Philip Chua Business Blog

Posts Tagged ‘low interest rates’

OCBC Bank's net profit rose 8 per cent to $503 million in the second quarter compared to a year ago, missing analysts' estimates, as the group struggled to boost its lending income amid low interest rates, while investment income halved due to turbulent financial markets. But OCBC raised its dividend for the first six months of the year to 15 cents per share, from 14 cents previously - the first t... more

Federal Reserve Chairman Ben Bernanke is telling Congress that record-low interest rates are still needed to rev up the economic recovery.







Ben Bernanke – Chair of the Federal Reserve – Economic – Federal Reserve System – Government

STOCK investors usually welcome low interest rates, but not this time. If anything, the US Federal Open Market Committee’s latest policy statement has reinforced concerns over the unsteady pace of the global economic recovery. The Federal Reserve reiterated after its meeting on Wednesday that it would keep interest rates near zero for ‘an extended period’ and specified for the first time that poli… more

Central Provident Fund (CPF) members will continue to get an interest rate of 4 per cent on a portion of their CPF savings for another year.
This will ensure that CPF returns stay stable in the midst of a global economic crisis that has led to
unusually low interest rates, said Manpower Minister Gan Kim Yong yesterday.
Such concerns prompted the Government to extend the minimum interest rate guara… more