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'Guaranteed' principal was just an 'oversight'
Bank had repeated declined request to void purchase of structured product by an elderly. -ST
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Taiwan family loses lawsuit against HSBC arm
Family alleged that HSBC breached agreement and forced him to close trade, resulting in losses. -ST |
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Minibonds: Bank ready to address client's concerns
ABN Amro to address his concerns directly to avoid breach of confidentiality.
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More volunteering with charities
Many are graduates and retrenched workers who decided to do something meaningful with their time. -ST |
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Credit card holders can pay using cellphones
Trial marks first in Singapore, and is aimed at determining consumer spending patterns. -ST
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New card lets parents track children's spending
Tie-up between MasterCard and EZ-Link can be used like a credit card and hold up to $1,000. -ST |
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Tax environment in S'pore ranked 4th in Asia
Asian countries seem to be moving towards European-style social security, says tax attorney. -BT
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Banks lure big earners
They will take advantage of relaxed rules on credit card limits. -ST
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IMF says EU states in E.Europe should adopt euro
16-member eurozone could relax entry rules, allowing other states to become quasi-members. -Reuters
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Tokyo stocks open higher
Japanese share prices rise 1.22 percent in first minute of trading. -AFP
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Banks get MAS guide on treating customers fairly
Random checks to be made to see if overall goal of fair dealing is being achieved. -ST
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SGX urges investors to be vigilant
More auditors raising red flags about listed firms in midst of crisis. -ST |
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Banks lure big earners with more credit
StanChart first to take advantage of relaxation in credit card limits.
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The urge to splurge
Despite the global recession, analysts say S'poreans are still not scared to spend. |
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Legal eagle to the rescue
Lawyer comes to the aid of the needy by providing services free.
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SCENARIOS: Singapore central bank options for easing policy
MAS looks poised to announce an easing of policy settings. -Reuters
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Asian shares up
Asian shares rose throughout Asia today on good news from money sectors. -AFP
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Economy in focus at Summit
Three-day summit will call for decisive and coordinated action from Asian leaders to fight global economic slump. -AFP
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Do you know 43% of all taxpayers pay nothing?
'Tis the season for fun facts about taxes.
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Banks to get fees in shopping vouchers
Novel payment for managers in CapitaMall Trust's rights issue. -ST |
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Rental-scam cheat conned 127 people
He is jailed for collecting deposits from them and then disappearing. -ST
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One Nets card for all your cashless payments
New touch-and-go debit card will be linked to your bank account. -ST |
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Cyber criminals cashing in on financial crisis
Malware writers preying on the distressed through unsolicited e-mail touting get-rich quick schemes or access to credit. -BT
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China plans more stimulus to boost consumption
Government will continue to bolster economy using fiscal policies. -Reuters
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Japan wholesale prices slide, deflation ahead
Wholesale prices fall most since 2002, more than forecast. -Reuters
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Nikkei edges up, but tech shares weigh
Hopes that worst may be over for U.S banks buoyed market sentiment despite news of possible losses in tech companies. -Reuters
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China to let banks sets up insurance units
Pilot programme allows for the four biggest state banks to set up insurance units in bid to encourage financial innovation. -Reuters
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Sale of scandal-tainted Satyam enters last lap
Bids to be opened on Monday for sale of Satyam, buyer with 'viable operating plan' wanted. -AFP
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Dollar edges up vs yen before US bank earnings
Positive U.S earning figures priced in, so currency markets more likely to react to negative surprises. -Reuters
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Babies or babes, OCBC wants them all
Bank aims to attract savers from all walks of life and of all ages. -ST |
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Betting on low-cost forex trading
Oanda offers online currency trading at near zero cost, even for retail customers. -BT
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Indian bond yields down as excessive cash helps
Lower U.S. yields and global oil prices help sentiment. -Reuters
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Oil hovers above $49, eyes US inventory data
OPEC to slash demand forecasts in monthly report due later. -Reuters
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Vietnam to sell 1 trillion dong of govt bonds
Exchange will auction two-year bonds and five-year bonds. -Reuters
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Dollar and yen gain as stocks decline
Dollar, yen supported with global optimism tempered. -Reuters
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Dollar weaker against yen in Asia
Falls in US retail sales and wholesale prices as well as persistent uncertainty over the financial sector pressure the currency. -AFP
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Tie-up talks end between Qantas and Malaysia Airlines?
Slump in travel scraps plans for joint aircraft maintenance venture. -AFP
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Police can curb insurance cheats
With the police as an independent third party, cheats will be discouraged. -myp
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Citi Singapore booming amid the global gloom
Its full steam ahead for banking giant as it rides on the back of record profits last year. -ST
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Refinancing guarantees: Govt won't step in
Banks better placed to assess risk than government: Mah. -ST |
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Citigroup's Singapore business still raking it in
Overall net profit stands at $1.2 billion; consumer banking unit posts record profits at $703.6 million. -BT
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DBS needs tough new boss in tough market
No rush for bank, but there is a sense that things are on hold. -BT |
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Why pay interest on CPF funds?
