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  Friday, August 10, 2012
  Today
Singapore cuts GDP forecast
Prime Minister Lee Hsien Loong on Wednesday delivered a televised speech the evening prior to the countries' National Day, announcing disappointing news of a reduced 2012 gross domestic product (GDP) forecast as the global slowdown from China to Europe hinders the island...
BOK: rates held firm
The Bank of Korea (BOK) kept borrowing costs at a 14-month low after the surprise cut in July as policy makers continue a cautious approach to gauge the fallout from the Eurozone...
Bank Sarasin reports on sustainability
Energy utilities will face major challenges in the imminent future – given the finite supply of fossil fuels, the inherent risks associated with their extraction and a lack of transparency regarding the true economic costs of the individual technologies, according to Bank Sarasin's sustainability sector report...
Australia's jobless rate eases
Australia's resource driven economy recovered avoided severe collateral from the global slowdown, as the Australian Bureau of Statistics (ABS) reported 14,000 new jobs in July...
  Featured Article
Doing good
Go one step beyond charity donations – use life insurance to set up your own US$8 million trust fund for doing good works in the future. Making regular long-term financial donations to a charity is a very rewarding endeavor – why not consider going one step further and setting up your own foundation or charity? For those who like to be in control of their money it's the...
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  Most Read in the past 7 days
Mercer adopts ESG ratings into key reports
In an effort to demonstrate the growing importance of environmental, social and governance (ESG) in investment decision-making, Mercer continues to be the industry leader in ESG integration...
Bank of Singapore's AUM rises 20%
Bank of Singapore's asset under management grew 20% year-to-date to S$45 billion ($36 billion), according to a statement by parent company – Oversea-Chinese Banking Corporation Ltd. (OCBC Bank)...
Footing the bill
The success of the US Treasury's hunt for hidden offshore funds through FATCA may inspire other jurisdictions to follow suit. But the compliance costs for foreign financial institutions could be overwhelming. As reported last month, the US Foreign Account Tax Compliance Act (FATCA) legislation is causing a headache for Hong Kong's financial services industry, specifically Mandatory Provident Fund...
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