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Hot-shot fund managers burnt by crisis
Bad timing and risks taken on S-chips behind huge losses at CMIA and Abax.
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Regional currency on hold
A regional currency for Asia was not a short-term solution to the crisis. -AFP
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Swine flu could worsen global recession: analysts
Gravity of its impact depends on the death toll it inflicts and the panic it generates. -AFP
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Debt repayment scheme to commence on May 18
Debtors with debts of less than $100,000 may now avoid being bankrupt.
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Time-out for S'pore big spenders
Card companies, consumers tell of new spending habits in the current uncertain times. -BT
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'Rebuild trust to regain confidence of investors'
The most successful investment management firms have been those which focus clearly on their customers. -ST |
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Central bank shifts policy to mitigate shocks
MAS eased monetary policy by effectively devaluing its currency to counter a record economic slump. -Reuters
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Woman earned $2.5m but declared just $48,000
Director of tax services firm ends up paying $1.3m for 11-year ruse. -ST |
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S-chip firms in big trouble
The stock market has been rocked by revelations of irregular practices by two more China firms listed here. -ST
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Liquidity squeeze hits Islamic finance
Sukuk or Islamic bonds issuance has contracted and is slated to be lower than in previous years. -BT |
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Islamic Bank of Asia 'excited' by bank rule changes in Malaysia
IB Asia has focused on investment and wholesale banking. -BT
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Islamic banks have weathered sub-prime crisis well: Regulators
Islamic finance will become stronger with more products and services on offer, and also more banks. -ST |
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New Zealand jobless rate hits six-year high
The number of unemployed rose by 7,000 during the March 2009 quarter. -AFP
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S'pore hosts Islamic finance summit
This is the first time the event is being held in East Asia. -ST |
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People here more likely to invest in stocks now: Poll
Singapore was the most bullish about the world returning to what it was before the economic downturn. -ST
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Singaporeans bank on savings for guaranteed returns: survey
Four out of five Singaporean respondents are worried about their current financial situation. -BT |
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SGX sets up fund for investor education
The SGX's newly formed investor education committee expects to disburse up to $400,000 in the first year. -ST
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Bank to pay interest on US$ time deposits
UOB will start paying at least 0.05 per cent interest a year on fixed deposits. -ST |
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$1m scam: 3 foreigners flown here to testify
They were brought in as prosecution witnesses to prove the unlawful manner in which their money was remitted into a Singapore bank account. -ST
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Claims against Lehman face uphill battle
US bank's units here have funds, but recovery of cash will be complex process. -ST |
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How financial advisers should be paid
Advisers should be paid on the basis of a share of the underlying investments' annual management fees. -BT
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RHB sets up Islamic unit here
The bank will apply for a Qualifying Full Bank (QFB) licence, if one becomes available. -ST |
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MAS eases way for banks to offer Islamic products
Singapore aims to become a significant player in Islamic banking, which is governed by Islamic precepts. -ST
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3,800 more firms to join auto tax scheme
212,000 more taxpayers will have their salary data submitted directly to Iras. -ST |
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Sign up with HSBC Premier and receive a free HP Mini
Connect to a world of global banking services with HSBC Premier and receive the latest HP Mini notebook* worth S$599. Limited period offer till 30 May 2009 only. Terms and conditions apply.
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A lot more options in CEO search: Boon Hwee
DBS Group Holdings chairman Koh Boon Hwee said he himself is not interested in the job. |
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SGX conducts rigorous surveillance
SGX continually reviews market structure, including their closing routine, for improvement. -ST
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HSBC says profits up on last year
They are "well ahead" of the figure for the same period of last year. -AFP
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Don't fret if you miss stock rally
Experts say market correction is expected after supercharged run. -ST
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Windfall for some investors
Remisiers said for every investor who made money, there will be one who got his pockets burnt in this rally. -ST |
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NTUC offers Incomeshield upgrade to members' kids
Upgrade comes as a follow-on initiative to help needy Singaporeans cope with the downturn.
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Battle begins for Nina Wang's billions
Her former lover and feng shui master going against her family, who both lay claim to the vast fortune. |
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StanChart marks 150 years with new home loan deal
There is an additional perk for priority banking customers who hold StanChart's Visa Infinite card. -ST
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The way to beat electronic payment payment fraud
Vendors of point-of-sale equipment should be more vigilant, says new industry association. -ST |
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SGX's hands tied by legal, practical constraints: lawyers
Some lawyers felt that SGX should have more teeth by having broader legislative powers. -BT
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S'pore ranked most attractive city to do business in
It also takes third spot as one of the most popular financial centres. -AsiaOne
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Dr Discount tends to the heartlands
Toa Payoh clinic charging needy even less in downturn. -ST
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'Time to open up'
Investors say their interests are at risk when key stakes are force-sold. -ST |
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Private wealth clients seen consolidating their accounts
They'll pick a few banks that can help manage risk: Deutsche Bank MD. -BT
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Investors hit by short-sale penalties
New SGX rules impose hefty fines on those who sell shares they don't own. -ST |
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CPF interest rate, HDB mortage rate at status quo
Board will continue to pay 2.50% interest per annum for members' CPF savings in their OA. -AsiaOne
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Indian billionaire has big plans here
Spice Group chief to invest $100m in entertainment and real estate in S'pore. -ST |
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Should CK Tang shareholders throw in the towel?