Reader's wondering why he's required to pay interest when money was used for child's education. -myp
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Battery of tests needed for underwriting
NTUC says underwriting decision was a carefully considered one. -myp
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Documents needed as loan appeal deviated from policy
Parents were not eligible for another HDB loan, so more documents were requested to support appeal. -myp
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Money movers
If you have to send money to India on a regular basis, here are some options to consider. -tabla! |
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Hong Kong carrier Cathay reports slump in revenue
Development follows the company's announcement in March that it lost more than one billion US dollars last year. -AFP
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Oil eases below US$50
Fall in OPEC seaborne exports offers price support. -Reuters
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Singapore's NOL says expects $240 mln loss in Q1
Warns 2009 loss to be worse than analysts expectations. -Reuters
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RBS to sell some businesses in Malaysia
The bank will retain its corporate banking business. -Reuters
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Fitch maintains Singapore's AAA rating
Strong external and public finances, stable politics and flexible state policies highlighted. -Reuters
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Sony Ericsson to cut 2,000 jobs
More job cuts announced after company suffers losses of 293 million euros. -AFP
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MAS takes insider trading case to court
But ex-employee of WBL denies any wrongdoing. -BT
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Two insurance firms launch rent protection scheme
JLT and QBE Insurance product makes up for up to $100,000 of lost rent in several events. -BT |
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CPF refund for retirement needs
Amounts withdrawn for education need to be paid back with interest so that their CPF savings will be restored.
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Interest in unit trusts still strong
PM Najib advised the rakyat to invest wisely and be wary of get-rich-quick schemes. -The Star/ANN
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Use microloans to help the poor
Microcredit will give a chance for those who are cash-rich to help others. -ST
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Financial literacy with Rich Dad
The Rich Dad Company hopes to create awareness about its mission through books, products and live seminars. -BT |
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Investors in rush to snap up ASM shares
Many rushed to buy share units as an insurance against the effects of the economic slowdown.
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91% use e-Filing
Those who have filed their taxes can expect to receive their NOA by Sept. -ST
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Business started with just one lorry
Mr Koh's father started out driving a single lorry crane to construction sites islandwide. -ST
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Building up others in time of need
Businessman has pledged $500,000 so far to fund CDC help schemes. -ST |
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MM Lee's role in promoting investments
Mr Lee's job, was to quell nerves, and assure investors that their investments would be safe in Singapore. -ST
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Prudential cutting terminal bonuses
Prudential says its strategy of a higher allocation to equities should yield more returns in the medium-to-long term. -BT |
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Investors' 3 dreaded words: Surprise, shock, uncertainty
Former EDB chief shares experience at SPH Pioneer Series. -TNP
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Record 91% e-file tax returns
A $1,000 late penalty fee may be imposed on taxpayers who have not filed their returns. -ST |
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Sold Lehman products? Now pay Fidrec
Dispute-solving body facing extra work tells 10 firms to chip in $1 million. -ST
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Unequal bonuses upset some GE clients
Insurer to cut bonuses for most policyholders except the few who reinvested before April. -ST |
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DBS Vickers offers cash-upfront scheme for online trades
Customers can now transfer funds from their bank accounts to their trading accounts. -BT
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Reaching out to manicured millionaires
More Indonesian women with big bucks in S'pore than S'poreans. -BT |
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Singapore to improve disclosure on tax evasion
It will revise its laws this year to improve disclosure. -Reuters
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High five for fair play guidelines
Financial firms hopeful that MAS initiative will boost standards and consumers' confidence. -ST |
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Great Eastern explains unequal bonuses for policyholders
The money required to make up the difference will not be taken from the participating fund. -ST
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Bank targets women with high net worth
The Royal Bank of Scotland launched a women-specific private banking initiative last week. -ST |
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Time to review pre-close trading routine
Just varying closing time would help stymie would-be share manipulators. -ST
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Too early for distressed investing in Asia
There will be no major activity in Asia until at least after the next three to six months. -Reuters |
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Swiss to defend banking secrecy
The government will continue to fight the automatic exchange of information about bank clients. -Reuters
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Key measures to liberalise financial services
Locally incorporated foreign commercial banks will be allowed to set up 10 micro-finance branches. -ST |
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Foreigners can hold 70% in Malaysian finance firms
The exception will be for commercial banks, where the limit will stay at 30%. -ST
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SIAS dialogue with Minibond investors next Tues
The meeting will be the second group advisory session organised by SIAS for Minibond investors. -BT |
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Finance industry may need to change: MAS
Integrity, reliability and competence key to winning over investors. -ST
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S'pore property stocks 'cheap, but not hot'
Private home prices in Singapore may fall by another 15 per cent before hitting the bottom. -ST |
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Her agent pockets $20,000 in payments for 9 years
Insurance client, unaware that her agent was sacked, kept paying her premiums
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