Singapore monetary policy broadly appropriate: IMF
Authorities should keep rates at present levels until economic recovery clearly under way. -Reuters
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More S-chips may delist
Low price-to-earnings for shares here, lack of liquidity among the reasons. -ST |
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Oei Hong Leong gets $8m from share sales
He sold his shares in United Envirotech and Novena Holdings. -ST
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DBS outlines defence in High Notes 5 lawsuit
Documents stated if a credit event occurred before maturity, investors may lose entire investment.
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CPF interest rate for SMRA at 4% for Q409
Floor rate is pegged at 4% until the end of the year. -AsiaOne
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DBS outlines defence in High Notes 5 lawsuit
Documents clearly state terms, conditions, says DBS, but they acknowledge 'clerical mistake' in documentation. -ST |
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'Killer' stock derivatives make comeback
Rich Asian clients buying accumulators again as risk appetite recovers. -ST
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$100 liability cap for lost credit cards
Cardholders protected from Nov 1 provided they are not negligent. -AsiaOne
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Pay-back time at Phillip Securities
Commissions clawed back from staff who sold toxic products, but no decision yet on final sum.
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Credit card fraud cases low
Consumers here are quick to report their lost cards. -ST
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Fee-based service for wealthy Citi clients
New service will allow one time fee for wealth management services instead of different sales charges for investments. -ST
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Proposal to tax current year income instead
Move will better match taxes paid with income earned. -ST |
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Pay-back time at Phillip Securities
Commissions clawed back from staff who sold toxic products, but no decision yet on final sum. -ST
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Ex-lovers in court battle over company shares
He claims she oppressed his minority rights; she claims he was given a stake only because of their relationship. -ST |
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Writing on the cards shows big discipline
8 credit cards per eligible earner, but billing and rollovers firmly in check. -BT
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Expect more openness as SWFs go through a shift in thinking
SWFs have acted to improve openness in recent years.
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The 'Chip' on S'pore's shoulders
The interest in Temasek Holdings among some Singaporeans has been relentless. Who are those interested? Why their keen interest?
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Prudential: Help Ed Campaign
For more Prudent advice, speak to a Prudential Financial Consultant. -Advertorial
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More credit card safeguards
ssuing banks agree to cap card members' liability at $100 for unauthorised transactions; online transactions will require second password.
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Be reasonable in exit offers, says SGX
Responsibility for this rests on board, independent financial advisers.
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Policy rules eased
Policyholders now allowed to name beneficiaries and change them when the need arises. -ST
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Top prize winner walks away with $200,000 cash
This marks the close of the OCBC Happy Savings Draw 2009. |
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Singapore and Australia enhance tax cooperation
The two countries amended their standing agreement for the avoidance of double taxation.
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New rules on products
Products that fully protect an investor's principal sum are labelled 'capital guaranteed' - anything else carries the possibility of a loss. -ST
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4% interest for some CPF savings extended
SMRA to enjoy rate till end-2010; move ensures returns stay stable amid downturn. -ST
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Financial Guardian life policy holder sues AIA
AIA counter claims against her for alleged defamation. -BT |
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Local IPO market stirring back to life
Seven new listings since end June, compared to three in first half of year. -ST
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MAS bans use of confusing term in sale of investment products
The term "capital or principal protected" will be banned. -myp
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Moves to chip away credit card fraud
Various methods credit card companies are using to counter fraud. -TNP
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Capital protected? Confusing term out
MAS allows use of only 'capital guaranteed' if principal sum is safe. -ST |
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Americans in S'pore seek tax advice as US deadline nears
US citizens are participating in voluntary disclosure IRS programme to avoid criminal prosecutions and higher civil penalties in the US. -ST
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The US taxman comes knocking on Asian doors
Green Card holders and US citizens with undeclared offshore assets have until Sept 23 to come clean. -BT |
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Ex-director jailed for cheating bank of $14m
He committed 124 offences of conspiracy to cheat and failing in his duties as a director under the Companies Act. -ST
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'I trusted him, now he puts blame on me'
Businesswoman shed tears twice in court as she testifies in the suit her ex-boyfriend of six years filed against her. |
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Policyholders urged to name beneficiaries
New insurance law gives people a clear and legal way of doing so. -ST
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OCBC offers direct access to foreign bourses
New service will help investors capitalise on market opportunities, wherever that may be. -ST |
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Pledged shares: CFA for better disclosure rules
Many Asia-Pacific exchanges leave judgment calls to directors: study. -BT
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Can ballpoint ink be erased on cheques?
Processes are in place to detect such frauds, says banks. |
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Ex-Goldman Sachs V-P takes risky leap into culinary school
Lessons picked up from Wall Street come in handy in running a kitchen, she says. -ST
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'Ex-lover humiliated, threatened me'
He yells at her in front of staff, demands money and is disruptive in the office. -TNP |
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Manulife offers wrap investment platform here
It will charge annual advisory fee for 3rd-party unit trusts. -BT
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Thousands still hoping to get money back
9,900 invested in toxic products; 3,900 get back $107m after 'misleading sale' probe. -ST
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Who are Singapore's 40 richest?
Forbes says their wealth has risen from US$32b to US$39b; palm oil tycoon at No.3 makes most gains.
