusual for a mature, developed economy, especially since it was not driven by recovery from a crisis. Similar AI-driven gains were seen in Taiwan, Malaysia, Vietnam and Indonesia, reflecting a wider regional electronics boom.

However, sustaining 5 per cent growth may be difficult due to a high base effect, external risks, softer labour market conditions and moderating momentum in late 2025. While analysts believe growth could exceed 3 per cent if Singapore successfully strengthens its position as an AI hub, matching the recent 5 per cent pace is considered unlikely. Nonetheless, officials remain optimistic that AI will remain a key long-term growth pillar.

Comments:

Singapore is conservative? It's in our roots πŸ˜‹

I'm more concerned about the upcoming and future TFR data. Imo, it has a deep impact on future generations and society norms.

Monday, 2 February 2026

Investing Updates: How strong is the Singdollar? These charts show how it is performing against regional currencies


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How Strong Is the Singdollar? A Regional Currency Snapshot

The Singapore dollar (SGD) has continued to stand out as one of Asia’s most stable currencies, even as foreign-exchange markets around it have shifted sharply in early 2026. A key global driver has been the weakening US dollar, which has slid close to 11-year lows against the Singdollar amid “sell America” sentiment, policy uncertainty under President Donald Trump, and speculation over coordinated FX intervention. Against this backdrop, SGD/USD has climbed to levels last seen in 2014, supported by the Monetary Authority of Singapore’s steady policy stance versus a softening US Federal Reserve. Year-to-date, the Singdollar has gained about 1.6% against the greenback.

Regionally, movements have been more mixed. The Malaysian ringgit has emerged as a standout performer, rebounding strongly from its 2024 lows on improving fundamentals, strong investment inflows, and optimism around the Johor–Singapore Special Economic Zone. As a result, the Singdollar has weakened modestly against the ringgit, reducing Singaporeans’ purchasing power across the Causeway.

The Japanese yen remains historically weak despite intermittent intervention rumours, keeping it cheap against the Singdollar. Meanwhile, the Australian dollar has strengthened significantly, buoyed by firm commodity prices, a softer US dollar, and expectations of tighter monetary policy, leading to notable SGD losses against the Aussie.

In North Asia, the South Korean won has recovered from recent lows following policy support and official guidance, though the Singdollar still shows year-to-date gains. Thailand’s baht has surged on gold-related repatriation flows, prompting authorities to introduce measures to curb volatility. The Chinese yuan, while volatile due to renewed US tariff threats, has shown signs of underlying strength on capital inflows and growth optimism.

Overall, the Singdollar remains a regional anchor of stability, with relative moves driven more by shifts in neighbouring currencies than by domestic weakness.

Saturday, 31 January 2026

Food Updates: Pizza Hut S’pore Brings Back $10 Large Pizza Takeaway Promotion on 3, 4, 10, 11 Feb 2026


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πŸ• Pizza Hut Singapore Brings Back $10 Large Pizza Takeaway Deal (Feb 2026)

Pizza Hut Singapore is reviving its popular $10 Large Pizza Takeaway promotion for a limited time in February 2026. Running on Tuesdays and Wednesdays only, the deal is available on 3, 4, 10 and 11 February 2026 — just four days in total.

During the promotion, customers can enjoy a large pizza for only $10 (usual price $35.05, inclusive of GST), making it one of Pizza Hut’s best-value offers of the year. The promotion is valid all day, while stocks last, and is strictly for self-collection/takeaway.

πŸ• Available Pizza Flavours
Customers can choose from three crowd-favourite flavours, offered in Pan or Crackin’ Thin Crust only:

  • Very Beefy

  • Chic Ham ‘N’ Shroom

  • BBQ Chunky Chic

Each order allows up to two redemptions, making it ideal for sharing with family or friends.

πŸ›️ How to Redeem

  1. Order via the Pizza Hut mobile app or Pizza Hut Singapore website

  2. Select Self-Collection / Takeaway

  3. Head to the “Hot Deals” section

  4. Choose the $10 Large Pizza Deal and check out

With limited dates and high demand expected, pizza lovers should mark their calendars early. If you’ve been waiting for Pizza Hut’s iconic $10 large pizza deal to return, February 2026 is your chance πŸ•πŸ˜‹.

