21 Mar '12, 12pm

Oil prices- a negative for property

Everyone knows that property has been propped up by low interest rates and excess cash liquidity in the world. If you haven’t noticed yet, the finance sector in Singapore has been silently retrenching people since last November.These banks are mainly those europe ones due to the euro-zone crisis. I am not too sure if these banks are as flush with liquidity given the bad loans that need to be forgiven, Greece for now. maybe Spain next?( 500 singtel employees retrenched and given a new role in Huawei..hmm for how long?Nice spin.SIA offers pilots unpaid leave for up to 2 years…Whats happening?Good deal for SIA)

Full article: http://thefinance.sg/2012/03/21/oil-prices-a-negative-for...

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