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The Post Office Savings Bank Bill was passed in Parliament on 30 July 1971 and the bank ceased to be a branch of the Postal Services Department on 1 January 1972 after the 1971 Post Office Savings Bank of Singapore Act came into effect in that year. [9] [10] The first chairman was Tan Chok Kian. [11]
Formerly known as Post Office Savings Bank, it was established on 1 January 1877 at the General Post Office Building in Raffles Place by the Straits Settlements government. [16] By 1976, POSB had one million depositors, while deposits crossed the S$1 billion mark.
Japan Post Bank, part of the post office was the world's largest savings bank with 198 trillion yen (US$1.7 trillion) of deposits as of 2006, [22] much from conservative, risk-averse citizens. The state-owned Japan Post Bank business unit of Japan Post was formed in 2007, as part of a ten-year privatization programme, intended to achieve fully ...
“The office market has been benefiting from job growth, but in most markets, it has not been enough to overcome the decreased need for office space.”
EDB received an additional grant of S$40 million to develop Jurong Industrial Estate from the Singapore government. [13] [14] 1962 was also the year which Singapore begun to actively woo overseas industrialists as such the Japanese, [15] with some indicating interests in joint development projects and sending study missions to Singapore. [16]
Port of Singapore Authority (1997) Post Office Savings Bank (bought by DBS Bank in 1998 and rebranded as POSBank) Singapore Broadcasting Corporation (1994, as the Television Corporation of Singapore; later renamed MediaCorp in 2001) – owned by the government through government-owned investment firms
In 2023, $541 billion in debt came due for office buildings, retail, hotel, ... with CMBS office loan delinquencies expected to jump to 8.1% in 2024 and 9.9% in 2025, per Fitch.
The whole establishment of the post office in the 1830s consisted of one European clerk, one local writer and a peon. To cope with the increasing volume of mail, the Post Office, then known as the Singapore Post Office, later General Post Office, was moved in 1854 to its own building near the Town Hall by the side of the Singapore River.