Investing Updates: SGX moves to encourage more investors to use broker custody accounts for their holdings


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The Singapore Exchange Regulation (SGX RegCo) has launched a public consultation to encourage wider use of broker custody accounts for SGX-listed securities, aligning Singapore with practices in markets such as Australia, the UK, Hong Kong and the US. The consultation, open from Jan 30 to Mar 27, proposes rule changes to allow omnibus broker custody accounts, require brokers and depository agents to support shareholders in exercising their rights, and strengthen regulatory oversight of depository agents. Retail investors will still be able to keep direct Central Depository (CDP) accounts even if the changes are implemented.

Currently, investors can hold SGX securities either directly with CDP or through broker custody accounts. About two-thirds of retail accounts are still direct CDP accounts, a structure originally designed for safekeeping physical share certificates. In contrast, broker custody accounts—often omnibus accounts pooling multiple clients’ holdings—are already widely used for foreign-listed shares.

SGX RegCo said adopting a common broker custody model for both SGX-listed and overseas securities would allow investors to view and manage all holdings through a single platform. This could enable brokers to offer more value-added services such as fractional trading, portfolio management, robo-advisory solutions and other innovative products.

Beyond retail benefits, the shift could enhance Singapore’s market competitiveness. Internationally active asset managers, who are accustomed to omnibus structures elsewhere, currently need separate systems to handle Singapore’s individually segregated accounts. A broker custody model would make it easier for them to participate more actively in the local market.

Market participants broadly view the proposals as timely, given rising retail participation. However, investor groups stress the need for strong safeguards, including robust asset segregation, cybersecurity and PDPA compliance, to ensure omnibus arrangements are as secure as CDP holdings and that shareholder rights remain fully protected.

Comments:

I think most consumers dig into where the brokerages are from and fear geo-political risks or bankruptcy might affect their holdings.

CDP is deemed "safer" since it's locally managed.

When you are in retirement phase, it kind of makes sense to store in CDP too. Go get free gifts in AGMs since got time? 😁

LifeStyle Updates: Public can use ez-link card to get 10-cent refund when recycling drink bottles, cans from April


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Singapore will roll out the Beverage Container Return Scheme on April 1, allowing the public to receive a 10-cent refund for each empty drink bottle or can returned for recycling. Refunds can be credited via ez-link cards, including student and senior concession cards, which will be the main payment method at the start. Other digital payment options will be announced later for those who do not use ez-link.

About 1,000 return points, mainly reverse vending machines, will be deployed islandwide when the scheme begins. This number will double to 2,000 within a year. Machines will be located in high-traffic areas such as supermarkets, HDB void decks and town centres, ensuring that 90 per cent of residents living in HDB estates are within a five-minute walk of a return point. The machines accept bottled and canned drinks ranging from 150ml to three litres and will automatically process containers and issue refunds.

Senior Minister of State for Sustainability and the Environment Janil Puthucheary acknowledged that the scheme will require habit changes and may initially inconvenience some residents. To support public understanding, the scheme’s operator, Beverage Container Return Scheme (BCRS) Ltd, will release guides and videos in March, and each machine will display instructions in all four official languages. Outreach efforts will also involve grassroots groups, schools and businesses.

The scheme is funded by annual fees paid by beverage producers. Smaller producers have raised concerns over compliance costs, including registration fees, deposit requirements and labelling changes, which may lead to price increases. To ease the transition, the National Environment Agency is offering a one-time grant of up to $2,500 and a six-month adjustment period.

Despite expected teething issues, the scheme is projected to cover over one billion drink containers annually and recover more than 16,000 tonnes of recyclable material, helping embed recycling into everyday life in Singapore.

Comments:

I will be using my kids' concession cards for rewards.

I think most adults do not use ez-link card anymore?

Saturday, 24 January 2026

Investing Updates: Singapore stocks track global rally; STI up 1.3% after hitting new high


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Singapore stocks closed firmly higher on Friday (Jan 23), tracking a broad global rally and pushing the benchmark Straits Times Index (STI) to a fresh all-time high. The STI touched an intraday record of 4,895.15 before ending the session up 1.3 per cent, or 63.13 points, at 4,891.45. The iEdge Singapore Next 50 Index also advanced, rising 0.3 per cent to 1,487.74.

Market breadth was positive, with gainers outnumbering losers by 345 to 213 across the broader market. Trading activity was robust, with around 1.3 billion securities changing hands for a total value of approximately S$2 billion.