Minority shareholders who had ignored the two earlier offers in the hope of a better premium have been disappointed. -BT
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Temasek's tweaked investment formula: 10-20-30-40
Outgoing CEO Ho Ching's new strategy underlines confidence in Asia's future. -ST |
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Singapore's most severe slump? Doesn't feel like it
Govt actions, previous growth keep recession effects at bay - for now. -ST
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Govt takes long-term view of investments
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Asian consumers go back to basics in downturn
More are opting for no-frills, lower-priced products rather than brand names. -Reuters
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Why Singaporeans LOVE Japanese lifestyle brands
QUALITY, design and good value for money are some reasons why Singaporeans are flocking to brands like Muji, Daiso and Uniqlo. -myp |
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Live, shop, dress Nippon!
Japanese lifestyle chainsmake roaring comeback despite early hiccups. -myp
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Give us our $17.7m
No, you're unjustly enriching yourselves, says AIA to ten investors who strike it rich with investment policies. -TNP |
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Temasek should clear the air
It must not shrug off BoA losses as a blip if it is to emerge stronger. -ST
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SGX fixing under-fire website
Users have been up in arms over its new interface. -BT |
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Oei Hong Leong loses $1b, takes Citigroup to court
Businessman claims bank gave him an inaccurate picture of his trading exposure. -ST
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Greater appreciation for cash managers
Companies have become more appreciative of the relationship with their cash management bank, says trade insiders. -BT |
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Congress approves credit card crackdown
The bill which takes effect in Feb 2010 would put a limit on credit card interest rates. -Reuters
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Temasek should ensure prudent decisions
Temasek can tap pool of financial experts, who can make detailed analyses before sinking funds. -myp |
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Citigroup to defend against lawsuit by Singapore tycoon: bank
Oei Hong Leong alleges he lost $1 billion due to the bank's negligence. -AFP
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Tycoon turns spotlight on private banking
Oei Hong Leong's lawsuit may prove to be just the tip of the iceberg. -ST |
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$77,000 penalty for insider trading
Former executive manages to avoid $38,500 in losses, but must now pay fine. -ST
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Temasek's BoA divestment
Bewildering move needs to be clarified. -ST |
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Let's not fall into a tell-all disadvantage
Call for transparency should be reasonable - rather than a tell-all stand. -ST
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AIG CEO Liddy to step down
May be best remembered for the multiple public scoldings he received from lawmakers. -Reuters
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Singapore's Temasek explains Bank of America sale
It said the risk environment and nature of the investment had changed. -Reuters
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Timeshare firms now dangle 'resale' bait
Watchdog sees tenfold jump in complaints against such firms. -ST |
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Pinnacle Notes Series 1 sees 'credit events' in its securities
Complicated Pinnacle products do not appear to have any link to Lehman, but 'credit events' could lead to drops in value. -ST
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S'pore falls to third spot in competitiveness study
But it's deemed one of the most resilient in new stress test. -BT |
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Morgan Stanley Pinnacle Series 1 notes investors may lose all
Mandatory redemption likely; final recovery amount likely to be zero. -BT
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US$ falls as Asian appeal returns
Currency dips against those in Asia as investors pour money into regional stocks and bonds. -ST
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Gold glitters
Major investment banks forecast price to surge above US$1,000 this year.
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MAS sues former WBL exec for insider trading
This marks first time the central bank is plaintiff in a lawsuit. -ST |
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S'pore ranks 2nd in global stress test
Results indicate city is well-placed to weather financial crisis. -ST
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Micro loans from S'poreans changing lives
Growing number helping impoverished people around the world via microfinance websites. -myp |
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Recession-hit Asians pray for jobs, luck, recovery
Singapore's unemployment rose to the highest in over three years in the first quarter of 2009. -Reuters
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MAS to boost watch on banks
Central bank will conduct thematic reviews and stress tests, says SM Goh. -ST |
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Riding out slump and investing for the future
More policies to be adopted while investing for future growth: Tharman. -ST
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Banks slugging it out in hip Holland Village
There are seven banks along a 120m stretch of Holland Avenue, with Citibank Singapore the latest to heat up the competition. -BT |
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3 MPs call for more transparency in Temasek and GIC investments
The MPs' comments came in the wake of reported losses by both. -ST
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No-claim bonus for medical insurance?
Perhaps people should get rebates on their medical insurance for keeping healthy, says MP. -ST |
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Changes to CPF Act coming up
Bill will allow for the setting up of a LifeLong Income Fund. -ST
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Lawyer missing with $68k from property sale
Tribunal recommends that he be tried for professional misconduct. -ST |
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Lim Boon Heng defends CPF cut for older workers
Pre-emptive move serves to protect these workers' jobs, he says. -BT
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Ex-singer Stella Ng declared bankrupt
She owes $249,000 to local cake firm Awfully Chocolate. -AsiaOne |
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MAS MD reappointed
He also keeps his position in the Board of Directors. -AsiaOne
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5 economic strategies
PM Lee outlines the issues that the Economic Strategies Committee will study. -ST |
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S'pore to adopt global accounting rules by 2012
International standards to enhance Republic's role as a financial centre. -ST
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Temasek beats returns of many big funds
Tharman explains the overall track record of state investment agency. -ST |
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Aligning tax code with new standard
Public consultation will be sought as early as next month, says Minister. -ST
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Temasek's 6-year report card shows $56b gain
This is in spite of last year's setback that wiped out half the gains of 5 preceding years in just 8 months. -BT |
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Rent me
With jobs hard to come by, some young Chinese are using novel ways to advertise their skills - and themselves - online. -ST
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Suit against tycoon to be heard in S'pore
HK appeal court also lifts freeze on assets worth $52m owned by him and co-defendant. -ST |
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A finger in a few niche pies for S'pore
Pursuit of niche markets 'realistic' due to nation's small size and limited resources: Economists. -ST
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Invest Fair 2009 offers financial tips
The fair will feature several seminars dealing with a variety of topics such as equities trading. -ST |
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