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S'pore tycoons rise and fall in roller-coaster ride
19 on Forbes rich list get richer, 13 see their fortunes fall. -BT |
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S'pore's top 40 now richer
Forbes says their wealth has risen from US$32b to US$39b; palm oil tycoon at No.3 makes most gains. -ST
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Global meltdown: What got fixed, what needs watching
Financial crisis, one year later. |
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Rising property prices to get airing in the House
Parliament to discuss possible property bubble and affordability of homes. -ST
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Govt reins in property market
It has moved to rein in the fast-rising private property market by stopping nterest absorption scheme, but will be resuming land sales next year. -ST |
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HDB flats still affordable, says Mah
8 in 10 households qualify for grants; first-timers use less than 30% of household income to service loans. -ST
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Property players, Temasek suffer paper losses of $1.1b
They are most affected by measures to prevent dramatic property price swings. -ST
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Most investors think crisis not over: Survey
They worry the high leverage in the system has not been reduced.
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Singapore signs tax agreement with Austria
Protocol signed to avoid double taxation. -AsiaOne
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Landmark lawsuits 'will help future claims'
Laywer Siraj Omar is leading the charge in a collective action lawsuit against DBS for his 204 clients. -ST
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Thousands still hoping to get money back
9,900 invested in toxic products; 3,900 get back $107m after 'misleading sale' probe. -ST |
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DBS front man wins praise for tact
Head of consumer banking at DBS kept his cool in the face of hundreds of upset investors. -ST
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Revival in merger and acquisitions market
Flurry of big deals in usually quiet time may mean worst is over. -ST |
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Singapore most tycoon-dense
S'pore has the highest density of millionaires at 8.5 per cent of the population. -Reuters
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Wealth firms tap India's newly rich as stocks rebound
Deutsche, StanChart seeing jump in new client assets. -Reuters
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More Chinese credit card holders paying late
Policymakers concerned this could lead to a round of consumer defaults. -Reuters
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Temasek July portfolio up $42 billion from March 09
However, it did not meet its portfolio target, which resulted to additional clawback to staff bonuses. -AsiaOne |
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Swiss banks propose withholding taxes to fight tax cheats
The proposed system is modelled after a deal between Switzerland and the European Union. -AFP
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Citi hires co-head for China banking from BofA
Tsang adds industrial, real estate past to China team.
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DBS says banker Wong Ban Suan to retire
He has been instrumental in helping to manage DBS's balance sheet. -Reuters
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Integrated Shield Plans enhance coverage
People can buy Integrated Shield Plans that are sold by private insurance companies for more coverage. -TNP |
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'I thought insurance would cover it'
Double blow for woman diagnosed with breast cancer. -TNP
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Lehman Brothers' lessons for Singapore
Financial institutions must have transparency and accountability. -myp |
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Ex-Morgan Stanley banker jailed for seven years
He was convicted of 10 charges in the city's largest insider dealing case. -AFP
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Video: Ho Ching talks about Temasek's succession plan
Who are they looking at after Chip Goodyear?
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Video: Ho Ching talks about Temasek's finances
Temasek just released its 2009 Temasek Review.
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Welcome to Millionaire Country!
Despite a dip, S'pore still has highest concentration of wealthy households. -BT |
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Poll finds S'poreans trust insurers more than global average
But they are unwilling to pay higher premiums for the attributes they value. -BT
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Getting exposure to world equities
The Singapore Exchange now quotes 40 ETFs - exchange-traded funds that provide diversification for investors. -BT |
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Staff bonuses to take a big hit
Falling portfolio value means deductions from employee's bonus pool. -ST
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Temasek invests up to 25% in China
The country is its second largest investment destination after S'pore. -ST |
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SMRT Capital's debut $150m note issue well received
Orderbook closed within half hour of launch with 2 times oversubscription. -BT
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S'pore and Qatar sign tax agreement
S'pore and Qatar signed a protocol today that enhances the tax co-operation between both countries. -AsiaOne
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Banks getting back in the groove
Clients are returning but they are taking a more guarded stance this time. -ST
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Taxman goes after getai performers
Iras reviewing their past income declarations. |
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Financial advisers defend stance on exit offers
They say claims that they endorse deals unfair to minority investors are off the mark. -BT
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Women unsure in money issues: Poll
Majority feel they lack know-how and men are better equipped. -ST |
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GE Money rewards customers who make prompt payments
GE Money's customers now have the chance to reap rewards for prompt repayments. -BT
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He got $900k from insurers - still fighting for $17k more
It took him seven years to get almost $1 million in insurance claims. |
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Understated, ambitious and preparing to be wealthy
Survey gives insights into the attitudes and aspirations of wealthy individuals of the future. -BT
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SGX chief took big pay cut
Mr Hsieh's pay cheque for the year ended June 30 was $4 million, down 44% from last year. -ST |
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DBS: Bringing the Reit to life in S'pore
The bank was honoured for its contribution in bringing local and foreign listings, as well as Reits. -ST
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Aviva to grow market share in S'pore
Many working adults in Singapore remain under-insured: Aviva. -ST |
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How bank can help cardholder protect confidential details
Bank does not require merchants to keep records of any customer information. -ST
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IAS 39 returns to haunt bankers
Proposed changes could mean banks showing better ratings, but losses will now show on P&L sheet. -BT |
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Prices of foreign produce hard to stomach
Singapore still more affordable than London and San Francisco. -ST
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Singapore cheaper than Stockholm
Researcher Mikael Huss was surprised that it was possible to get by on a single income here. -ST |
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How much is a burger worth?
Singaporeans can afford to buy less of what people in many other cities can because prices here have risen more than wages. -ST
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Er, what is CPI?
Fiona Chan explains what the term means and its effect on your expenses. -ST |
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Computer glitch hits DBS
The glitch was fixed by 11am. -ST
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