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UOB offers to redeem two Prudential products
UOB told customers that they can cash out and walk away with their initial principal.
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MAS welcomes Minibond agreement
MAS issued statement regarding Lehman Minibond settlement agreement. -AsiaOne
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Lehman minibond payback
PwC, receivers of the toxic investments, reached an agreement recently with Lehman Brothers. -ST
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Oei Hong Leong, Citi settle billion-dollar lawsuit
The case will no longer get the public hearing that some market watchers were hoping for. -Reuters |
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Investors find cheaper way to 'own' blue chips
CFDs or Contracts for Difference an increasingly popular derivative product. -ST
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Glitches hit DBS Bank's branch and online services
It has been plagued by a spate of technical issues over the last few days. |
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Minibond investors to get some money back
Deal reached for registered noteholders to be paid within 'a few months', says PwC.
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Pushy sales even after Minibonds saga
Measures put in place following the episode are insufficient, says reader. -ST |
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OCBC Bank savings plan for kids goes to Malaysia
Plan helps children understand and develop the habit of saving. -myp
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Great service from UOB Card Centre
Staff member from card centre addressed all of overseas customer's concerns well. -myp |
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Banks may have to raise capital, MAS warns
Regulators also say it is keeping close watch on property market and prices. -BT
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Loyalty credits for new UOB card
Credit card yields more rewards over time. -BT |
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Chinks in banks' e-armour
Nonehave enhanced security for websites; only 30 per cent have e-mail safeguard. -myp
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List of most and least desirable countries to live
Norway ranked 1st, S'pore 23rd. -Reuters, AFP
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Norway is best place to live; S'pore is at 23rd
UN index ranks several in Asia high; China up 7 spots. -Reuters, AFP
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CPF concern spawns corporate pension plans
But firms head to Brunei to do so, citing favourable tax treatment, among others. |
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Firms say outdated rules drag on pension schemes
IRAS urged to review restrictions under section 5 of Income Tax Act.
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Asia still attractive to private bankers
Industry is confident region will generate huge growth in wealth. |
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Concern over China's policy on bank loans
Unwillingness to revalue the exchange rate raised the risk of inflation.
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Consumers here turn cautious on spending: poll
S'poreans among most thrifty in Asia; Chinese, Indians are least restrained |
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For local banks, the worry is loans growth - not capital
Global drive to raise capital requirements for banks may leave S'pore untouched.
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He mortgaged his house to invest in Sunshine Empire
He spent about $100K buying more than 10 of Sunshine Empire's Gold Prime packages. -AsiaOne |
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It's a business model that's 'bound to fail'
CAD's expert says most participants would lose money as payouts exceeded package prices. -TNP
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349% returns unsustainable: Expert
Sunshine had no real business plan to afford payouts for its customers, says prosecution. -ST |
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Big guns out to battle at trial
Centre of trial is James Phang, head of the multi-million dollar scheme selling lifestyle packages. -TNP
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Swiss banks assure wealthy clients against trawling
Switzerland will provide tax information on bank clients only after receiving 'justified requests' about individual cases. -AFP
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Change unlikely in S'pore monetary policy
Economists expect MAS to be cautious as growth prospects still uncertain. -ST
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S'poreans more risk averse
They are now less trusting of financial institutions. -ST
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Spell out risks to investors clearly: Tharman
Positive correlation between corporate governance and a company's performance: Tharman. -ST
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French bank sues ex-client
CIC seeks $6.4 million, alleges that manager failed to pay for shares bought in 2007. -ST |
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Trade in old pieces to save on GST
This is one way to soften the impact of soaring gold prices.
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Asian wealth 'not due to European injection'
Asians are simply getting richer.
