Daily Briefing: How to survive the economic downturn; Profits galore for Boon Keng flat owners

And here are saving tips for fresh grads.

All of us know this; we will never have enough money. In this coming year too, the government has also warned about the impending downturn that will be hitting Singapore. Corporates and SMEs alike in Singapore, most are tightening their belt this year, and some are even actively retrenching employees to save cost. Read more here.

Flat owners at the premium public housing project have been reaping big profits. Housing Board data shows that three- to five-room flats there were sold from $560,000 to $900,000, far exceeding the projects launch prices of between $349,000 and $727,000, as well as HDB prices within the vicinity. Read more here.

In a 2015 Mastercard survey, it was reported that Singapore’s financial literacy declined the most in Asia Pacific - Singapore is now in sixth place out of 16 Asia Pacific countries, from second place. The people behind the survey also said, ‘people in Singapore are finding it harder to keep up with bills, budget effectively and manage unsecured loans’. Read more here.