The rally was led by Singapore’s banking heavyweights, which reached new highs. UOB emerged as the top performer on the STI, surging 5 per cent, or S$1.88, to close at S$39.50. OCBC also delivered strong gains, climbing 3.4 per cent, or S$0.70, to end at S$21.29. DBS added to the positive momentum, rising nearly 1 per cent to finish at S$58.65. In contrast, Yangzijiang Shipbuilding was the weakest blue-chip stock, slipping 1.2 per cent to close at S$3.34.

Regional equity markets also posted gains, reinforcing the upbeat sentiment. Hong Kong’s Hang Seng Index rose 0.4 per cent, Japan’s Nikkei 225 added 0.3 per cent, South Korea’s Kospi Composite advanced 0.8 per cent, and Malaysia’s FTSE Bursa Malaysia KLCI increased 0.2 per cent.

Commenting on market conditions, Stephen Innes, managing partner at SPI Asset Management, noted that investors are increasingly filtering out political noise from Washington. He said markets are warming to an environment of modest synchronised growth, contained inflation and a more accommodative US Federal Reserve, even as concerns around fiscal discipline and central bank independence remain in focus.

Wednesday, 21 January 2026

Investing Updates: Trust Bank launches retail trading platform for US stocks and ETFs, offering in-app fractional investing


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Trust Bank has launched its in-app retail trading platform, TrustInvest, marking its entry into Singapore’s highly competitive retail investment market. Developed in partnership with Saxo Singapore, the platform allows customers to trade more than 7,000 US-listed stocks and exchange-traded funds (ETFs). The service was first announced in October 2025 and began admitting users from a waitlist in November.

Since then, about 10,000 customers have opened trading accounts. According to the bank, adoption has been broad-based rather than concentrated in a specific demographic, with both new and experienced investors using the platform. Notably, 45 per cent of customers who have traded so far have made use of fractional investing.

Fractional trading, which Trust Bank says is a first for a banking app in Singapore, allows investors to buy portions of a single share with a minimum investment of US$10. This lowers the barrier to entry for high-priced US stocks such as Tesla or Meta, which trade at several hundred US dollars per share.

Trust Bank said it will not charge platform, custody or settlement fees. Commission fees for all trades are waived until Jun 30, 2026. After that, trades will be charged a commission of 0.05 per cent, subject to a minimum fee of US$2.99 per trade.

Chief executive officer Dwaipayan Sadhu said the zero-fee approach is intended to help the bank build a more holistic banking relationship, with investing complementing its existing savings and lending products. Trust Bank believes its value proposition lies in combining the regulatory trust and security of a bank with the low fees and user-friendly experience typically associated with fintech platforms.

The platform currently focuses on US markets, reflecting strong local investor interest in US assets. Trust Bank plans to expand its offerings to include Singapore equities in future, although no timeline has been provided.

Investing Updates: About half of Singapore fund managers expect STI to rise 5-10% in 2026, potentially hitting fresh records


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About half of Singapore-based fund managers remain optimistic on local equities in 2026, with 52 per cent of respondents in an Investment Management Association of Singapore (Imas) survey expecting the Straits Times Index (STI) to rise by 5 to 10 per cent by year-end. Based on the STI’s level of around 4,500 when the survey was conducted, this implies a potential climb to between 4,800 and 5,020, which could see the benchmark reach fresh record highs. Nearly 90 per cent of respondents expect the STI to either strengthen or remain stable in 2026.
The positive outlook is supported by resilient bank earnings, attractive dividend yields and government initiatives aimed at revitalising Singapore’s equity market. The STI had already delivered strong gains of 22.7 per cent in 2025 and touched an all-time high earlier in January 2026.

Singapore’s prospects are part of a broader bullish stance on Asian equities. In the survey, Japan and China were rated the top potential outperformers for 2026, while Singapore ranked joint third with Taiwan. Regionally, 72 per cent of fund managers expect the MSCI Asia ex-Japan Index to rise by 10 to 20 per cent.
The Imas survey, now in its 11th year, gathered views from C-suite professionals across 63 member firms overseeing more than US$35 trillion in global assets. Respondents identified three major forces shaping the industry over the next year: increased adoption of artificial intelligence (AI), the continued rise of alternative investments, and growing regulatory and operational costs.
AI emerged as a newly prominent theme, with more than half of managers already using it in core investment functions such as research and fund commentary. At the same time, regulatory scrutiny and compliance costs are rising, while margin pressure from passive investment strategies remains a key concern. On the macro front, most respondents expect monetary easing in 2026, with many anticipating significant US Federal Reserve rate cuts, even as worries grow over the sustainability of recent market performance and central bank independence.

