Two Chinese banks get full banking licenses in Singapore
Xinhuanet- 2012-10-09 Singapore has granted full banking licenses to two Chinese banks, allowing them to have greater access to the Singapore market. After getting the qualified full bank (QFB) status, the Bank of China and Industrial and Commercial Bank of China (ICBC) can open as many as 25 branches and offer services, including...
New property measures: Small steps – Bigger impact
Latest measures taken to cool the property market may not be the most stringent till date, but are ones that directly hit the financing cash flows of new buyers, as the measures involve the lowering of home loan tenures and, in some cases, loan-to-value ratios (LTV). Thus, the impact of these new measures will be more substantial,...
Open Letter to Lim Swee Say – Why employ FT instead of SG in NTUC?
Mr Lim Swee Say ([email protected]), CEO and Secretary-General, NTUC Singapore NTUC Centre No 1, Marina Boulevard #10-01, One Marina Boulevard Singapore 018989 cc. Mr Ang Hin Kee, CEO, NTUC E2i Center; [email protected] cc. TRE (TR Emeritus); www.tremeritus.net cc. TOC (The Online Citizen); theonlinecitizen.com cc....
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