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DBS Chief Warns Of Basel Fallout

As Asian countries roll out Basel III frameworks for their banks, the CEO of Singapore's biggest lender has warned that the more stringent bank capital rules for the region's already well-capitalised lenders may hurt economic growth in the regi ...

Daily Headline - global.abi.org - 10/06/2014 - 21:09 - 0 comments

Singapore Home Prices Fall for Fourth Straight Quarter on Curbs

Bloomberg News reported. An index tracking private residential prices fell 0.6 percent to 208.1 points in ... residential prices fell 0.6 percent to 208.1 points in the three months ended Sept. ...

Daily Headline - global.abi.org - 09/30/2014 - 23:03 - 0 comments

Major Reforms Of Singapore's Insolvency Laws Expected

Major reforms of insolvency laws are in the process of being enacted, as Singapore tries to position itself as a regional hub for insolvency work and debt restructuring, said Senior Minister of State for Law Indranee Rajah on Monday, Channel NewsAsia rep ...

Daily Headline - global.abi.org - 08/25/2014 - 21:57 - 0 comments

Singapore to Require Banks to Hold Liquid Assets for Exigencies

Singapore said banks with a “significant retail presence” in the city-state will soon be required to maintain some liquid assets in the country to support their short-term cash outflows, Bloomberg News reported. The new liquidity framework applies to all ...

Daily Headline - global.abi.org - 06/24/2014 - 22:54 - 0 comments

CapitaLand to Alter Home Sizes to Tackle Curbs

CapitaLand Ltd., Singapore’s biggest developer, may alter the size of its apartments as it seeks to improve affordability to combat government measures aimed at curbing speculation and lowering prices, Bloomberg reported. The developer sold 139 residenti ...

Daily Headline - global.abi.org - 07/25/2013 - 23:24 - 0 comments

Singapore Tightens Tax Evasion Measures

Singapore will from Monday make it a money-laundering offence for banks to assist tax-evaders stash their funds in the Asian city-state, in the latest move by the region’s fastest-growing wealth management hub to join the global crackdown on tax evasion ...

Daily Headline - global.abi.org - 06/30/2013 - 22:32 - 0 comments

Banks In Singapore Agonise Over Rich Clients In Tax Evasion Clampdown

Banks in Singapore are urgently scrutinising their account holders as an imminent deadline on stricter tax evasion measures forces them to decide whether to send some of their wealthiest clients packing. The Southeast Asian city-state has grown into the ...

Daily Headline - global.abi.org - 05/05/2013 - 21:23 - 0 comments

Pilots Asked To Take Unpaid Leave

Singapore Airlines has asked its captains to volunteer for unpaid leave amid a global economic slowdown that has dented long-haul travel demand, the airline says. The move came nearly a year after the company - considered a bellwether for the full-servic ...

Daily Headline - global.abi.org - 01/07/2013 - 22:01 - 0 comments

Singapore Dodges an Expected Recession

Singapore’s economy grew in the past three months of 2012, avoiding an expected recession as services put in a strong showing and gross domestic product figures for the first three quarters of the year were revised downwards, Reuters reported today. Sing ...

Daily Headline - abi_admin - 01/02/2013 - 10:19 - 0 comments

MF Global Singapore Creditors Face Waiting Game

The 6,000 customers of MF Global Holdings Ltd's Singapore arm should get well over 90 percent of their money back from the collapsed brokerage, although its creditors may have a tougher time recovering all they are due, Reuters reported. MF Global f ...

Daily Headline - global.abi.org - 05/28/2012 - 21:25 - 0 comments

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