Investing Updates: Singapore a ‘safe harbour’ amid global volatility with Singdollar set to gain: Julius Baer


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Julius Baer’s 2026 market outlook positions Singapore as a “safe harbour” amid heightened global volatility, with expectations that the Singapore dollar and local equities will perform well. The Swiss private bank forecasts the Singdollar to appreciate and projects Singapore corporate earnings growth of about 8 per cent in 2026. Combined with Straits Times Index dividend yields of around 5 per cent, this could translate into total returns of roughly 10 per cent in Singapore dollar terms.

The bank highlighted South-east Asia as an area of opportunity, particularly Vietnam, which is benefiting from the “China plus one” manufacturing strategy and ongoing infrastructure development. Julius Baer said its positive outlook is largely unchanged despite uncertainty stemming from renewed tariff threats by the Trump administration, noting that markets have so far shown limited reaction. While geopolitical developments may increase short-term volatility, they are not expected to derail longer-term market trajectories.

Julius Baer urged investors to move away from a traditional buy-and-hold strategy towards more tactical and diversified approaches. While artificial intelligence remains an important growth driver, global policy divergence is creating broader opportunities across regions and sectors. The bank pointed to defensive sectors such as global healthcare and cyclical stocks in Europe as attractive diversification options. Healthcare, in particular, is seen as undervalued, trading at a significant discount to global equities while delivering stronger-than-expected earnings growth and increased merger and acquisition activity.

On currencies, the report expects the US dollar to weaken due to slower growth, lower interest rates, and persistent trade and debt imbalances. Safe-haven alternatives such as the Swiss franc and Singapore dollar are expected to benefit. Precious metals, supported by central bank buying, remain attractive but volatile, prompting recommendations for tactical hedging and buying on price weakness. Overall, Julius Baer emphasised active rebalancing and global diversification to navigate a more uncertain investment landscape.

Wednesday, 14 January 2026

Investing Updates: Government close to finalising low-cost retirement investment scheme details: Tan See Leng


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The Singapore Government is close to finalising details of the CPF Lifetime Retirement Investment Scheme (LRIS), a low-cost and simple retirement investment option first announced in 2016. Manpower Minister Tan See Leng told Parliament on Jan 14, 2026, that the Ministry of Manpower is in the “final stages” of studying the scheme, with updates to be provided once it is ready.

The LRIS is intended as an alternative to the existing CPF Investment Scheme (CPFIS), targeted at CPF members who wish to invest for retirement but lack the expertise, time, or confidence to actively manage their investments. It aims to balance risk and return while safeguarding retirement adequacy. Dr Tan was responding to queries from MPs who raised concerns that the prolonged delay may deprive members of opportunities to earn higher expected returns through market exposure.

Dr Tan stressed that the Government’s priority remains protecting retirement adequacy, noting that market timing and individual investment horizons matter. Investors who are forced to liquidate investments during downturns near retirement may suffer losses if they lack sufficient time to ride out market volatility. Hence, any LRIS product must be carefully designed.

The scheme is expected to adopt a “glide path” investment strategy, where younger members hold a higher proportion of equities for growth, gradually shifting towards bonds as they approach retirement to reduce risk. The product will likely include diversified global equities and bonds rather than being fully focused on Singapore equities.

Dr Tan also noted that CPF members who want higher returns already have access to low-cost CPFIS funds, which have delivered strong recent performance. Members may alternatively keep savings in CPF accounts to earn risk-free interest. While Dr Tan declined to commit to a specific 2026 launch timeline, he confirmed that the CPF Board is reviewing past recommendations, taking into account how markets have evolved since 2016.

Comments:

Interesting development.

Wonder how it can fit to many DIY investors' portfolio like me.

Saturday, 10 January 2026

Food Updates: Min jiang kueh showdown: Munchi Pancakes vs Ottie Pancakes


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This article compares two popular min jiang kueh brands in Singapore—Munchi Pancakes and the newer Ottie Pancakes—in a head-to-head taste test. The author begins with a nostalgic reflection on traditional min jiang kueh before tracing the rise of Munchi Pancakes, which started as a small Yishun coffee shop stall selling classic flavours. Over the years, it expanded its offerings to include charcoal and green tea skins, premium fillings, and now operates over 35 outlets islandwide. Munchi is also Halal-certified.

