Singapore's credit card spending of S$20 billion in Q3 2022 is the highest since 2010's level at about S$4 billion.

Will this credit card spending trend continue in 2023 and what could it mean for the broader banking sector asset quality amid a weaker growth outlook and rising recession fears?

Rena Kwok, Credit Analyst, Asian Financials, Bloomberg Intelligence shares her insights on the latest report 

Singapore's credit card spending of S$20 billion in Q3 2022 is the highest since 2010's level at about S$4 billion.
Will this credit card spending trend continue in 2023 and what could it mean for the broader banking sector asset quality amid a weaker growth outlook and rising recession fears?
Rena Kwok, Credit Analyst, Asian Financials, Bloomberg Intelligence shares her insights on the latest report

From current affairs and social issues to lifestyle trends and community voices, each segment offers a different lens on what’s happening — and what’s worth your attention.

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Join Neil Humphreys and Audrey Siek as they cover the biggest headlines, trending topics, and everyday conversations, unpacked through fresh perspectives, expert insights, and engaging discussion. From current affairs and social issues to lifestyle trends and community voices, each segment offers a different lens on what’s happening — and what’s worth your attention.

And it’s not just talk — it’s your voice. Through polls, messages, and live call-ins, listeners are part of the conversation, sharing their views and shaping the discussion in real time. With a mix of clarity, curiosity, and personality, Let’s Talk, Singapore keeps you informed, connected, and ready for the day ahead.

Start your day with the stories shaping Singapore &mdash; and your place in it.
Join Neil Humphreys and Audrey Siek as they cover the biggest headlines, trending topics, and everyday conversations, unpacked through fresh perspectives, expert insights, and engaging discussion. From current affairs and social issues to lifestyle trends and community voices, each segment offers a different lens on what&rsquo;s happening &mdash; and what&rsquo;s worth your attention.
And it&rsquo;s not just talk &mdash; it&rsquo;s your voice. Through polls, messages, and live call-ins, listeners are part of the conversation, sharing their views and shaping the discussion in real time. With a mix of clarity, curiosity, and personality, Let&rsquo;s Talk, Singapore keeps you informed, connected, and ready for the day ahead.

Let's Talk, Singapore with Neil Humphreys and Audrey Siek

Why It Matters: Is Singapore’s outsized credit card debt a ticking bomb to watch?