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Hidden Swiss funds must return in Italian tax amnesty
Italy's amnesty is one of the most generous in the global crackdown on offshore tax evasion. -Reuters
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Gold prices at record high, but sales still good
Retailers say they actually expect to see a small increase in sales this month despite the price rise. |
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Singapore sees a few hoping to sell off gold
But weak economy has hit purchasing power, so people are in no rush to buy the precious metal. -ST
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S'pore investors more risk-averse
They also trust financial institutions less: Survey. -ST |
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S'pore leaps to 4th spot on financial centre list
Republic moves up from 10th place as it displays strength amid recession. -ST
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Changes in CDP settlement processes
New cut-off time for securities delivery to be noon 3 days after trade. -ST |
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Take-up rate of CPF annuity 'encouraging'
Plan that pays more now and leaves less to loved ones proves most popular so far. -ST
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Singapore out of recession
But economic activity will 'probably remain below pre-crisis levels'. -myp
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Judge in Bear Stearns trial rejects juror for bias
Rejected jurors were critical of Wall Street. -Reuters
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7,500 offshore tax evaders come clean: US tax chief
US offshore tax amnesty program doubles within weeks. -Reuters
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Better security with IC for money-order purchases
This procedure was introduced to enhance security for monetary transactions. -myp
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New kid on the block: DBS' 3-in-1 Live Fresh card
First credit card in S'pore that combines ez-link services, credit-card functions and Visa payWave. -myp
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Private bank clients still cautious: CS
Customers remain reluctant to tie up cash in longer-term investments. -BT
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SGX switches to electronic poll voting
New technology will help improve transparency. -ST |
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US investors drop brokers as sole top finance advisor
Independent planners and brokers now share the rank of No. 1 advisor. -Reuters
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Investors move out of US stocks into emerging markets
Emerging debt funds also benefited from investors' appetite for yield. -Reuters
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SPH and SGX team up for finance portal
Site to offer key market information pooled from both group's databases. -ST
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CapitaMalls IPO set for year-end
Stake of 25-30 per cent of its malls unit to be listed. -Reuters |
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HDB launches issuance of $500 million fixed rate notes
This comprises a $500 million, 3-year Fixed Rate Note issue with a coupon of 1.55% per annum. -AsiaOne
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Stocks 'gain from global crisis'
More investors turn to equities due to low bank rates and fewer options. -ST |
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No explanation given for zero interest on market-linked deposit
Reader received zero interest on two-year investment of $50,000.
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Unfair single-premium policies and policyholder ignorance
Reader: Surrender value on the first year was less than 75 per cent of the single premium.
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Investors cry foul over KL cafe chain
Cafe chain director absconds with $3.7 million of investors' money. -ST
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Bold cuts in Budget 2010
Govt is setting an ambitious target to cut operating expenditure.
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OCBC account for parents' allowance
OCBC allows working adults to give their parents an allowance on a regular basis. -myp
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Housing prices up across Asia
The common factor fueling these markets is the low cost of housing loans. -The Yomiuri Shimbun/ANN
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Tough boss, brilliant investor, family man, and now under probe
Billionaire arrested for insider trading.
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Galleon Asia sails on despite US storm
Galleon Asia has not received any redemption requests and has full support from its prime brokers. |
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Investors pulling out of Galleon Group fund
Such redemption requests are not surprising those in the industry here. -ST
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HK may scrap mortgage insurance scheme
The insurance scheme may be scrapped to tackle the speculative trend of the surging market. |
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Banks have their duties, so do their customers
Customers are still expected to play their part to prevent cheque forgery.
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'Favourite child' wins dispute over will
Dr Caroline Chee Ka Lin becomes the sole heir to an estate worth millions by being mother's 'favourite child'. -ST |
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Credit card spending up
Latest figures also show that payment delinquency rates are at record lows. -ST
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Kids as young as 9 to receive career advice
They will be given advice via YouTube and Facebook. -Reuters
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Lifting lid on murky world of info-sharing
Galleon case: US regulator should be lauded for zeal in enforcing insider trading laws.
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Companies rush to place out shares
Most taking placement route instead of rights issues to raise capital. |
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Credit card cheer
Credit card spending is up while payment delinquency rates are at record lows.
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Cold calls, cool response
Banks are increasingly making calls to offer credit cards and loans, leading to complaints. |
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Out-of-the-box ideas to remake S'pore economy
Old certainties and tried-and-true policies were questioned and cross-examined in the forum.
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SBI opens 6th branch in Toa Payoh
Bank's expansion also includes a new branch in Clementi. |
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ATM withdrawal shock
After withdrawing from ATM, he faced outstanding balance in his credit account.
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