Ottie Pancakes, launched in late 2024, has rapidly grown to 16 outlets and bears a striking resemblance to Munchi Pancakes in branding and packaging, though the two are not related. A key difference is that Ottie is not Halal-certified. Both brands offer similar pricing, identical skin options, and comparable product ranges, though Munchi has more flavour varieties while Ottie currently runs a Buy-5-Get-1-Free promotion.

In taste tests across several flavours—black sesame, peanut, coconut, strawberry cheese, and red bean—the results were mixed but leaned in Munchi’s favour. Munchi’s black sesame filling stood out for being thicker, moister, and more flavourful, while Ottie’s pancake texture was marginally fluffier. Peanut versions were evenly matched, though Ottie’s green tea skin was slightly dry. Coconut and red bean fillings from both brands were nearly identical in taste and texture. For strawberry cheese, Munchi delivered a stronger cheese flavour, while Ottie’s leaned more towards strawberry notes.

Overall, the verdict favoured Munchi Pancakes as the stronger contender, with more consistent results across flavours. Ottie Pancakes showed promise but lost points due to a few underwhelming items. The showdown ultimately highlights how close the competition is, with personal taste playing a major role in preference.

Comments:

I do buy Munchi Pancakes occasionally for family. Ain't too bad.

Never see any Ottie Pancakes near my area.

Entertainment Updates: S’pore Ranked 2nd Richest Country, But Drops To 8th After Factoring In No. Of Hours Worked


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Singapore was ranked the second-richest country in the world in 2025, buoyed by strong economic performance and high average incomes, but the picture looks less rosy once working hours are taken into account. According to data highlighted by The Economist, Singapore drops sharply from second to eighth place when local prices and the number of hours worked are factored into the ranking.

On paper, 2025 was a solid year for Singapore. GDP expanded by a healthy 4.8 per cent despite global headwinds such as US tariffs, layoffs, and geopolitical tensions. The country’s high ranking was largely driven by average annual earnings of about US$90,700 (S$116,485), placing it among the wealthiest nations by income per person.

However, the adjustment for working hours reveals a different reality. Data from the International Labour Organization shows that Singaporeans worked an average of 44.6 hours per week, significantly more than workers in many other advanced economies. When income is assessed relative to time spent working and local costs of living, Singapore’s relative prosperity declines.

In contrast, Norway rose from third place to first after these adjustments. Norwegians work an average of just 34 hours per week, yet still enjoy high incomes and strong purchasing power, allowing for more leisure time. At the other extreme, Bhutan recorded the longest average working hours at 54.5 hours per week, despite often being described as the “happiest country in the world”.

The Economist ranked 178 countries using three measures: GDP per person at market exchange rates, income adjusted for purchasing power, and income adjusted further for local prices and hours worked. The analysis highlights how differences in cost of living and labour intensity can significantly alter perceptions of wealth.

The findings sparked debate online, with some Singaporeans lamenting long working hours, while others pointed to countries like Norway as examples of better work-life balance. The contrast raises a broader question: is Singapore truly rich, or simply productive at the cost of time and energy?

Comments:

Interesting data.

Agree with it.

LifeStyle Updates: More BTO Flats Are Coming In 2026 And Why This Could Change The HDB Market


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The Singapore government may significantly increase the supply of Build-To-Order (BTO) flats in 2026, potentially launching more than 15,600 units if demand for public housing remains strong, according to Minister for National Development Chee Hong Tat. This comes as HDB plans to roll out about 19,600 BTO flats in 2025 across three sales exercises in February, June and October, covering towns such as Ang Mo Kio, Bukit Merah, Sembawang, Toa Payoh, Tampines, Woodlands and Yishun. Notably, around 4,000 flats—about one-fifth of the 2026 supply—will have waiting times of under three years.

The expanded pipeline builds on the government’s earlier commitment to launch 55,000 BTO flats between 2025 and 2027. With nearly 19,600 units planned for 2025 and 19,723 launched in 2024, the initial expectation for 2027 was about 15,677 units. However, the minister’s latest remarks suggest the government is considering maintaining a higher launch level next year, aligning with recent years’ supply.

