Singapore replaced the US at top of WEF competitiveness rankings. Photo: Bloomberg

Singapore replaces US at top of World Economic Forum competitiveness rankings

  • Hong Kong, the Netherlands and Switzerland made up the rest of the top five, according to the WEF survey published on Wednesday
  • The WEF also said central banks must take some blame for weak productivity, as their trillions of stimulus keep zombie firms alive
Topic |   Singapore

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Singapore replaced the US at top of WEF competitiveness rankings. Photo: Bloomberg
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Not all is rosy in Singapore’s housing market. Illustration: SCMP

Singapore’s worrying trend of homeowners defaulting on mortgages

  • Even as new home launches are seeing brisk demand, the number of homeowners in the Lion City defaulting on their mortgages is on the rise
  • Amid a rise in mortgagee sales and a slowing economy, private homes continue to be built, prompting analysts to warn of an oversupply
Topic |   Singapore

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Not all is rosy in Singapore’s housing market. Illustration: SCMP
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