Property experts believe this increase could further moderate HDB resale prices. ERA Singapore’s Eugene Lim notes that resale prices already showed strong moderation in late 2025, with almost zero growth in the final three months and a full-year increase of just 2.9%, compared with 9.7% growth in 2024.

Market conditions are also shifting as more flats reach their minimum occupation period (MOP). About 13,840 flats are expected to become eligible for resale in 2026—more than double the number in 2025—adding further supply. Together, higher BTO launches and more MOP flats could divert demand away from the resale market, giving buyers more options.

HDB’s completion of nearly 19,600 flats last year, including the final projects in Bidadari, underscores how sustained supply and long-term planning can reshape both affordability and market dynamics in Singapore’s public housing sector.

Comments:

Good news for home buyers.

Friday, 2 January 2026

Property Updates: Why The Singapore Property Market Will Be Different In 2026 — And It’s Not Just About Prices


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Singapore’s private residential property market in 2026 is expected to look markedly different from the frenzied post-pandemic years, not because of falling prices, but due to a return to greater balance and normalcy. After sharp price increases and buyer anxiety in 2022–2024, the market is shifting toward calmer conditions, giving buyers more breathing room.

One major change is the pivot in new launches away from the Core Central Region (CCR) and back to the heartlands. While around 23 per cent of launches in 2025 were in the CCR, an estimated 65 per cent of 2026 launches will be in the Outside Central Region (OCR), including areas such as Tengah, Tampines and Bayshore. This matters not just for affordability, but also for liveability. OCR projects are more likely to offer family-sized three-bedroom units within the upgrader “sweet spot” of roughly $1.8 million to $2 million, something that was harder to find in CCR-heavy years.

Second, buyers face less urgency to purchase immediately. Private home completions are expected to rise from about 5,200 units in 2025 to around 7,000 units in 2026, as projects launched during the post-Covid boom reach completion. At the same time, new launches and overall new supply are set to fall. This combination eases supply pressure, encourages a more patient “wait-and-negotiate” mindset, and should help moderate price growth. It may also soften the rental market as more owners move into completed homes.

Third, the return of more executive condominium (EC) launches provides an important affordability bridge for buyers priced out of private homes. At least five ECs are expected in 2026, compared with just two in 2025, and demand is likely to be strong.

Finally, while interest rates have fallen to three-year lows, financing rules remain strict due to TDSR floor rates. Overall, 2026 points to a steadier, more rational market — a welcome change after years of excess excitement.

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Interesting insights.

Data Updates: Singapore's economy grows 5.7% in Q4 2025, beating forecasts


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Singapore’s economy expanded by a robust 5.7 per cent year-on-year in the fourth quarter of 2025, beating market expectations and marking its fastest quarterly growth for the year, according to advance estimates released by the Ministry of Trade and Industry (MTI) on Jan 2. This was also stronger than the 5.0 per cent growth recorded in the same period a year earlier. For the full year, gross domestic product grew by 4.8 per cent, exceeding both the 4.4 per cent expansion in 2024 and the official forecast of “around 4 per cent” that had been upgraded in November.

Prime Minister Lawrence Wong had earlier disclosed the full-year growth figure in his New Year’s Day message, describing the performance as “stronger-than-expected growth”. However, he cautioned that maintaining such momentum would be difficult, citing persistent global challenges including fractured trade relations and geopolitical tensions that are likely to remain long-term features of the global landscape.

Looking ahead, MTI expects Singapore’s economy to grow between one and three per cent in 2026. The ministry warned that slowing growth in major economies could moderate export demand across Southeast Asia, posing headwinds for trade-dependent economies like Singapore.

The manufacturing sector was a key driver of the strong fourth-quarter performance, surging 15 per cent year-on-year, a sharp acceleration from the 4.9 per cent growth recorded in the previous quarter. This was largely driven by significant output expansions in the biomedical manufacturing and electronics clusters. Pharmaceutical production underpinned biomedical growth, while electronics benefited from sustained global demand for AI-related semiconductors, servers and related equipment.

The construction sector also expanded, growing 4.2 per cent year-on-year in the fourth quarter, though this represented a moderation from the 5.1 per cent growth seen previously. Meanwhile, all services-producing sectors recorded growth, with wholesale trade supported by strong sales of electronic components, telecommunications equipment and computer hardware amid the ongoing artificial intelligence boom.

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Huat Huat Singapore!

Wednesday, 31 December 2025